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Show STARTLING EXPLOSION Occurs in Front of the Hotel Where President Taft Is the Guest. Washington, Dec 26 n explosion in the pnrk opposite the Tlvoll hotel, ho-tel, which occurred whllo President Taft was attending a dance given In his honor at the National theater at Panama last night. Is reported in dispatches dis-patches to the Panama legation hero lo have been the outgrowth of business busi-ness rivalry between two merchants in the vicinity. The dispatches state the explosion occurred outside the district traversed bv President Taft. which was gunrd-ed gunrd-ed by police from tho station to tho National theater "While President Tart wan at the danco an explosion at De LessepB plaza, in front of the Hotel Tivoll, blew up the news stand at' the hotel, ho-tel, says the dispatch to the lega-I lega-I lion. "Tho enuso or the oxploBlou Is 'be lieved to have been Jealousy and revenge re-venge between two Spanish rivals in business." Minister Valdez gave out at tho legation le-gation here today official reports from his government stating that the minister of foreign affairs had reported report-ed the matter lo President Taft, who was convinced that tin explosion had been In no way connected with Ills presence in the city |