Magazine content is available exclusively for TIME subscribers.PANAMA: Entangling Alliance
"The Republic of Panama agrees to cooperate in all possible ways with the United States in the protection and defense of the Panama Canal. Consequently, the Republic of Panama will consider herself in a state of war in case of any war in which the United States should be a belligerent, and in order to render more effective the defense of the Canal will, if necessary in the opinion of the United States Government, turn over to the United States in all the territory of the Republic of Panama, during the period of...
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