"I do not think that any President ever acted more wisely, courageously
or promptly in a national crisis. Mr. Roosevelt deserves unstinted
praise for what he did."
They would doubtless have acted precisely as they acted as regards the
acquisition of the Panama Canal Zone in 1903, and the stoppage of
the panic of 1907 by my action in the Tennessee Coal and Iron Company
matter. Nothing could have made the American people surrender the canal
zone. But after it was an accomplished fact, and the canal was
under way, then they settled down to comfortable acceptance of the
accomplished fact, and as their own interests were no longer in
jeopardy, they paid no heed to the men who attacked me because of what I
had done--and also continue to attack me, although they are exceedingly
careful not to propose to right the "wrong," in the only proper way if
it really was a wrong, by replacing the old Republic of Panama under the
tyranny of Colombia and giving Colombia sole or joint ownership of
the canal itself. In the case of the panic of 1907 (as in the case
of Panama), what I did was not only done openly, but depended for its
effect upon being done and with the widest advertisement. Nobody in
Congress ventured to make an objection at the time.
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