"
Shortly after this rough draft was dictated the Panama revolution came,
and I never thought of the rough draft again until I was accused of
having instigated the revolution. This accusation is preposterous in
the eyes of any one who knows the actual conditions at Panama. Only the
menace of action by us in the interest of Colombia kept down revolution;
as soon as Colombia's own conduct removed such menace, all check on the
various revolutionary movements (there were at least three from entirely
separate sources) ceased; and then an explosion was inevitable, for
the French company knew that all their property would be confiscated
if Colombia put through her plans, and the entire people of Panama felt
that if in disgust with Colombia's extortions the United States turned
to Nicaragua, they, the people of Panama, would be ruined. Knowing the
character of those then in charge of the Colombian Government, I was not
surprised at their bad faith; but I was surprised at their folly. They
apparently had no idea either of the power of France or the power of
the United States, and expected to be permitted to commit wrong with
impunity, just as Castro in Venezuela had done. The difference was that,
unless we acted in self-defense, Colombia had it in her power to do
us serious harm, and Venezuela did not have such power.
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