The Hay-Herran Treaty reference article from the English Wikipedia on 24-Apr-2004
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Hay-Herran Treaty

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In 1903 the United States and Colombia signed the Hay-Herran Treaty. The United States would have acquired a renewable 99 year lease on 6 mile wide strip across Panama for $10,000,000 and an annual payment. Though it was ratified by the United States Senate on March 14 it was not passed by the Colombian Senate.

See also