US Ratified the Failed Treaty Granting Rights to Build Panama Canal in 1903

Today in Latin American history, the Hay-Herran Treaty, granting the United States the right to build the Panama Canal, was ratified by the United States Senate in 1903.

Unfortunately, the was not ratified by the Senate of Colombia thus it did not go into effect.

The treaty would have allowed the United States a lease that was to remain in force in perpetuity on a six-mile wide strip across the isthmus of Panama (then part of Colombia) for $10 million and an annual payment of $250,000, both payments being in gold coin.

Other events that occurred on this day:

Today in LatAm history, Empress of Brazil Teresa of the Two Sicilies was born in 1822

Today in LatAm history, a train fell off a bridge over the Río Virilla between Heredia and Tibás, 248 killed and 93 wounded in Costa Rica in 1926