PANAMA: Remon's Monument

In the sunlit Yellow Room of Panama's presidential residence last week, representatives of the U.S. and Panama signed a treaty that the U.S. ambassador called "a monument to the enduring fame" of assassinated President José Antonio Remón (TIME, Jan. 17). A major revision of the Panama Canal pact of 1903, the treaty was largely Remon's handiwork. He first talked it over with President Eisenhower in Washington 16 months ago, kept watch on negotiations, obtained terms highly favorable to his country. Among other things, Panama gets: 1) an increase from $430,000 to $1,930,000 in its annuity from the...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!