Waterbury evening Democrat., 1904-01-18
TRUE PANAMA STORY.
Actual Facts of the Revolution as
 Told by New York World.

NEW YORK, Jan. IS. - Below are given the actual facts of the revolution in Panama, as given by the New York World, which resulted In the creation of the republic of Panama and treaty with the United States by which the latter is to construct the isthmian ca nal. These facts present the revolu- hon and it's consequences in an entirely contrad adictory light from that given by President Roosevelt in his special mes rage to both houses of congress, in which he declared that his administra- ton had no part, directly or indirectly, In the revolution.
 The World gathered these facts from men who took an active part in the events described The greatest care was taken to fsubstantiate all of the statements here given. Facts gathered from one source were submitted to oth- ers, usually those with interests antag- onistic to the original informants, and every effort was made by the World to verify all of the following:
 The Panama revolution was .fostered and promoted in many ways by sym dicate of New York and Paris brokers who had formed an immense pool for speculating in the shares and other se- curities of the Panama Canal compa- ny. This syndicate furnished $10O, 900, which was used by the revolutionary party in Panama to perfect the revolu- ton. Of this money $SOO0 was used to bribe Colombian troops and get them to leave the isthmus.
 The agent or chief reliance of this speculative syndicate was Philippe Btu nau-Varilla, the present minister of the Panama republic to the United States. The leading member of the syndicate was Minister VariIla's brother, Mau- rice varilla, editor of the Matin, Par Is newspaper. The shares of the Pana- ma Canal company when the bankers syndicate took hold of the revolution ary project were selling at 67 on the Paris bourse. Now they are selling at 115. The profits of the syndicate at present prices are estimated at $4,00O, 900.
 | The operations of the bankers syn dicate and the connection of Minis ter Varilla with the speculative pool was not known until quite recently by the native Panamanians, who went in-
 to the revolution purely out of 8 spirit of loyalty. There is no evidence that any of these joined with the specula-
 tive pool or reaped any of its profits. The appointment of Bunau-Varilla as minister of the new republic to this country was bitterly opposed by lead srs of the revolutionary party on the
 lsthmus until they discovered through rspresentat tives they had sent to Wash ingt0n that nothing could be done in the way of getting assistance from this government except through MT. Va cilla.
 Some time before the revolution oc- cured varilla insisted to the active leaders of the revolution that he must be made minister of the republic to this country, in exchange for which he
 would furnish: First, the revolutionary fund necessary; second, that he would
 have United States warships on the scene at the proper moment to serve the interests of the revolutionists; third, that he would have the United States
 recognize the republic of Panama i'm mediately after the revolution. Varilla kept all three pledges.