Word: colombianizing
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...Colombian Oil Has Possibilities...
...most significant feature of American penetration into Colombia during the past few years has been in connection with the petroleum industry. Thus far the Colombian oil production has been amounting only to a few thousand barrels for local consumption. The rich possibilities of these deposits, however, and the relation of the American concessionaires to the Colombian government are factors which will figure conspicuously in the future relations between the United States and Colombia...
There are three salient features to the Colombian petroleum industry: first, the marked predominance, amounting almost to monopoly, of American capital in that field; secondly, the difficulty of access from the seaboard to the richer deposits, necessitating excessive costs of pipe line construction and drilling, which are nearly double those for corresponding work in this country and Mexico; thirdly, the legal status of the industry was radically changed in November and December, 1919, when a decree of the Colombian Supreme Court, followed by a new petroleum code, put an end to various government owner ships and "nationalization" schemes and removed...
...Panama, in order to protect our interests there. After the failure of the French canal project, the United States undertook the task of the construction of the water route across the continent. As long as there was a possibility that the United States would locate operations in Nicaragua, the Colombian government favored the Panama plan. But after the decision in favor of its present site, the Colombians repudiated their attitude, an act which was followed by the revolution...
Alexander Hamilton Rice '98, M.D. '04, will give a talk at the Copley-Plaza Hotel on Wednesday evening, April 23, under the auspices of the American Committee for Devastated France. He will describe his "Explorations in the Colombian Caqueta and Brazillian Amazon...