Spooner Act

481)[1] was written by a United States senator from Wisconsin, John Coit Spooner, enacted on June 28, 1902, and signed by President Roosevelt the following day.

It authorized purchasing the assets of a French syndicate called the Compagnie Nouvelle du Canal de Panama, provided that a treaty could be negotiated with the Republic of Colombia.

US lawyer William Nelson Cromwell subsequently received a commission of $800,000 for his lobbying.

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