Knox's war on Zelaya

1910 Marines land in Bluefields and Corinto.
Some Context…
From 1890 to 1899 US forces invaded Nicaragua three more times. In 1896 marines attacked Corimo to 'protect American interests during political unrest'; in 1898 US troops landed at San Juan del Sur; in 1899 they were in action in Bluefields and San Juan del Norte, all under the rubric of 'protecting American lives and bridges'. Nicaraguans should have understood by this time that people in Washington, not Managua, would control their destiny.
Nevertheless, some Nicaraguans took sovereignty seriously. In the early 1900s Nicaraguan President Jose Samos Zelaya (who assumed dictatorial powers) committed a bold and, as it turned out, rather imprudent act. This crusty authoritarian nationalist refused to cede to the United States exclusive rights to build a canal, which would have included US control of a strip of Nicaraguan territory. Instead, he invited European and Japanese concerns to aid in building an interoceanic link to connect the Pacific and Atlantic Oceans. He also asked the Bank of England - not a New York bank - for a loan.
US Secretary of State Philander C. Knox took umbrage. Highly conscious of the Monroe Doctrine and the Roosevelt Corrolary to that document, which asserted US 'international police power' in the hemisphere, Knox branded Zelaya's moves as opening the door to 'European infiltration'. He angrily denounced the Nicaraguan president for even daring to think about entering into financial transactions With any but US banks. Knox's subsequent demands on the Nicaraguan government belied even the thinnest respect for its sovereignty: a ninety-nine year lease for a naval base on the Gulf of Fonseca and permanent access rights for a canal through Nicaragua. In words that presaged Reagan administration rhetoric some seventy years later, Philander Knox, in 1909, accused Zelaya of 'keeping Central America in tension and turmoil'.
The stubborn Zelaya, taking seriously the fiction of Nicaraguan independence, refused to accede to Knox's commands. The US government retaliated by destabilizing his regime. During the course of subverting Zelaya's government, two US secret agents were caught in flagrante delicto trying to dynamite Nicaraguan bridges. Zelaya ordered them to be tried. Despite US protestations, they were convicted and shot. Knox used the incident to sever diplomatic relations and send marines to Bluefields.
Knox's plan worked. As was the case in subsequent episodes of destablization, the government and the private sector cooperated. United Fruit Company donated $1 million toward the overthrow of the Zelaya government. Zelaya was forced into exile and replaced by Adolfo Diaz who, obedient to Washington's commands, canceled concessions to non-US firms and opened the door to the exaggerated claims of US banks, which then transferred to their own coffers more than half of Nicaragua's national bank assets. In 1914, as the Panama Canal opened to ships crossing between the Atlantic and Pacific, President Diaz made an offer to the United States: S3 million in exchange for 'rights in perpetuity' to any land needed to build a canal through the San Juan route in southern Nicaragua. The $3 million was handled by US-appointed commissioners to repay foreign loans, mostly to US banks, so that a mere pittance actually found its way into the Nicaraguan Treasury. The canal was never built, but the United States acquired a renewable lease for a naval base on the Corn Islands and on the Gulf of Fonseca.

THE GUERRILLA WARS OF CENTRAL AMERICA, Saul Landau