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16 Palm Beach Post, Friday, November 1, 1968 12LECT Speculators Eye New Canal Site 4 1 ' can), PJ serve on an electoral commission to keep elections honest. Former President Arias, who has taken pressure off the U.S. by coming to Washington, says he will enter these elections and will win them. up. WASHINGTON, (NANA) -The power struggle now shaking Panama and shivering Washington as well is in fact a struggle over profits a group of Panamanians expect to reap from the building of a new sea-level Panama Canal. Pal. Av P9 TAX ASSESSOR ' J PALM BEACH COUNTY 1 1 1 1 i lhi 11 ii i i .lh I teed their profits, say the Id-Dor sources. Arias said he would "re-negotiate a tew details," but meant to cut the speculators out. After Arias' inauguration, he named a Vallarino protege. Col. Bolivar Urritis, to succeed as National Guard chief. Arias then cleaned out known enemies In the guard, sending several abroad on diplomatic missions. He also changed commands and prepared to create a new militarized palace guard, which would obviously counter-balance the long-standing power of the National Guard. The latter, backed by the Eleta-Lopez group, deposed Arias on Oct. 10. Arias took refuge in the Panama Canal and thus brought the U.S. strongly into the conflict. The military regime would have been in a strong position vis-a-vis the U.S. If their treasury were full. As it Is, they have promised elections and are seeking "above-the-bat-tle" personalities like former President Ricardo Alfaro to H If If I BB BB I I B I 1 1. s .-a v m t i v i u n n i 7 v i This inside story from reliable labor sources in Panama reveals that prominent politicians now backing Panama's military government have obtained direct or Indirect control over huge tracts of land in Panama's Darien region. The tracts are in and near a route for a proposed new sea-level canal that has already been surveyed by U.S. engineers. The labor informants say the plan is masterminded by Dr. Fernando Eleta, who was Panama's foreign minister until Arias took over on Oct. 1. The land speculators' hopes of gaining half a billion dollars in profits depend on their control of the administration that negotiates pending canal treaties with the U.S. Arias is their oolitical enemy and meant to hwart their plans. U.S. labor's Panama Intelligence sources also report that i'unama's treasury is distressingly low and Washington .sources confirm this. Backers ot the military blame Arias. Arias' friends say the military have looted national funds. Since Panama's government will urgently need U.S. financial help, this, gives Washington a levet in the exploslvi situation. The milltaryrtEimeN announcement o! new elections in perhaps a year inrli- i ' i ' n r : cates that Washington is using its leverage. Named by labor informants with Dr. Fernando Eleta in the land speculations are his brother, Carlos. Roberto Ale-man, whom the military asked to be foreign minister but who refused, and Carlos Lopez Guevara, who accepted the post. All opposed Arias' election. An attempt to impeach President Marcos Robles for using official resources to elect his successor early this year put Brig. Gen. Bolivar Vallarino, Panama's National Guard chief, in a key position. As commander of Panama's only military, he could make or break presidents. Under U.S. pressure, Vallarino guaranteed tree elections, which Arias won in May. Vallarino finally threw in with Arias to become Arias' military attache in Washington at a high salary and, addi-. tionally, to become military adviser to the commission that would complete negotiation of he canal treaties. Though texts were never of-;. dally published, Panamanians had leaked the terms ot reaties with the U.S. concerning the existing canal, U.S. de-'ense and U.S. rights to build a iiew sea-level canal through Panama. The Darien land speculators meant to see to it that the final terms guaran II I f I n II II II r1 II If I So much depends on it! A"S im j h i ur'iL no i ri i p ;t diput 4h riser rvi i H5r! REP. PD. POL. ADV. PO, FOR BY CAMPAIGN trea I 1 raj nciiiniuni uicunoi tunc: elect 1 I I tl. DEMOCRATIC CANDIDATE JOHN E. BORN Judge of Juvenile Court LEE K. SnpjESiWGiEglR THIS KEY COSTS M 99.95 22 YEARS OF TRANS- yL PORTATION AND BUSI- J NESS BACKGROUND ) "THE MAII MOST QUALIFIED" PiiR T X Ull i j PULL LEVER ("7 ? COMMISSIONER SUB DISTRICT 2 GROUP l Lost Vote TULSA, Okla. (AP) Henry Bellmon, a U.S. Senate candidate, may have lost a vote while campaigning in a Tulsa manufacturing plant Wednesday. Bellmon paused behind a woman operating an automatic drilling machine. As he peered over her shoulder and started to introduce himself, the machine malfunctioned. "It has never done that before," the woman said, turning to the candidate. 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