Remon's Monument

In the sunlit Yellow Room of Panama's presidential residence last week, representatives of the U.S. and Panama signed a treaty that the U.S. ambassador called "a monument to the enduring fame" of assassinated President Jose Antonio Remon (TIME, Jan. 17). A major revision of the Panama Canal pact of 1903, the treaty was largely Remon's handiwork. He first talked it over with President Eisenhower in Washington 16 months ago, kept watch on negotiations, obtained terms highly favorable to his country. Among other things, Panama gets: 1) an increase from $430,000 to $1,930,000 in its annuity from the U.S., 2) several parcels of valuable real estate, 3) the right to collect income taxes from some 19,000 Canal Zone employees who are not U.S. citizens.

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