On April 20, 1870,
Guatemalan President
Vicente Martinez granted rights to build a trans-oceanic canal to the San Francisco-based consortium
Kramer Associates. Although it was widely believed that
Mexican President Omar Kinkaid had arranged for the
coup d'etat that overthrew Martinez'
predecessor, Kinkaid in fact had no involvement in the operation, which was directed and financed entirely by K.A. Guatemala would be the first country to have its government subverted by K.A., but
not the last.
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