The following is an excerpt from the Managua Daily, a noted New Spanish newspaper, from 1842, following the end of the Panama War, and the resulting the defeat in the Panama Plebescite
THE MANAGUA DAILY
AN OPEN LETTER TO THE GOVERNMENT AND PEOPLE OF THE ESTADOS UNIDOS DE NUEVA ESPAÑA
We have gone to war. We have seen its face in Panama, and fought the sons of Panama valiantly in order, our leaders say, to force them to accept democracy. Let us not fool ourselves - this was a blatant attempt at a territorial landgrab.
We had hoped that we would be victorious in the war, and use that leverage to win the plebescite and annex Panama. However, we were stymied. The Panamanians crushed us, despite our larger army and superior doctrines. Though we may disparage the New Granadans, their intervention was the only thing that stopped us from being completely defeated. It was only because they invaded and split Panama's army in half that we were able to gain any ground whatsoever.
However, it was also their fault that we lost. By invading, the New Granadans showed that they needed to be independent and stand against their aggressor. It caused a rally-around-the-flag effect - Panamanians gathered around their government and nation in order to fight against both their old enemies - New Granada - and their new ones - us. As a result, Panamanian patriotic feeling was high when they went to the polls, resulting in our defeat. Though, it was always going to be an unsuccessful war - there was no way New Spain would win the plebescite. This was a pointless war that we were dragged into by Rivera to feed his ambitions of territorial gain.
So what now? I suggest that we withdraw from these pointless wars. So far, all our ambitions of territorial gain have been all for naught. Our attempts to purchase the Yucatan from Spain ended in failure, and mild embarassment for us. Now, the Panama war has ended in huge losses of life and money, with absolutely no gain. We must withdraw from expansionism now, before we are dragged into another pointless war, and turn inwards, to development and modernisation. Thus, I credit the current Rivera Scheme, as a way to contribute to development and industrialisation of the United States of New Spain.
However, the only part of our army that experienced any success was the Navy, under my own erstwhile command. Thus, I propose we capitalise on the success and training of our fleet, and expand it. We should commit ourselves to naval expansion and make the mighty New Spanish Navy the envy of the entire Western Hemisphere.
Thus, it is these plans I propose. Withdraw from expansionism and territorial acquisition, and focus on our internal development, but maintain and expand our might fleets. I ask the Government of New Spain to take this plan on board, and the people of New Spain to elect a President who will.
Sincerely,
Admiral Eric Chavez, Admiral of the Navy of the United States of New Spain