A few years before giving up its independence, Scotland took a bold gamble to secure a brighter future, founding a colony on the isthmus of Panama to corner trade between the Pacific and Atlantic oceans.
The 1698 venture ended in tragedy, helping push Scotland into political union with England and form the United Kingdom. Yet had it succeeded, Scots might have no need to vote in the upcoming referendum on independence set for September.
Named after the gulf where modern Panama and Colombia meet, the Darien scheme was hamstrung from the start by poor planning and English opposition.
Photo: Reuters
In less than two years, disease and attacks from the Spanish Empire had wiped out more than half of the 2,800 Scottish settlers and the colony was abandoned.
Barely a shadow of it lingers in the bay known locally as Puerto Escoces (Scottish Harbor), where the Scots founded the colony of New Caledonia with an initial contingent of 1,200 settlers.
“There’s nothing there now. Nothing,” said Amalio Hackin, 47, a former Puerto Escoces resident and ethnic Kuna, an indigenous people who in 1700 fought with the Scots against the Spanish, then the dominant colonial power in Central America.
Instead of the chatter of Scottish voices, only the shrill drone of cicadas can be heard in the mosquito-ridden jungle where the Scots once dreamed of building a town called New Edinburgh.
Mangroves and mud flats have devoured the site, and among the spider webs, giant palms and tangle of creepers that fill the jungle, mere hints of forgotten dwellings appear in clearings.
After the colony failed, Scotland in 1707 signed the Act of Union with England, swapping independence for shared trading rights, representation in Westminster and money — much of it to compensate the stricken shareholders of the Darien scheme.
Few seriously argue that the Sept. 18 vote on independence called by the separatist Scottish National Party (SNP), which runs Scotland’s devolved regional government, implies the same risk.
Yet that has not stopped some of the party’s critics from raising the specter of Darien to flag the perils of independence, which all the main parties in the British parliament oppose.
Time, and Scotland, have moved on, the party says.
“Scotland has a long history as an outward-looking, adventurous, enterprising nation, and the Darien episode is part of that story, but we have come a long way since the days of late 17th-century colonialism,” said a spokesperson for the SNP government’s minister of external affairs, Humza Yousaf.
In 1979, archaeologists uncovered relics of the colony, during an excavation of its old fort, but the jungle soon reclaimed the site.
Today, even in Caledonia, an island village of bamboo huts a few kilometers offshore that is also known as Coedub, local Kuna know nothing of how their forebears fared with the Scots.
Seated on hammocks in their congress hall, hat-wearing Caledonian elders mixed Edinburgh up with Hamburg, were unsure about Scotland’s location and chuckled at a description of kilts.
However, Caledonian chief Aristoteles Cabu and the elders listened closely to the tale of why the Scots came.
“Thank God for sending them home again,” the 71-year-old Cabu said finally. “Things would have been different here.”
Darien’s mastermind was William Paterson, a Scot who played a pivotal role in the foundation of the Bank of England in 1694.
A year later, Paterson helped create the Company of Scotland Trading to Africa and the Indies to run the colony he hoped would be a “door of the seas and key of the universe” for a nation hit by economic crisis, famine and English trade curbs.
English investors were initially due to take part in the company, but, worried that it would hurt England’s trading interests and upset Spain, King William III pressured them to withdraw.
His opposition angered the Scots, whose crown — but not parliament crown — was united with England in 1603 when William’s great-grandfather, James VI of Scotland, became king of England.
Still, Paterson was an astute salesman and the Company of Scotland raised £153,448 (US$257,831 at current exchange rates) from a broad sweep of investors ranging from landowners to merchants, said Douglas Watt, author of The Price of Scotland, a 2007 book about the Darien scheme.
Though the sum fell short of the amount initially pledged, it was probably equivalent to about 20 percent of the liquid wealth in Scotland at the time, Watt added.
Wealth is conspicuously absent in Caledonia, part of a semiautonomous Kuna homeland. Running water is limited, electricity arrived a year ago and toilets are holes giving into the sea.
Problems began before the Scots had even left for Darien, with the Company of Scotland overpaying for ships and losing a large sum to fraud. By the time the first five vessels arrived, disease had claimed dozens of lives and the toll soon mounted.
The directors reported that “in fruitfulness this country seems not to give place to any in the commercial world,” but food was scarce and trading the cloth, linen and other goods the Scots brought proved hard. Spanish attacks added to their woes.
King William dealt the final blow, ordering nearby English colonies to deny any assistance to the Scots. In June 1699, the exhausted survivors left New Caledonia for New England — very few of them ever saw Scotland again.
To some modern academics like Watt, the Darien scheme was “vastly optimistic” and was never going to succeed.
“It was the wrong location. Scotland was a minor power, it didn’t have the naval backup to control areas in Central America. And all the capital was put into this one venture,” he said. “It’s a very early example of a huge corporate cock-up.”
Other experts are less sure.
Helen Paul, an economic historian at Southampton University, said that many colonial ventures faced similar hardships, but some replaced their dead in time to survive. Darien might have done the same if William III had not “stuck in the knife,” she added.
News of the disaster was slow to reach Scotland and more settlers set sail for Darien in the summer of 1699. There they met stiffer resistance from Spain and were forced out by April 1700.
Now, their last traces are vanishing. In 2011, the Panamanian Congress changed the name of Puerto Escoces to Puerto Inabaginya in honor of a Kuna hero from a village nearer to Panama City.
However, the measure did not get Caledonia’s vote.
“It’s dirty politics,” Caledonian village clerk Apolonio Arosemena said. “The correct name is Puerto Escoces.”
Hon Hai Precision Industry Co (鴻海精密) yesterday said that its research institute has launched its first advanced artificial intelligence (AI) large language model (LLM) using traditional Chinese, with technology assistance from Nvidia Corp. Hon Hai, also known as Foxconn Technology Group (富士康科技集團), said the LLM, FoxBrain, is expected to improve its data analysis capabilities for smart manufacturing, and electric vehicle and smart city development. An LLM is a type of AI trained on vast amounts of text data and uses deep learning techniques, particularly neural networks, to process and generate language. They are essential for building and improving AI-powered servers. Nvidia provided assistance
STILL HOPEFUL: Delayed payment of NT$5.35 billion from an Indian server client sent its earnings plunging last year, but the firm expects a gradual pickup ahead Asustek Computer Inc (華碩), the world’s No. 5 PC vendor, yesterday reported an 87 percent slump in net profit for last year, dragged by a massive overdue payment from an Indian cloud service provider. The Indian customer has delayed payment totaling NT$5.35 billion (US$162.7 million), Asustek chief financial officer Nick Wu (吳長榮) told an online earnings conference. Asustek shipped servers to India between April and June last year. The customer told Asustek that it is launching multiple fundraising projects and expected to repay the debt in the short term, Wu said. The Indian customer accounted for less than 10 percent to Asustek’s
‘DECENT RESULTS’: The company said it is confident thanks to an improving world economy and uptakes in new wireless and AI technologies, despite US uncertainty Pegatron Corp (和碩) yesterday said it plans to build a new server manufacturing factory in the US this year to address US President Donald Trump’s new tariff policy. That would be the second server production base for Pegatron in addition to the existing facilities in Taoyuan, the iPhone assembler said. Servers are one of the new businesses Pegatron has explored in recent years to develop a more balanced product lineup. “We aim to provide our services from a location in the vicinity of our customers,” Pegatron president and chief executive officer Gary Cheng (鄭光治) told an online earnings conference yesterday. “We
LEAK SOURCE? There would be concern over the possibility of tech leaks if TSMC were to form a joint venture to operate Intel’s factories, an analyst said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday stayed mum after a report said that the chipmaker has pitched chip designers Nvidia Corp, Advanced Micro Devices Inc and Broadcom Inc about taking a stake in a joint venture to operate Intel Corp’s factories. Industry sources told the Central News Agency (CNA) that the possibility of TSMC proposing to operate Intel’s wafer fabs is low, as the Taiwanese chipmaker has always focused on its core business. There is also concern over possible technology leaks if TSMC were to form a joint venture to operate Intel’s factories, Concord Securities Co (康和證券) analyst Kerry Huang (黃志祺)