Presidency (1904-1912)
Arthur Barclay was President from 1904 to 1912. In addition to continued internal unrest, the country faced a severe economic crisis and huge indebtedness to European creditors. In the decades after 1868, escalating economic difficulties weakened the state's dominance over the coastal indigenous population. Conditions worsened, as the cost of imports was far greater than the income generated by exports of coffee, rice, palm oil, sugarcane, and timber. Liberia tried desperately to modernize its largely agricultural economy.
In 1907, while President of the Nation, he headed the mission to arrange boundary disputes with the British and French Governments, associating with F. E. R. Johnson, Secretary of State, and T. McCants Stewart, Deputy Attorney-General of Liberia.
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Famous quotes containing the word presidency:
“Some of the offers that have come to me would never have come if I had not been President. That means these people are trying to hire not Calvin Coolidge, but a former President of the United States. I can’t make that kind of use of the office.... I can’t do anything that might take away from the Presidency any of its dignity, or any of the faith people have in it.”
—Calvin Coolidge (1872–1933)