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Fourthly, on the eve of Tubman's inauguration, President Barclay<br />

put an end to Liberia's ambiguous monetary system in which both<br />

British and American currencies were used by declaring the U.S.<br />

dollar sole legal tender in the country. By granting the right<br />

to freely export capital (dollars) from Liberia to any part of<br />

the world, Tubman expected to attract many American businessmen.<br />

<strong>The</strong> first group of investors did in fact consist almost entirely<br />

of U.S. businessmen. Later, partly as a result of the dollar<br />

shortage in Europe, investors from the Old World began to show<br />

an interest in Liberia.<br />

One of the greatest obstacles which Liberian Presidents before<br />

William Tubman had encountered in their attempts to open up the<br />

country to foreign capital had been the relations with the tribal<br />

population. <strong>The</strong>se were characterised by an enormous gap between<br />

those who governed and those who were governed.<br />

Since the creation of the Republic in 1847 the political power,<br />

and before the arrival of the Firestone Company in 1926 also<br />

the economic power, had always been in the hands of a small minority,<br />

originally called the Pioneers or the Settlers, later<br />

referred to as Americo-Liberians. <strong>The</strong> tension between this<br />

group on the one hand and the tribal population on the other<br />

had only increased and become more widespread as a result of<br />

the disputed acquisition of tribal lands by the Monrovia based<br />

Government, the forcible annexation of tribal lands and communities,<br />

the imposition of allegedly unjustified and discriminatory<br />

taxes, retaliatory expeditions of Government forces to revolting<br />

tribal people, the exclusion of indigenous people from<br />

public offices and, until the beginning of the present century,<br />

from citizenship. Not until 1907 were tribal people granted citizenship<br />

by an amendment of the Constitution. In general, the<br />

attitude of the ruling Amerieo-Liberian elite when dealing with<br />

their "uncivilized subjects" was one of superiority. This, and<br />

a system of "apartheid" created by the Liberian Legislature<br />

which consisted of different laws for the coastal counties<br />

where virtually all Americo-Liberians lived and the Hinterland -<br />

which covered the territory of the Republic beyond these coastal<br />

counties and which was inhabited by tribal Liberians - explains<br />

the notorious resistance put up particularly by the Gola in the<br />

area west of the St. Paul River, and by the Kru and Grebo in<br />

the eastern part of the country. This resistance against the<br />

authority of the central government was not broken until the<br />

193O's during the Administration of President Edwin Barclay.<br />

<strong>The</strong> opening of the country to foreign capital, the "<strong>Open</strong> <strong>Door</strong><br />

Policy", could well be regarded as one leg sustaining President<br />

Tubman's policy of development of the country, the other being<br />

the "National Unification Policy".<br />

This characteristic of Tubman's general policy was not very<br />

original either. In 1904 President Barclay had already stated:<br />

"Ue cannot develop the interior effectively until a satisfactory<br />

understanding with the resident populations is arrived<br />

at," (6)

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