Addresses and papers on life insurance and other subjects . oss. It is not atheory that this business is national in extent and character,but an incontrovertible fact readily within the comprehensionof any one who will carefully consider the vast extent of thebusiness operations and the true character of insurancetransactions. It is upon this ground that the advocates ofFederal supervision rest their arguments and anticipate afavorable ruling from the Supreme Court in the event of theconstitutionality of a law to this effect being brought to a great interest is entitled to recognitio


Addresses and papers on life insurance and other subjects . oss. It is not atheory that this business is national in extent and character,but an incontrovertible fact readily within the comprehensionof any one who will carefully consider the vast extent of thebusiness operations and the true character of insurancetransactions. It is upon this ground that the advocates ofFederal supervision rest their arguments and anticipate afavorable ruling from the Supreme Court in the event of theconstitutionality of a law to this effect being brought to a great interest is entitled to recognition by the Federalgovernment. It needs the governments prudent, consistentand effective supervision. It is not confined in its operationseven to the limits permitted to our flag. It is inseparablyinterwoven with our national prosperity on land and this question is disposed of wisely and permanently itis a matter that will not be laid at rest. 215 Chapter XI THE AMERICAN TYPE OF ISTHMIAN CANAL SPEECH IN THE SENATE OF THE UNITED STATES JUNE 14, 1906. THE AMERICAN TYPE OFISTHMIAN CANAL It is a subject upon which opinions will differ and upon which honest con-victions may be widely at variance, but in a question of such surpassing import-ance to the nation, I, for one, shall side with those who take the American pointof view, place their reliance upon American experience, and show their faith inAmerican engineers. The Senate having under consideration the bill (S. 6191) to provide for theconstruction of a sea-level canal connecting the waters of the Atlantic and Pacificoceans, and the method of construction— Mr. Dryden said: ||R. President: the Panama Canal problem*has reached a stage where a decision should. be made to fix permanently the type of the(waterway, whether it shall be a sea-level or alock canal. An immense amount of evidenceion the subject has in the past and duringI recent years been presented to overwhelming amount of expert opinion has been col


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