Panama and the canal in picture and prose .. . for the main-tenance of the highest usefulness of the PanamaCanal affects other routes, notablyLong Island Sound. It is denouncedby the railroads and has doubtlesschecked to some extent Americanshipbuilding, but it is neverthelessthe only apparent weapon against avery real and harmful device in therailroads efforts to maintain highrates. The question of the tolls to becharged for passage through theCanal is one that has evoked a some-what acrimonious discussion, the endof which is not yet. About theamount of the toll there was littledispute. It wa
Panama and the canal in picture and prose .. . for the main-tenance of the highest usefulness of the PanamaCanal affects other routes, notablyLong Island Sound. It is denouncedby the railroads and has doubtlesschecked to some extent Americanshipbuilding, but it is neverthelessthe only apparent weapon against avery real and harmful device in therailroads efforts to maintain highrates. The question of the tolls to becharged for passage through theCanal is one that has evoked a some-what acrimonious discussion, the endof which is not yet. About theamount of the toll there was littledispute. It was determined by tak-ing the cost of maintenance of theCanal, which is estimated at about $4,000,000 an-nually, and the interest on its cost, about $ro,ooo,-000 a year, and comparing the total with the for the first year at 10,500,000 tons, with an increaseat the end of the first decade of operation to 17,-000,000, and at the end of the second decade to27,000,000 tons. The annual expenses of theCanal, including interest, approximates $14,000,-. MAIN STREET, CHORRERA Bp Bjil^:^- UBI ri^^ .,¥ Pplf jppl^^ M PARK AT DAVID amount of tonnage which might reasonably beexpected to pass through annually. Prof. EmoryR. Johnson, the government expert upon whosefigiires are based all estimates concerning canalrevenues, fixed the probable tonnage of the Canal 000, and Congress has accordingly fixed the tollsat $ a ton for freight and $ per is anticipated that these figures will cause a deficit in the first two orthree years of operation, butthat the growth of commercethrough the Canal will speed-ily make it up. In legislating upon the ques-tion of tolls Congress openedan international questionwhich has been fiercely de-bated and which remains asubject of diplomatic negotia-tion between our State De-partment and the BritishForeign Office. This was doneby the section of the law\\hich granted to American-built ships engaged in thecoasting trade the right touse the Canal wit
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Keywords: ., bookauthorabbotwil, bookcentury1900, bookdecade1910, bookyear1913
