. History of the Panama canal; its construction and builders . ans subsidize theirships very heavily—(an event which is notlikely to take place)—there is no reason why England should not monopolize thegreater part of the traffic through the Pan-ama Canal. There are many long and expensive rail-ways crossing the American continent fromthe east to the west. The railroad interestsare very important, and their influence isvery great in politics. It is safe to saythat they will protect their interests byblocking every effort to subsidize Americanships. I think it is also safe to assert that Amer-ic
. History of the Panama canal; its construction and builders . ans subsidize theirships very heavily—(an event which is notlikely to take place)—there is no reason why England should not monopolize thegreater part of the traffic through the Pan-ama Canal. There are many long and expensive rail-ways crossing the American continent fromthe east to the west. The railroad interestsare very important, and their influence isvery great in politics. It is safe to saythat they will protect their interests byblocking every effort to subsidize Americanships. I think it is also safe to assert that Amer-ica, when she decided to execute the great-est and the most expensive engineeringfeat that the world has ever known, wasinfluenced by something which was notaltogether for the benefit of commerce;there was another factor in the equation,and that was to enable her to shift her bat-tleships quickly from one side of the con-tinent to the other. Had no danger loomedup in the Far East, the canal would nothave been opened in the early part of thepresent
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