Panama and the canal in picture and prose .. . d ot lock construction. The space within these two walls will be filled with dirt and cement. The groundon either side will be inundated, forming a small lake through which the Canal passes. THE FIRST IMMEDIATE ADVANTAGE OF THE CANAL 381 is scarcely a more forced construction than the oneappHed in order to make it appear that we may notfree our own ships in purely domestic trade fromcanal tolls. The fundamental principle controlling the amountof the tolls is to fix them at such a figure as tominimize thecompetitionof Suez. Com-merce pro-ceeds by t
Panama and the canal in picture and prose .. . d ot lock construction. The space within these two walls will be filled with dirt and cement. The groundon either side will be inundated, forming a small lake through which the Canal passes. THE FIRST IMMEDIATE ADVANTAGE OF THE CANAL 381 is scarcely a more forced construction than the oneappHed in order to make it appear that we may notfree our own ships in purely domestic trade fromcanal tolls. The fundamental principle controlling the amountof the tolls is to fix them at such a figure as tominimize thecompetitionof Suez. Com-merce pro-ceeds by thecheapestroute. Someslight advan-tage may ac-crue to thePanama routeif the govem-m e n t can make such contracts with American mines as to beable to furnish coal at the Isthmus at a price mate-rially less than is charged at Suez. The estimates,supplied by Prof. Johnson, of probable commercehave been based on a price for coal at Cristobal orColon of $5 a ton and at Balboa of $ a ton. Atthe time the prices for coal at Port Said on the Suez. Canal were from $ to $ a ton. This, pluscheaper tolls, will give Panama a great advantageover Suez. The first immediate and direct profit accruing tothe people of the United States from the Canal willcome from the quick, short and cheap communica-tion it will af-ford betweenthe easternand westerncoasts of whothink of pas-senger sched-ules when^ they speak of POLING OVER THE SHALLOWS communica-tion betweendistant cities will doubtless be surprised to learnthat on freight an average of two weeks will besaved by the Canal route between New York andSan Francisco. The saving in money, even shouldthe railroads materially reduce their present trans-continental rates, will be even more now for many classes of freights there is a
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Keywords: ., bookauthorabbotwil, bookcentury1900, bookdecade1910, bookyear1913
