Essentials of United States history . typrovided that the canal, when built, should be controlled bythe United States, but that it should be opened to vesselsof commerce and of war of all nations on terms of entireequality. Thus the way was opened for our government to under-take the building of a water route between the Pacific andthe Atlantic oceans. At first the Nicaragua route wasfavored, but afterwards authority was granted by Congressto buy the franchise of the French Panama Canal Com-pany for forty million dollars. A treaty was made with McKINLEY AND ROOSEVELTS ADMINISTRATION 367 Colomb
Essentials of United States history . typrovided that the canal, when built, should be controlled bythe United States, but that it should be opened to vesselsof commerce and of war of all nations on terms of entireequality. Thus the way was opened for our government to under-take the building of a water route between the Pacific andthe Atlantic oceans. At first the Nicaragua route wasfavored, but afterwards authority was granted by Congressto buy the franchise of the French Panama Canal Com-pany for forty million dollars. A treaty was made with McKINLEY AND ROOSEVELTS ADMINISTRATION 367 Colombia, by which she was to cede to us all rights to thecanal, and our government was to pay to her ten milliondollars and an annuity of two hundred and fifty thousanddollars, beginning nine years after the ratification of the Colombian Congress refused to ratify the Treatytreaty. At that Panama rebelled and set up an withindependent republican government. The Repub- Panama-lie of Panama was recognized by our government, and a. Used by courtesy of T. C. Muller. At Work on the Panama Canal. treaty was made with it, by which we obtained the use, occu-pation, and control of the zone of land, and land under water,for the construction, maintenance, operation, sanitation,and protection of said canal of the width of ten miles. Weagreed to pay to Panama the sum of ten million treaty was ratified by our Senate February 23, building of the canal is now in the hands of a 368 ESSENTIALS OF UNITED STATES HISTORY commission of seven men, appointed by the President. TheBuilding forty million dollars has been paid to the Panamathe Canal. Canal Company, and the ten million dollars paidto the Republic of Panama. This important ship-canal willprove of immense advantage, not only to our country butto the commercial world.
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