THE PANAMA OR NICARAGUA ROUTE?
Frederick Levy, who has recently been appointed British consul to Vera Cruz, Mexico, after fifteen years service at Colon, Columbia, is of the opinion that the Panama route will fiually be chosen in preference to the Nicaraguan waterway. In explaining his reasons, he suid: “Work on the Panama canal has been going on without cessation ever since the collapse of the old company in 1893. About one-third of the excavation has already been accomplished. The greatest difficulties of the enterprise have been overcome, and all that is lacking is money and time. I believe it is estimated that $300,000,000 wus spent by the old company before its collapse. Siuce then, the new company which has taken up the work has been spending an average of $100,000 a month. It is estimated that it will take about $150,000,000 more to complete the project. The chief reason why the Panama route, iu the minds of many, is superior to that through Nicaragua is, because the former would not be endangered by earthquakes. If one of the locks such as are contemplated in the construction of the Nicaragua canal should be caught in an earthquake, such as are of frequent occurrence in that country, the destruction of property would be incalculable. The Panama company is accordingly going right ahead with its excavation, believing that ultimately the United States or some other commercial power will purchase the property. I believe that the work, when completed, will result in a tidewater canal from ocean to ocean, free from locks, as is a strait or other natural waterway. Another great advantage in the Panama route is, that it is the shortest possible cut betw een the two oceans.”