Too much prosperity brought indifference and lax management and the finances of the road were showing a decided deterioration when the French took up the Canal problem. One of the chief values of the franchise granted by New Granada and afterward renewed by Colombia was the stipulation that no canal should be built in the territory without the consent of the railroad corporation. With this club the directors forced the French to buy them out, and when the rights of the French Canal company passed to the United States we acquired the railroad as well. [Illustration: THE SOULFUL EYES OF THE TROPICS] It is now Uncle Sam’s first essay in the government ownership and operation of railroads. Extremists declare that his success as a manager is shown by the fact that he takes a passenger from the Atlantic to the Pacific in three hours for $2.40, while the privately owned Pacific railroads take several days and charge about $75 to accomplish the same result. There is a fallacy in this argument somewhere, but there is none in the assertion that by government officials the Panama Railroad is run successfully both from the point of service and of profits. Its net earnings for the fiscal year of 1912 were $1,762,000, of which about five-sixths was from commercial business. But it must be remembered that in that year the road was conducted primarily for the purpose of Canal building--everything was subordinated to the Big Job. That brought it abnormal revenue, and laid upon it abnormal burdens. The record shows however that it was directed with a singular attention to detail and phenomenal success. When passenger trains must be run so as never to interfere with dirt trains, and when dirt trains must be so run that a few score steam-shovels dipping up five cubic yards of broken rock at a mouthful shall never lack for a flat car on which to dump the load, it means some fine work for the traffic manager. The superintendent of schools remarked to me that the question whether a passenger train should stop at a certain station to pick up school children depended on the convenience of certain steam-shovels and that the matter had to be decided by Col. Goethals. Which goes to show that the Colonel’s responsibilities are varied--but of that more anon, as the story-tellers say. [Illustration: MARKET DAY AT DAVID]