The Panama CanalHaskin, Frederic J. (Frederic Jennings)
History
The Panama Canal
Haskin, Frederic J. (Frederic Jennings)
Panama Canal (Panama)
One of the narrowest parts of the Isthmus is that lying between the
present Panama Canal route and the South American border. Three routes
were proposed in this section, known as the Atrato River route, the
Caledonia route, and the San Blas route. It was found that a canal
built along any one of these routes would require a tunnel. The
estimated cost of building a tunnel 35 feet deep, 100 feet wide at the
bottom, and 117 feet on the waterline, with a height of 115 feet from
the water surface, the entire tunnel being lined with concrete 5 feet
thick, would approximate $22,500,000 a mile. The cost of building a
canal along one of these routes would have been greater than that of
building either the Nicaragua Canal or the Panama Canal.
The question of an Isthmian Canal will probably be forever set at rest
at no distant date. In an effort to forestall for all time any
competition in the canal business across the American Isthmus,
negotiations are now under way whereby the United States seeks to
acquire the exclusive rights for a canal through Nicaragua, just as it
now possesses exclusive rights for a canal through the Republic of
Panama. The conclusion of the work at Panama will end the efforts of
four centuries to open up a shipway from the Atlantic to the Pacific
across the American Isthmus.
CHAPTER XVII
THE FRENCH FAILURE
One writes of "the French failure" at Panama with a consciousness that
no other word but failure will describe the financial and
administrative catastrophe that humbled France on the Isthmus, but at
the same time with the knowledge that failure is no fit word to apply
to the engineering accomplishments of the French era.
The French fiasco ruined thousands of thrifty French families who
invested their all in the shares of the canal company because they had
faith in de Lesseps, faith in France, and faith in the ability of the
canal to pay handsome returns whatever might be its cost. The failure
itself was due primarily to the fact that de Lesseps was not an
engineer, but a promoter. The stock sales, the bond lottery, the pomp
and circumstance of high finance, were more to him than exact surveys
or frank discussion of actual engineering problems.
From the first, de Lesseps ignored the engineers. The Panama
proposition was undertaken in spite of their advice, and at every turn
he hampered them by impossible demands, and by making grave decisions
with a debonair turn of the hand.
The next factor in the failure was corruption. Extravagance such as
never was known wasted the sous and francs that came from the thrifty
homes of that beautiful France. Corruption, graft, waste--there was
never such a carnival of bad business.
Public-domain text, read in full here on John Shaqi.
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