Denmark is planning extensive shipping facilities in its beautiful harbor of Charlotte Amalia on the Island of St. Thomas. This island, which commands one of the principal passages from the Atlantic to the Caribbean Sea, might to-day be a possession of the United States had this Government been willing to buy it when Denmark was anxious to sell. It was here that the bold pirates of the _Spanish Main_ hid their crews in the all but landlocked harbor, and waited for the shipping which passed through Mona passage. Here Bluebeard's castle still stands a mute reminder of the romantic days when buccaneers dominated the _Spanish Main_. The north coast of South America also expects to figure largely in the new commercial map. The northern cities of Venezuela are on the route from eastern South America through the canal, and on one of the natural routes from Pacific ports to Europe. Nowhere else in the world will one find a more delightful climate or a more picturesque city or scenery than in northern Venezuela. Caracas, the capital, is but two hours' ride from the port of La Guaira, and less than a day's journey from Puerto Cabello, and, while the commerce which may be developed in Venezuela will, for the most part, find its outlet to the sea through the Orinoco River, La Guaira and Puerto Cabello will always prove attractive ports of call for passenger-carrying ships. The changes in the commercial situation of Asia and the Americas, brought about by the opening of the canal, will be many. There will be a sudden readjustment of existing trade routes and this will be followed by a long era of development of new conditions, which will be so gradual as to be almost imperceptible, and yet so immense as to excite the wonder of humanity when it stops to reckon its full effect and meaning. CHAPTER XXXI AMERICAN TRADE OPPORTUNITIES The great development of the southern part of the New World, extending from the Rio Grande to the Strait of Magellan, certain to take place as a result of the opening of the Panama Canal, spells opportunity for American commercial expansion. This vast territory, covering an area nearly three times as great as that of the United States, has a population of only 50,000,000. Its resources have been merely scratched on the surface. Its potentialities, acre for acre, are as great as those of the United States.