The Panama Canal: A history and description of the enterpriseMills, J. Saxon (John Saxon)
Philosophy
The Panama Canal: A history and description of the enterprise
Mills, J. Saxon (John Saxon)
Panama Canal (Panama)
I have already alluded to the question of coal in connection with the
new canal. All the new routes will have to be cheaply and abundantly
"coaled," or they will be at a great disadvantage in the competition for
traffic with Suez. The Isthmian Canal Commission of 1899-1901 pointed
out that the coaling stations at San Francisco, Seattle, and Vancouver
will in the future bear about the same relation to the route _via_ the
Panama Canal to the Orient as the coaling stations at or near the Suez
Canal bear to the route from Europe _via_ Suez to the Orient. Among the
Pacific Islands, at Colon and Panama, and among the West Indies coal
will have to be stored in big quantities for the tramps and liners and
warships which will soon be drawn along these seaways by the new canal.
British Columbia has coal illimitable, and this interest alone ought to
be quickly and mightily developed in the coming years. Happily there are
men of imagination and public spirit in this great Pacific province of
the empire who understand what the canal means to it in future wealth
and welfare, and are preparing its people to take advantage of the new
opportunities. Let an eloquent British Columbian, Dr. Vrooman again,
open for us the broad and bright prospect:--
New markets will be found on the Atlantic for British
Columbia lumber and paper. This new large demand will
increase the price. But the saving of freight is an enormous
item. The present freight-rates from Vancouver to Liverpool
are sixteen dollars per 1,000 feet. The canal will give
British Columbia a rate of about eight dollars per 1,000
feet. This difference per 1,000 will add to the value of
British Columbia timber destined for Europe. But it is for
more reasons than this that British Columbia is destined to
be a vast Imperial industrial workshop. While her
agricultural and horticultural possibilities are far beyond
what is generally supposed, British Columbia is in natural
resources and raw materials of industry one of the richest
areas on the globe. But above all is she rich in mechanical
power--water-power and coal. These are about to be opened up
and developed. Their development soon will be beyond
computation, for, roughly speaking, there is not an
investment in British Columbia to-day which will not be
directly increased in value by the new canal; but also much
indirectly in the impetus given to development. This one
thing--this canal--costing us nothing--will double,
quadruple, and quintuple values out there in a few brief
years. With easier access will come new trade, and new
demands will create new products, and soon the innumerable
water-powers of British Columbia will start the wheels of a
thousand new industries. The illimitable resources of the
province will be opened up, developed, and utilized at home
or shipped abroad.
Public-domain text, read in full here on John Shaqi.
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