It was undertaken independently of any canal scheme, but it exercised a
profound effect upon the fate of subsequent schemes. The facilities
which the railway afforded determined de Lesseps's choice of route, and
de Lesseps ploughed so deeply that those who came after him have found
themselves constrained to follow his furrow. The "New World" is in fact
no longer new, and its statesmen now have to solve problems presenting
historical as well as physical factors.
The American Civil War interrupted the prosecution of canal schemes, but
the examination of routes was recommenced by the United States
Government in 1866, a Commission finally reporting in 1876[1] in favour
of the Nicaraguan route.
[1] The report, however, was not published until 1879.
In 1869 the Suez Canal was opened for traffic. Immediately, the route by
Panama ceased to be the shortest from Europe to any part of the East
Indies. The importance of that route to Asia was thus greatly reduced as
far as Europe was concerned, but, relatively, its importance to the
United States was increased, for the Suez Canal does not shorten the
Asiatic voyage from New York, Boston, or New Orleans to the same extent
as it does for European ports.
The Old World had been severed into halves by the enterprise of one man,
and that man no potentate, but merely one possessing the gift of
persuasion. By his achievement, which was immediately crowned by
financial success, Ferdinand de Lesseps suddenly became possessed of
powers such as are not always at the disposal of the Governments even of
great countries. He decided himself to sever the barrier between the
Atlantic and Pacific Oceans, convened a "Congress" at Paris in 1879, and
inaugurated in 1881 the _Compagnie Universelle du Canal Inter-océanique
de Panama_. He had decided to adopt the Panama route on account of the
facilities afforded by the railway. The money was mainly subscribed in
France. The American railway company was bought out at the enormous
price of $25,500,000, and in the course of the next eight years a large
part of the work required for a tide-level canal was well executed on
sound lines by the genius of the French, who are excelled by none in the
arts of the civil engineer. The exact proportion which the French work
bears to that since accomplished by the American Government will be
shown later. The engineers now on the Isthmus are full of praise for the
work of the French engineers, and their wonder daily grows both at its
quantity and its ingenuity. It is only those at a distance, or
ill-informed, who have belittled these achievements. Unfortunately, the
French engineers were not properly supported. De Lesseps, if he were
ever a practical man, had certainly ceased to be so since his first
great success. A practical man is one who counts the cost of everything
he is about to do. De Lesseps no longer counted cost. He had become as
one believing in his star. His actions remind us of those of some of
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