Meanwhile several attempts had been made to get money to carry on the work, one of which was by means of a lottery. But the French people were discouraged, and were no longer prepared to throw good money after bad. It followed, therefore, that although in 1894 a new company, with a capital of sixty-five million francs, was proposed, and that it was announced in August that eight hundred workmen were engaged, it does not appear that anything is being done. If, as has been stated, only a third of the work has been accomplished for, say, thirty millions, allowing for waste of money, it can hardly be expected that double this amount will ever be obtained. What with the heavy floods and rank vegetation, a great deal will have to be done to recover lost ground; in fact, some of the excavations must be filled up by this time. Those who know the country can easily understand that the handsome bungalows, hospitals, and workmen's houses must be overrun by wood-ants, and that the machinery is mostly spoilt by rust. Even if the canal is ever finished with locks, it is doubtful whether it could pay a dividend, as the work of keeping it open by dredging would be very expensive. No doubt it would be a boon to the world if it were finished, but capitalists expect profit, and will hardly be inclined to assist without such expectations. [Illustration: EUROPE SUPPORTED BY AFRICA AND AMERICA. (_From Stedman's "Surinam."_)] The Nicaragua canal has been in course of excavation for several years past by an American Company. As finally adopted, it is to have a total length of 169.4 miles, of which 56-1/2 will be through the lake, and 64½ through the San Juan river. There are to be three locks on either side, which may cause trouble in case of a violent earthquake; and then, again, the length of the journey will be against it as compared with that of Panama. It has been attempted in the United States to make it a national work, and the sum of a hundred million dollars is asked from the American Government, or at least a guarantee on the issue of bonds to that amount. We believe that very little enthusiasm for the project has been shown. In August, 1893, the Company was unable to meet its obligations, and a receiver was appointed, since which time we believe the work is being continued, and that it has been decided to complete it as soon as possible. M. de Varigny, in _L'Illustration_ of June the 1st, 1895, gives the following opinion on the work and its political importance:-- "That the Washington statesmen take account of the fact that the cutting of the isthmus is difficult, costly, and, in case of a rupture with England, dangerous, we cannot doubt. But such is the fascination of great enterprises, of grand words and grand theories, that senators and representatives hesitate to oppose the current of opinion that is bearing along the masses.