The opening of the canal has greatly increased the effectiveness of the Navy of the United States. It has reduced the distance between the central points of the Atlantic and Pacific coasts from 13,000 to 5,000 miles and greatly reduced the problem of coaling on a cruise from coast to coast. It has made possible the concentration of a fleet at either entrance of the canal which, with a cruising speed of fifteen knots, could reach the center of the Pacific coast in nine days and the center of the Atlantic coast in five days. Where, formerly, the fleets stationed opposite the middle of each coast were, from a cruising point of view, as far apart as opposite sides of the world, they are now as near as if one were off New York and the other off Buenos Aires. With regard to the monetary saving to the United States resulting from the availability of the canal for naval use, it is apparent that the distance and time between the coasts have been reduced to less than two-fifths of the former figures. The cost of coast-to-coast movements is reduced accordingly, for though vessels of the Navy pay tolls, such payment is in effect a transfer of money from one branch of the government to another. The strategic importance of the canal is inestimable from a monetary standpoint. The Great Canal. The Isthmus of Panama runs east and west and the canal traverses it from Colon on the north to Panama on the south in a general direction from northwest to southeast, the Pacific terminus being twenty-two miles east of the Atlantic entrance. The principal features of the canal are a sea-level entrance channel from the east through Limon Bay to Gatun, about seven miles long, five-hundred-foot bottom width and forty-one-foot depth at mean tide. At Gatun the eighty-five-foot lake level is obtained by a dam across the valley. The lake is confined on the Pacific side by a dam between the hills at Pedro Miguel, thirty-two miles away. The lake thus formed has an area of 164 square miles and a channel depth of not less than forty-five feet at normal stage.