Word: balboa
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...hold on the Caribbean not only might close the Canal and shut off the Fleet in the Pacific; by destroying the Canal he might also cut off naval elements in the Atlantic from the Navy's great base on the Pacific side of the Canal at Balboa. And while the Pacific Fleet was exhausting fuel and losing time going around the Horn-a 48-day run-he could make sea and air raids on the continental U. S., might possibly even grab Bermuda, only 700 miles from New York and Philadelphia...
Last week in Balboa, Canal Zone, local poets competed in a 15-Balboa ($15) prize contest for "the most appropriate poem." Occasion: the Panama Canal's 2 5th birthday. The milestones of the canal, stretching over four centuries of history, now include...
...when on a peak in Darien, Vasco Nunez de Balboa, after slogging through malarial jungles, emerged in sight of the Pacific. First man to hit upon the idea of an interoceanic canal was Balboa's companion, Alvaro de Saavedra Ceron...
...report made by engineers to Charles V of Spain, Balboa's royal master. Its gist: such a project was beyond the world's collective engineering knowledge...
...Ratified (65 to 15) the long-delayed new treaty with Panama,* clarifying the U. S right to defend the Canal, upping Canal Zone rental from 250,000 to 430,000 balboas per annum. One balboa equals the gold value of one Roosevelt dollar (59.06?). The effect: Panama won her demand to get her canal rent from 1934 in old (100?) dollars instead of devalued (59?) dollars, became the only creditor on whom the U. S. has not succeeded in welching by devaluation...