Word: canals
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Dates: during 1920-1929
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Then there is the Suez Canal problem. The Canal is owned 'by an international company operating from Paris. Its defense was undertaken entirely by Britain, and, in order to defend it, a share in the government of the Sudan was a most necessary condition. Moreover, the Suez is the "Gate to India" and Britain is never likely to relinquish the key without a considerable struggle...
...novel laboratory has been created in the Canal Zone. When the Canal was built, Gatun Dam was erected across the valley of the Chagres River. The result was the creation of not only a deep-water channel from the Gatun locks to Gaillard Cut, but also a great lake, some 164 square miles in extent, which developed from the drowning of the lands on both sides of the main channel. This body of water is known as Gatun Lake...
...Morrow, of the Canal Zone, brother of Dwight W. Morrow (a partner in J. P. Morgan & Co.), set aside Barro Colorado Island, one of the group, as a natural preserve for the wild life of the region. The island is some six square miles in area, lies only about two miles from the Isthmian Railway...
During the ten years, 28,100 vessels traversed the Canal, 25,600 of them commercial vessels. The cost to each vessel averaged about $4,000, or the cost of operating six days at sea in preference to the several weeks which it takes to go around the Horn. They carried an aggregate of 110 million tons of cargo at a cost of about 90 cents a ton in tolls. Aggregate tolls have been $100,000,000. During the last year, tolls have been $2,000,000 a month, and the net operating profit about $17,000,000 or an equivalent...
...July 28 issue of TIME, it was erroneously reported that the Panama Canal cost four billion dollars...