Word: panamas
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Dates: during 1920-1929
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...which France can pay part of her debt is to cede to us her possessions in the West Indies, which are of no use to her, but which would be of inestimable value to us as outposts to protect our coast and to protect the Panama Canal. Every one of them, to borrow a phrase of Napoleon, is a cannon pointed at the heart of the United States...
...twenty years. The greatest value of this book is the clearness with which the author demonstrates that, however many danger-spots exist today in international politics, there are few examples of friction between neighboring nations. Whether the problem concerns the Mediterranean, rivalry for the Straits, the Suex or the Panama Canal, control over the way to India, the problem of the Pacific,--each is equally important, each has an influence over the policy of the great powers and, consequently, wherever controversy becomes too strained, a great number of states are immediately involved...
...apparently illogical rates has been upheld by the Supreme Court. It is the rule in Canada, in England. It has been sustained by members of the Interstate Commerce Commission with few exceptions. The "cut rates" on long hauls are the result of competition with water routes-ocean, lake or Panama Canal. A railroad gets business in the first instance for service which water routes cannot render (service of speed, service to interior localities), for which it charges presumably a fair rate. But the more business a railroad gets, the less its operating cost per ton per mile, the greater...
Defeated in his attempt to prohibit all forms of "long and short haul," Senator Gooding promptly introduced another bill to prevent "the evil" in some particular cases. His new bill is designed to prohibit railroads from making special rates .to compete with waterways other than the Panama Canal. This will be opposed as bitterly as ever by-the Great Lakes representatives, but since it does not greatly affect rates between the Atlantic and Pacific Coasts, Senator Gooding hopes to get some support from seaboard Senators. But it is unlikely that this bill will agitate the present session...
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