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Updated: April 30, 2025
Ferdinand de Lesseps, French engineer who had built the Suez Canal, presides. The route selected is that through Panama, between Colon and Panama. The Universal Company of the Panama Interoceanic Canal is incorporated. De Lesseps is made chief engineer. He calculates that the canal can be built in eight years, at a cost of $127,000,000. Shares in the company are widely sold.
Gompers, Mitchell, and Morrison, in the Buck Stove controversy, was conducted with the aid of a press bureau, as one of the lawyers in the case informed me. Whenever such a question comes before the people as the choice between the Nicaragua and Panama routes for the interoceanic canal, a press bureau is usually an important factor in the campaign.
The joint commission under the act of the last session for carrying into effect the convention with Peru on the subject of claims has been organized at Lima, and is engaged in the business intrusted to it. Difficulties concerning interoceanic transit through Nicaragua are in course of amicable adjustment.
Cass, who, while Secretary of State, in 1858, announced that "what the United States want in Central America, next to the happiness of its people, is the security and neutrality of the interoceanic routes which lead through it."
The lapse of years has abundantly confirmed the wisdom and foresight of those earlier Administrations which, long before the conditions of maritime intercourse were changed and enlarged by the progress of the age, proclaimed the vital need of interoceanic transit across the American Isthmus and consecrated it in advance to the common use of mankind by their positive declarations and through the formal obligation of treaties.
The object of the convention between the United States and Great Britain of the 19th of April, 1850, was to secure for the benefit of all nations the neutrality and the common use of any transit way or interoceanic communication across the Isthmus of Panama which might be opened within the limits of Central America.
To the Senate and House of Representatives: I transmit a report from the Secretary of State, embodying the substance of recent communications made by the minister of Her Britannic Majesty to the Department of State on the subject of the interoceanic canal by the Nicaragua route, which formed the chief object of the treaty between the United States and Great Britain of the 19th April, 1850, and the relations of Great Britain to the protectorate of Mosquito, which she expresses herself desirous of relinquishing on terms consistent with her honorable engagements to the Indians of that name.
The claim of this nation in regard to the supervision and control of any interoceanic canal across the American Isthmus has continued to be the subject of conference. It is likely that time will be more powerful than discussion in removing the divergence between the two nations whose friendship is so closely cemented by the intimacy of their relations and the community of their interests.
He was one of the most delightful and agreeable of men if you agreed with him on any question, but he was so intense on any subject in which he took an interest, particularly anything pertaining to the interoceanic canal, that he became almost vicious toward any one who opposed him.
Again: the Grange has consistently urged the construction and ownership of the Interoceanic Canal by the United States government; but it was silent on the larger question of "imperialism," not because the question was not of importance, but because it became a subject of party controversy.
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