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The engineer, when he prepared the designs, estimated that an outlay of L78,000, or $390,000, would be incurred. As a matter of fact, the building cost only L59,255, or $296,275, and a saving of L18,000, or $90,000, in a work of this magnitude is no mean achievement. All things considered, the Eddystone is one of the cheapest sea-rock lights which has ever been consummated.
They are set forth in Woolsey's International Law, and in his article in Johnson's Encyclopedia, "Monroe Doctrine;" also in Webster's writings, Vol. III. p. l78, and in Calhoun's "Speech on the Panama Question." See also Foster, A Century of American Diplomacy, Chap.
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