THE PANAMA CANAL
ITS FAILURE PREDICTED.
The London oorreapondent.^of -stha 11 Otago Dally TimeH " write* :— the onoh In the Panama Canal lobeme Is said to be approauhltig very rapidly. 1 The final collapse has been temporarily postponed by the authorisation of a lottery loan by the Frenoh Government, though without any guarantee of responsibility by the State. A vast cash investment of about £50,000,000, drawn mostly from the> savings of the Frenoh poor and middle olasoes, wlli be utterly wiped.out when the Inevitable end comes ; and • terrible blow will have been Infildted oh the Frenoh nation. There is said to be no hope for the enterprise, unless one ov more of the great powers outside Fiance oome to its relief, a thing which *he united States Government might not approve of, Inasmuch aa all the pltm are prepared for the Nfqaragnan Oanal aoheme, whloh would be parried out under the direct sanction of the WashJngtott Government.
Permanent link to this item
THE PANAMA CANAL, Ashburton Guardian, Volume VII, Issue 1978, 24 October 1888
THE PANAMA CANAL Ashburton Guardian, Volume VII, Issue 1978, 24 October 1888
Using This Item
See our copyright guide for information on how you may use this title.