COST OF PANAMA CANAL.
FEELING AGAINST LOCK PLAN. I (By Teleerapli—Press Association—Oopyrlj.'nu New York, November 26. ' The total cost of the Panama. Canal, including •£59,400,000 sterling for the actual cost of, construction, is. officially • estimated at >675,000,000, which is 50 per cent, above the original . estimate. . ■ There ! is a growing feeling in America against -the lock plan. '~ [Tho advocates of tho sea-level canal maintain that the greater first cost; as compared with the lock type would be rapidly saved in cost of maintenance. The consulting engineers favoured a , sea-level; canal, but a committee reported in 190G in favour; of. the lock type, and President Roosevelt was, reported as concurring, 'Tho scheme is to dam the' Chagres River and form a great inland .lake, 85 feet above sea-level,' and reached on either 6ido by three locks. The main risks':are tho liability of tho Chagres to tropical floods, and the alleged unsoundness of the dam foundations.]
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Dominion, Volume 3, Issue 676, 29 November 1909, Page 7
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154COST OF PANAMA CANAL. Dominion, Volume 3, Issue 676, 29 November 1909, Page 7
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