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Rh our two coasts—and those of Mexico and Central America on the way—without venturing to South America and the Far East, where a hundred years ago the sea was white with the tall sails of the Yankee clippers.

What effect will the opening of the Canal have on the Republic of Panama? The money spent there during the years when it was being built has brought great prosperity to the Isthmus, but that source of revenue will soon come to an end. It would not be surprising if a period of "hard times" were to follow, for that was what happened as soon as the Panama Railroad was finished in 1855, and travelers began to cross the Isthmus in a few hours instead of a week. Undoubtedly most of the traffic will pass through the Canal without breaking bulk, and the Panamanian merchants will have Uncle Sam to compete with in the sale of everything but picture postcards and souvenirs to tourists. But Panama has an excellent chance to become prosperous, by supplying the ships that pass through with fresh beef, fruit, and vegetables. On the broad, fertile prairies of the Province of Chiriqui (between the Canal Zone and Costa Rica), there is the best of grazing for cattle, while everything can be grown there, from bananas and oranges at the sea-level, to apples and other northern fruit in the hills. The United Fruit Company is doing a great trade at the Atlantic port of Bocas del Toro, and many Americans are beginning to settle near David, the capital of the province.

Though it has an area as big as the State of New York, with its twelve million inhabitants, the Republic