US Presidency
1884

The terms of the treaty as to the protection of the canal, while scrupulously confirming the sovereignty of Nicaragua, amply secure that State and the work itself from possible contingencies of the future which it may not be within the sole power of Nicaragua to meet. From a purely commercial point of view the completion of such a waterway opens a most favorable prospect for the future of our country. The nations of the Pacific coast of South America will by its means be brought into close connection with our Gulf States. The relation of those American countries to the United States is that of a natural market, from which the want of direct communication has hitherto practically excluded us. By piercing the Isthmus the heretofore insuperable obstacles of time and sea distance disappear, and our vessels and productions will enter upon the world's competitive field with a decided advantage, of which they will avail themselves.