, 1881-11-12
12rn NOVEMBER 1881 [Nr. 81.

of appointing the majority OF the Directors,
and it is to be hoped that it will soon
have the entire control of the direction
of that Company, on Il more equitable
and justitable principle than at present,
when a gentleman is made to pay $50 for
himself and $50 for his servant to cross
the lSthmuS.
The rents ofdwelling houses and places
for business III Panama have been doubled
and trebled since the commencement OF
the Canal operations, and at present there
is not a stone or Sh p to be obtained for any
price. New buildings are, however, beng
erected on the OLD ruins which have stood
for wears as monuments to the ravageS OF
the fires to which the place has so often
been subject; and there is no doubt that q
timely stop Will be put to the eXhorbitant
and fabulous rents now eXacted by prOprl-
etors. business is going OH at present on
a steady and satisfactory basis; but has
not at all increased i'll proportion to the
enormous advance in rents. There are
several old commercial firms which have
monopoliSed the trade for years past, who
still expect to keep it exclusively III their
own hands; but iii this they are as sadly
doomed 10 disappointment as those OF
mushroom standing, who III their eaSerneSS
to impose on the credulity OF strangers
by picturlng out the place as unhealthy
,and unfit for any others than those
already established i'll i) i'll order to
trigAten them away, and avoid the legltl-
mate c0mpetitiout0 Dc expected from new
Corners in business. OF Wnon they seem
10 have wholesome dread, completely
overlook the tact that i'll the event of
strangers ia.ling victims to the climate,
(aS they represent III The interment Ofthelr
remains and the sale OF their effects must
bS Il gain to the country if even through
the benefit it derived by the Undertaken
and the AuctioneeI. There is no doubt
that Panama offers a good field for shoe
makers, taii0IS, cabinet makers, carpen-
ters ana laundlesses, all Of whom are at
present particularly scarce especially the
latter) Judging from the prices charged Tor
any work that may be given to those that
are there, whom 1t Is very difficult to find.
Watch makers must also do well, consider
ing that at present Il stranger is charged
81 to have his watch set agoing, which
has been stopped by the effect OF the
climate, and only continues to go for about
II hours after it mas been repaired.
An excellent Girls School that would
tayorablY with Mrs. Hopes
Academy for young Ladies at st. Thomas
is kept by two highly respected Amerl-
can Ladies, assisted 10y the Sisters OF
Charity, whose goodly services in this
respect as well dis Ill their careful and
unremitting attention to the patients III
the Foreign Hospital, are most invalu-
able.
There is, however, great want of a good
and proper School for Boys, and such q
one as The " st. Thomas College"-con-
by the Revd. Father Dodsworth,
at st. Thomas-would be a great boOn to
the inhabitants Of Panama; and would
certainly pay Splendidly as a private
enterprise.
Mr.. G.. o. Gyllich arrived at Panama on
oath last month, accompanied by Mr..
Vivian Hosking, of the colonial Bank
Branch at jamaica, formerly Purser in
the X. M. C~Ompany'S S~ervice) as his asSis.
tant i'll the Branch of the Colonial Bank
he is about to open there, The opening
Of a Branch OF the Colonial Bank at
Panama gives much satisfaction Oh the
Isthmus, as 1t is we'll understood that
independent OF The great part it will
evidently take i'll the development of the
III OF the place, ana Which there
is no doubt must Increase DIS the work of
the Canal progresses, and the circulation
of money consequently becomes greater
and greater, it VIII be of inestlmable value
to all classes to have such an institution
where they can deposit their money for
safe Keeping. The preliminary arrange
ments Tor the opening OF the Bank were
being made by all. Gyllich, and ere this,
it has no doubt been opened to business;