The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1888-12-13
E
TIE PANAMA CANAL,

The gigantic scheme of connect
ing the Atlantic and Pacific Oceans
by means of canal through which
the largest ships may pass, is of in
terest to the entire civilized world.
The most conflicting reports con-
cerning progress already made by
M. de Lesseps and the possibilities,
or otherwise, of the work being COM
plcted, appear from time to time in
the European and American news
papers. The latest advices to hand
are TO the effect that NJ. dc Lesseps
has publicly announced that the
canal will certainly be open for
traffic some time during 1890.
Opinions have been expressed by
many that this promise, like Others
made at different times by the same
gentleman, is but subterfuge for
the purpose of inspiring doubling
share and bond holders with re-
newed confidence in the ultimate
success OF this great undertaking
and also to gain the time necessary
for maturing new Schemes for rails
ing additional capital so sorely
needed.
The original estimate OF the entire
sum required to complete the work,
falls far-very far-shoat of that
already expended, and upon which
enormous sums for interest are an
nually paid. The time also, in
which the canal was to have been
completed, has been extended again
and again, until at last suspicion is
becoming engendered in the minds
of those Immediately interested, as
to the reliability of this last assur-
ance that 1890 will witness the open
ing of the canal.
To NJ. de Lesseps, the successful
completion of the gigantic task he
has undertaken is most important
matter. The vast sums Of money
already expended, were obtained
largely from the middle and poorer
classes of the French people, on the
assurance of M. de Lesseps thai
profitable returns would be made
upon their Investment. Failure
from any cause, to complete thu
canal, is an eventuality that M. dt
Lesseps dare not face, and hence
the somewhat desperate measures
to which he has recently been com.
PEELED to resort, such, for instance
as the Lottery Scheme, for the pur'
pose of raising money enough tt
pay off large sums of accumulated
interest, and to prevent the worl
from coming to standstill. Still
after what M. de Lesseps has sue
ceeded in accomplishing at Suez, il
face of great or position and pro
phecies of failure by eminent scien
lists, who, after careful surveys an,
calculations pronounced the work t
be an impossibility, who can asse1
with confidence that he will not, i
the end, be equally successful .
Panama?
Should, however, M. de Lesser
be so unfortunate, for want of none
or other causes, as to be compelled
after all, to abandon, yet unfinished
his cherished enterprise, the can
would nevertheless go through. III
progress of this great work is car
fully watched in all its details, b
representatives of men of capita
if not of Governments, ready whe
the time comes-if ever it does
complete what yet remained to
done. But the French goyernmen
rather than see the canal pass int
other hands, would possibly come
the rescue, and, for the sake of natiol
al honor, let the Panama canal tax
its place in history, side by side wit
that colossal undertaking, the SUI
canal, cut through more than q
miles of sandy desert between IL
Red Sea and Mediterranean, I
monuments of French skill al
French enterprise
z.E8f==zz=I41kccDzesazz
A GOOD AND NOBLE WOMAN
GONE.