The Panama Canal As a Business Venture

Cover The Panama Canal As a Business Venture
The Panama Canal As a Business Venture
George L George Levi Fox
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Nimmo, while in office, in 1880, with the help of Colonel Church, made to the Treasury Department on August 7, 1880, an exhaustive report. It is entitled "The Proposed American Inter-Oceanic Canal in its Commercial Aspects, " and is published in the Quarterly Report of the Chief of the Bureau of Statistics, No. 1, 1879-1880, pp. 281-418. This is a most scientific treatment of the question and contains ninety pages of valuable appendices. Twice since that time, in 1898 and in 1899, he has publis...hed articles revising his estimates. Mr. Nimmo has had the experience of a veritable Cassandra. His able arguments have been entirely unheeded either by Government authorities or the general public, and I have found no reference to him or his report in the volum- inous report on the industrial and commercial value of the canal, by Professor Johnson, the official statistician of the commission. In his report Mr. Nimmo considers at length the amount of shipping tonnage, the value of commodities, and the proportion of the commerce of the principal nations, which might have passed through the canal, if open at the time, and the various geographical and nautical conditions which control the amount of shipping and bear upon the future development of such commerce.

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