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Show PANAMA CANAL TOLLS. ongress appears reluctant Io under take tbe regulation of Panama canal tolls; aad yel thai regulation should by no means ),c postponed beyond the present session of Congress, because the world's commerce waiting upon the action which t oncress mn take in tbia matter, to adjust its commercial rela tiona wiih the canal upon tfte basia oJ the tolls which, mav be fixed. There soms to be a curiopa lark ol comprehension in some rpiarters of the real situation. First Of -all, Mr. John Marrett. Director of the Pan Americas ("nion. argues that uudor our treaties with Cire.,1 Britain and under our declarations to other powers, we air obliged to sivc thr commerce oi other nations preeiselv the same advantages and treatment in the canal traffic thai we je io uui own. Prosidoni Taft -eems m a waj to acknowledge this; but he propOSO! 0 evade the relia In lit v bv rebating to our own os.-ci- the tolls which they may pay. In tins connection, it maj i'- wflli to stHte that there are two separate branches of our commerce Sltogcthof, to he taken into consideration in thia matter. The coastwise commerce, that i to sa.v . the direct transportation transporta-tion between our Atlantic and our Pacific coast, where the careoea n-made n-made up by American consignei on one coast for American conOtgnoej on the other, forms one branch ot our com mcree, the coastwise commerce, which foreign vessels are not permitted to engage en-gage in. and which, aa it floea not in an1, wav come m competition with the commerce or transportation ot other .nations, would inevilabh pass through the canal free of tolls. Another branch of commerce is tbat which would pas through the canal from either DOSst to foreign countries, and would be in competition with the ocean transportation of the world. It! is this claaa ot esns traffic Lbat would be violative of our trostief with Great I Britain and our understanding withl other nation1, if any would; and it is this ilass to which President Taft re ferS when he speaks of rebates to the eitfcnt of toils paid. A recent expression "f Mr. Kinnn If. Johnson. Professor of Transportation! and Commerce in the University of Peuusyiviiiiid, t.ik-s up thr question, the ntb of his argument bstdg 'a the follosrijig quotation: As a matter of inn. ffapSraq Canal tolls wilt i- hardly burdensome to hln-pinr. hln-pinr. They will add ooaelbt 5 pej cent CD tl.e avcrss" Iiemhl rat- btwi n lli to aeaboarda of the United -iMie. LlkewhM the hope of tranacoiitlnental railroads that the unul tolls will aiuiist t'iuin in comoelina ajnunbi ine HoaatwiM-1 -i. amahtp lUies ran luirdly lie reti7.j. An addition r 5 pei cent to the rates diary,) by ooastwtae carriers 'at ,.r but ellaht help to the 'railroads. The 'ii- vlsion of the traffic bOtWOBn mil ami water linCa will not be i.r. a! fen i hy such tolls, as the United States t;lv-l ernni'nt will i.robii)i.- .-iimse f . . j n.e Um I of the Panama Canal. As a matter of tact, the Panama i 'aual toll- will not be a burden to ship-lung ship-lung at all. If we consider the shipping ship-ping for either toast of Noith and South America from either shore of the Atlantic. WO will tin. that even after af-ter paying roaoonabla toils, the ojeu in" of the Panama canal triQ be it relief, re-lief, nnd not a burden. A ship oisii; from Liverpool or Boston to th.- weat eoat of South America otj to our own wet .oast would be relieved rety much. Time would be oii. WSgsal and supplies would be saved, a mi th (aaialalalal time of delivery would be largely re-diK-ed bv the use of the canal as compared com-pared with the voyage around Cape Horn. The same would occur with respect to transportation from European or our own Atlantic ports with reaped to E!ast Asian and Japanese trade. As it is now. thai trade Ought " through the Sue canal or around. the ' ape of Hood Hope or ape Horn. To ",o aWOund j either of the cSpOO would be n very j long, toilsome, and costly journey, i The real competition would be between the Suez canal and the Pauama canal, with the advantage, so far a- all hiuese :ind .lapi uese p"i:s are con-Carped, con-Carped, with the Panama canal. !"o that this canal is not to be considered in anv rcsr t aa a burden upon shipping, but as a great time reducer, and expense-saver in ocean transportation to tbo points of I he. world which il will espeeiiillv open to general commene The tolls cm ! paid and money jMved. This is a point which Protessor Johnson John-son doe not touch upon, but is the real, i he great practical point in volved in the whole business, and n io that which will make the payment' of tolls on the Panama' capal w drome to the shipping world, in the use which it can make of the cauaK |