Ogden Daily Standard | 1914-11-20 | Page 4 | Panama Canal Diverts Business

oo PANAMA CANAL DIVERTS BUSINESS. What has been the cost of the Panama Pan-ama canal 0 Colonel Goethals. in his report, places the total cost at $858,-559,000. $858,-559,000. But in addition to this sum, the canal fund holds a surplus of $20, 500,000. all of which undoubtedly undoubt-edly will be spent m making the canal more secure to traffic. When the last work is done, the waterway will represent a total outlay of approximately $400,000,000. One of the first effects of the use of the canal for general traffic is the diverting of much freight from the transcontinental railroads, and, until developments In other directions brine added tonnage to the entire volume of western trade, the competition of the waterway will cut into the profits prof-its of the rail lines, and be felt at such railroad centers as Ogden.