i 1 - B __Bii|"
6465 The town of Colon is directly behind us. We
are lo king inland, up the canal, from an insecure stand
on a piece of the abandoned property of the old French
Company. The Atlantic end of the canal is off at our
right. At several other places, besides here at Colon,
there remain along the sides of the canal or heaped on its
banks immese quantities of supplies bought ,by the old
French company and never used. What we see here now
are chiefly dredges of outgrown pattern and floating
It was in 1881 that the French'began work with De
Lesseps as chief engineer, after organizing a stock comp-
any and selling shares (largely in France) to the amou nt
of about $200,000,000. Thousands of workman were hired.
Immense sums were spent on buildings in excess of need,
though sanitary considerations were very little regarded.
The worst thing about the old Compnany was the scan-
dalous way in which men in responsible positions seized
the opportunity to make money for themselves out of
fraudulent sub-contracts and the dishonest orderin: of sup-
plies. Enormous numbers of dredges, drills, locuiiotives,
dump-cars and other pieces of engineering equipment
were ordered in excess of any reasonable need in order
that large slices of profit might be pocketed. When even
the vast funds at their disposal began to dwindle, news-
papers and influential men in France were bribed to
silence and still other millions of dollars were cajoled out
of the hands of French middle-class people in exchange
for new stock which was practically worthless from the
start. In 1889 the old Coimpany went to pieces.
From Notes of Travel No. 4 I copyright
by Underwood &
Disastrous results of French management on Panama
R6sultats de.sastreux de la direction frangaise du canal
ie 'Itllheilolenf ol, n ifrvan. iic cr m ijfpirtf dcaft beim
Oauc bco i'[anaitua= ifanal6.
Resultado.s desastrosos de-.la administraci6n francesa en
el Canal de P.aniam.
Det olyckliga resultatet af det franska handhafvandet of
rIt6eaJbHbIIr oeJItgeCTBia paHHIya30KIIX' IIopHAKOB's Ha
ITHa acKOM'b KaHaji.L.
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