Rensselaer Semi-Weekly Republican, Volume 40, Number 38, Rensselaer, Jasper County, 17 January 1908 — Present Cost of Panama Canal. [ARTICLE]

Present Cost of Panama Canal.

According to the report of the Isthmian. Cdnal Commission, which brings the record up to July 1 last, there lias been appropriated for canal construction the sum of $79,608,508 and expended $48,285,110. These figures, however, do not include the >40,000,000 paid to the French Canal Company in relinquishment of all its rights in the canal and the property there, and the $16,000,OIK) paid to Panama for the right of way. The expenditures to date include $39,452,499 for construction and engineerding work, $2,318,277 on account of the expenses of the civil government. $5,550.2()8 on account' of sanitation, and $955,126 for miscellaneous purposes. The balance available July 1 was $31,823,458. During the fiscal year 1907 20,884 men were brought to the Isthmus of Panama in connection with canal construction work. They came from the United States, Europe and the West Indies. The skilled force at the end of tha fiscal year 1906, approximately 2.500 men, had grown to 4,404. by the end off the following fiscal year. The total force of skilled and unskilled laborers of the Isthmian Canal Commission and the Panama railroad on June 30 last was 29,440.