Report of Special Committee On Inter Oceanic Canal

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17 difference being perhaps caused by assigning the use of the Canal to ships that we place as likely to continue on previous routes. Thus, the English direct commerce with Australia would, in our opinion, only use the Canal on their homeward voyage, and would continue to go from England to Australia via the Cape of Good Hope or via Suez. The De Lesseps estimate of 6, 000, 000 tons appears the more excessive when it is considered that he claims steam as the exclusive motive power by sea hereaft...er, discards sailing tonnage, and then includes this sailing tonnage in his estimate.
Desiring, as we have done in all our conclu- sions, to estimate conservatively, we allow for a tonnage of 5, 000, 000 tons per annum. Five million tons annually represents about 2, 780 vessels which would make 8 vessels daily, pass- ing through the Canal four each way. It will be readily seen that the capacity of the Nica- ragua Canal would be fully four times the esti- mated tonnage, notwithstanding the use of locks.


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