IT IS only too evident that in the not distant future the United States will undertake the construction of an isthmian canal via the Nicaragua route. An examination of the international commitments which involve this project is therefore not untimely.
In building a second canal, the best interests of the United States seek a waterway which shall be a strictly national utility.
Apparently the path in this direction is unobstructed.
As to suzerainty, the willingness of Nicaragua to have the United States build the canal on its own terms is evident. The problems of approach defenses have quietly solved themselves. The physical task presents no great engineering obstacles. Nor will appropriations be lacking when the proposition is properly presented to the country. There remains only to take up our existing option with Nicaragua and enter into an appropriate bilateral treaty respecting the rights of each nation in the premises, in order to initiate an all-American canal joining the Atlantic and the Pacific.
Such an arrangement, however, would make possible the exemption from tolls of ships of American registry.