Anaconda Standard in Anaconda, Montana

Taft Testifies on Panama Canal Costs and Plans Before Senate

Secretary Taft told the Senate committee that the interoceanic canal should be completed within the next fiscal year with an estimated total cost near 300 million dollars including purchase price. He outlined proposed lock widening to 110 feet and 900 feet lengths, warned of wage and labor issues, and discussed government involvement, water supply to Panama, and future land leases near the canal site.