Such was his golden dream, but it ended in utter failure.

Still the idea grew. Men of many nations began to discuss the possibility of building the canal. And at length the French got leave from the Government of Columbia and work on the canal was begun. But after working for many years the French gave up the undertaking, which was far more difficult, and had cost far more money than they had expected. Meanwhile the Americans had become much interested in the scheme, and they had begun to think of cutting a canal through the isthmus at Nicaragua. Then when the French company went bankrupt they offered to sell all their rights to the canal to the United States. There was a good deal of discussion over the matter. For some people thought that the Nicaragua route would be better. But in the end it was agreed to take over the canal already begun, and go with it.

Everything was arranged when the Colombian Senate refused to sign the treaty. By this treaty they were to receive ten million dollars, besides a yearly rent for the land through which the canal ran. But that sum seemed to them now too small, and they refused to sign the treaty unless the money to be paid down should be increased to twenty-five million dollars.

This the United States was unwilling to do. Everything came down to a standstill, and it seemed as if the Panama scheme would have to be given up, when suddenly a new turn was given to affairs. For the people of Panama rose in rebellion against Colombia, and declared themselves a republic.

The United States at once recognized the new republic, and before a month had passed a treaty between the United States and the Republic of Panama was drawn up and signed, and the work on the great canal was begun.

A good many people, however, were not very pleased at the manner in which the struggle had been ended. They thought that the United States ought not to have taken the part of rebels in such haste. But the President was quite satisfied that he had done the right thing, and that it would have been base not to help the new republic.

In 1902 Mr. Roosevelt had become president "by accident." If it had not been for the tragedy of President McKinley's death he would not have come into power, and the thought grieved him somewhat. So when he was again elected president he was quite pleased. For now he felt that he held his great office because the people wanted him, and not because they could not help having him.

Few Presidents have grown so much in popularity after coming into office as Mr. Roosevelt. People felt he was a jolly good fellow, and throughout the length and breadth of the land he was known as "Teddy."

"Who is the head of the Government?" a little girl was asked.

"Mr. Roosevelt," was the reply.