The journey down the coast of South America on the east, and up again on the west, takes such a long time, that the desire for a canal across the narrow neck of land which joins North and South America has been in men's minds for many years.
A railway was built across the Isthmus of Panama to shorten the distance, and save taking the passage round the Horn. Travellers left their ship at one side of the Isthmus, and took the train over to the other, where they went on board another ship, which would take them the rest of their journey.
This plan greatly increased the expense of the journey, and the canal was still so much wanted, that at last the Panama Canal was begun.
You have all heard about the Panama Canal, which was to do the same work that the Nicaragua Canal is to do, that is, to connect the Atlantic and Pacific Oceans. You have probably heard how much time, labor, and human life was wasted over it, and how much trouble its failure caused in France.
This Canal was to cut across the Isthmus at its very narrowest point. It was worked on for years, every one believing that it would be opened to ships before very long. Many of the maps and geographies that were printed in the eighties said that the Panama Canal would be opened in 1888, or at latest in 1889.
No one expected what afterward happened. In 1889 the works were stopped for want of money; the affairs of the Canal were looked into; it was found that there had been dishonesty and fraud, and in 1892 the great Count Ferdinand de Lesseps, who built the Suez Canal, and a number of other prominent Frenchmen, were arrested for dealing dishonestly with the money subscribed for the Canal.
There was a dreadful scandal; many of the high French officials had to give up their positions, and run away for fear of arrest.
When the whole matter was understood, it was found that, for months before the work was stopped, the men who had charge of the Canal had decided that the work would cost such an enormous sum of money that it would be almost an impossibility to complete it.
They did not have the honesty to let this be known, but allowed people to go on subscribing money, a part of which they put in their own pockets, and spent the rest in bribing the French newspapers not to tell the truth about the Canal.
The worst of it was, that the money which had been subscribed was not from rich people, who would feel its loss very little, but from poor people, who put their savings, and the money they were storing away for their old age, into the Canal; and when they lost it, it meant misery and poverty to them.