BAYANO CEDAR, EIGHT FEET DIAMETER
THE CACAO TREE
STREET IN DAVID
STREET IN DAVID
The Bayano River region beside being the center of such lumbering activities as the Zone knows at present is the section in which are found the curious vegetable ivory nuts which, though growing wild, have become one of the principal products of Panama. Only a few years ago they were looked upon merely as curiosities but are now a useful new material. They are gathered by the natives and sold to dealers in Panama who ship them north to be made into buttons and other articles of general use. Nobody has yet experimented with the cultivation of the tree, and there is reason to believe that with cultivation larger nuts could be obtained, and, by planting, considerable groves established. The trees grow well in every part of the Darien, and the demand, with the rapid diminution in the supply of real ivory, should be a growing one.
Indeed, the more one studies Panama and its resources the more one is convinced that all that is necessary to make the country a rich and prosperous one, or at any rate to cause it to create riches and prosperity for investors, is the application of capital, labor and systematic management to the resources it already possesses. In its 400 years of Spanish and mestizo control these three factors have been continuously lacking. There are men in Panama, of native birth and of Spanish origin, who have undertaken to develop certain of the land’s resources and have moderately enriched themselves. But the most striking evidence of the success to be obtained from attacking the industrial problem in Panama systematically and in a big way is that furnished by the operations of the United Fruit Company, the biggest business fact in the tropics.
Panama is, of course, only one link in the colossal chain of the operations of this company in the tropics. The rapidly increasing prosperity of many of the Central Republics is due largely to the sweeping scope of the United Fruit Company, and its impress is in evidence all along the north coast of South America and throughout the West Indies. Its interests in Jamaica are enormous. Cuba put Jamaica off the sugar map, but the United Fruit Company came to her rescue with an offer to purchase all the bananas her planters could furnish, and Jamaica now leads the American tropics with 17,000,000 bunches annually, of which the United Fruit Company obtains nearly half, the balance being handled by its competitors. The company also owns the famous Titchfield Hotel of Port Antonio, and operates the Myrtle Bank Hotel of Kingston. In Cuba the company owns 60,000 acres of sugar plantations and its two great sugar mills will this year add to the world’s product an amount with a market value in excess of $10,000,000. Its scores of white steamships, amazingly well contrived and fitted for tropical service, constitute one of the pleasantest features of travel on these sunlit seas.