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Be it acknowledged frankly, both cities show signs of having suffered declines—perhaps I should say setbacks—following the War; but as the causes of the setbacks are also the causes of the comebacks, the swing of the pendulum is worth analyzing.

Let it be acknowledged frankly also—Panama is working a silent inevitable revolution in the Middle West. Chicago is not the Middle West. It is the western terminus of the East. Draw a line down equal distances from the Mississippi and the Pacific. The 100th Meridian marks the dividing line. That is the Middle West. Canals have never lastingly helped nor hurt any other section in America. Only where they deepened natural waterways to the ocean have they created new central cities by moving the ocean farther inland; but Panama is more than a canal. It is the shortest portage between two oceans; and ocean transport is cheaper than rail as one to seven. It must always be. There is no track bed to be built. There are no rails to be bought and replaced. There are no ties to be laid and replaced. There are no track crews to go out daily and clean up the cluttered highway. There are no spikes to be driven, no weeds to be sprayed out, no washout to be repaired, no bridges, no fill-ins, no sidings, no stations every few miles, no freight sheds, no round houses, no water tanks, no freight cars to be built, repaired, no tunnels. Compare these with any corresponding costs of ocean transport. The difference totals thousands of dollars a mile in places, millions in sections with long tunnels and long bridges.

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