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"AT AN EPOCH WHICH WE MAY CALL NEAR, SINCE IT CONCERNS
THE LIFE OF A PEOPLE, THE ANGLO-AMERICANS WILL COVER ALL
THE IMMENSE TERRITORY COMPRISED BETWEEN THE POLAR ICE AND
THE TROPICS-THEY WILL SPREAD FROM THE SHORES OF THE AT-
LANTIC OCEAN EVEN TO THE COASTS OF THE SOUTHERN SEA."

DE TOCQUEVILLE.

UVA.

NOV 1 5 1993

LAW LIBRARY

NEW YORK:

G. P. PUTNAM'S SONS,

182 FIFTH AVENUE.

1880.

COPYRIGHT

1880

By G. P. PUTNAM'S SONS

OCEANS
14

W72121

INTRODUCTION.

THE appearance upon the Isthmus of Darien, at the outset of the year 1880, of M. Ferdinand de Lesseps, the renowned French engineer and diplomatist, to whom the nineteenth century owes the inception and completion of the Suez Canal, has startled the thinking people of this country into a sudden but most desirable state of anxiety as to the effects likely to be produced upon the interests, the prestige, and the prosperity of the United States by the opening, under other auspices than ours, of a great waterway between the Atlantic and the Pacific oceans. Though the question of opening such a waterway has occupied the minds of American statesmen and of American engineers at intervals, ever since the foundation of the republic, and though it has of late years acquired an unprecedented gravity and importance for the American

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