Nothing, indeed, can be more evident than the fact, that not only Great Britain and the United States, but also all the commercial nations of Europe, are deeply interested in securing for themselves a shorter and safer passage into the great Pacific, on terms the most prompt and economical that circumstances will allow; and the success which has attended civilization within the present century, demands that this effort should be made, in which, from her position, Great Britain is peculiarly called upon to take the initiative. For the last twenty years the Panamese have been buoyed up with the hope, that an attempt, of some kind or other, would be made to open a communication across their isthmus, calculated to compensate them for all their losses; and hence they have always been disposed to second the exertions of any respectable party prepared to undertake a work which they cannot themselves accomplish. They have heard of the time of the Galeones, when the fleet, annually arriving from Peru, landed its treasures in their port, which were exultingly carried overland to Porto Bello, where the fair was held. “On that occasion,” says Ulloa, “the road was covered with droves of mules, each consisting of above a hundred, laden with boxes of gold and silver,” &c. Panama then rose into consequence, attaining a state of wealth and prosperity which ceased when the trade from the western shores took another direction. The natives and local authorities would consequently rejoice at an event so favourable to them, and vie with each other in according to the projectors every aid and protection. Provisions and rents are cheap, and, under all circumstances, the work might be completed at half the expense it would cost in Europe.