The New York-based Panama Railroad Company began offering railway service across the isthmus of Panama, cutting transportation costs for goods traded between the East and West coasts of the United States. (By John Osborne)
Source Citation
Lester H. Brune, ed., Chronological History of United States Foreign Relations, 1776 to January 20, 1981, vol. 1 (New York: Garland, 1985), 265.