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For the Nicaragua Canal. Dr. Albert Shaw, in The Reyiew of Reviews, thns speaks out for the people of America on the subject of -who should build the Nicaragua canal: The government of the United States has made innumerable blundcirs, both diplomatic and legislative, in connection with the isthmian transit question, and it is earnestly to be hoped that there will be enough courage, character and resolution at Washington to get this question finally settled within the coming four years. The best policy would be that of ont and out construction, ownership and politici) control by the United Statea government, with the ownership of a strip of territory along either bank of the canal, such as Nicaragua has in the past agreed to confer upon the United States. This would put our government in the same position respecting the Nicaragua canal that it holds toward all the othor navigable waterways of the United States. In building our own canal on our own territory, we avoid diplomatic questions altogether, and also provide what is by far the most economical and effective arrangement. The alternative proposition would be to allow a private company to build and own the canal with money borrowed from European capitalists undor the bond guarantee of the United States government. It would be better that our government should issue its own bonde direct for the prosecution of the canal as a government work, rather than to guarantee the bonds of a private company. In the governmont's direct construction and ownersbip of the canal there would be no scandals and no oxtravagance. But it will be practically difncult to avoid scandals and extravagance and the ultímate swindling of the government if private proinoters are to float the scheme, with the United States guaranteeine the bonds.