special meeting of the stockholders of the new company was called, but the liquidator, who was one of the largest stockholders, declined to take part in it, and the report consequently has not received the required statutory consideration.
The plan adopted by the company placed the minimum elevation of the summit level of the canal at 97.5 ft. above the sea and the maximum at 102.5 ft. above the same datum. It provided for a depth of 29.5 ft. of water and a bottom width of canal prism of about 98 ft., except at special places where this width was increased. A dam was to be placed near Bohio, which would thus form an artificial lake with its surface varying from 52.5 to 65.6 ft. above the sea. Under this plan there would be a flight of two locks at Bohio, about sixteen miles from the Atlantic end of the canal, and another flight of two locks at Obispo
about fourteen miles from Bohio, thus reaching the summit level; a single lock at Paraiso, between six and seven miles from Obispo; a flight of two locks at Pedro Miguel, about 1.25 miles from Paraiso, and finally a single lock at Mira Flores, a mile and a quarter from Pedro Miguel, bringing the canal down to the ocean elevation. The location of this line was practically the same as that of the old company. The available length of each lock chamber was 738 ft., while the available width was 82 ft., the depth in the clear being 32 ft. 10 in. The lifts were to vary from 26 to 33 ft. It was estimated that the cost of finishing the canal on this plan would be $101,850,000, exclusive of administration and financing.
In order to control the floods of the Chagres River, and to furnish a supply of water for the summit level of the canal, a dam was planned to be built at a point called Alhajuela, about twelve miles from Obispo,