The Manchester Canal Company owns the Bridgewater Canal and makes connections with 13 other barge canals. It handles about 6,000,000 tons of freight a year, of which the bulk is sea-borne. Although it connects with 13 barge canals, the amount of barge traffic handled is less to-day than it was a decade ago. From the beginning the Manchester Canal has had to compete with the railroads, and they cut their rates to such a basis that they get the business and force the canal company to operate as a losing venture to its stockholders.
In spite of the competition of the railroads, the canal has managed to increase its business at about the same rate that traffic through the Suez Canal has increased, and a little more rapidly than it has been estimated that traffic through the Panama Canal will grow. The shareholders have not yet received any dividends, but it seems probable that in the course of a few years all of the securities will earn an annual income. Many shareholders have been more than compensated for their subscriptions by the collateral benefits they have received from the canal.
The Government of Germany constructed a canal connecting its Baltic and North Sea ports, and named it the Kaiser-Wilhelm Canal. The natural route from the Baltic to the North Sea around Denmark is circuitous, dangerous because of storms, and is guarded by foreign powers. The canal was begun in 1887 and completed in 1895, and was constructed primarily for military and naval purposes, although it has proved to be of great value to the commerce of Germany. It connects Brunsbuttel Harbor on the Elbe with Holtenau on Kiel Bay. It passes through low lands and lakes and along river valleys. It is 61 miles long and, as it was first constructed, had a width of 72 feet and a depth of 29-1/2 feet. The total cost of the canal was approximately $37,000,000. It was in operation only 12 years until it was found necessary to enlarge it. The reconstruction of the canal was authorized by the German Government in 1907, and the work, which is expected to be completed in 1914, was started in 1909. When this work is completed the canal will be 144 feet wide and 36 feet deep. At 10 places it will be widened so as to permit ships to pass. New twin locks, built for the regulation of the tides--for the canal itself is at sea level--will be 82 feet longer and 37 feet wider than the Panama locks. The maximum depth of these locks will be 45 feet, although at low tide they will be a little less than 40 feet.