The opening of the Panama Canal this year means the beginning of a new commercial era for Colombia, which is one of the nations most favored by ibis inter-oceanic highway. The sea journey between Buenaventura and Cartagena, which to-day occupies three months, will be reduced to four days. The opening of the Canal and the extension of the Pacific railway to the capital of the Republic will give to the country the full advantages of her geographical position, making her importance in the Pacific more than equal to that in the Caribbean Sea.