146 SELLING LATIN AMERICA 
rolling-stock. Engineers are making prelim 
inary surveys which will mean a material addi 
tion to the railway mileage here. 
Nicaragua maintains about 223 miles of 
railway which touch her leading cities. In 
addition to this, Lake Nicaragua, 92 miles 
long, and Lake Managua, 32 miles long, are 
used largely for transportation purposes and 
have a fair-sized fleet of steamers operating in 
connection with the railways. 
Panama has no railways of its own at pres 
ent, although $3,000,000 has been borrowed 
from New York bankers for the purpose of 
building lines throughout the Republic. 
The Panama Railway, owned by the United 
States Government, passing through the Canal 
Zone, and about 50 miles in length, may be 
considered as a portion of the railway system 
of the Republic of Panama for its citizens 
have the use of it for every purpose. 
Substantially all the railways of Central 
America are equipped with American rolling- 
stock and operated with but few exceptions 
under American control. It is extremely