548 COMMERCE YEARBOOK
New York to Buenos Aires without relays. It is believed that a
similar service in the reverse direction will be established in the near
future.
The program of the All America Cables company calls for the
construction of about 3,000 miles of submarine cables during 1926,
involving the expenditure of over $1,500,000. These additions consist
 of an 800-mile cable from Balboa in the Canal Zone to Santa
Elena, Ecuador; a 1,700-mile cable from Lima, Peru, to Valparaiso,
Chile, also touching at Iquique, where an extension of 130 miles would
provide a connection with Tocopilla; a 785-mile cable from Fisherman’s
 Point (Guantanamo Bay), Cuba, to Balboa in the Canal
Zone, thus eliminating the manual relays required by the present
system. A new office has been opened by the All America company
at San Salvador, connecting this capital with the station at La Libertad.
 Permission has also been granted the same company to establish
 an office in Guatemala City, which will be connected by landline
 with their station at San Jose.
The cable operations of most American companies show a marked
increase during the year. The Western Union Co.’s revenues from
cable transmissions were $10,390,406, as compared with $9,907,275
in 1924. The Postal Telegraph Co., in which system are included
the Commercial cables, does not show cable receipts; however, the
net profit on cable business for 1924 was slightly in excess of that for
1924. The All America Cables, including the subsidiary company,
the Mexican Telegraph Co., shows a net income from operations of
$3,026,955 during 1925.
The volume of cable traffic between the United States and foreign
countries continued to increase during the past year. The use of
deferred services at low rates was extended to countries heretofore
not enjoying these privileges.

AERONAUTICS

In December, 1925, a bill was passed by the Senate authorizing
the Secretary of Commerce to designate and approve commercial
air routes, to provide aids to aerial navigation, and to inspect and
register airplanes and license pilots. This legislation was similar
to that before the previous Congress in that it provided for applying
to air services the existing laws on immigration, customs, etc., and for
the regulation of civil air navigation generally. Since the end of
the year this measure has become a law.
Air services by commercial companies were in regular operation
between Seattle and Victoria and between New Orleans and Pilottown
 for the transportation of passengers, goods, and foreign mails.
A number of operators carried out flichts from fixed bases to various