The Panama Canal will have a most important bearing upon the trade between the eastern and far western sections of our country, and will greatly increase the facilities for transportation between the eastern and the western seaboard, and may possibly revolutionize the transcontinental rates with respect to bulky merchandise. Are you laughing in your sleeve? --MacAlister, answered Stephen, would call my esthetic theory applied Aquinas. " I was amazed, myself, at the spirit I had still in reserve, and therefore perhaps a trifle the more disconcerted at the way in which, in spite of this fine example of it, she hesitated. But my thoughts have been turning the past few days to those who would be watching at home, to an older fellow who will throw a salute by himself when the flag goes by, and the women who will tell her sons the words of the battle hymns.