were mads immediately with the caretaker and four other local 
men to traverse the property in different directions so as to 
afford the best possible view of the general topography and the 
forest conditions. The courses taken daring the six days of 
continuous travel and observations are indicated in red ink on $ 
the accompanying map. After concluding all necessary field 
work on the evening of December 14 the return trip was made on 
s small sailing vessel(dugout) which reached Panama City on Dec¬ 
ember 15, and the writer finally arrived In Hew York on Decem¬ 
ber 27 on the S. S. Cristobal, 
location of the Property 
The property is located on the Pacific side of the 
Continental Divide and within the Province of Panama of the Re¬ 
public of Panama. It is reached by boat going almost due east 
from Panama City for 39 miles on the Bay of Panama to the mouth 
of the BayanofChepo) river, which flows southward draining a 
large part of the Province of Panama and all of the Company’s ho 
holdings. About 12 miles up the Bayano river the Culobra river 
flowing ’westward marks the southern boundary of the tract which 
extends along the Bayano river as far as the Bolano river which 
forme a part of the northern boundary. The tract is said to ex¬ 
tend eastward from the left bank of the Biyszto river for a dis¬ 
tance of 15 or 20 miles* 
Area of the Tract 
Although the boundaries of the tract are defined in 
the original description of the property, no survey figures are 
extant by means of which the area may be computed accurately. 
While conservative estimates indicate that the area is approxima¬ 
tely 115,000 ecres, there are those who claim that the tract is 
much larger in extent. However, the distance from the mouth of 
