Color-tinted photographic postcard of the Government Palace in Panama City, a large neoclassical white building with arched windows, ornate wrought-iron fencing, and tropical gardens. Caption in red: "The Government Palace, Panama." Catalog No. 71-23. Published by Toledano Bros. & De Lemos ("P&C Superior Quality" diamond logo). Posted from Balboa, Canal Zone, March 25, 1911, with a Republic of Panama 1 centesimo stamp overprinted "CANAL ZONE" (Scott Canal Zone c.38 area, 1909–1910 Balboa series). Addressed to Miss Margaret Hellen, 1123 Carroll St., Baltimore, Md., U.S.A. Message from "WBS": "I am leaving for the states next month about the 28th, I think I will go to California. Yours as ever, WBS." A fine early Canal Zone postal history cover from the construction era.