Stamps of PANAMA
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1905 October Panama to Conway Arkansas.  The envelope has been reduced on 3 sides.  It has New York transit and Conway receiver marks on back with Oct 25, 1905 cds.
These stamps were printed with "PANAMA" Up and Down with a Bar over "Colombia" overprinted in Red and Blue Black handstamp.
Carmine Overprint with PANAMA reading Up/Down. Bar is 2mm wide and PANAMA starts 4mm below the bar.
1904: 4 Feb Colon cds. "FUERA de VALIJA COLON." Interesting cover since only 1c was paid instead of the 10c rate.
1905 Aug 20 CDS (TWN-PAN-0XX) Panama to New York.  It has a New York, NY arrival CDS on September 6, 1905 12:30 PM on the back.
TWN-COL-025
1904 Nov 15 CDS (TWN-PAN-0XX) Panama to New York.
1c
February 2, 1904
2c
February 4, 1904
5c
January 5, 1904
10c
December 28, 1903
20c
January31, 1904
50c
April 14, 1904
1p
April 14, 1904
4th Panama overprint on
2nd Map Issue 1892-95
1905 July Bocas del Toro CDS (TWN-BOC-0XX) Bocas del Toro to New York.  It has an Alabama  arrival CDS on July 7, 1905 3-30 PM  and a New York, NY arrival CDS on July 9, 1905 5:30 PM on the back.