Word: flood-control
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...treaty will enable the U.S. and Canada to realize more of the Columbia's vast power potential and to forestall the spring floods, too. Under the treaty's provisions, Canada will set about building three storage and power dams, and the U.S. will go ahead with Libby Dam. Over the course of its 60-year lifetime, the treaty envisions U.S. and Canadian power and flood-control projects costing a total of some $4 billion. Canada will receive one-half of the electric power generated by U.S. projects built under the treaty...
Private capital cannot, of course, supplant the $2.1 billion of foreign aid that goes for military purposes. Nor can it be expected to undertake agricultural reform and flood-control projects now financed by the Government. But it could replace some of the most controversial part of the foreign-aid program - the 15%-20% devoted to outright economic aid. Private dollars are far more effective than Government grants or loans because they act faster and more directly to stimulate local economies and generate new capital. Businessmen estimate that $1 in private capital does as much work as $3 in Government...
...channel stretching into Texas. By the time Holland died in 1945 (Miller died in 1946), all but a final 140-mile section in Texas was finished; the waterway was 125 ft. wide and 12 ft. deep along most of its length, completely fitted out with locks, flood-control dams and side canals running up to important inland cities...
Disaster Insurance. Because of the New England and Far West floods and their effect on Senators and Representatives from those areas, there will be a tendency toward bigger flood-control authorizations and serious consideration of a federal disaster-insurance plan...
...much in the rainy north, too little in the arid south. Key to California's burgeoning economy is a multimillion-dollar system of dams and reservoirs that channels northern water into the fertile but dry Central Valley and the water-starved cities of the booming south. But no flood-control program is watertight, and California's is far from complete. Last week, in the wake of northern floods that cost $170 million and 74 lives, Californians were grateful for the dams they have, but bitterly regretted a three-year lapse in starting more...