Word: gulf
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Dates: during 1930-1939
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...navigation. A few miles south of Palatka, the waterway would turn westward along the Ocklawaha, a St. Johns tributary twistier than the famed Meander. From this stream near Ocala the canal would cut west across dry land for 30 miles to a point about 20 miles from the Gulf. There it would pick up the Withlacoochee, follow its course down to the Gulf at Port Inglis. Total length of the canal: 200 miles, including the sea approaches, twice that of Suez, four times that of Panama. Channel depth: 30 ft. Total excavation: 570,000,000 cubic yards, about twice that...
...expected, brought in a report steaming with encouragement: such a canal was quite practical; it would cost only $100,000,000; it would easily pay for itself in practically no time at all; it would cut 400 treacherous sea miles from the distance between North-Atlantic ports and Gulf of Mexico ports...
...cleaning the right of way. Just outside Ocala, Camp Roosevelt sprang into being as a huge construction base. The counties along the route formed a Florida Ship Canal Authority, voted a $1,500,000 bond issue to buy the right of way, a mile wide from Palatka to the Gulf. By last week 23.000 of the necessary 65.000 acres were acquired or in process of acquisition, 6,600 men were at work, excavation was proceeding at 100,000 cubic yards...
Near Ocala the water level in the limestone is 40 ft. above sea level. From the point where the canal cuts into the limestone south of Palatka to the Gulf, the bottom of the canal will be over 30 ft. below sea level. Thus the question, important to all of Florida south of the canal, arises: What is to prevent the canal from acting as a drainage ditch to carry off water to a depth of 70 ft. below the present water table? Army engineers confidently say they will plug up the leaks, prevent the drainage, not lower the water...
Magnin's customers are the richest and swankest between the Gulf of California and the Strait of Juan de Fuca. Four-fifths of them run charge accounts, and, on Magnin's balance sheet, customer accounts are nearly three times as large as inventory and amount to 45% of all assets. But Magnin's has been in the red only twice-in 1932 and in 1906, the year of the San Francisco earthquake-fire when merchandising activities had to be carried on in the Magnin house...