Word: seaway
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Dates: during 1950-1959
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...over a decade, American railroad and seaport lobbies have effectively bottled Congressional action on the Saint Lawrence Seaway plan. Their motives are sample enough: they will lose trade if the Great Lakes are opened up to ocean ships. But now, they are desperate. The Canadian Government unceremoniously uncorked the bottle by announcing its intention to start begging up the Saint Lawrence in the spring, whether the U.S. joins...
...final gasp of opposition, the railway and seaport lobbies are hinting that Canada really cannot afford to build the Seaway by itself at all, and that its announcement is intended to dupe Congress into co-sponsoring the project...
...Canada's national income was only one-quarter of what it is now. Yet the Canadians built the 114 million dollar Welland Canal, which connects Lake Ontario to Lake Erie. Canada did this despite the fact that the real value of the Welland could never be realized without the Seaway. Surely, with its present industrial boom, Canada can build a 250 million dollar all-Canadian Seaway, especially since it will pay for itself through toll charges...
This seemingly just proposition ignores the fact that steel prices set the price for most durable and semi-durable commodities. If iron ore transportation prices rose, as they would if Canada set its own Seaway toll charges, the price of steel would rise accordingly. Thus, the American public would, in the long run, finance the Seaway--either as taxpayers footing the higher cost of steel bought by the Government, or as consumers, buying durable goods...
...biggest, but perhaps the most significant of all Canadian enterprises now afoot is the St. Lawrence Seaway, a canal system linking the St. Lawrence River and the Great Lakes to enable all but the biggest deep-sea vessels to sail upstream into North America's industrial heartland. This project has been pressed and attacked on both sides of the border for more than 50 years. Canada has been anxious to build it; all U.S. Presidents from Coolidge to Truman have advocated it (see NATIONAL AFFAIRS). But the U.S. Congress, hobbled by minority interests (railroads and East Coast shippers...