Word: seaway
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...LAWRENCE SEAWAY...
Thus on Dominion Day, the 91st anniversary of Canada's confederation, the big neighbors of North America thunderously marked completion of the major works in the building of the St. Lawrence Seaway and Power Project (see color pages). For three days the unstopped waters of the St. Lawrence rushed into the basin above the international St. Lawrence Power Dam, and on July 4, Independence Day for Canada's U.S. partner in the project, the newborn lake reached its predicted shore line. Turbines in the power dam turned in test runs, and the U.S. Coast Guard buoy tender Maple...
...Canadian and U.S. committees assigned to recommend a toll policy for the St. Lawrence Seaway last week plumped for low tolls aimed at attracting a high volume of traffic to the new deepwater channels when they open next year. Hearings on the toll rates will open in Ottawa and Washington in August; if both the U.S. and Canadian governments approve the rates as recommended, it will usually cost shipowners less in tolls to move their vessels the 369 miles from Montreal to Lake Erie than to go through the Panama or Suez Canals...
Because of its greater outlays in seaway construction, the Canadian seaway agency will retain 71% of all tolls for the St. Lawrence River; the U.S. will get 29%. The toll committees estimated that the rate structure they recommended will meet all operating costs of the seaway, pay off construction costs over a 50-year period...
...trying to persuade businessmen to open plants in Detroit, the newborn committee can point to some valuable assets, notably a pool of skilled labor and a waterside location with access to the Atlantic via the St. Lawrence Seaway. Perhaps the only additional asset that Detroit needs is a renaissance of the spirit expressed in the city's double-barreled motto, adopted after a fire nearly wiped out the little town of Detroit in 1805: Speramus meliora. Resurget cineribus-"We hope for better things. It will rise from the ashes...