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Word: seaway (lookup in dictionary) (lookup stats)
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Navigation. For seven years the Seaway has been a storm center. From New York to Chicago, from Boston to New Orleans, victims real and imaginary have yelled against it. At last week's hearing, Frank S. Davis, of Boston's Maritime Association, pictured Boston's ships and docks deserted and rusting while rubber and wood pulp went through the Seaway...

Author: /time Magazine | Title: Business & Finance: Seaway: In the Lobby | 7/7/1941 | See Source »

Railroad men blasted the Seaway from every side. Their main fear: loss of profitable petroleum, coal and automobile traffic (on the assumption that a new transport medium will divert more traffic than it will generate). Last week an 85-year-old pro-Seaway lobbyist (for Minnesota) named J. Adam Bede, who was a Congressman in 1903-09, remarked: "Aw, I've heard all this before. ... I remember when the railroad people testified that the transcontinental rails would turn to rust if we built the Panama Canal." But like the Panama Canal, the Seaway would cut transportation costs. Proponents have...

Author: /time Magazine | Title: Business & Finance: Seaway: In the Lobby | 7/7/1941 | See Source »

Even shipping lines are potshotting the Seaway. The Atlantic States Shippers Advisory Board claims: 1) only 5% of U.S. ships over 2,000 tons could use the Seaway; 2) only 30% of foreign ships over 2,000 tons could navigate it; 3) only the smallest U.S. Naval craft could...

Author: /time Magazine | Title: Business & Finance: Seaway: In the Lobby | 7/7/1941 | See Source »

...trouble with these figures is while 1939 ships are sinking fast, 1941 ships are getting bigger. Of 384 ships abuilding in the Maritime Commission's emergency program, only around 30 could keep their keels off the Seaway bottom...

Author: /time Magazine | Title: Business & Finance: Seaway: In the Lobby | 7/7/1941 | See Source »

Power. The International Section generators cannot be furnishing power before 1945. But with TVA and Bonneville working overtime on aluminum production, the Seaway's power possibilities look unusually inviting in 1941. That industrial New York State needs more power is plain. By 1942 its power capacity will be 5,266.000 kw.; but 1944 demand (not counting that of two aluminum plants proposed last week-see p. 28) is estimated at 5,176,000 kw. by the New York State Power Authority, which calls this slender margin "unthinkable...

Author: /time Magazine | Title: Business & Finance: Seaway: In the Lobby | 7/7/1941 | See Source »

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