Word: seaway
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...Cost of such a seaway is altogether speculative, with its ultimate value to the U. S. highly conjectural. The International Joint Commission fixed $543,000,000 as the cost, but President Hoover has estimated it at $800,000,000, Engineer Hugh Lincoln Cooper as high...
...have to keep their equipment ready for the winter movement of freight. U. S. carriers to which Reconstruction Finance Corp. has already advanced $350,000,000 are precariously close to bankruptcy and such a subsidy to a competitor would complete their ruin. If the roads were paid what the seaway would cost U. S. taxpayers they could haul free all the grain it would carry and much more besides...
Freighters especially built for the Great Lakes are unable to pass out to salt water. Foreign "tramps" will enter the seaway to provide cut-throat competition...
...between Britain and any friend or ally of the U. S. would close the seaway to U. S. trade through the Canadian section...
...Canada scoffed the Ten Eyck idea. Declared Oscar Earnest Fleming of the Canadian Deep Waterways & Power Association: "The people of Quebec and the Maritimes are intensely British and would object to being transferred like a lot of cattle." Quebec's Premier Taschereau, long a seaway critic, picked up the Ten Eyck proposal and patriotically brandished it as one good reason why Canada should reject the St. Lawrence treaty. At St. John's, Que., the Chamber of Commerce unanimously demanded that the U. S. give Canada all of Vermont, New Hampshire and Maine north of the 45° parallel in exchange...