Word: waterways
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...House Committee headed by Missouri's Representative Shannon has been going up & down the land for months investigating Government-in-business. It paused fortnight ago in Chicago to take another look at Inland Waterways Corp. This $24,000,000 War Department agency headed by Major General Thomas Quinn Ashburn operates a barge line on the Mississippi, Warrior and Illinois Rivers to try to demonstrate to private capital the practicality of waterway transportation. For nine years the railroads have fought the barge line's competition. General Ashburn, no diplomat, has tried to placate while competing with the railroads...
...ideas. . . . They may kill me but they can't kill the idea of water transportation. Men crucified Christ once but his idea lives on. . . . The real trouble with the railroads is the aftermath of frenzied financing and excessive overcapitalization and not bus, truck, airplane, pipeline or waterway competition. Our corporation, unlike the railroads, has passed through no receivership, floated no bond issues, paid no princely salaries. I could spit out the window and retire and my retirement pay for life as a major general would be only $2,250 a year less than I'm getting...
...management policies, some wrong in conception, some wrong in application, and others rendered obsolete by radically changed conditions. . . . No solution, however, will be effective unless the problem of the railroads is considered an integral part of the entire transportation problem of the United States, whether by rail, highway, waterway, pipeline...
...from American efforts at supporting national industries than from any other single cause. Nor is America spending a half-billion to let the British mercantile fleet into the Great Lakes. If that were to be the only outcome or even the principal consideration in view, there would be no waterway. . . . WILFRED GODFREY...
...Adopted a resolution to investigate the St. Lawrence waterway treaty...