Business: Troubled Waters

Whether States, municipalities or Federal Government own title to the U. S. coast between high-water mark and the three-mile limit is by no means an academic question. The three-mile limit itself is slightly academic, since it was defined in the 18th Century by the approximate distance a cannon could throw a shot. In the case of the 13 Original States it has been pretty well established that the three-mile strip is theirs; in the case of States like California the natural confusion and controversy are a hundred times confounded. Last winter, a special...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!