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...

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