Business & Finance: Seaway: In the Lobby

Businessmen, lobbyists and experts last week braved shirt-melting heat and the House Rivers & Harbors Committee to have their say about one of the great power projects which Franklin Roosevelt promised when he campaigned in 1932.

Unlike Grand Coulee and TVA, the St. Lawrence is still a project.

A Roosevelt dream, the Seaway is not a Roosevelt idea. Joint U.S.-Canadian palavers to deepen the St. Lawrence began in 1895. Presidents Harding, Coolidge and Hoover plumped for the Seaway with zero results. President Roosevelt, defeated when in 1934 he sent the Senate a Seaway Treaty (which needed a two-thirds vote), this time sent it...

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