NEW YORK: The Payoff Port

The Port of New York is a majestic natural harbor endowed with deep rivers, estuaries and bays and rimmed by 770 miles of profitable piers and docks. Thirteen years ago New York handled 22% of all the tonnage shipped to & from the U.S. Today tonnage has slumped to 15%. Principal reason: the New York waterfront is the realm of hoods and racketeers, where a payoff is as casual as a Christmas card, where whole truckloads of merchandise can vanish, where watchmen never make an arrest, and where mobsters recruit musclemen who are still serving time in Sing Sing.

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