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Waterways could cut national debt with river improvements
A conservative estimate argues that improving rivers nationwide could slash transport costs and flood savings. Direct savings from waterborne freight rival rail costs, as shown by 1907 Great Lakes freight reductions, with potential to double or tenfold annual savings enough to pay the national debt. Indirect effects push railroad rates down where water competition exists.
MENTIONED IN THIS ARTICLE
Breat Lakes
United States Army
Europe
National Rivers and Harbors Congress
New York
Salt Lake
Spokane
San Francisco
Seattle
Pacific Coast
Cape Horn
Ocean
St. Louis
Upper
Mississippi
Ohio
Columbia River
Cascades
Portland
Dalles
Umatilla
Lewiston
Idaho
Snake River
United States