DOCUMENTARY HISTORY OF THE FLORIDA CANAL


 Dnw an C M COMMICC
 59. It is anticipated that by the end of 1945 certain readjustments will have
 taken place in the petroleum trade which will eliminate some of the savings on
 competitive oil as set up in our studies for the calendar year 1929:
 These may, and probably will, amount to----------............. $3, 000,000
 In the same period, it appears probable that there will be a decline in
 the volume of petroleum traffic between the oil ports of Mexico
 and the United States Atlantic coast ports amounting to-.--... .231, 317

 Total anticipated decline in potential canal tonnage as it now
 exists will by 1945 amount to.-----------------........ 3,231,317


 60. For ready reference the savings that could have been effected on the actual
 water-borne commerce of the Gulf ports for 1929; that which might well have
 used the facilities then existing and/or which would certainly profit by the con-
 struction of the proposed canal; the indirect benefits to accrue by reason of reduc-
 tion of commodity prices to the consumer; and the benefits to accrue on commerce
 not now existing but which may be reasonably expected to develop by 1945, are
 set forth in the table immediately following. This table also takes account of
 the probable falling off in the petroleum industry by 1945, and thus shows the
 net total annual savings or benefits that may be reasonably expected to develop
 by the end of 1945.

 Estimated enaty Total

 Having on emmece of the caledar year 192
 Sarian that could have bern *eeted by the eaal an the actual
 water-bne movenmt tbat d through the Straits of
 MPbrM ddr uaI r r say suitliso eameree
 betwem Meo ad Europe (itemr I (e) nd III (), (b), (c),
 Iexmi t 01)--............................--------- -. 3 00.00 $1Z ,5 o $1 7,
 Savin on other commerce existing in 129. not a part of the Gulf
 ater-borne movement, but capable of being diverted to
 movement through the amnal with manlest saving--........... 8-000 ,09, 100 9,067,100
 Total ---.--.------ ---.-----------..-.......--. 9,3000 21,96, 800 23. 50M
 B Re of tb carnal caving in reducig the pricm of eartan stap
 artlel that are competitive with blfhinpments and sold on
 a ghly competitive bes for Instance, Canadian paper com-
 pea with Oulf paper....................................... 3-0004000 7,731000 10,731,000
 Grand total 1----... --------..-..... -....... ..... 48--- -000 29,087,000 36,382400
Saving on additional future commerce, 192I-4: By reason of addi-
 tionl commer the saving to be expected In 195 should be In-
 red by..----------------................ ............................ 3014,100 11, 4, 917 14,330,017
 Tot al...---------....--........................-.......- 9.652100 41,012, 17 50,04. 617
Les deduction:
 (a) On count of readjustmet in petroleum trade allminat-
 artinlfn on omptto-... ................. ,000,0000 ...........-----------. 3000,000
 (b) Deino n poin m tfraflc between Mdexio and Atlantic
 coat ports........-----..-- ..----- --..--.......... 231, 317 ......----- 231 17
 Total ...-............................................... 21,317 ............ 3 231,317
 Grand total saving In 1945..--.....................-..............-.. ......... 47, ,30

 61. This may be contrasted with the amount, $25,594,600, which represents
the direct savings on actual and potential water-borne commerce for the year 1929,
and it contrasts also with the amount, $36,325,600, which represents the savings
just previously mentioned augmented by the benefit expected to result from
reduction in commodity prices to the consumer.
 Respectfully submitted, for and by direction of-
 THa CIrr CouMisxoN or JACKSONVILLE, FLA.,
 By HnLs & YouonaBeo,
 Consiling Bngineers.
 By GILBRaT A. YouwoBaao.