DOCUMENTARY HISTORY OF THE FLORIDA CANAL DOCUMENT NO. 15 (FILES OF THE INTRACOASTAL CANAL ASSOCIA- TION OF LOUISIANA AND TEXAS), JUNE 3, 1932 STATEMENT BY ROY MILLER, PRESIDENT OF THE INTRACOASTAL CANAL ASSOCIATION OF LOUISIANA AND TEXAS, AT CORPUS CHRISTI, JUNE 3, 1932 At Corpus Christi on June 3, 1932, Mr. Roy Miller, president of the Intracoastal Canal Association of Louisiana and Texas, made the following statement: I know of no waterway project now engaging the attention and consideration of the American people which is more national in its scope or more obviously economically justified than the proposed Gulf-Atlantic ship canal across the great State of Florida. * * While I have not the figures at my disposal, I am sure that it is safe to say within the record that at least 75 percent of the tremendous commerce of Texas ports will be benefited by the construction of the Gulf-Atlantic ship canal. At least three-fourths of our commerce moves coastwise to the Atlantic seaboard or to European and Mediterranean ports. The saving of time and distance which means money, and which would accrue to this great commerce by construction of the Gulf-Atlantic ship canal can be computed only in terms of millions of dollars annually. Speaking, therefore, for the ports of Texas which dot a coastline of more than 400 miles from Sabine River to the Rio Grande, I wish you God-speed in the early consummation of your great undertaking and pledge you the unanimous and enthusiastic cooperation not only of our Texas ports, but of every interest and influence of our great State. DOCUMENT NO. 16 (U. S. 47 STAT. L. 709), JULY 21, 1932 EMERGENCY RELIEF AND CONSTRUCTION ACT OF 1932, APPROVED JULY 21, 1932 Paragraph 3 of subsection (a) of section 201 empowers the Recon- struction Finance Corporation: To make loans to private corporations to aid in carrying out the construction, replacement, or improvement of bridges, tunnels, docks, viaducts, waterworks, canals, and markets, devoted to public use and which are self-liquidating in character. This legislation became the basis for the application to the Recon- struction Finance Corporation by the National Gulf-Atlantic Ship Canal Association, a corporation not for profit, for a loan to construct the canal as a self-liquidating project. DOCUMENT NO. 17 (FILES OF THE RECONSTRUCTION FINANCE CORPORATION), JULY 30, 1932 REPORT OF HENRY H. BUCKMAN, CONSULTING ENGINEER, TO NA- TIONAL GULF-ATLANTIC SHIP CANAL ASSOCIATION, UNDER DATE OF JULY 30, 1932 JACKSONVILLE, FLA., July 80, 1932. NATIONAL GULF-ATLANTIC SHIP CANAL ASSocIATION, Jacksonville, Fla. GzNTLzE EN: Pursuant to your instructions we have examined the data con- cerning estimated traffic through the proposed Gulf-Atlantic ship canal. This data includes the economic survey made by Messrs. Hills and Youngberg, together with reviews of the same by other authorities believed by us to be competent.