34 DOCUMENTARY HISTORY OF THE FLORIDA CANAL

 7. Elaborate economic surveys have been made, the details of which will be
available as hereafter desired. These surveys show conclusively that the con-
struction of the proposed canal will cause savings to this country and to its
people of at least thirty-six million dollars ($36,000,000) per year at this time
and estimated forty-seven million dollars ($47,000,000) per year by 1945.
 The undersigned respectfully request that we be advised as to the form and
manner in which further or final application should be made and as to all data and
information needed by the Reconstruction Finance Corporation, and we earnestly
request a personal hearing when the Reconstruction Finance Corporation desires
to consider our application.
 Respectfully submitted.
 NATIONAL GULF-ATLANTIC SHIP CANAL ASSOCIATION,
 By C. P. SUMMERALL, President.
 WALTEa F. COACHMAN, Jr., Executice Vice President.
 HENRY H. BUCKMAN, Secretary.


DOCUMENT NO. 19 (FILES OF SENATE COMMITTEE ON COMMERCE),
 OCTOBER 29, 1932

 ACTION BY ATLANTIC DEEPER WATERWAYS ASSOCIATION IN
 CONVENTION AT BOSTON, OCTOBER 29, 1932

 The Atlantic Deeper Waterways Association, in convention at
Boston, October 29, 1932, adopted the following resolution:
 For the purpose of avoiding the hazards of navigation through the Florida
Straits and for materially decreasing the length of route, public attention has been
directed to the necessity of constructing the waterway across the peninsula of
Florida, which would connect the Atlantic intracoastal waterway with the Gulf
intracoastal waterway and the Mississippi River, and also the Atlantic Ocean
with the Gulf. Quite naturally great activity has been exhibited by the citizens
of Florida, and this association tenders its sympathy and its support. For 20
years and more this association has recognized and advocated this waterway.
 We renew our commendation of this important waterway with the modification
that in our opinion the uses and benefits to commerce would be best subserved
by the construction of a waterway of such dimensions as would accommodate
overseas vessels, usually designated as a ship canal.
 We commend the thorough investigation being made into this project by the
Army engineers. The physical conditions, the engineering problems, and the
commercial benefits should be studied to the end that this waterway shall be
projected along the route which shall best serve the needs of commerce. It is
an essential unit in our national system of transportation.


DOCUMENT NO. 20 (FILES OF MISSISSIPPI VALLEY ASSOCIATION),
 NOVEMBER 22, 1932

ACTION BY THE MIssIssIPPI VALLEY ASSOCIATION AT ST. LoUIs,
 Mo., NOVEMBER 22, 1932

 At its annual convention in St. Louis on November 22, 1932, the
Mississippi Valley Association adopted the following resolution:
 We reaffirm our recommendation of * the development of the intra-
eoastal canal from its present terminus of Apalachicola River, and the extension
of this latter canal through the adoption of a Gulf-Atlantic waterway providing
for the transit of ocean-going vessels, as well as barges when surveyed and
approved, to a connection with the Atlantic Ocean and the intracoastal canal
of the Atlantic deeper waterways.