DOCUMENTARY HISTORY OF THE FLORIDA CANAL


gation without increased hazards as a result of the improvement in question.
These savings in time and distance converted into monetary savings and such
other incidental benefits as clearly accrue to water-borne commerce and the
general public interest, such as a reduction in the hazards of navigation, form
the basis for the determination of the economic justification of a project. The
views of navigation and commercial interests as to the effect which the pro-
posed improvement may have, on their operations are an aid to the board in
weighing the public value of the savings and benefits as determined by the
board.
 I trust that the information contained herein answers the specific questions
propounded in your letter. I shall be pleased to furnish any further informa-
tion desired on request.
 Very truly yours,
 E. M. MARKHAM,
 Major General, Chief of Engineers.
 Senator FLE-CHER. That shows, I think, that this work which
Senator Vandenberg wishes to put on this committee has already
been done and that it would be very unwise to take the time and
expense to make the study that is contemplated. For that reason I
do not think the resolution ought to be favorably reported by the
subcommittee to the full committee or by the full committee to the
Senate.
 Senator VANDENBERG. I do not want to argue that now, Senator.
 I would not by my silence want to consent to your conclusions.
 The CHAIRMAN. Very well, then; if there is nothing more you
 want to add to the record the subcommittee will adjourn.
 Senator FLrECHEm. I will want to look over this record that you
 have here now and possibly have something further to add to it.
 The CHAIRM N. Certainly; add whatever you like to the record.
 (Whereupon, at 12:15 p. m., the subcommittee adjourned subject
 to call of the chairman.)

 UNrrED STATES SENATE,
 SUBcOMrITrEE OF THE COMMITrEE ON COMMERCE,
 Washington, D. C., Wednesday, February 19, 1936.
 The subcommittee met, pursuant to call, at 2 p. m., in the Com-
 merce Committee room in the Capitol, Senator Royal S. Copeland
 presiding.
 Present: Senators Copeland (chairman), Fletcher, and Van-
 denberg.
 The CHAIRMAN. The subcommittee will come to order.
 Senator FLTrHER. Senator, I want to produce this afternoon Mr.
 Henry H. Buckman, and he will review what has been developed in
 the hearings so far and furnish additional data in connection with
 them. I am going to just ask him to proceed in his own way.
 The CHAIRMAN. All right.' Then you question him.
 Senator FLETCHER First, to qualify him, state your name and
 occupation; and if you are engaged in a profession, what your train-
 ing and experience have been m that profession; and then just state
 in your own way what you have to present. You have been present
 at all the hearings. You know what has been offered, and you can
 proceed to discuss the subject.


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