New-York tribune., 1908-12-22
FOR WATERWAYS BONDS
Ransdeu Says Country HouId SAGE
$500 900 900 a Year.
From Ire tribune Bureau. !

Washington Dec Zl--If the country is willing 70
.7e-6 eaoo annually in the way OF interest on
no75s rhe sum Of s5Ha.ene on year can be saved
- freight rates according 70 the assertion today
~ Representative Rsnsden president Of the Ma
-io-sl Rivers and Harbors Congress. This Mr..
rsrs5en SAYS is his excuse fer asking the national
lawmakers 70 authorize bond issue Of $500 o00 no
o. ursterways improvements He says he does not
--srr the money for the purpose all at once. but
~-r-srS ke have IT that could be used when
needed from time 10 time the work progressed.
n making his plea for the appropriation for the
us-e-vsys Nr. Ransdeu SAYS that the interest on
he bonds would amount annually to only about
vrs- hsttleship costs
--7-nese bends said Mr- Rsnsden are for per
--z1e-t works. for work Just permanent. snd
-ossib7 more So than the Panama Canal. and des-
nd to- -he same commercial uses These works
--- slc1e for ourselves they for posteTlty
IS vel and should be paid for. least IN part,
,- - Pv the authorization OF the issuance Of $780,
~. ~ y bonds 70 carry cut broad and Conlpre-
reus-ve policy Of waterway Improvement We are
-,-- r--f-srinE the wise example Of the railroads
-, make money by borrowing money TO be used
s- -+7e extensions. thereby increasing the means
~ handling traffic II IT should be found that SUI
e-fa-- money cannot be appropriated from current
-s-a-7es 20 carry on the work Of completing water
-,-.,e-ts under way and the beginning Of new ones
z---o-ed BY the board OF army engineers, then
-e-z should be sold sufficient waterway bonds from
ne - -s-7e 50 that each year viii find the work
~ t--c-o-i1E rivers. hsrhors and canals stead
.~ gong On 10 fnai complexion
In NJ. RdusGel continued the congress
10 me United States authorized the issuance Of
80 81 aaa q Panama bonds n be sold as needed
-.-- --e S21 a0a1 issued the other day the amount
- --= Panama bond issue NJ 70 this time Il 80
- * extending over period OF nearly six years
a rs-za 6e6cIt is in sght-to be exact, S5se79-ol
g. me zs-zl yezr ending June So, 1SS; for the next
zs-z- year. Ter the estimate OF the secretary
- -- Treasury S1s 0o0o, and Sl43 oo0o0o for the
-sz- wear ending June 50 -p1a-it is clear that only
- = bond issue can th+ work OF waterway deVel-
o--=-- OF comprehensive plan proceed twenty
-ez-- CT more hence when the whole S7A'Vee"v
- u bonds has been used II viu take but
"a IA ~ vezr-abour the cost OF one batt-esnlI-
:, -sr r=- cent on Tire issue And this sum, wise
- s-a-- O. CUT water courses our rivers ana our
-z----s uiu save The people more than S0'3''''v
.---s--r Il reduced freight rates
NJ : Hi seems 70 have suddenly cranseo
49,. A-z On The subject + $50 olonoo bond issue
- -s-e-z-zvs i-1rrc-eneatS- said RepresentatlVe
-s---ordr - Missouri Mr. BaTrholdt Is the falher
NJ re Dill uC1 pending in Congress "hlch provinces
~ re appropriation o. the half billion and warm
- --s=--s NJ HIS recent criticism OF ne prop
os--- .
~ ,=-v 7orE ago continued Mr- Bartholdt
a--z- "a were N the midst OF sboundlng pros
-z---- NJ Eiu vas enthusiastically in favor Of
ne ---d ISSUE idea A. that time 1ne ral-Fo719
s-e not able 70 haul al the freight or hs-t OF IL
-z suggested that the waterways Of The country .
--- ~ s-rh condition II enable them 10 carry al
- heavy freight and ths railroads would tneh
IKE -=-e % IRE light stuff Now this looks diner
g ~ hin The railroads seem 70 Re able TO take
-s-s ~ al the freight. and he does not thlnA 50
ze- C -he waterways.
z--- re need not be frightened a. the prospect
~ -7-----,=- rent On The waterways viii BE-
.-----e5 and z-I carry their share Of freight and
s---r --= railroads viii not be hurt Prosperity Is
-z-----nz and within snort time the oonolllons
~ car o- 50 ago viii be repeated as regards the
-s r.-75znce Of freight. Take the sl-uaTloT along
--z River Rhine That stream carries more Tre-gIl
---rz-- than any Other -ver IN the world ana
-s- r. = pa-zI eled OF either side ~ prosperous
--s-=-s which seem 70 have al the business they
-z- z-c1r-1o7ate No natter hoT many water
-z--z -aere are they vii alwavs serve as feeders
z-- zEe-ts for rhe railroads NJ hl- sho-d vel
---a z- 7rz-e-vavz improvements instead q al
-z-g--z them.