Commodore Ernest Lee Jahncke, president of the Association of Commerce, issued a statement to the press January 16, 1916, declaring that the prospect of the canal "brightened the whole business future of this city and the Mississippi Valley"; the New Orleans Real Estate Board and the Auction Exchange, in a joint meeting, urged its speedy building; and Governor Luther E. Hall, in a formal statement to the press January 16, 1916, gave his endorsement to the construction of the canal "long sought by many commercial interests of New Orleans," and said that work would probably begin in "three months."
In August, 1916, the governor dismissed the Dock Board and appointed a new one.
In the confusion attending the reorganization the canal project was again dropped. The New Orleans American, on August 28, 1916, attempted to revive it, but the effort fell flat, and the plan laid on ice until 1918.
America had in the meantime thrown its hat into the ring, and the cry was going up for ships, more ships, and still more ships. National patriotism succeeded where civic effort had failed. New Orleans brought out its Industrial Canal project to help the country build the famous "bridge of boats."
But this new phase of the plan was far from the canal that was finally built. In fact, the accomplishment of this project has shown a remarkable development with the passing years, reminding one of the growth of the trivial hopes of the boy into the mighty achievement of the man.
Ships could not be built on the Mississippi River. The twenty-foot range in the water level would require the ways to make a long slope into the current, a work of prohibitive expense, and as nearly impossible from an engineering standpoint as anything can be.
Early in 1918 a committee of representative Orleanians began to study the situation. This was known as the City Shipbuilding Committee. It comprised Mayor Behrman, O. S. Morris, president of the Association of Commerce; Walter Parker, manager of that body; Arthur McGuirk, special counsel of the Dock Board; R. S. Hecht, president of the Hibernia Bank; Dr. Paul H. Saunders, president of the Canal-Commercial Bank; J. D. O'Keefe, vice-president of the Whitney-Central Bank; J. K. Newman, financier; G. G. Earl, superintendent of the Sewerage and Water Board; Hampton Reynolds, contractor; D. D. Moore, James M. Thompson and J. Walker Ross, of the Times-Picayune, Item and States, respectively.
On February 10, 1918, this committee laid the plans for an industrial basin, connected with the river by a lock, and ultimately to be connected with the lake by a small barge canal. Ships could be built on the banks of this basin, the water in which would have a fixed level.
Mr. Hecht, and Arthur McGuirk, special counsel of the Dock Board, devised the plan by which the project could be financed. The Dock Board would issue long-term bonds, and build the necessary levees with the material excavated from the canal.
The committee's formal statement summarized the public need of this facility as follows: