"1. It will provide practical, convenient and fixed-level water-front sites for ship and boat building and repair plants, for industries and commercial enterprises requiring water frontage.
"2. It will provide opportunities for all enterprises requiring particular facilities on water frontage to create such facilities.
"3. It will permit the complete co-ordination, in the City of New Orleans, of the traffic of the Mississippi River and its tributaries, of the Intracoastal Canal, the railroads and the sea, under the most convenient and satisfactory conditions.
"4. In connection with the publicly-owned facilities on the river front, it will give New Orleans all the port and harbor advantages enjoyed by Amsterdam with its canal system, Rotterdam and Antwerp with their joint river and ocean facilities; Hamburg with its free port, and Liverpool with its capacity as a market deposit.
"5. It will give New Orleans a fixed-level, well protected harbor.
"6. It will serve the purposes of the Intracoastal Canal and increase the benefits to accrue to New Orleans from that canal.
"7. In connection with revived commercial use of the inland waterways upon which the federal government is now determined, it will open the way for an easy solution of the problem of handling, housing and interchange of water-borne commerce, and of the development of facilities for the storage of commodities between the period of production and consumption.
"8. It will prove an important facility in the equipment of New Orleans to meet the new competition the enlarged Erie Canal will create. The original Erie Canal harmed New Orleans because Mississippi River boat lines could not build their own terminal and housing facilities at New Orleans."
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W. A. KERNAGHAN Vice-President |
RENÉ CLERC Secretary |