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56 wanna railroad does now in Hoboken and the Pennsylvania is preparing to do. In the opinion of a competent authority the charges on grain stored in these boxes will equal or exceed the rentals from the owners of them, so that finally the state will at least come out without loss on the trans- action as a whole. The total amount of rentals for the period of a year, however, is likely to run to a rela- tively large amount, probably upward of $100,000, which is expected to be balanced by receipts from storage. If the enterprise can be handled like a private business the only funds needed are $10,000 as working capi- tal, income being used for further rentals. Use Elevator Seven Months At present the elevator can _ be actively used only about seven months in the year plus the time required to dispose of grain stored at the close of the season. To keep a work- ing force of the right kind, however, it is necessary to carry most of the personnel through the winter, when they are used for cleaning up and. making minor repairs without being on an actual production basis. If grain arriving by rail during the winter could be brought to the eleva- tor on car-floats it could be handled at sufficient income to pay the in- terest on the necessary investment MARINE REVIEW and help to pay the winter salaries, in all probability. When the elevator was constructed the layout was made such as to per- mit adding railroad tracks and acces- sories later with virtually no change in the structure as built. The plant now required for the purpose consists principally of railroad tracks, a float- bridge, a transfer table, a small loco- motive, a track hopper and a _ boot. If the canal will assist in maintaining the: flow of commerce through the state during the season of navigation it is reasonable to use an accessory of the canal for the same purpose in con- junction with other agencies at other times in view of the broad ground herein taken that the principal pur- pose of the canal is to increase the prosperity of the state, even to the extent of co-operating with railroads, rather than simply to divert tonnage away from the railroads. If the state expects the railroads to co-operate with the canal the state should ex- pect the canal to co-operate with the railroads. Such improvements as this are war- ranted because the Gowanus bay ele- vator is almost a self-sustaining in- stitution when operating at a %-cent rate per bushel and undoubtedly would yield a handsome return to the state if operated at the l-cent rate charged at Buffalo. Since receiving the first bushel of grain on Sept. 8, 1922, up Marine Engineers Call on the President Henry Miller’s News Picture Service Inc. March, 1927 to Dec. 1, 1925, the superintendent of public works has reported to the comp- troller an income of $356,118.67, an average of about $110,000 a year. The expenditure for personal service at the elevator is stated at page 47 of the superintendent’s annual report for 1924 to be $109,487.12 for the fiscal year ending June 30, 1924. The deficit is never large enough to be called a subsidy to the grain trade. The Oswego grain elevator was not completed for operation until late in 1925. It is likely to be the means of maintaining the flow of at least a part of the export grain through the United States after the Welland canal enlargement shall have been completed and Canadian elevators built at Kings- ton or Prescott. Summing up the situation, it may be said that the barge canal terminals are necessary and are ready for use, but that they will not be extensively used until a good packet line is placed in operation. Exceptions to these statements occur at the Gowanus bay elevator, Erie basin, Buffalo, Pier 6, East river, and at other points. The large plant of the Atlantic Corp. at Freeman’s Point, Ports- mouth, N. H. used as a shipyard for the building of steel ships during the war, has been taken over by the Atlantic Gypsum Co., which will have plants in New York and Nova Scotia. UTUUULELUUTU ECU EUEETTTEGEL ARTE TeATT OTHE EAT PRESIDENT Coolidge, center, surrounded by members and officers of the National Marine En- gineers Beneficial associa- tion who ealled at the White House while hold- ing their national conven- tion in Washington. To the right of the President is “W. Fy Yates: New York, president of the body, and to the left is A. L. Jones, of Detroit, secretary, with Secretary of Labor James J. Davis, who presented the group to the President to the left of him. Fifteen thou- sands marine engineers were represented at the convention. UUULAUUUULUUUTUUTUNERLAUNHENUONUOTUEE AU