Show I REPORT TO STOCKHOLDERS Arthur W. W l Pago lage aga for tor tho the National Conservation commission has made ade report through the pages of Tho The Worlds World's Work Vork to Uto the stockholders of the Iho United States This Titis la Is tho the commission commission com corn mission o of which Senator Smoot is a member member the the Iea leader cr in indeed lee of or one ono great section An And a a. moro more Instructive statement of essential facts could not well be given One is inclined to like liko that report to the stockholders Forthe Forthe For Forthe the citizen of tho the United States certainly certainly is a a. stockholder And here bere 13 la laa a means of finding something of ot his company's s assets Mr 1 Page states that the most necessary necessary necessary sary Improvements demanded are 1 A deep waterway from the tho Gulf Gut of or Mexico to tho the Great Lal Lakes es 2 A deep an and continuous inner passage e along the Atlantic coast from New ew England land to Florida 3 The Improvement of or tho the Ohio for navigation Including the building of and the protection of ot the forests along tho the headwaters 4 i The improvement an and canalIzation canalization canalization canal canal- of ot the Missouri and upper Mississippi l 5 i An Inner passage from Florida to the Rio Grande I S 6 Improvements In In inthe the Columbia river and Puget Sound and In the San Joaquin and Sacramento and Feather rivers in California It has been roughly estimated that that these improvements would cost fifty million dollars a year year- for tor ten years rears President elect Taft TaCt whilo not specifying spec spec- these particular Improvements has said that ho he approves of an issue of at bonds bonda to carry out waterway Im Im- Irn- Irn pro It Is estimated that the direct benefits benefits benefits ben ben- of ot such Improvements would be 1 An annual saving of or In transportation 2 An annual saving laving of or p 00 in damage 3 An annual saving of or through h cheapened power 4 An annual saving of ot 1000 from tho the decrease e in soil erosion ero ero- sion slon S Certainly that is Ia a good proposition The Tho nation can not satel safely refuse to tomake tomake make maJie Investments which will wm yield so handsomely to the Utho stockholders ers of or orthe the United States |