| Show FLOODS TO HELP BUILDING INDUS INDUSTRY fRy its an 1 wind that blows no according to the old saw one good and tt it also seems to be a rare flood that its mitigating effects the recently swept tile the country killing many per persona ions devastating va the homes of hundreds of thousands and doing untold anil lions ol of property damage were as bad as any in our history and the worst ot of recent times the mitigating ailt agat effects lie in ill the fact that they have made necessary a tremendous amount of rebuilding and tha that 4 in notably the long lethargic heavy industry industries ies will be stimulate I 1 accordingly i one almo almost i st Ini inevitable result ot of the floods will be a longtime long time pro 1 control projects to gram ot of flood stop such in the future such a program will entail tremendous expend expenditures klima over I 1 a period ot of years and will bring bus blis iness to all basic industries Indu 1 j A more immediate result will be the great job of 0 repairing machinery in flooded fat factories tories and places i 1 ot of business electrical equipment equipments 1 machine tools meters and other ini I 1 st etc no one knows how much of this kind of goods was ruined some of it can be repaired much of it must be replaced entirely in either case industry Is going to find a vast number of rush orders on its hands it Is estimated that insurance cov rago prage of flood damage to businesses amounted to only I 1 per cent A still similar situation exists in regard to flooded homes so businesses and individuals will have to dig into their own pockets to gay the astron orical bill |
