U.S. TUNNEL GRAFT.
Land Purchased at Inflated Prices. WASHINGTON, December 1. New graft stories have come to light in the United States Senate investigation of the conduct of banking in the United States. The latest deals with the financing of the great international tunnel between Detroit and Windsor (Canada). The public lost more than 15,000,00') dollars in this project, partly because dishonest bankers skimmed excessive profits of 1,000,000 dollars in buying the necessary real estate at exalted figures. Dummy holders, representing those inside, ran up prices for the ground on which the approaches rested: the promoters also thus obtaining an extra bonus. The tunnel did well for a time, but the bridge spanning the same crossing speedily captured the bulk of traffic and became a much more popular route. The vehicular tube tunnel under the Detroit River, between Detroit and Windsor, was opened on November 1, 1930. It cost 20.000,000 dollars. The total length from portal to portal is 5135 ft, of which 2200 ft is under water. The roadway width is 22ft, and the tunnel has a capacity in either direction of 1000 vehicles an hour.
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Bibliographic details
Star (Christchurch), Volume LXIV, Issue 939, 8 December 1933, Page 1
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187U.S. TUNNEL GRAFT. Star (Christchurch), Volume LXIV, Issue 939, 8 December 1933, Page 1
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