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14 when the text of the bill is published, the state would have an eventual right to a share of the profits earned by the cargo ships. The government counts on realizing an annual economy of a million francs in the subventions, be-. sides a prospective share of the profits earned under the convention. AN EDUCATIONAL CAMPAIGN. Taking their cue from the national policy, advocated by President Roose- velt and endorsed, without qualification, by President-elect Taft, of carrying for- ward as rapidly as possible, the devel- opment of a general system of inland deep waterways throughout the United States, the business men of Grand Rapids, Grand Haven, Bay City and Saginaw, and of intermediate central Michigan points, have organized what is called the Grand-Saginaw Valleys Deep Waterway Association. The present sole purpose of this asso- ciation is to carry forward a systematic and thorough campaign of investigation which shall reveal the engineering fea- tures and the commercial possibilities of a 21-ft. waterway from Lake Michigan _to Saginaw Bay, by way of the valleys of the Grand, the Maple, the Shia- wassee and the Saginaw rivers. Secur- ing the desired facts, they will be put before the people of Michigan with a view to developing an intelligent public opinion on the subject. The facts in the case which are al- ready known, are that the route pro- posed has its summit in the southeast corner of Gratiot county, and it occurs between the Maple and the Shiawassee rivers; said summit being but 82 ft. above lake levels at Grand Rapids and at Saginaw, and that there is an abun- dant water supply at the summit, to serve the upper locks. The valleys of the streams named constitute a _ nat- ural channel whose contour lines show an average elevation on either bank of 75 ft. over the entire distance. Accord- ing to the surface geology maps of the Michigan state geological survey, this route constituted the glacial outlet for the waters of Lakes Huron and Supe- rior, to the "Chicago Outiet'" andto the Gulf of Mexico. It is also known, by boring tests, that there is a deposit of at least 50,000,000 tons of high grade coking coal in Gratiot, Shiawassee and Saginaw. coun- ties and millions of tons of salt, now not available because of the lack of cheap power and cheap transportation. In the vicinity of Ionia are very large de- posits of red sand stone and in the limits of the city of Grand Rapids oc- cur the largest and finest deposits of gypsum in the country. TAE /VARINE REVIEW Such engineers as Lyman E. Cooley and the late George Y. Wisner, have declared that the construction of a 2l- ft. waterway along the proposed route is absolutely without an _ engineering problem, and Mr. Cooley has added that "it is the most available route through Michigan with the largest possibilities, and is perfectly located to serve as the trunk line canal for numerous laterals." The proposed route traverses seven counties which have an aggregate popu- lation of 42,000, of which 240,000 are residents of the 25 cities and villages located thereon, and each one of which has substantial and thriving industrial and commercial interests. HILL LANDS SHOW MORE ORE THAN ESTIMATED. In speaking for pwwhbiication on the Great Northern ore lease to the Uni- ted States Steel: Corporation, James 'J. Hill said: last. week that up to the end of the present fiscal year of the ore trust, Dec. 7, 1908, the Steel Cor- poration will have paid in about $2,000,000 since the lease was made. To be exact, the amount figures' out $1,963,500, counting a minimum of 750,000 tons for 1907 at 85 cents roy- alty and a minimum of 1,500.000 tons at 88.4 cents royalty for 1908. "But the Steel Corporation," adds Mr. Hill, "igs not taken aston of 'ore out of the lands leased to it. It has been engaged exclusively in exploration work, drilling and stripping the sur- face above the ore bodies, and in mak- ing arrangements for rapid economi- Cal miming "lhe ore lies as a 'rule from 60 to more than 100 ft. under the surface. In this exploration work it has expended approximately $4,000,- WOU, so. that by the end of the year the company will have paid about $6,000,000 without extracting a ton of ore. The exploration work showed the mines to contain a much greater. amount of ore than was estimated at the time of the contract "The esti- mates then ranged between 500,000,000 and 750,000,000 tons." JAPANESE ADMIRAL DIES. Admiral Count Gombel Yamamoto, former minister of the Japanese navy, died at Tokio Oct. 29. Admiral Yamamoto was born in 1852 and was one of the first to grad- uate from the Japanese naval acad- emy, completing his course in 1877. He became successively secretary to the minister of the navy, director of a bureau, vice minister of the navy, and finally, in 1898, minister of the navy. He continued to hold that post made full admiral during the Russo-Japanese war, being in 1904. Admiral Yamamoto was always a popular fa- vorite and was at one time talked of as the probable successor of Prime . Minister Salonjo. He made a tour of the Eusopean navy yards with a party of Japanese officers last year and came also to the United States on the same er- rand. Admiral Yamamoto was strong- ly pro-American and constantly urged upon his fellow countrymen the con- tinuation of friendly relations with this COUNTRY: TRIAL OF BATTLESHIP INVIN- CIBLE. The British battleship Invincible, the latest addition to the British navy, in a trial recently under seven- maintained a tenths of her power speed of 25 knots-an hour. It is be- lieved that the new- vessel when working under full power will reach a speed of nearly 30 knots. The In- vincible is a sister ship of the In- domitable which recently made aphe- nomenal' run across the Atlantic with 'the Prince of Wiles aboard. The Invincible's displacement as given in the navy list is 17,251 tons, but with the sinkage to deep load displacement due to maximum coal and storage supply, she has some- thing like 21,000 tons. Her length at the water line is 530 ft., her beam is 17 ft. 6 in, draught about 26 ft. She carries eight .50-caliber 12-in. guns mounted in pairs in barbette turrets. One turret is forward, an- other abaft, and the other two amid- ships, placed in echelon. With this arrangement. they can all be fired on either broadside, or broad on the bow o: quarter, and six of them directly ahead or astern. Other guns are 16 4-in. guns of the new model for anti- torpedo boat work. The machinery consists of Babcock & Wilcox water tube boilers designed for 41,000 H.P., with Parsons turbines. It is understood that the Invincible on her full power trial steamed 28 knots an hour over a period of eight hours. This would practically make her 10 knots faster than any battleship in the American navy. The contract for the structural steel for the light and fog signal station to be built at White Shoal, Lake Michigan, has been awarded to the Milwaukee Bridge & Iron Co., Mil- waukee. The cast metal will be fur- nished by the Atlantic Machine Co., of Atlanta, Ga.