The Vermont watchman. [volume] (Montpelier, Vt.) 1883-1911, 1901-10-23
NEW INDUSTRY

MARsHFiHLD, Vt, Oct. 16, 1901 For some
Time u movement has been on too looking
to tn, Urgan,zAIon OF u company with tho
purpose in view OF Harvesting Molley's
FAILS ana by the power 20 be thereby oh
tHineu, furnish electric light and power for
this place, Cab " and Piainheld.
In MA summer It b. came apparent to M.
IL. BeckloV, woo now owns plant fur nlsh-
lug electric lights for this place, that he
must seek more extensive power in order
10 satisfy the increasing demand fOr light.
lie at once nprhed negotiations LEX n 70
the purchase Of Moley's falls. In this ne
40 far succeeded as to be sure OF 200 to 300
horse power and he then decided to invite
four OF the ealing men OF the place to JON
with him in putting in plant upon a large
scale, purchase the remainder OF the falls
and supply the demand tor ligb and power
for this and the other PAGES above mem
TONED, Matters were in progressive
state and q charter had been applied Tor
when tue withdrawal OF some OF the inter.
esJed parties quashed the movement. Moth
ing daunted by these reveraes, Mr.. Beckley
Kept quietly at work and soou Interested n
In parry Hanover, N. H, in the enterprise
and who believed in the success OF IL suf-
tclently to be willing to furnish consider
able OF the necessary machinery and take
pay for same in stock II a company could be-
organized. Mr.. Beckley 1T once COM
menced canvass for the sale OF stock IN
shares of $4,000 each and in less than
week had pledges for the full amount re-
CURED. The first meeting Of tue stock
holders was held at Mr.. Beckey's store,
Monday afternoon, October 7, at which the
following directors were chosen: M. K.
Beckley, j. W. Mears, o. d. Cole, NJ. ID
Warren OF Cabot and Fred Perrin Of Plain
sld. Immediately after adjournment OF
the stockholders meeting the directors held
meeting and elected the folio wing officers:
j. w. Mears, presidents o. ID. Cole, vice.
Ran lao ~ n
Warren, treasurer; NJ. Beckley, business
manager, and l. M. Frost OF Montpelier
co.. sultlng engineer. Mr.. Beckley was
directed TO go to Lowell, Mass, and pur,
chase b. p. Pi kiu's interest in the falls
which he did the latter part OF last week,
which now gives The company possession
OF the entire fall Of 200 feet or more from
the DAuville road to Winooski river, with
the exc ption OF a small fall Just below the
Danviiie road which is Of n o great material
use to the enterprise and continues TO be
held at a very high figure.
Under the direction OF Mr.. Beckley who
wielced an AK striking the first preparatory
blow, the work OF clearing the land prepsr-
atory TO laying OF the pen stalk and erection
OF the power house was commenced Tues
day morning and the work will from now
on be pushed as rapidly as possible 10 com
pletion. Ii Is hoped to have at least part
OF the plant in operation before the close of
the pre- ent year,
Il is impossible to calculate how far reach
ing this enterprise, started by the tireless,
energetic hustling of Mr.. Beckley may be,
but .he outlook now is very hAttering. IL
Is claimed by men utilizing the rushing wa
ters to generate electricity, that the future
of manufacturing is destined to be largely
controlled by electric power, because II can
be supplied at lower rate than any other
and is more conve lent. II this Is 80, the
shores OF the rivers where waters go tumb-
uyill ha ha Nil
build the factories OF the future. With this
power within her borders, Marshfield GER
tsnly should reap her share of the prosper
ity Of the future.