The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-04-08

pass when the Narrows of the Yadkin
came into the possession of Mr.. e. B. c.
Hambley and his associates who organ
lied the Whitney Reduction Company.
The Narrows of the Yadkin, in Stanly
county. North Carolina, is the finest
water power in America except that of
Niagara. For generations the value Of
this water power has been known to many
PEOPLE of North Carolina, but II awaited
Ike men who had the capital to develop
it, Under the ownership of the progress
s:ve men who have organized the Whitney
RcG.ction Works,this magnificent water
power is being rapidly developed and
soon it will be furnishing 10000 horse
rover to hundreds of manufacturing es-
tatlishments in large portion of enter
rrising North Carolina.
The past ten years have witnessed the
greatest manufacturing development in
the history of North Carolina. The num-
Lcr of establishments have grown from
1867 in 1890 to 1926 in 1900; the capital
invested from s32,745,995 to s76,5O3, 1874;
the value of the product from $40, ,450
TO s94,919 66S. This wonderful expansion
will be accelerated when the magnificent
water power being developed by Mr..
Hambley and his associates reduces the
cost of power one half. If man is a
benefactor who causes two blades of
grass to grow on land where previously
nnIxy do hot cho11 no oil
of the man who cuts in half the import
ant item of power in the cost of manu-
featuring? With this cheapened power
available, the manufacturing Industries
of the State will go forward by leaps and
bounds.
One hundred and eighty million tons OF
water runs over the dam now under con-
struction by the Whitney Reduction
Company at the Narrows of the Yadkin
every second.
1t will require 5000 car loads of twenty
tons each of granite to supply the neces-
sary stone for the dam at Falls Mills
Ferry, which will be $500 feet long,
forty feet high and fifty feet through
the base. The total minimum water
flow will be directed through a canal four
and half miles long, forty feet wide at
with an average depth of twenty feet
1t will carry 1900 cubic feet of water per
second. At the end of the canal will be
a big forebag. The water will be con-
veyed through eight penstocks, each eight
feet in diameter and 600 feet long, to the
turbine wheels. The water will drop 12O
feet and develop twenty thousand horse
power net. This power will be devcl-
oped into electrical power by means o.
large generators and the current will be
transmitted to Salisbury, Concord, Char
lotte, Lexington, High Point, Statesville,
Albemarle and other towns and cities.
The company will be able to transmit the
current within a radius of eighty miles.
Speaking of the enterprises Capt.
Hambley recently said:
"Our big power house will be 800 feet
long end 100 feet wide and will be built
OF stone and brick. It will cost about
$1,000 The machinery that we will
place in this house will cost about $780,
ec0
1--WE expect to have the plant in operation
in two years AMI then the secon1 devel-
oprncnt will be commenced. This will
also be by means of the dam and canal.
By this second development we wi, add
?t,O00 horse power to that already de-
veloped, or total of $4,000 horse power.
This would be sufficient to run three
fcurtns of all the spindles in operation
in North Carolina today. The company
will also put UP a large cotton mill and
supply it with this power in order to
prove to the mill men the advantageous
features connected with the use of this
power. 1t will also build a fertilizer
factory All the developmcn. work will
cost about $4,000, 00O."
Capt. Hs,mbley was asked MS to the
comparative cost of the power of this
company, and power produced by wood or
COAL
1.-The cost per horse power now is about
$50 for every twentyfour hours. BY this
electrical power the cost will be reduced
one-half. BY way of illustration, take
a mill with 100000 capital that con-
sumes 1000 horse power and the total
cost for power is $50, 900. At our rates
this cost will be reduced to s25 900, or the
equivalent of dividend of per cent.
All mills fortunate enough to be in reach
of this power will be able to sustain any
periods of depression more easily than
those mills that are compelled to pro-
vide power as heretofore
The power generated could run more
than 600 average mills of 500 horse
power
BUILDING NEW RAILROAD.
The company has given contract for
the building of railroad six and one
fourth miles long from New London
(twenty miles from the main line of the
Southern Railway 1t will be built with
the heaviest steel rails of broad (stand.
ard guage. and the road will be COM
pleted and the trains will be running over
1t by the first day of June. Then the ac-
tual development will begin.
TO MANUFACTURE FERTILIZER.
The Whitney Reduction Works are To-
Gated two miles from Gold HilI--a rail-
road spur running to the works. The
company owns four hundred acres. con-
tanning rich gold deposits Ore runs
$3.50 to the ton in gold, ten per cent sui
phite. which carries Az of metallic sui
phur. 1t has gold ore yielding gold ard
ten per cent pyrites, which would pr.fuce
nf CuIn