The Newtown bee., 1903-03-13

sold to single corporation engaged in electricity and trolley business. The dam at Great Falls would develop ,, 2,50O | horse power. The dam at Kent Fur mace would be B feet high and would give head of 40 feet and develop 1,5OO hor SC power. The dam below Gay- lordsville, at Boardman's Bridge," in New Milford, would be 23 feet and would give head of 30 feet and devel- op 1900 horse power. The company de- sired to make the Improvements for the purpose of making electricity to sell. MT Shipman then said that the statements which had been circulated , that the company intended to turn the water of the Housatonic outside of the state was of the silliest character. In order to provide against any such con- tingency Mir Shipman submitted the. following:
 "Nothing in this resolution, nor any resolution to~which this is an amend ment, shall be deemed to authorize the New Milford Power company to divert water from the Housatonic river or it's tributaries out of Connecticut, but all waters of said river after use for the development of power by said com pany shall be returned to said river, and in case of diversion of the water aforesaid, the privileges herein con- ferred shall besvoid."
 MT Shipman then said the com pany wished the right to dispose of it's power in other companies ''by agreement with such other incorporated company or companies. It also desired the right of eminent domain. In addition the company wished the right to issue bonds not only on it's water powers but also on it's distributing lines and plants. The resolutions also provided that the company should not detain the flow of the Housatonic riverin the operation of it's business. Allan w. Paige, as counsel for the Ousatonic Power com pany. said it would be preferable to say nothing about the detention of the water as the interests on that river be- low were safe-guarded by common law. Mir Paige added that the construction of reservoirs and dams by the New Milford Power company would be a benefit to the interest below. MT Ship man then said it would be preferable to leave the matter to the common law. Under the common law a pro- prietor above others had right to de- tain water reasonable time.' Ex- Comptroller Nicholas Staub of New Milford said that over 20 years ago he 'got the fever" that something should be done with the HousatoniC river for the benefit of the people oi that vicinity. He found that at Falls Village S2OO,O00 had been expended on a water power in 1852. The proprie- tors of that property could not agree what to do with it and it lay idle. MI Staub then, in company with some Hartford men, got charter for the New Milford Power company and Se cured options on the land along the river. When these options expired he was haAd pushed for money but by the assistance of Isaac Bristol at New Mil. ford, who loaned him S16,O ,OOO, he kept the options alive and in some cases bought the land outright. His object was to benefit the Housatonic valley Then Engineer BOgert of the state ot New York looked the prospective wa. ter power over and said that that at Falls Village was superb, sand shoul be utilized. MT Staub then interested capitalists and made contract with them to develop the power. At that time residents of the HOusatOnic val. ley and especially of Falls Village , were most anxious that power in the river should be developed. The work was now going forward. In conclusion Mir Staub said he had a small pecun. iary interest in the New Milford Pow. CT company, his total holdings amount ing to $2O,OOO. He was not an officer of the company. In reply to w. B. Smith, MT Staub said he had pur- chased the majority of the stock of the Falls Village Water Power company. He had sold this stock to the New Mil. : ford Power, company. As far as he knew the Falls Village Water Power company was still in existance. MT Staub sad he did not know the names of the New Milford Power company. To Donald T. Warner, MT Staub sai