The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-01-14
ST. LOUIS RIVER POWER SCHEME
IS SECOND ONLY TO NZAGARA'S
Superior Of R0mges-le0us
daudW to Be iw !

What wifi be second only to Niagara
water and electrical power development
has been financed the past few days. and
the Improvement Of the waterpower
of the st. Louis river, at the head Of
Lake Superior, where more than two
hundred thousand horsepower are avail
able. and where the initial development
is to be 10000 horsepower.
There are 100000 horsepower in ope-
ration at Niagara, and about double
struction, much Of which will not be in
readiness for some years. Powers at
the eastern end Of Lake Superior, at
Minneapolis, at Holyoke, and along the
western coast in California. have all
been developed to totals Of from 5000
to 10000 horsepower. Most Of these are
famous as the seats for great centers Of
these falls presented SO advantageous a
location for power as Duluth, and it is
safe to say that at none of them was
there such large demand for power,
prior to its installation, and few have
such tremendous fall, SO concentrated,
giving an enormous force to every foot
Of water.
Brewing for Thirty Years.
For more than thirty years the de-
velopment of the power running to
waste over the rapids of the st. Louis
river at Duluth has been considered;
first by Jay Cooke, famous fnancier
Of war times, and the banker who car
ried the load of building the Northern
Pacific road; later by others. All the
early projects looked to the improve
ment of the river itself, and the con-
struction Of series Of dams for gener-
ating direct hydraulic power. The later
advances in electrical transmission have
is hydro electric.
Three projects are included in the
plan, for which initial bond issue of
$4,O0O,O00 has been underwritten by
two leading banking houses, Tucker,
Anthony & Co.. of Boston and G. D.
Barney & Co. of New York and Phila-
delphia These bonds have been largely
oversubscribed and the Knickerbocker
TO advance the money for construction
as required An additional issue of
$6,000,0OO has been provided by the
syndicate, and is to be advanced as re-
CURED for the ultimate completion Of
the full project.
For five years the present plan has
been under development, unit! now all
the engineering and lega difficulties
that can be brought forward are met
and overcome. G.. G. and F. A. Coke.
fair originated the project, the former
as general business manager and the
latter as chief engineer, and an or.
ganized Office and engineering force
has been steadily at work, with the
advice and assistance of many eminent
specialists. The proposition is entire
~ free from all complications of an,
character and the developments in
volve no extraordinary engineering
feats; all Of which simply means thai
the work Of the five years has been wei
done and has stood the test of sever,
examination by experts Of bond houses
and engineering establishments from
the east.
The company is controlled by SOM
of the most eminent business men O.
Duluth, and holds franchises for boil
Duluth and Superior. It has close'
contracts for nearly the entire initia
installation and expects to make ar
rangements for long-distance deliver.
to mines and the installation of cleo
tricity on important railway lines tina
will increase this total several fold.
The st. Louis river offers the onl
possibility for any important develop