The daily morning journal and courier., 1906-10-18
VALUABLE TO INVESTORS.
THE CONTINUED UNPRECEDENT-
 ED USE OF ELECTRICITY.

Aes EFOuuct1On Dy " '"0
 Cheapest Method--Exnmples of This fin Europe and Here-Electricity and
 Railroad Trausportation-The New ! Haven and Other Roads.
 The broadening uses of electricity and the energies directed toward generating l and supplying it by the cheapest meth- | cd Is one of the most important aeVel- 1 opments of this time ot. pertinent in- terest to investors; the cheapest meth- cd being, of course, by water power. | In Joking I'D this subject during the | course of a year we find that European bankers and investors show a particu- | lar interest in our American water power securities and are from time to | time buyers of this class of investment. Being from long experience discriminat-
 ing and farsighted in selecting held | for investment their confidence was suggestive; pursuing the matter 1t soon appeared that, in a country increasing rapidly in population, particularly in it's cities. and becoming with enormous | speed a manufacturing nation, and re- during for it's needs and convenience 1 tremendous railroad facilities, there was a. rising demand for more and more
 electricity and that this demand would continue.
 The development of water powers in Europe has been taking place for a considerable time, but progress in re- cent years has been more marked in Italy, Switzerland, Austria and Nor
 way. One of the American electrical journals of prominence in it's recent is- sue, contains accounts of various plants, including one in Italy which transmits current ffty-six miles to it's
 sub-station in Venice, and another in Norway transmitting current over 100 miles to consumers.
 The adoption of electricity for rail- road transportation discloses its most important development thus far This country contains number of high speed electric traction roads and a number of eectric traction systems con taining several hundred miles of track; but the most important undertakings
 are those of the N. Y, N. H. & H. R. | R. Co.,, the New York Central R. R, the Pennsylvania R, R, and the Erie R. R, Cd. The Pennsylvania will use elec- 1 tricity at it's New York terminal en- tirely and has electrified and is operat- | ing it's sixty miles of line from Cam den to Atlantic City; the New York Central Is eectrifying it's New York terminal and lines within twenty-five miles thereof, and is electrlfying the West Shore railroad from Utica to Sy- racuse; it is also carrying out plans | for the creation of an electric system of lines crossing the state of New York 1 and already owns a controlling interest in the electric traction systems of that ] territory, many of which have been con- neeted. To complete this system It is understood that certain portions of its steam lines are to be electrified, estab- fishing the electric railway connection between Albany Schenectady and Buff falo In pursuance of this plan it has contracted for Niagara power to be de- liyered at Rochester and Syracuse. | The Erie railroad has decided to cleo | trify it's branch line from Rochester to Mt. Morris, for which purpose it has | contracted, like the New York Central, for Niagara power. Should this elec- trification be successful it expects to eleetrify other and more important lines in that territory, and in this event it can be expected that the Lehigh Val ley Railroad company, operating there under similar conditions, will follow suit and eleetrify it's lines.
 The N. iY., N. H. & H. R. R. Co. Is electrifying its lines from New York to Stamford, Conn, and upon it teh atten-
 tion of railroad men throughout the
 country is directed. If the success an
 ticipated attends it's operation one may
 expect soon thereafter to sec work be-
 gun upon the identification of it's en-
 tire line from Boston to New York and
 to witness forthwith the railroads
 throughout the country entering upon
 the work of electrifying a greater or less portion of their lines. Practical commercial engineers lok to see the Pennsylvania railroad, for instance, continue it's identification from the 1 New York terminal and Jersey City on to Philadelphia and later to Washing ton, D. c. thereby making in connec- tion with the N. Y, N. H. & H. R. R. ' a through electric line from Boston to Washington The character of the
 population served by the N. Y., N. H. & H. and the Pennsylvania railroads in the territory mentioned makes this
 possibility probability, waiting appar-
 ently only upon some necessary expe- lriencs
 Unquestionably electric traction for
 steam railroads is practicable; unques-
 tionably it is preferable from the stand
 point of cleanliness, convenience and
 general efficiency; it promises to be as
 popular as the substitution of electric
 for horse railroads, and unquestionably
 it wou'5 mean larger gross business wherever adopted. The questions of im- rortance are-f!rst as to its economical possibilities arc, second. as to it's op- arating r., 'iLil ties. The work now
 being undertaken will demonstrate how large an eI,opditure for electriflcation
 wilt yield des irable return, ani WI
 provide the knowledge of experience as
 to operation, from which information
 each road may decide how rapidly il
 may equip itself for electricity Sig
 nifieant conclusions upon this very