The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1906-05-31
Raleigh News and Observer, 29th.

Raleigh News and Observer, 29th.
Mr.. Il. W. Lassiter, president of the
First National Bank of Oxford, is in
Raleigh in company with Mr.. 0. +.
Smith, of the Westinghouse Elec-
trio Company, OF New York, in con-
nection with proposed introduction
of electrical power into the city from
the plant of an immense corporation
organized at Richmond last Sat
urday to develop the water power at
Eagle Falls, on the Roanoke River,
Just across the North Carolina line in
Virginia.
The corporation, the organizers OF
which are Messrs. Henry G. Murray,
of baltimore, Paul Il. Brady, financial
manager of the Westinghouse Com
pany, of New York, Henry A. Root, a
New York capitalist, Oliver Todd
Smith, of the electrical department
OF the Westinghouse Company, and
Mr. r. w. Lassiter, will have a cap
ital OF $5,OOO,OOO and propose to
erect plant which will have a steady
capacity of production of 10000
horsepower with the ability at GER
tain times of producing possibly as
much as $4,000 horsepower. Pre-
liminary to the construction of the
electrical plant proper there will be
erected across the Roanoke river an
immense dam, the construction of
which alone will involve the eXpend-
iture of two million dollars. Mr..
Lassiter says that the construction
work to be Immediately undertaken
by the company will mean the invest
ment of at least three million dollars.
The purpose of the visit of Messrs.
Lassiter and Smith is to investigate
the possibilities of placing the power
OF the company in the cities of Raj
eigh, Durham, Oxford and Henderson.
Ii these four cities can take the pow
er to be produced the lines of the
company will be run into North Car
Dina; if not, into Norfolk where there
is ample assurance that all the pow
er it can furnish will be taken. By
coming to North Carolina, Mr.. Las
sitter explained that the cost of wir-
ing will be reduced one half, since the
distance on the circuit to the North
Carolina points is sixty and that to
Norfolk one numbered and twenty
| miles.
Mr.. Lassiter, who arrived yester-
day, stated in conversation with a
News and Observer representative
that he had every reason to hope
and believe that the company would
secure sufficient assurances OF cOn-
tracts to Justify the sending of its
power into North Carolina. The
great Durham factories, the Raleigh
cotton mills and the street car sys-
| TENS of both cities, as we'll as the
manufacturing plants OF Henderson
and Oxford are expected ultimately
| to become consumers of the new com
pany as well as members of smaller
| enterprises in all of the towns men-
toned.
Mr. Smith who arrived on an early
train this morning, and Mr.. Lassiter
will spend a large part of today in
meeting representative manufacturing
men and others in Raleigh, who are
interested il the power question,
form and adequate supply of cleo
trical power such as that proposed to
be furnished are manifold and of a
sort to make for an increased pros
perity in the manufacturing and
other enterprises now dependent on
coal as a means of power.
For bloating, belching, indigestion, etc,
eat Rings Dyspepsia Tablet after meals.
Sold by the Kerner-McNair Drug Company.