The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-07-18
A WASH POWER UNUSED.

A VAST POWER UNUSED.
An organization that was recently
/ formed for the purpose of bringing to-
| public knowledge the advantages of
upper James River Valley is we'll worth
j the while. There was time when this
4 section of Virginia dominated or large
lily influenced the commercial affairs of
4 the State. The old canal was a Won
4 derful developer of business, but in
! the changing economical conditions
4 brought about by the vicissitudes Of
/ war and the destruction Of the canal,
/ vast natural advantages on James
l5River have been undeveloped. 1t IS
Inot wide of the mark to say that there
/ is scarcely in America for an equal dis
tance such Il vast amount of unused
water power as there is on James River
j from Lynchburg to the falls at Rich
| mond. The development of the water
4 power along this distance of 16o miles
sIscould produce u sufficient horse power
!. TO operate millions of spndles and
drive electric cars in Richmond, Pc
tersburg ana Lynchburg, as will be
i nish power to every mandatory that
A could be established i'll this great val-
4 ley. With the enormous growth Of
4 manufacturing in Virginia, It is not
eXtravagant to predict a development
4 in this valley that will make ii at no
distant day one Of the most prosperous
Il and richest spots on the Atlantic sea-
board.
The great natural resources adjacent
TO this valley in the way Of splendid
slate. lumber stone, kaolin. friedrich
clay together with coal and lime, give
the proof that in this valley can be
erected economically vast manufacture
ing industries and great iron and steel
furnaces. The progress of the manu-
featuring in Virginia the last twenty
five years has been wonderful. In 1850
i Virginia had about s27,0o0,OO0 carital
invested in manufacturing. In 1900
she sad over s1S2 100000.
: Already between $4000o,000 and $50
100000 have been put into hydro cleo
trical work in the South, and there has
been developed some 500, oOo-horse
9 power. On the Yadkin River Pitts
$ burg capitalists are at work in con-
: temptation Of the expenditure OF over
? s7,000ooo, and plans have been well de-
I Veloped to control a dozen waite,
powers OF the Catawba River, which
: will entail an expenditure of probably
eight or ten million dollars There /.
also plan on foot TO develop an i'm
: mcnse water power on the Tennessee,
River near Chattanooga, which will b,
ar outlay OF between four and five mil
lion dollars. The remarkable work
done on the Chattahoochee at Colum
bus, Ga, and the development o
Muasel Shoals on the Tennessee in Ala
!, bama, have all given Such profitabl
, returns that the investment in suci
i property Is no longer experimental
I, Ten million dollars invested in the de
i velopment OF electrical power O
Or James River would bring satisfactor
q. returns to the investors, Such move
IN ment would mean great prosperity 70
he Richmond II would add largely 10 tn
he wholesale jonbing trade Of Richmond
ee and would give impetus Of new lii
es throughout this entire section,
How long viii these great natural or
II q portun'ties remain unutilized?
u - --T== =====-;;==-===-=
~ 'hEsibEST ROOsEEELT9S SOCIAL
M ISM.
le- ON TUESDAY, July ath, the announce
no. ment was made that President Roos,
sol Felt would draw the ianga OF the II,
eh baeeo Trust by the peaceful means
Is appointing Federal receivers 10 "ope
N ate direct sell and resolve the tru
II in'9 It's primary and original con
ef Etituent paris" To the plain citizt
ere who regards receiver az an oflcer
ese3 tEe court 70 wind up defupct corpor
PEI tlons or manage the affairs OF contcs
Gi- inG litisants some time 10 required
age adjust the mind to the presidenti
est brand OF receiver to wind up solve
business and assume control again
ieds the YIN of The owners who are n
18th lltlgating amy question between ther
md selves. such change OF yiewpoint
me 10 the rights aud duties Of courts a,
Top tiseir officials takes time, bur the Pre-.