The Birmingham age-herald., 1912-09-22
 PARKER WILL TALK
 ON WATER PROJECT To Address Trades Council
 This Afternoon 'rk DATA ON THE SUBJECT
DATA ON THE SUBJECT
Coosa River Electric Power Company Has Already Formally Rendered It's Grants to City of
 Birmingham

The Birmingham Trades Council committed to municipal ownership of waterworlxs has invited pr. John L. Parker president of the Board of Trade, to address a meeting of that body this afternoon upon the Coosa River Electric Power company plan which has been officially offered the city by Dr. Parker at the request of President R. IT. Cobb of that company,
 The invitation received by pr Par ker follows:
 "Dr. John l.. Parker. City:
 Dear Sir-At the meeting of the Birmingham Trades Council com mittee was appointed to investigate your Coosa river proposition to the city of Birmingham for water and power from a municipal standpoint.
 "As chairman of this committee we have decided that you kindly faVor us with an address on Sunday even ing, September 22, explaining in de- tail to the delegates of the Birming ham Trades Council the advaptages that your proposition will be to the city of Birmingham.
 "This action is taken with the view of rendering you such assistance as organized labor can, if the plan IS feasible in getting our commissioners to favorably entertain your proposl- tion.
 "Hoping to be advised in the next few days that you will accept this in- yitation as chairman of this commit tee, l remain, with personal regards Yours very truly, CHARLES HILL.
 pr. Parker requested additional in- formation to lay before the Trades Council this afternoon from the Wa ter power companies and the follow ing addition to what has been given the city has been furnished to Dr. Par ker.
 "Our enterprise is based on consid- erations of the most obvious char acter No one who takes up, even for casual consideration, the question of water power in the state or Alabama can fail to become interested in the Coosa river after a few minutes in- spection. Its advantages are striking It is a big river; it is in the right place for marketing power; 1t Is 4oo to 800 feet above tidewater. With watershed of 5000 to 5000 square miles. 1t skirts the eastern side of the entire Alabama mineral district. This district Is now using 100000 horse power, and no one can foresee no" much more it is going to use. Its im- mense resources and potential possi- bilities are only now within the last twelvemonth commanding general rec ogntion from the industrial world.
 '.This site is at Lock No. ?, at Ten Island Shoals, in Calhoun county; point 4s miles as the crow flies from the city of Birmingham. It is only IS miles from Gadsden and Anniston
 ..The river has at this point a water shed of 6S51 square miles and our plans are to develop 25,000 horsepower at thls noint in the first installation, and pros pectjvely, to double this amount. The Csoosa is a large factor in the plans ol the United States government engineers for improving the rivers of Alabama, ana to regulate their flow; and the chiet or engineers and his staff are fully commit ted to the policy of impounding the head waters of the Coosa in one or more large | reservoirs regulating the stream How and increasing the minimum primary | power of the waterpower developments l pm the stream by cooperation with these power companies.
 You I am sure, will appreciate fully | he difficulties to be met in initiating | an enterprise of this kind. And you will l llso appreciate that this work has been l well done when I tell you that the com | pany stands today possessed of the fed eral, state and riparian rights Of Lock No 2 site, at Ten Island Shoals Our national grant is approved by the Sec retary of War, as is also our state char Ter, we having compiled with all the states requirements. Our numerous local Franchises are most liberal. There is no reason why construction work on the | power development at Ten Island Shoals l should not start tomorrow.
 AS stated above, we expect to develop l s50O0 electric horsepower at the deliv- l cry end of our transmission lines from | he first installation. The estimated net | cost of plant and transmission lines is | kCo0o00, and we are now ready to con | rider financing the enterprise on basis | which shall be mutually advantageous to pur stockholders and to the construc- ton capital We estimate conservatively | pn the sale of s0,ooo.0oo kilowatt hours per year tequal to about 10000 continuous horsepower delivered to consumers at an average price of lie. This will yield m annual gross revenue of s660,00o The operating cost including depreciation and taxes, is estimated at Sl50,o00."