The Birmingham age-herald., 1912-06-29

being able to select the siteswhich seemed to us then. and seems to us now. to be the best which the river asfords This site Is at Lock No. at Ten Island shoals in Calhoun county. A point 4S miles as the crow flies from 'the city of Birmingham Ala. It is only)18 miles from Gadsden and Anniston.
 'lhe river has at this point a water shed of 6S50 square miles, and our plans are to develop 25.000 horse power in the nrst installation, and prospectively to double this amount. Tho Coosa Is n large factor In the plans of the United States government engineers for improving the rivers of Alabama, and to Regulate thelr How and the chief of engineers and his ssai, are lully coinmltred 10 the policy Of impounding the ->ieadwaters of the coosa In one or T.1ore large reservoirs. regulating the sp~.am flow and .increaslnsr ~ ei'o nIii,ihuih y imary power of the water P"NfeI "eFsP pments on the stream, by eo-opeia.p q with these power companies ouf suy neers report that this Is entirely @ pi able. either as a government meas- ui v Jr as a secondary development under ooV own auspices. and that 1t will double -he amount of strict primary power which we shall have for sale from tho dam at Ten Island shoals.
 'ft Is needless for me to detail the steps which we have taken, or to set forth at length the time. money and patience which have been required. in order to ac- quire from local. state and national au- tlsorities the franchises, charter rights and grants necessary to authorize the building of a water power development upon a navigable stream. You, I am sure. win appreciate fully the difficulties to be met in initiating an enterprise of this kind. And you will also appreciate that thls work has been well down when I tell you that. tine company stands today possessed of 4he federal state and ripa- rian rights of Lock 2 site at Ten Island shoals. Our nationaf grant Is approved by the Secretary of War, as Is also our state charter. 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 should not start tomorrow This, I believe, /can be said of no other water power development fin the state of Ala bama on a navigable stream.t "As stated above, we expect to develop 25, ,000 electric horse power at the delivery end of our transmission lines from the first installation. The estimated net cost Of plant and transmission lines is s2,ooo.- GO. and we are now ready to consider financing the enterprise on basis which shall be mutually advantageous to our stockholders and to the construction cap ital We estimate conser9atively on the sale of 60.0oo0O0 K. ". hours per year fequal to about 1000 continuous horse power delivered to consumers) at an av- craze price of 1 1c. This will yield an an- nual gross revenue of s66O.O0O The operat- ing cost. including depreciation and taxes. is estimated at s150.000
 We believe in our enterprise; if looks good 10 us from every aspect: we hope sooneto advise you of our financial plans. Yours very respectfully
 ROSWELL II. COBB. "Presldent Coosa River Electric Power
 Co.
 Birmingham, Ala, fr-z 1s l912.'