This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1913 ...been shown to be, the rate at which that demand grows year by year is so very great that within forty years--it may be within twenty years--the inevitable upward movement in the price of power and the price of coal wi.l begin. And when it does begin, it will proceed at an accelerated rate, in spite of all that the states and the United States may do. While the average citizen proceeds with his accustomed round of duties and thoughts, wholly oblivious of all such considerations, there are men who are keenly alive to the situation. They realize that ownership of water power, today quite desirable, will tomorrow be most enviable. When a coal mine has given up its coal it has become worthless. Water power is perpetual. The profit from a ton of coal may be taken by its owner but once. The profit from a falling stream may be taken thn year, and then again next year, and the next and the next. And while a coal mine becomes intrinsically less valuable every year, a water power intrinsically becomes more valuable as the depletion of the coal supply progresses. Considerations such as these constitute potent reasons for a desire to own and control the large water powers of the country. Another reason for such a desire resides in the peculiar nature of water power, whereby it lends itself naturally to monopolistic control. Power may now be transmitted electrically over long distances with good economy. The street cars of Nashville are now operated with power generated at Parksville, 160 miles distant. The Southern Power Company has transmission lines in the Carolinas aggregating over 1380 miles in length. A company which owns a network of transmission lines and a number of water power developments within the territory which it covers, can so use its power as to effect ...