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Updated: June 3, 2025
Wilson, Secretary of Agriculture, has estimated that the waterpower facilities of the South equal 5,000,000 horse-power for the six high-water months five times the amount New England has. By a system of reservoirs this supply could be doubled.
But he came into California worth nothing, and he is now reputed to be worth ten millions and to control vast properties. That would seem to be reward enough for almost anybody. He does not need this Basin property for any of his power projects, except that its possession would let him off from paying a very reasonable tax on the waterpower he has been accustomed to getting free.
Of course, as you realize, the great future of all this country is not along the lines even of such great industries as lumber manufacture, but in agriculture and in waterpower engineering. Here, more than anywhere else in the world, Water is King!" A recollection tickled Bob. He laughed outright. Oldham glanced at him sharply.
The Diesel oil engine and multitudes of electrical machines stand for the latest word in mechanical invention. The Diesel again, with a host of other internal combustion engines, the electric motors and waterpower plants, and the absence of steam machines, bear witness to the downfall of steam.
The Astors have become enormously rich because one of their progenitors bought for an inconsiderable sum farm land on Manhattan Island which is now worth so many dollars a square foot. Others have made gigantic fortunes out of the country's forests, its coal deposits, its copper, its waterpower, its oil.
One of the most important issues of the American liberal movement early in this century had been that for the conservation of what remains of our natural resources of coal and metals and oil and timber and waterpower for the benefit of all the people, on the theory that these are the property of the people.
An old prospector had been equipped and sent out by a few gentlemen, and he had found outcroppings of silver in a range of hills extending not less than three miles. Assays had been made of the ores, and they were found to be very rich. All the timber and waterpower of Deep Spring Valley had been taken up for the company under the general and local preemption and mining laws. It was a big thing.
The gas is utilized in chemical combination with a substantial base, and " "No matter about that, just yet," interrupted Flint. "We can have details later. Do you know of any such business as yet, in the United States?" "Well, sir, there's a plant building at Great Falls, South Carolina, for the purpose. It is to run by waterpower and will develop 5000 H.P."
It is well within the truth to say that the utility of any system of rivers for transportation, for irrigation, for waterpower, and for domestic supply depends in great part upon the protection which forests offer to the headwaters of the streams, and that without such protection none of these uses can be expected long to endure.
I offered them £30 a year for the whole of the buildings, the waterpower, and the dwelling house hard by, also that other immense building yonder, which might prove handy for a store-house; and my offer was accepted. I took all at that rent for sixty years, with six months' free tenancy to start with, and I was also to have a free gift of all machinery and fittings in the place.
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