Word: hydros
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...sense the projects envisioned before the luncheon in Milan, last week, interested observers turned to a report on the Italian hydro-electric industry which was issued recently by Signor Giacinto Motta, managing director of the great firm which produces 30% of the electricity used by Italians, namely the Edison General Italian Electric Co. of Milan. Brisk and explicit, Signor Motta keynotes thus...
...total investment made thus far in Italian hydro-electric companies is roughly equivalent to half a billion dollars, a sum which would have to be doubled to attain "utilization of all Italy's hydro-electric resources...
...power plants must include not only hydro-electric but steam-driven generators. "We must mix the white coal [water power] with the black coal [thermic power]," declares Signor Motta, "[to] make up for the deficiency of water power in years of minimum rain fall...
Atlanta, with more than 870 national corporations with branch plants, warehouses or sales offices there, was delighted. The Industrial Bureau advertised: "Here is one location they [transplanted concerns] found abundant raw materials. The finest type of labor in the world-willing, intelligent Anglo-Saxons. Plentiful plant sites. Ample hydro-electric power. Lower building costs. Invigorating climate, permitting efficient, year-round production . . . 8 great railroad systems, with 15 main lines...
...example of how U. S. foreign loans strengthen the arms of those he contends are ready to strike the U. S.: "It is reported throughout the European press that the German cartel, the I. G. (Interessen Gemeinschaft Farbenindustrie), has, through exchange of stock, merged with the Norwegian Hydro-Electric Co. and that the latter is contemplating a great expansion of its operations for fixation of nitrogen through a loan of $20,000,000 which it expects to get through one of the great American banking organizations.* "Is it right?" questioned Dr. Herty, "that the savings of our people should...