Word: niagara
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...Niagara Falls...
...greatly con- cerned. Allis-Chalmers follows only General Electric and Westinghouse in the field of large electrical equipment, manufactures also a diversified line of farm machinery and machines for general industrial use. World's largest hydroelectric unit is the 70,000-horsepower engine built by Allis-Chalmers for Niagara Falls Power Co. Yet even in 1929 Allis-Chalmers showed a net of only $4,300,000, made but $3,600,000 in 1930 and for the first quarter of the present year netted approximately $500,000. Meanwhile, Advance-Rumely, although famed in the field of farm-equipment (many...
...Power Authority must first obtain consent from the Federal Government and Canada to dam the international rapids. Then it must negotiate marketing contracts with private companies, particularly Niagara Hudson Power Corp., for the distribution of its power. These contracts, of great importance in the whole scheme, constitute the State's new method of rate regulation whereby the benefits of public production may be passed along to the consumer. If reasonable contracts for the control of prices cannot be made, the Power Authority must return to the Legislature for additional permission to go into the power transmission and distribution business...
...Share connection has brought co-operation between that company, United and Superpower. His first position was with Simpson, Thacher & Bartlett, attorneys, when Dwight Whitney Morrow was a partner. This probably led to his connection with the Morgan group. In addition to his position with United, he is chairman of Niagara Hudson's executive committee, a director of U. G. I. and of Chase National Bank. Hence he has little time for his favorite recreation, trout fishing...
...speak of United Corp. as the Morgan-Bonbright group is no longer correct. It is the Morgan-Bonbright-Carlisle group. And to serve history fully, a fourth name should be added to the hyphenated group, that of Schoellkopf, the family which has been carried to wealth and power by Niagara Falls. In 1850 Jacob Fred Schoellkopf started a flour mill above Niagara Falls, powered by an old-fashioned water wheel. In 1890 the use of water for electric power was introduced and he put in a plant, made long term contracts of 40 to 50 years...