realized. New York capitalists, with millions of dollars at their
command, have united in a great scheme to supply electrical energy to
run the elevated and surface railroads and the factories of the
metropolis. They propose to do away with steam entirely, except for
heating purposes. They will control more than 1,000 square miles of the
watersheds of the Catskills, and the mountain streams will be harnessed
to furnish electricity for New York. The company claim to have the
names of such well known persons as Thomas C. Platt, Silas B. Dutcher,
and Edward Lauterbach as interested persons in the scheme, and it is
said that the undertaking will be on a much grander scale than the
similar one at Niagara, to which the Vanderbilts, the Webbs, and other
famous manipulators of finance have furnished backing. If this scheme
should materialize, it will undoubtedly be one of the best paying
investments.