Show HAENESSING NIAGARA e i A Construction Company That Proposes to Build a Canal Around the Rails Special to THE HERALD Examlner Dispatch NIAGARA FALLS April 2The Cataract Construction company which proposes to build a tunnel around Niagara falls with a fall of one foot In the hundred and to run machinery in factories by means of the water power thus obtained signed contracts con-tracts yesterday with the Niagara Falls 1als Power company The contracts are not to take effect until some minor difficulties are overcome By this it may be understood that some people still refuse to sell their land t the company The options on most of the land wanted expired Monday and representatives of the company were busy until after 2 pm yesterday receiving deeds The Cataract Construction company is an organization formed under the laws of New Jersey Thework of constructing the tunnel will be begun it is said as soon as the machinery can be procured Land for miles about the village has been purchased pur-chased by speculators who expect to profit by the boom which they are sure is coming The company is privileged by the act of the legislature to furnish electricity for light heat and power throughout Niagara and Erie counties and has also obtained other valuable rights |