Show 0 BIG ELECTRIC POWER enterprise leader great falls mont the biggest mortgage ever filed in montana was placed with county clerk and recorder lee dennis yesterday when the mortgage of the great falls power company to the bankers trust company of new york york trustee for was filed for record the instrument contains forty eight solid printed pages and the filing fee was about the mortgage has also been filed in lewis and dark clark jefferson and silver bow counties the money is secured by bonds dam sites and real estate in the four counties the mortgage covers all of the land power sites power lines and franchises owned by the great falls power company of the total loan which is made at the rate of 5 per cent per annum and which falls due in 1940 will cover the bonds already issued on the new rainbow dam now in operation the remaining will be used from time to time as the great falls power company decides to push development work about more are needed in the development of the big falls for power it is understood that the power company contemplates constructing a power line to billings for which a part of the loan will be used it is also generally understood though nothing official has been given out on the subject that arrangements have been made between president earling of the milwaukee railroad and the president of the general electric company for the electrification of the milwaukee railroad from lewiston to great falls a distance of miles A large part of the loan secured on the mortgage is undoubtedly to be used for this project plans for electrifying the milwaukee railroad from lewiston to great falls have been formulated during the past year it is reported A number of electrical engineers have been and are in great falls working out the details of this project which will be the largest electrical engineering task ever undertaken the hartford new haven railroad has the longest piece of electrically operated railroad in the world this line is 60 miles long special engines will be manufactured by the milwaukee railroad for the electric line between lewistown Lewis town and great falls six sub stations will be located along the mile line at a distance 20 miles apart at each station an electrical engineer will be in charge and big transformers will handle the power emanating from the missouri river at great falls the milwaukee will operate this electrical division merely as an experiment if the experiment proves a success it is said the entire milwaukee line will be electrified |