OCR Text |
Show ! ELECTRIC AGE SEEMS NEARER r Three Hundred Billion Will Be Spent in Next Six Years CINOI N N ATT, O. Oct. 13. Within the next six years, more than $300.-u00.000.000 $300.-u00.000.000 will be spent in tho additional addi-tional electrification of America, said Frank B. Watts, New York, editor of the Electric Record, ln an address to the annual convention of the National Na-tional Association of Klectrlgnl Contractors Con-tractors and Dealers here. I "The possibilities of electrical fle-velonment fle-velonment are Unlimited,4 said Mr Watts. "Eight million homes ln the I'nlted States are now wired for electricity, elec-tricity, six millions are not. Half of these will bo wired within the next few years. IMMENSE TOTALS "How rapidly the entral power J stations are expanding is Indicated I by the fact that last year the light and power companies spent $750,'- 000.000 ln new development. And In the next six years they will spend a total of S4. 000. 000. 000 to extend their electrical service to the homes and factories ln America, "It Is known that for every dollar dol-lar tho central power stations spend In development, other people who I make use of this service expend ln buying motors, homo appliances, etc., an average of $80. So within the next six years more than $300,000,-000,000 $300,000,-000,000 will bo spent In the additional addition-al electrification of Amerii a ' Hlfii: SAVINC. POSSIBLE Mr. Watts said tlwU if a few tons of cement were dumped into the St. Lawrenco river to make a dam, enough power could be created to solvo the coal problem in New England. Eng-land. Ho said that a recent survey j of the Atlantic seaboard Industrial region showed that It would cost , 51 sf. iK-Mi. mio to electrify the region, but It would result In a saving of $190,000,000 a year. |