The New Wonder of the World, the Electric City.
WITH COMPLIMENTS OF
The Security Investment Company
OF BUFFALO, N. Y.
156 AND 158 PEARL STREET, CORNER CHURCH STREET.
CAPITAL, $300,000.
DIRECTORS:
| Charles A. Sweet, | President Third National Bank, Buffalo. |
| John Satterfield, | President Union Oil Company, Buffalo. |
| Edmund Hayes, | Of the Union Bridge Works, Buffalo. |
| Hon. Charles Daniels, | Ex-Judge Supreme Court, Buffalo. |
| James H. Smith, | Director of the Cary Safe Company, Buffalo. |
| Walter G. Robbins, | Vice-President Buffalo Fish Company, Buffalo. |
| James R. Austin, | Real Estate, Buffalo. |
| James B. Stafford, | Real Estate, Buffalo. |
| Richard H. Stafford, | Real Estate, Buffalo. |
| Francis B. Thurber, | President Thurber-Whyland Company, wholesale grocers, New York City. |
| James E. Granniss, | President The Tradesmen’s National Bank, New York City. |
| John Loudon, | Capitalist, Altoona, Pa. |
| J. M. Guffey, | Capitalist, Pittsburg, Pa. |
This Company furnishes the investor a safe and reliable channel through which he may place his money. Great care and judgment used before putting an investment on the market. Large and small investors will find it greatly to their advantage to examine the list of investments offered by this Company.
Choice real estate a specialty.
Bonds and mortgages and other first-class securities handled.
THE NIAGARA CATARACT--SOURCE OF BUFFALO’S ELECTRIC POWER.
The New Wonder
of the World.
BUFFALO:
THE
ELECTRIC
CITY.
By A. E. RICHMOND.
THE MATTHEWS-NORTHRUP CO., COMPLETE ART-PRINTING WORKS,
BUFFALO, N. Y.
14298
Copyright, 1892
NIAGARA’S voice sings a new song.
Through countless ages it has thundered forth its wild, tumultuous melody, a pæan to nature in every tone.
Now it sings an anthem to industry, to science, to inventive genius, to commercial prosperity.
The magic wand of the electrician has been waved, and the mighty voice swells and roars to new music of new and marvelous power.
The new song rising from the mist and the spray of the cataract heralds a new era in Buffalo.
It heralds the evolution of the Queen City of the Lakes into the Electric City of the World; a smokeless, dustless, wholesome city where the myriad and ever-increasing wheels of industry will turn with the silent, unseen power generated from Niagara’s unceasing current; a city that will grow and attract and gather force and wealth and people until it comes to be known as the New Wonder of the World.
When the city of Buffalo, under the favoring conditions which have brought it to its present splendid eminence, doubles its population in ten years, and increases in wealth seven million dollars yearly, what can be foretold of it when in addition to all its present wealth-producing resources it becomes the possessor of an unlimited supply of the cheapest power in the whole world!
Contemplating this fact, the Chicago Tribune said: “By virtue of having the cheapest power for turning its machinery, Buffalo will inevitably become the manufacturing centre of the nation.”
The New York Tribune adds this weighty testimony to the greatness of our future: “The past of Buffalo is secure, and her manifest destiny is evidently to be something tremendous.”
Already preparations are being made to bring to Buffalo the electric power from the great tunnel at Niagara Falls. Several companies have been formed of foremost business men, who see that in the distribution and application of the mighty power to industrial uses there are fortunes to be made, and that the pioneers in the task will win the chief prizes.
The time for discussing the practicability of bringing electric power from Niagara Falls to Buffalo has gone by. Electrical science has settled the question completely. It has been demonstrated beyond all question that electric power can be transmitted long distances without material loss.
A number of the greatest capitalists, and shrewdest investors in the United States, are financially interested in the tunnel scheme. Before they put up their money they satisfied themselves not only that the power could be produced, but that it could be sold.
They looked at Buffalo, 22 miles away, and saw a city of nearly 300,000 inhabitants, spread over a large territory, with ample opportunity for territorial growth beyond the present limits, a city in which 3,000 new houses were built in the year 1891, and in which nearly one hundred million dollars is invested in industrial enterprises. They saw a city into which 26 lines of railroad enter, representing a total trackage of about 25,000 miles, and including the great trunk lines leading east, west, north and south, tapping all the rich raw-material storehouses of the continent at all points. They saw that Buffalo had extraordinary facilities for the distribution of manufactures by rail, facilities created by the hand of industry, and they saw too nature’s grand gift in the great chain of lakes, coupled to another gift of industry, the Erie canal, giving us a water route to the Atlantic seaboard.
These men saw that here was the place where electric power could be disposed of in enormous quantities. They knew that they could send it here almost as cheaply as they could distribute it in the immediate vicinity of its point of production, and they saw the mighty certainties in a combination of unlimited cheap power for manufacturing and extraordinary shipping facilities. They knew that a market for their electrical product was forever assured, and they planted their millions in the earth and rock of Niagara. Better investment was never made.
Read the names of some of the great financiers engaged in this enterprise: William K. Vanderbilt, Chauncey M. Depew, Drexel, Morgan & Co., August Belmont, Brown Bros. & Co., Isaac N. Seligman, Winslow, Lamer & Co., Morris K. Jessup and others famous in the financial world.