Withdrawal of Water-Power Sites And Construction of Waterpower Plants for Manufacture of Nitrates. Hearings Before the Committee On Agriculture And Forestry, United States Senate, Sixty-Fourth Congress, First Session, On S. 4971, a Bill to Authorize the D
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to do the thing that we could not enlist American capital to do. It was very natural when English capital came in to develop the water powers and invest, as it did, in the State of Alabama about $10,000,0' V( of new money, that I should establish a relationship with these power projects during their period of development. I was accus- tomed to large organizations and the handling of men, and during the period of construction and the taking on of business and getting the company well fixed on it...s way as a purely operating concern, i was president of the Alabama Pow T er Co. One of the things that during my earliest knowledge of Alabama most challenged my in- terest and my imagination was the Muscle Shoals situation. I worked on that project w T ith Mr. Worthington, I think, ever since December. 1906, and I also, beginning in 1907, as I have told you, became at- tracted to the idea of the fixation of air nitrogen, growing out of my early experience in South America in the production of Chilean nitrates and the knowledge of the waning supply of the high-grade deposits, its increasing cost, and various other limitations connected with it.
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