One of the most appropriate uses to which a capitalist may put his capital is its employment in the field of electric light and power. He must be a potent capitalist, since an investment of millions is needed to turn the currents of rivers into currents of electricity. Once in operation, however, an electric utility is almost a natural monopoly with unlimited possibilities for expansion and a product equally essential to U. S. homes and U. S. factories. A power house is a match to light a thousand lamps, a motor to turn a...
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