The Seattle Star Newspaper, September 27, 1924, Page 3

SATURDAY, SEPTEMBER 27, 1924 — THE SEATTLE STAR PAGE 3 IN paw NY en i aft HA Hh DEAN TURE a A Power Prophecy By the late immortal “Teddy” ROOSEVELT “The people of our country are threatened by a monopoly far more powerful, because in far closer touch with our domestic and indus- trial life, than anything known to our expe- rience. A single generation will see the ex- haustion of our natural resources of oil and gas and such a rise in the price of coal as will make the price of electricity through trans- mitted waterpower a controlling factor in transportation, manufacturing and household lighting and heating. Our waterpower alone, if fully developed and wisely used, is probably sufficient for present transportation, indus- trial, municipal and domestic needs. Most of it is still in national or state control. TO GIVE AWAY THIS, ONE OF THE GREATEST OF OUR RESOURCES, WITHOUT COMPENSA- TION WOULD BE AN ACT OF FOLLY. If we are guilty of it, our children will be forced to pay an annual return upon a capitalization based upon the highest prices ‘the traffic will bear.’ They will find themselves face to face with powerful interests intrenched behind the doctrine of ‘vested rights’ and strengthened by every defense which money can buy and the ingenuity of able corporation lawyers can de- vise. Long before that time they may, and very probably will, have become a consolidated interest, controlled from the great financial centers, dictating the terms upon which the citizen can conduct his business and earn his livelihood, and not amenable to the wholesome check of local opinion.” PULL \ . hs me sh i) i ee ee a OO Oe Cee —Seattle’s Richest and Most Powerful Asset in her Fast-Developing Public Power System prepared for the Greater Advancement of the “Million-Horse- Power City” and Northwest Washington—poten- tially one of the Greatest Hydroelectric Projects in the World—a Gigantic Achievement that Cements the Success of Public Power Ownership, and paves the way for Lower Rates, Greater Progress and a Thousand New Industries that can be brought to Seattle more quickly through CHEAP POWER. Now—50,000 additional horsepower from the Gorge Plant, first unit of the Skagit, for Seattle industry, business and homes. This great city, whose foresight voted the Skagit bonds, now witnesses a victory of achievement againt harassing odds of misled opposition, minority pessimism and selfish interests, with an additional 205,000 horsepower yet to come! But—Skagit Power is here, and for the good of all Seattle. To every taxpayer goes credit for the successful undertaking; to every citizen the ever-increasing reward that will be forthcoming—the Skagit will prove a source of cumulative wealth and rich return for every dollar spent. Surrounded by unlimited natural resources, by hydroelectric possibili- ties almost beyond estimate, Seattle could not lose. The success your CITY LIGHT can achieve from this date forward is measured only by the degree of public co-operation. Co-operation—that will cost you nothing, but will return dividends! You now enjoy power rates among the lowest in the world. You now have, in the Skagit, the balance of power for still lower rates. Businesslike co- operation—more residential, commercial and industrial business-that’s the lone remaining requisite. To CITY LIGHT'S present 76,000 customers, let the spirit of public interest add all citizens concerned in the industrial and economic advancement of Seattle, the “Million Horsepower City.” CITY LIGHT, with the aid of this newest, most powerful ally, will amply reward confidence through dependable ser- vice and economic progress. CITY LIGH7.G POWER F———____________________) 0 fp __s___si_is”r Owned and Operated by Uy: ! the People of Seattle J. D. ROSS, Superintendent County-City Building MA in-6000 CITY LIGHT PROGRESS SINCE 1905 More than $10,000,000 net earnings turned to payment of interest and retirement of bonds. Net Profits in 1923........... $800,000 Add Depreciation Allowed. ... 400,000 —a steadily increasing annual revenue and net profits, which promise to break all records in 1924, Customers Now. 1928. . 1915... The Super Power System Intertie transmission lines connecting Seattle's Skagit, Cedar Falls and Steam Plants, with Tacoma’s Nisqually, Lake Cushman and Steam Plants, afford both cities a supply of nearly 300,000 h. p, with 260,000 h. p. now under development, sna tates agi mc pacncane i alah eal neem ee Raita ian h hit stet tO Rta aE EDA AD ae oi ey meee wae