Electrochemical industries and their interest in the development of water powers

The electrochemical industries have grown to be of great value to this country; they have a fundamental interest in the development of cheap power; they offer nearly ideal power loads of magnitude; they must be located strategically as regards supplies and markets; Niagara power is not cheap enough nor is it sufficient in its present state of development to afford growth to these industries; the industries have so far been hardly strong enough to develop large powers themselves; great expansion should follow the development of cheaper power in accessible locations; and the country is vitally interested in the development of the nitrate industry, which must have very cheap power in great quantity in order to exist. In view of all these considerations, a liberal water power policy on the part of the government would seem to be a step in the right direction.