Items of Interest

Two thirds of the steam and electric power used in the United States is controlled by less than one hundred corporations, the Stone & Webster interests of Boston standing at the top of the list of interlocking companies, according to a statement in the report of the secretary of agriculture, made in response to a resolution of the Senate and laid before that body. Eighteen corporations control over half the water-power, exclusive of steam-power, in the United States, and six corporations control more than one fourth of the water-power. Furthermore, the secretary declares, there is evident "a marked tendency toward association or community of interests, particularly between the principal holding companies, that cannot be viewed without concern."

The report will make, when printed, a massive volume in which graphic charts will tell the story of the interlocking directorates of power companies with banks and with other big corporations. The secretary points out that the concentration which his experts have discovered has taken place most rapidly in the states where power sites are largely on public lands. Revised figures of the potential waterpower resources of the country place them at the minimum of 27,943,000 horse-power, and the maximum of 53,905,000. The national forests are stated to contain 30.4 per cent of this minimum and 31.4 per cent of the maximum, while over 72 per cent of the country's total is found in the mountain and Pacific states.

Righteous Rejoicing
February 5, 1916

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