﻿HYDROLOGY 
  OP 
  NEW 
  YORK 
  567 
  

  

  gross 
  horsepower 
  being 
  developed 
  in 
  this 
  State, 
  on 
  which 
  the 
  

   net 
  annual 
  profit 
  per 
  gross 
  horsepower 
  would 
  be, 
  roundly, 
  $12. 
  The 
  

   establishments 
  on 
  the 
  Hudson 
  river 
  are 
  mostly 
  papermills, 
  and 
  

   without 
  doubt 
  in 
  miscellaneous 
  manufacturing 
  the 
  profit 
  would 
  

   be 
  from 
  three 
  to 
  five 
  times 
  as 
  great 
  as 
  this, 
  but 
  we 
  will 
  assume 
  it 
  

   all 
  over 
  the 
  State, 
  for 
  the 
  purpose 
  of 
  the 
  argument, 
  at 
  $12 
  per 
  

   horsepower. 
  At 
  this 
  rate 
  1,500,000 
  horsepower 
  would 
  pay 
  an 
  

   annual 
  profit 
  of 
  $18,000,000, 
  and 
  represent 
  at 
  4 
  per 
  cent 
  a 
  capi- 
  

   talized 
  investment 
  of 
  $450,000,000. 
  Waterpower 
  therefore 
  may 
  

   be 
  easily 
  made 
  equal 
  to 
  agriculture, 
  the 
  net 
  annual 
  profits 
  of 
  these 
  

   two 
  industries 
  being 
  very 
  nearly 
  the 
  same. 
  

  

  The 
  proper 
  remedy. 
  There 
  are 
  a 
  number 
  of 
  remedies 
  which 
  

   may 
  be 
  applied, 
  but 
  first 
  of 
  all 
  we 
  need 
  a 
  comprehensive 
  act 
  in 
  

   this 
  State 
  which 
  shall 
  permit 
  of 
  developing 
  water 
  storage 
  to 
  its 
  

   full 
  capacity 
  without 
  any 
  further 
  grant 
  of 
  powers 
  from 
  the 
  legis- 
  

   lature 
  than 
  those 
  granted 
  in 
  the 
  general 
  act. 
  As 
  to 
  the 
  form 
  of 
  

   such 
  an 
  act 
  the 
  writer 
  is 
  not 
  specially 
  insistent, 
  although 
  he 
  may 
  

   point 
  out 
  that 
  the 
  mill 
  act 
  of 
  Massachusetts, 
  by 
  reason 
  of 
  long 
  

   and 
  successful 
  application, 
  is 
  an 
  excellent 
  model. 
  A 
  copy 
  of 
  this 
  

   act 
  may 
  be 
  found 
  in 
  Angell 
  on 
  Watercourses. 
  It 
  is 
  possible, 
  how- 
  

   ever, 
  that 
  a 
  mill 
  act 
  on 
  the 
  Massachusetts 
  lines 
  may 
  not 
  be 
  in 
  

   accord 
  with 
  the 
  trend 
  of 
  legislation 
  in 
  this 
  State. 
  

  

  There 
  should 
  be 
  a 
  permanent 
  State 
  commission 
  specially 
  

   charged 
  with 
  the 
  control 
  of 
  the 
  rivers. 
  To 
  this 
  commission 
  

   should 
  be 
  submitted 
  everything 
  relating 
  to 
  the 
  rivers 
  of 
  the 
  State. 
  

   It 
  should 
  be 
  given 
  broad 
  powers 
  as 
  regards 
  the 
  carrying 
  out 
  of 
  

   projects 
  for 
  improvement, 
  for 
  preventing 
  floods 
  or 
  for 
  other 
  pur- 
  

   poses. 
  Water-storage 
  projects 
  should 
  be 
  submitted 
  to 
  it 
  for 
  de- 
  

   cision. 
  The 
  commission 
  should 
  have 
  funds 
  enough 
  at 
  its 
  command 
  

   to 
  enable 
  all 
  necessary 
  investigations 
  to 
  be 
  made. 
  

  

  The 
  act 
  authorizing 
  this 
  commission 
  may 
  be 
  considered 
  as 
  

   applying 
  to 
  large 
  water-storage 
  projects 
  where 
  the 
  interests 
  of 
  

   extended 
  communities 
  are 
  to 
  be 
  unified. 
  For 
  smaller 
  manufactur- 
  

   ing 
  projects 
  there 
  should 
  also 
  be 
  a 
  mill 
  act 
  permitting 
  lands 
  to 
  

   be 
  flowed 
  after 
  due 
  process 
  of 
  law 
  and 
  just 
  compensation 
  with- 
  

   out 
  any 
  further 
  appeal 
  to 
  the 
  legislature. 
  The 
  encouragement 
  of 
  

   manufacturing 
  would 
  then 
  become 
  the 
  commercial 
  policy 
  of 
  the 
  

   State 
  instead 
  of 
  as 
  at 
  present, 
  by 
  restrictive 
  and 
  contradictory 
  

   laws 
  tending 
  to 
  discourage 
  it. 
  

  

  