The company possesses a strip of land extending two miles along the shore; and in excavating the tunnel a coffer-dam was made with the extracted rock, to keep the river from flooding the works.  This dam now forms part of a system by which a tract of land has been reclaimed from the river.  Part of it has already been acquired by the Niagara Paper Pulp Company, which is building gigantic factories, and will employ the tailrace or tunnel of the Cataract Construction Company.  Wharfs for the use of ships and canal boats will also be constructed on this frontage.  By land and water the raw materials of the West will be conveyed to the industrial town which is now coming into existence; grain from the prairies of Illinois and Dakota; timber from the forests of Michigan and Wisconsin; coal and copper from the mines of Lake Superior; and what not.  It is expected that one industry having a seat there will attract others.  Thus, the pulp mills will bring the makers of paper wheels and barrels; the smelting of iron will draw foundries and engine works; the electrical refining of copper will lead to the establishment of wire-works, cable factories, dynamo shops, and so on.  Aluminum, too, promises to create an important industry in the future.  In the meantime, the Cataract Construction Company is about to start an electrical factory of its own, which will give employment to a large number of men.  It has also undertaken the water supply of the adjacent city of Niagara Falls.  The Cataract Electric Company of Buffalo has obtained the exclusive right to use the electricity transmitted to that city, and the line will be run in a subway.  This underground line will be more expensive to make than an overhead line, but it will not require to be renewed every eight to fifteen years, and it will not be liable to interruption from the heavy gales that sweep across the lakes, or the weight of frozen sleet:  moreover, it will be more easily inspected, and quite safe for the public.  We should also add that, in addition to the contemplated duplicate tunnel of 100,000 horse-power, the Cataract Construction Company owns a concession for utilising 250,000 horse-power from the Horseshoe Falls on the Canadian side in the same manner.  It has thus a virtual monopoly of the available water-power of Niagara, and the promoters have not the least doubt that the enterprise will be a great financial success.  Already the Pittsburg Reduction Company have begun to use the electricity in reducing aluminum from the mineral known as bauxite, an oxide of the metal, by means of the electric furnace.

Another portion of the power is to be used to produce carbide of calcium for the manufacture of acetylene gas.  At a recent electrical exhibition held in New York city a model of the Niagara plant was operated by an electric current brought from Niagara, 450 miles distant; and a collection of telephones were so connected that the spectator could hear the roar of the real cataract.