The Advantages of the Oswego Water Power.
Its Connection With The East And West, On the Best Lines of Inland Transportation
The great water power of Oswego, lying as it does, on the margin of Lake Ontario, thus forming a connection with all the Western States and the Canadas, with the prospect of the increase of Oswego, was the cause of Messrs. Smith and Varick, to buy all "the surplus water power of the State," made by the construction of the Oswego canal. This power is now nearly all occupied by the milling, the elevators and warehouse interests, in connection with the far famed Kingsford Starch Factory, and the four extensive factories to manufacture cotton and flax. As yet, we have no woolen factories.
The superior water privileges, with the safe basin, and connected with the late improved canal, and with the lake, made by the State - on the enlarged plan - was neglected at the time of purchase by Messrs. Smith and Varick, as it would require an extra expenditure to bring into use, and would compete with that already purchased by them, which water power was thought all sufficient for the growth of Oswego. Thus the "High Dam" with 17 ½ feet fall was neglected, although it has the power to supply water equal to one hundred run of mill stones, derived from seven inland lakes, formed from the drainage of a large surface of country, discharged into the Oswego river.
We are pleased to hear - for the best interests of Oswego - that a company is about being formed, under the general law, ti improve the High Dam privilege, with the name of "the Oswego Hydraulic Manufacturing Company," for immediate use with sufficient capital for this purpose. It is in the Third Ward, and the adjacent land is cheap for building purposes. It must attract eastern manufacturers from its healthy position.
Oswego would have advanced more rapidly than she has done, but for the high price at which lots and water privileges have been held at, in the vicinity of the Smith and Varick water power. That is now owned and mainly occupied by large flouring mills, elevators and warehouses, to the exclusion of manufactories and mechanics. We find also that a large establishment is to be erected this summer, by a rich company, for the manufacture of iron, that will be of great value to promote the growth of our city and the mechanic arts.
We hear the Oswego, Rome & Ogdensburgh railroad, that will connect us with the rich deposits of iron ore in northern New York, and with northern New England too, is steadily progressing, and that it is to be competed by September, under a contract with a strong Pennsylvania company of contractors. This will be a great improvement, and an avenue to the Northeast, for Oswego. On the South, we shall be connected by the Syracuse and Binghampton railroad to Scranton, and the Anthracite coal mines of Pennsylvania. On the West we hope soon to be connected with Rochester (only sixty miles from here) with the web of railways radiatory from the city to the bituminous or soft coal fields of Western Pennsylvania, thus giving to manufacturers, who establish themselves among us, a cheap connection by railways and by canals, with all parts of this State, the Canadas, the growing West, and by Rome and Troy on a more direct and cheaper connection with Boston and New York.