This is a year of struggles for Edison Electric Illuminating who is unable to
secure needed financing from east coast investors. Meanwhile on March 13, ten
stockholders authorizing $1 million form the Washington Water Power Company
(WWP). The authorized capital is increased one-and-a -half times with bonds to $500
million.
The
main stockholders:
1.
Frank R. Moore, President - past pres. Spokane Falls Electric Light & Power
2.
J. D. Sherwood - xx, Spokane Falls Electric Light & Power
3.
Herbert Bolster - ??
4.
W. S. Norman - ??
5.
Cyrus S. Burns - ??
WWP
President, Frank “Rockwood” Moore is past president of the First National Bank
(with the city's founder, James Glover), partner in the Lucky Chance Mine, organizer of 2 electric street cars, and owns vast properties south
of the downtown area. WWP acquires a large flourmill on the north
side of the river.
The
first resident engineer was Henry Herrick. The first assignment of the newly
formed company was the planning and building of the Monroe Street Power
Station.
FIRE!
On August 4 fire destroys 32 blocks of the business district.
Spokane the day after the fire, Aug. 5, 1889. |
With
a
population of 20,000 and a scorched business district, Spokane begins
rebuilding immediately. Electric poles and wires are toast but the
Monroe Street Power Station is saved. With a huge
demand for electric power, the local power companies work to their maximum capacity but barely
keep
up.
News of the fire spread. Te Aroha News in New Zealand report the loss in the following month.
News of the fire spread. Te Aroha News in New Zealand report the loss in the following month.