Returning to the present and immediately contemplated draft upon the river's waters, we find that the two American and the three Canadian companies, when using their charter limits, will take 48,000 cubic feet per second. This will bring the level at the crest of the Falls down to the bottom of the river at the American shore. This, then, is the immediate prospect. Many things may intervene before this point is reached. We are not permitted to stop, however, with the consideration of these five companies alone. One of the last organisations chartered by the State of New York to obtain water from Niagara is the Niagara Lockport and Ontario Power Company. In 1894, this company obtained a franchise placing no restriction upon the amount of water to be used, and limited to ten years in which to begin work. In 1904, they came again to the Legislature, asking for an improved charter in several respects, especially a lengthening of time in which to begin operations. This company proposed to take water from near La Salle and not to return it to the river at all, but to take it overland by canal to Lockport and then empty it directly into Lake Ontario. The bill providing for this charter passed both houses, but it was vetoed by Governor Odell. The veto took place on May 15, 1904. The original charter was granted on May 21, 1894. Six days of grace yet remained of the ten years allowed the company. There is said to be a slender, shallow ditch south of Lockport, which represents the work done in the six days left. It has been rumoured that the most of this company's stock has passed into the hands of a great corporation. Undoubtedly, under some form of reorganisation, there will, in the near future, be an attempt on the part of its members to gain a share of the great free power of Niagara. Under the old charter, which does not limit the amount of water to be consumed, it will probably not consume less than the other large companies, say 10,000 cubic feet per second.