From Historical Rutland: an illustrated history of Rutland, Vermont, from the granting of the charter in 1761 to 1911 by Rev. F. E. Davison, Rutland, Vt.: P.H. Brehmer, 1911, page 9:
Water Power
There are two great falls of water here. known by the names of Mides' and Sutherland's Falls. on each of which are corn and saw mills. Mr. Osgood. in the year 1794. erected on Otter Creek, the best corn mills in the country.