http://en.wikipedia.org/wiki/History_of_electricity
To save on the cost of copper conductors, a three-wire distribution system was used. The three wires were at +110 volts, 0 volts and −110 volts relative potential. 100-volt lamps could be operated between either the +110 or −110 volt legs of the system and the 0-volt "neutral" conductor, which only carried the unbalanced current between the + and − sources. The resulting three-wire system used less copper wire for a given quantity of electric power transmitted, while still maintaining (relatively) low voltages. ___________________________________________
I'm finding this quote hard to digest, especially the 'less copper wire for a given quantity of electric power transmitted.'
If all loads were 110 V, wouldn't the neutral need to be the same size as the non-neutral conductors ?
Now, if they were talking 220 V loads, perhaps.