Evening journal., 1906-11-27

let stamped "ccC." $50
OF 70 per cent. from the Wheels the
resultant power would give an equiva-
lent OF 260 II. p. (22x90x.175i7x.75 equals
26O II. P) which would be available for
the pumpage Of water at the City Mall /
aud a similar amount for manufactW- |
ing power at Leafs mills
AS the city would have TO take about !
10. 100000 gallons for consumption. this !
should be deducted from the quantity /
available for power leaving 1881 IT, r. |
net
Assuming that the Lea Milling Com
pany can utilize its power to advan-
tage twenty hours per day for $40 days
IN the year, the net result would be
ls2 II. p. (26Ox 7O). AS. however, the
race OF said company IN It's present
state OF development could not convey
the requisite quantity of water TO pro-
duce this amount Of power u would De
necessary. In estimating the value o.
thosS water rights. either to deduct
the amount OF power lost through m
adequate development or deduct from
the capitalized value OF the full water
rights. the amount which such devel-
opment would cost.
BY calculation Il would appear that
the average discharge through Leas
race would be about 100000 gallons
per day. resulting in 142 II. r.. which
at $40 per II. p. per annum. makes the
value $3.50, and capitalized at 6 per
cent, gives FOR the total value OF the
water rights. Sl65,7O0.
Taking the amount OF horse power, II
the race we're fully improved 1s2xss0
equals S1270. which capitalized at 6 per
cent would make s2i2,OOO. from which
should be deducted SSS, 800 the cost Of
developing the race. leaving $4,000 as
the value Of the water power.
Substituting the value OF two cents
per million gallons per foot of fan Cthe
price agreed upon as equitable IN the
negotiations for the Rockland projecD
the annual amount for 7O00O000 gal
Ions daily in a fall OF p feet would
be Sf1242 G0v22x365x2c) which capt
tallzed at per cent. would amount to
S1S7. S66. An average OF the three
amounts. s165,7O0. $4,000 and Sis7,S66.
or about Sl75,0oO might therefore be
taken as an approximate valuation OF
the water rights belonging to the VIII
liam Lea and Sons Company.
To this must be added the value Of
the mills and other real estate con-
nected Herewith in order to determine
the total value Of the property owned
by the william Lea and Sons Com
pany.
To prove that the above valuations
are conservative a comparison Is made
with the figures arrived az as equit-
able by the commission Of arbitration,
composed of expert hydraulic engineers.
which fixed the value Of water rights
at Rockland and Augustine. It's award
for water diverted only was as fol-
lows: avlue Of 1915 feet fan for To-
OOOO gallons. $4,000 on the same
basis the Lea's rights would be % feet
fall for 700000O0 gallons. 1924, 400.
The value OF the water power would
be greater for the city than for most
manufacturing concerns. for the req
son that In the pumpage Of water the
diversion OF the power developed can
be utilized to greater advantage than
In any other way, The pumpage can
go on for "a hours per day, without
interruption and any variation in tn,
power does not have to be supple
mented by some other source Of power
as would be the case in manufacturing
or IN the production Of electric curront
On the assumption that the average
flow OF the stream is ls0.000,000 gallons
daily with an occasional minimum flow
OF 40, 900 gallons. and a maximum
utilizable flow of 269.0O0O00 gallons. 1.
would be possible to obtain with proper
and efficient development (allowing IS
lper cent. efficiency, OF wheels) rs ne;
II. p. with the minimum flow: 752 II
p. FOR the maximum and 521 II. p. for
the average flow.
Assuming a pump efficiency Of 30 pcI
cent. It would require So II. p. for each
million gallons pumped TO the new res
ervoir against a head OF 2s5 feet 1t Is
apparent. therefore. that with the aver
age flow Of the stream. an amount
equal to the daily consumption Of tho
city at the present time could be
pumped by water power
The total expenses at the City Nil
Pumping Station for 1905, attributable
to the operation of the steam pumps
was S15.1o3. and the cost Of coal alone
was over $500. and while il is not T.
be understood that all OF this expense
could be eliminated by the use Of tie
water power yet II is evident that a
sufficient savings could be Effected IN
the expense OF pumpage to stamp witt
approval as a wise and economl,
move, the proposed purchase OF fhs
Lea water rights.
Theodore A. Leisen,
Chief Engineer.