﻿590 
  NEW 
  YORK 
  STATE 
  MUSEUM 
  

  

  maintenance 
  and 
  repair 
  fund 
  of 
  at 
  least 
  $25,000 
  a 
  year 
  in 
  order 
  

   to 
  repay 
  the 
  principal 
  investment, 
  which 
  if 
  taken 
  into 
  account 
  

   increases 
  the 
  probable 
  deficiency 
  to 
  $48,250 
  a 
  year. 
  It 
  must 
  be 
  

   concluded, 
  therefore, 
  that 
  with 
  the 
  present 
  understanding 
  as 
  to 
  

   the 
  minimum 
  runoff 
  of 
  the 
  Genesee 
  river 
  the 
  project 
  of 
  a 
  storage 
  

   reservoir 
  in 
  Mount 
  Morris 
  canyon, 
  storing 
  approximately 
  7,370,- 
  

   000,000 
  cubic 
  feet 
  of 
  water 
  at 
  a 
  cost 
  of 
  $2,785,000, 
  is 
  commercially 
  

   impracticable, 
  while 
  at 
  the 
  estimated 
  cost 
  in 
  1904 
  of 
  $3,500,000 
  it 
  

   is 
  even 
  more 
  impracticable. 
  

  

  If 
  we 
  consider 
  the 
  Portage 
  project 
  in 
  its 
  financial 
  aspects, 
  

   where 
  it 
  is 
  proposed 
  to 
  construct 
  a 
  reservoir 
  storing 
  15,000,000,000 
  

   cubic 
  feet 
  of 
  water 
  at 
  a 
  cost 
  in 
  1904 
  of 
  $3,250,000, 
  we 
  reach 
  the 
  

   following 
  results 
  : 
  

  

  The 
  total 
  fall 
  from 
  just 
  above 
  the 
  upper 
  fall 
  at 
  Portage 
  to 
  the 
  

   mean 
  level 
  of 
  Lake 
  Ontario 
  is 
  833 
  feet, 
  of 
  which 
  the 
  greater 
  por- 
  

   tion 
  is 
  available 
  for 
  the 
  development 
  of 
  waterpower. 
  Without 
  

   going 
  into 
  detail, 
  we 
  may 
  place 
  the 
  permanent, 
  continuous 
  gross 
  

   horsepoAver 
  of 
  the 
  river, 
  with 
  a 
  storage 
  of 
  15,000,000,000 
  cubic 
  

   feet 
  at 
  Portage, 
  at 
  the 
  following 
  figures 
  : 
  

  

  Gross 
  

   horsepower 
  

  

  Portage 
  to 
  Mount 
  Morris 
  25,924 
  

  

  Mount 
  Morris 
  835 
  

  

  Geneseo 
  and 
  York 
  624 
  

  

  Rochester 
  29,840 
  

  

  Total 
  57,223 
  

  

  Deducting 
  from 
  57,223 
  gross 
  horsepower 
  the 
  present 
  permanent 
  

   power 
  of 
  6727 
  gross 
  horsepower, 
  we 
  have 
  50,496 
  gross 
  horsepower 
  

   as 
  the 
  net 
  increase 
  in 
  the 
  permanent 
  waterpower 
  of 
  the 
  stream 
  

   due 
  to 
  the 
  construction 
  of 
  the 
  Portage 
  reservoir. 
  . 
  At 
  $10 
  per 
  

   gross 
  horsepower, 
  as 
  before, 
  the 
  annual 
  income 
  when 
  the 
  power 
  

   is 
  utilized 
  amounts 
  to 
  $504,960. 
  The 
  estimated 
  cost 
  of 
  producing 
  

   this 
  va$t 
  increase 
  in 
  power 
  is 
  $3,250,000 
  in 
  1904. 
  Assuming 
  an 
  

   interest 
  rate 
  of 
  five 
  per 
  cent, 
  the 
  annual 
  interest 
  is 
  $172,500 
  ; 
  add- 
  

   ing 
  to 
  that 
  amount 
  $25,000 
  for 
  sinking 
  fund, 
  maintenance 
  and 
  

   repairs, 
  the 
  total 
  annual 
  expense 
  becomes 
  $197,500. 
  The 
  differ- 
  

   ence 
  of 
  $307,460 
  is 
  the 
  net 
  annual 
  income. 
  

  

  