﻿€08 
  NEW 
  YORK 
  STATE 
  MUSEUM 
  

  

  13000, 
  second 
  rights 
  at 
  $1800, 
  third 
  rights 
  at 
  fllOO 
  and 
  fourth 
  

   rights 
  at 
  $1000. 
  The 
  total 
  value 
  of 
  the 
  water 
  rights 
  on 
  this 
  race- 
  

   way 
  becomes, 
  therefore, 
  $103,350. 
  

  

  Rochester, 
  Carroll 
  and 
  Fitzhugli 
  raceway. 
  This 
  raceway 
  is 
  also 
  

   entitled 
  to 
  y 
  2 
  of 
  the 
  entire 
  flow 
  of 
  the 
  river. 
  The 
  water 
  rights 
  

   are 
  divided 
  into 
  76 
  first 
  rights, 
  which 
  have 
  been 
  valued 
  at 
  about 
  

   $1000. 
  The 
  last 
  sale 
  was 
  in 
  1876, 
  when 
  the 
  city 
  of 
  Rochester 
  paid 
  

   $1500 
  apiece 
  for 
  two 
  rights 
  which 
  it 
  owns 
  on 
  this 
  raceway. 
  As- 
  

   suming 
  the 
  same 
  average 
  value 
  for 
  this 
  raceway 
  as 
  the 
  decreed 
  

   value 
  on 
  the 
  Johnson 
  and 
  .Seymour 
  raceway 
  and 
  the 
  price 
  per 
  

   water 
  right 
  becomes 
  $1360, 
  or 
  $103,360 
  for 
  the 
  whole. 
  

  

  Brown's 
  raceway. 
  This 
  raceway 
  is 
  on 
  the 
  west 
  side 
  of 
  the 
  Gene- 
  

   see 
  river, 
  receiving 
  its 
  water 
  supply 
  from 
  the 
  dam 
  just 
  above 
  the 
  

   upper 
  falls. 
  Under 
  the 
  terms 
  of 
  certain 
  partition 
  deeds 
  and 
  court 
  

   decisions 
  Brown's 
  race 
  is 
  entitled 
  to 
  receive 
  -Jf 
  of 
  the 
  entire 
  

   flow 
  of 
  the 
  river. 
  The 
  water 
  rights 
  are 
  divided 
  into 
  79 
  first 
  rights. 
  

   A 
  water 
  right 
  on 
  this 
  raceway 
  is 
  therefore 
  -is 
  of 
  the 
  flow 
  . 
  of 
  the 
  

   river. 
  There 
  have 
  been 
  a 
  number 
  of 
  transfers 
  oi 
  water 
  rights 
  on 
  

   this 
  raceway, 
  the 
  selling 
  price 
  ranging 
  from 
  $3000 
  to 
  $4000 
  per 
  

   right. 
  In 
  1873 
  the 
  city 
  of 
  Rochester 
  paid 
  $16,500 
  for 
  three 
  water 
  

   rights 
  and 
  a 
  mill 
  lot 
  on 
  this 
  raceway. 
  The 
  lot 
  is 
  50 
  feet 
  front, 
  and 
  

   may 
  be 
  valued 
  at 
  that 
  time 
  at 
  $4500, 
  leaving 
  $4000 
  as 
  the 
  value 
  

   per 
  water 
  right. 
  Since 
  1873 
  one 
  or 
  two 
  water 
  rights 
  on 
  this 
  race- 
  

   way 
  are 
  stated 
  to 
  have 
  been 
  sold 
  at 
  from 
  $3000 
  to 
  $3500, 
  but 
  at 
  

   the 
  present 
  time, 
  so 
  far 
  as 
  known, 
  they 
  are 
  all 
  held 
  at 
  $4000 
  per 
  

   right, 
  or 
  more. 
  Even 
  at 
  this 
  price 
  they 
  are 
  proportionately 
  much 
  

   cheaper 
  than 
  water 
  rights 
  on 
  the 
  Johnson 
  and 
  Seymour 
  or 
  Roches- 
  

   ter, 
  Carroll 
  and 
  Fitzhugh 
  raceways. 
  To 
  prove 
  this 
  we 
  will 
  consider 
  

   that 
  1081 
  gross 
  horsepower 
  on 
  Johnson 
  and 
  Seymour 
  raceway 
  is 
  

   valued, 
  according 
  to 
  a 
  court 
  decision, 
  at 
  $103,350, 
  or 
  at 
  $95.60 
  per 
  

   gross 
  horsepower. 
  (This 
  price 
  assumes 
  1000 
  cubic 
  feet 
  per 
  second 
  

   in 
  the 
  river.) 
  On 
  Brown's 
  race, 
  where 
  a 
  water 
  right 
  may 
  be 
  taken 
  

   at 
  A} 
  of 
  1000 
  cubic 
  feet 
  per 
  second 
  on 
  92 
  feet 
  fall, 
  the 
  power 
  of 
  

   a 
  water 
  right 
  amounts 
  to 
  121.6 
  gross 
  horsepower. 
  At 
  the 
  price 
  of 
  

   $4000 
  per 
  water 
  right, 
  the 
  price 
  per 
  gross 
  horsepower 
  — 
  on 
  the 
  

   basis 
  of 
  1000 
  cubic 
  feet 
  per 
  second 
  in 
  the 
  river 
  — 
  becomes 
  there- 
  

   fore 
  $32.89. 
  1 
  If 
  we 
  compute 
  the 
  price 
  per 
  gross 
  horsepower 
  on 
  

  

  l 
  -£t 
  of 
  1,000 
  cubic 
  feet 
  per 
  second 
  equals 
  11.765 
  cubic 
  feet 
  per 
  second., 
  

   which 
  is 
  the 
  amount 
  of 
  water 
  each 
  right 
  is 
  entitled 
  to 
  when 
  there 
  are 
  1,000 
  

   cubic 
  feet 
  per 
  second 
  in 
  the 
  river. 
  

  

  