308 FORESTS, RESERVOIRS, AND STREAM FLOW 
Government by any power user for the right to draw the water only, 
and besides this, stand the expense of installing and operating the 
water plant.” 
Another hydraulic engineer of national reputation says: 
“T think that, as a general proposition, the suggestion that all 
water-powers to which the Government consents should pay royalties, 
and especially where the parties own their riparian rights, would tend 
to defeat the development of most water-powers and would certainly 
very much curtail the number of water-power developments. I am 
impressed with these conclusions because of the present difficulties in 
financing good water-power propositions.” 
In Power, May 19th, 1908, is an article by Mr. Henry Docker 
Jackson, in which a critical comparison is made between steam and 
water-power. In this article occur the following tabulated estimates of 
cost of installation and of annual operation, based upon a (theoretical) 
installation of 1000 h.p. The costs are averages of a number of 
different plants: 
“Piant Cost. 
Plant. Steam. Water. 
Building and works.............. $10 000 $77 000 
Engines, boiler, ete............... 48 000 pire eenis 
Turbines and generators.......... 15000 17 000 
Trans. lines, etc., 20 miles........ ...... 40 000 
$73 000 $134 000 
“Fixep CHARGES. 
Tnterest: “seed eyesleteauae scenes $3 650 $6 700 
Fuel, $2.50 per ton.............. 6160 ~~ ...... 
Water: scivecacnee dius vaieseres Gee 600 image 
F Operation s&- sic aes wecvew ses wavs 3 400 3 800 
Oil, waste, ete............0.00 00 770 500 
Maintenance ..............00000- 1500 2 680 
Depreciation ..............000005 3 650 3 500 
PARES ane a yehetntas Vane wmenneheseneslg 1460 2 680 
Insurance ...........00 cee eeees 650 is ee 
$21 840 $19 860 
Cost per indicated horse-power per 
VEAL s: cimciaiesre dh ppaie say RS $21.84. $19.86 
“Cost pER Horsr-PoweEr-YEar. 
0, m 
100% Load factor............... “go480 $20.90". 
75% Load factor............... 89.92 32.00 
50% Load factor............... 54.60 45.00” 
