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NEW YORK STATE MUSEUM 



|3000 ? second rights at §1800, third rights at $1100 and fourth 

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

 way becomes, therefore, $103,350. 



Rochester, Carroll and Fitzhugh raceway. This raceway is also 

 entitled to % 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 raceicay. 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 ft of the entire 

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

 A water right on this raceway is therefore ih of the flow of the 

 river. There have been a number of transfers of 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 Ajof 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 A 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. 



