From its lowest level, at 202
feet above tide, to its maximum capacity, at a level of 220, there
would be no depreciation. Every dollar spent in the initial
construction would be effective in the maximum development.
The probable cost of Mountain View reservoir, estimated at
$3,340,000, exceeds that of Great Piece by $700,000. It is realized
that to many persons this margin may seem very wide. Let us
consider briefly just what it really represents.
Suppose, for example, that the Great Piece project is constructed
at a cost of $2,600,000. After the elapse of a few years it will be
necessary to provide additional storage in the Passaic highlands
for water supply or the maintenance of water power. The Mountain
View reservoir, or its equivalent in capacity and cost, will then
be necessary. The situation will then be as follows: By
constructing the Great Piece reservoir in preference to the
Mountain View for flood catchment, $700,000 would be saved.
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