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Show -38- Grading Structures That the Intake works and the El Rio wheel pits shall be constructed of concrete masonry; that the Arizona jetty will be built of Puget Sound piles, loaded with rock; that all other structures will be built of wood, and that where piling is used on the drops, the piles will be of a native cottonwood. ESTIMATE (main canal only) Earth, 4,962,287 cu. yds at 12/2 cts. 620,285.87 Rock, 49,888 " " " 90 " 44,899.20 Cement, 27,696 " " " 40 " 11,078.40 At El Rio, 458,601 " " " 8 " 36,668.08 712,951.55 Headgates, Arizona jetty, Offices and officers houses, S. P. R. R. Bridge, Vertical drops, Salton River crossing, Stop-gates and wasteways, Patrol and watchman's houses, Clearing, 1600 acres at 5.00, Protection from overflow, 21 miles, Telephone line, 78^ miles at 50.00 El Rio power and electrical plant, Dredging plant at Intake, Engineering expenses, Add for contingencies, 5%, 35,000 50,000 14,000 2,500 36,100 20,868 8,380 3,000 169,848 8,000 34,382 3,925 50,000 48,000 97,250 1,124,356 56,217 Total cash required in construction fund, $1,180,573 COST OF SYSTEM (capital account) Main canal, construction fund, 1,180,573 Loss on 2,000,000 construction bonds at 10% 200,000 Provision for 2 years interest on bonds at 6%, 240,000 Financiering expenses, say 100,000 Distributary system, at 1.00 per acre, 400,000 Chargeable to canals, $2,120,573 LAND FUND S. P. R. R. lands, approxly. 470,000 acres at 2.50 1,175,000 Taxes on lands for '94, '95 and '96, 15,000 Interest for 1896 at 6%, 70,500 $1,260,500 Cash necessary to raise, to place the enterprise on a self-supporting basis. Main canal construction fund, 1,180,573 Two years interest on bonds, 240,000 Interest and taxes on lands, 85,000 Distributary system, 50,000 Financiering expenses, 100,000 Safety fund, 143,927 $1,800,000 2,000,000 construction bonds at 90 $1,800,000 |
