A wrong & right (?) answer.
My original answer was about 2 inches. I now believe that 703 feet is a correct answer. I never make mistakes, but when I do, they are not trivial errors.
It never occurred to me to think of a 3000 mile long strip of metal lying flat, like in a straight line from plane geometry. I assumed it was lying on the surface of a sphere 4000 miles in diameter (an idealized version of the earth).
The above assumption leads to a height of about 2 inches for the slightly longer strip. Since this agreed with my intuition, I assumed that the Bridge Columnist made an error. I even assumed that the actual problem would have a similar solution. It shows how good my intuition is. Oddly enough, the equation I had to solve is the same equation used below (with different constants) for the problem as stated by Frank Stewart. After solving it, I then calculated the distance between two circular arcs, rather than the distance between an arc and a chord.
PaulW: It was a cute idea to get an upper bound by assuming a right triangle. I think this might be the solution the Bridge Columnist had in mind. Using your method, I got the same 812 feet (approximately) that you did. Your idea made me realize that the strip being a straight line leads to a much bigger height than assuming it is an arc of a circle. Perhaps you got the idea because you are a member of the Flat Earth society.
Kedaman: I do not understand your equations. This is probably because I am not looking at whatever diagram you used to arrive at them. Too bad it is difficult to post sketches and diagrams for this sort of thing. If you used a hand calculator, our results might differ due to differences in the precision of the computations. My MathCad7 software can work with the precision of a VB Double. Maybe you can understand my equations without a diagram and tell me that they are equivalent to yours. You are obviously working with an angle which is twice the angle I am using, and I can picture using your angle to arrive at a solution.
Everybody: After reading PaulW's Post which got me on track to solving the problem as stated, I used the following approach to the problem.
1500.000007891414 = 1500 miles plus one half inch.
HalfArc equation: 1500.000007891414 = Radius * Angle (Angle in Radians)
HalfChord equation: 1500 = Radius * Sin(Angle)
Radius = 1500.000007891414 / Angle (Rearranged HalfArc Equation)
After substituting for Radius in the HalfChord equation, and a little manipulation, The above leads to the following
F(Angle) = 1500.000007891414 * Sin(Angle) - 1500 * Angle
When F(Angle) = 0, the conditions are satisfied. I got the derivative and used the Newton method to find a solution. BTW: The Newton method is a damn handy gadget to keep in mind.
I came up with the following.
Angle = 0.000177667261147 Radians (0.010179584221372 Degrees; About 37 Seconds)
Radius = 8,442,748.530075723 Miles
Final Answer: Height = 5280 * Radius * (1 - Cos(Angle)) = 703.5623569833184 Feet.
I used my MathCad7 software for the above, and feel fairly confident in the results. Considering that the PaulW value (812) is an upper bound, the above (703) looks about right.
It really is startling and counter-intuitive. I hope there are no typo's in the above.