Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1854-01-14
| answer in The negative.

81. "Have any payments been made on
account oil the subscriptions made by ,orpor- |
aions! If made, in wha, manner q, |
reply that tive irsialmenis OF 100000
each, (sixty thousand dolars,) have been
paid by the City of Erie, in their own coupon
bonds, al twenty years date. No other cor
poralions have paid inslalments. They have
not been requested 10 do so.
4ih "What is the amount subscribed by
individuals Has the amour, been ncrea, ID
since February nth, 1883! What is the
amount OF insialmenls paid upon individual
subscriptions? Have any individual subscrip-
lions been Withdrawn.
Inc individual subscriptions TO Sd Of Febrna.
ry last, were s,7S4 shares Ss7s 400
Since that date further subscriptions
have been made for 342 shares "a, 200
------
S912,6o0 |
The instaments paid by these subscribers,
amour, 10 SS9.3l 1t may be proper 10
state that Of these, Sl2 900 is by former
President, ID. L. Miller, Jr,) that amour, in
stock (lully paid) having been allowed 10
him Tor services. 1t is also proper 10 add,
hat many of the subscribers do not las is
obvious from the above staiemeni) pay their
ins'almenis, but i, is believed that they would
cheeriully do so, whenever it is apparent that
Inc Company is in position TO prosecute the
work 10 early completion. In other words,
that the subscriptions are good, if the City
Councils confirm their subscription of So
100000. No individual subscription has
been Withdrawn.
5ih. "Have any contracts been lei of the
| line of the road, other than the section from
Milton 10 Williamsport? Where? and to
whom 2n
The contract made with Mes.rs. J. B. s.
w. G. Moorhead, who are now engaged in
granting and bringing the road from Milton
TO Williamsport, also included The same work
from Sunbury TO Lock Haven, but their ex-
penditures have been almost entirely conf
ned TO that portion Of the work between Mil.
ton and Willamsport.
In June last, contracts were made with
Messrs. Sennett, Brown, Caldwell s. Co., for
The graduation and bridging of the road for
100 miles eastward from Erie, and fro n that
point to Lock Haven, with Messrs. Gamble,
Rockefeller s. Co.
9th. "llave the other contractors, if any,
complied with the terms of their contracts
II no, are the coptracts binding on the Com.
panya'
The last two contracts required that the
work should be commenced on the first OF
August last, and TO be finished in two years
from that date. No work has been done by
these contractors hence, in my Judgement,
they are no longer binding upon this Com
pany.
But, it is my duty 10 add, in justice to these
gentlemen, that since the appointment of
your Committee, have addressed these par
lies relative to the contracts, and obtained a
prompt response from prominent partner ol
each firm, to heeflect that if these contracts
were regarded as an objection 10 the sub.
scription by The city, they would eheerfully
abandon them, as their great object was tc
aid rather than retard the completion Of the
road.
These letters have been exhibited 10 you,
Committee.
7lh. "Upon what terms are the work.
that have been commenced al Erie, contract
ed for What amount has been paid upor
them! What sum will be necessary 10 com
pele Them, and in wha, manner is the worl
10 be paid for! What are The prices of tn,
: contract %
The City Of Erie made most valuable
donation 10 the Company, Of about l50 acre
OF land, located in the most desirable part O
: the city, and fronting on the harbor, upo
, The following conditions, viz-"That III
Sunbury and Erie Rail Read Company
shall construct or cause TO be constructe
, upon said lots, Pier OF the like char
acier and width, TO be composed of ik
materials, and subject 10 The same regula
tions as The present Public Pier, commencin
at the northwest corner of said lots, and eA
tending in a Eorihwesterly direction to III
west end OF the south Channel Pier 10 b
, completed within one, and The balance with
: in two years from this date the constructlo
r OF said Pier within the time, upon the cor
dtions, and the occupancy of said lots for III
y purpose stated being express conditions
. this grant; and Prouided also, That Erie
made and continued the terminus OF sal
o Sunbury and Erie Rail Road Company"
order 10 secure the benefits of this very in
pottant grant, a contract was made vii
O Messrs Geo. ]. Morton & Co., for The pros'
0 cu,ion Of this work, in accordance with ii
O terms Of The grant. The payments 10 b
made in the Bonds of the City of Eric
o par, issued in payment OF the su description /
o the City of Erie
0 Under this agreement, $4,000 Of ihe'
n bonds have been transferred 10 these contra
n tors, anL al length an equal amount in add
N tion is now due 10 them. II will be obseI
n ed, that the conditions of the grant mere
n require the construction within Two years,
: "Pier of the like character and width,
% the present public "Pier,n This work is c
i. lima,ed TO cost SIS, 900.
r The contract, however, includes such 9th,
/ works as this Company may hereafter direc
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