Bedford inquirer and chronicle. [volume] (Bedford, Pa.) 1854-1857, 1857-07-10

~ %OIO,OlZ VI
Motive Power, 75s 100 az
nepairs. 3S3,584 81
LOCK keepers, 26,261 so
manages, 30,9l6 IS
Collectors, 346I7 "a
eanai Commissioners office, 5,824 72
1,s55,2l6 rs
Deduct amount spent on New
Portage, 454,141 SO
Amount spent on Main
Line, 4o1 e75 "A
Amount reported by Canal
Commissioners as spent, 945,S6S,l3
Difference between the two
statements, $455 ,2O7 25
Ii the amount spent on relayiag the track
OF the Columbia road be subtracted, the Ca
nal Boards statement would still be $685.
536 80 below the truth.
Amount spent on Main Line
In 1904, ercluSiue Of work
on New Portage, $l,40l .075 SO
Receipts reported by G. g., 1,179,010 IT
Balance against the Line for
1854, 5000 os5 81
This is also exclusive of interest on the
cost of the work, and represents only the
money actually paid out that year. In
ciuding the interest, the loss would prove
to have been over one million of dollars,
instead of the S233,142 Oh the Caual
Board were dreaming about.
A similar reference to the books for
1858 shows that the Main Line did no,
clear the $685., 1862 80 claimed for it by the
Cana! Board. They reported the expendi-
lures at Sl,02l, ,470 II. The Auditor
General reports the total expenditures at
S2,124, ,265 30. ErcIudang work on the
new Portage, they were 81 l,5l6,419 rs,
and ercluding the entire amount charged
to construction, SS66,0 At, the expenses
are reported by the Auditor General at ST.
258,2l6 83, or S236,746 &C mo,t than the
amount reported by the Canal Commission
ers. Instead Of the Main Line clearing
$685., 1862 80, the figures stand tins:
Spent on new track Columbia
road, locomotives, motive
power, repairs, lock keep
ers, collectors, damages
and Canal Commission
erS, Sl,4S2lS5 81
Receipts from Main Line re-
ported By c. G., 1874, ,322 so
Balance against the Line S107,863 Il
To secure the alleged profits, the Canal
Board erctude from expenditures the money
required for relaying the track of the CO.
lumbia Road, for new locomotives, for dam-
ages incur ID, &c., &c.
In 1852 the Canal Commissioners report
ed the profits of the Main Line at 1885,
SCI, and fixed the expenditures at $685.
058 A. These the Auditor Generals Re-
port shows to have been 81 ,480,340 20, or
$96S, ,551 o., exclusive of the entire Con-
struction account Including the amount
paid for re-layiDg the track of the Columbia
railroad.
The expenditures were $1,190,l54 90
Receipts of the Line, 1,391,64! Al
Apparent profits, Sl92, ,492 45
Against which are ts be charged sundry
debts created and not paid. On page seven
of their report for 1858, the Canal Board
ask for an appropriation to pay $84,577 So
of debts contracted in 1852; and others
were developed in subsequent years. In
addition, no estimate is made for deteriora-
ton of stock, for replacing which heavy
payments we're afterwards made necessary.
though always omitted by the Board; and
all reference to interest paid is omitted.
Including these Offsets, the apparent profits
dwindle to nothing, and heavy account
rises against the line
In my next | will throw the operations of
several years into tabular form, so as to
present clearer and more condensed view
Of the period embraced. ADAMS.
Hhu,Sn IT,