Wheeling daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1852-1859, 1859-01-24
OFfIcE or THE CRESCENT MANG Co,
.jannary 81.

Crescent Manufacturing Company, III June 1896
borrowed of the Hemptied Il. T.. Co., 500 tons
of railroad iron which they replaced in July
1856, and poid he Hempfield r r. Co nereSt
on the loan until the iron was returned The
loan was secured to tire Il. II Co, by the Crcs
cnt Manufacturing Companys draft on an ex'
hibit by J..tS j. P. Tucker. or Tucker CootOn,
Philadelphia, for the amount OF $tS,500, being
at the ralc Of 500 pes ton.
The iron was lying there on hand; the road
was not in conditnu 10 use 1t OF allow 1t aaHe
The Crescent Company had contract which they
were deSirous to ill Immediately, as the price
was going down, and they borrowed that iron
and paid the interest Oh it until it was returned.
n. WlLEiNSoN.
That is he whole of that statement.
I have Mr. Chairman, with the aid Of a COM
potent. book keeper or TWO, at considerable Ia
bor, separated the accounts of The Company,
taking the assets on tuat which was so calle6 at
the time WAS elected in the board and with me
two gentlemen from this city in S55, and the
account upon its face will show thai since was
director, taking these things as assets, w0icN
explain themselves, that the Company received
and diSbursed 50, l73, ,S22 80. The account is
in detail upon the books and can be and
examined, by any gentleman feeling an interest,
either at my Office or at the -Company's office. -
ANY gentleman making known his desi;H 10 eS-
anime any of these accounts upon the Hemp.
field r. r. books, being citizen OF Whcc0@
or Ohio County, he shall have that liberty and
all aid shnll he given him ia addition. Here is
one item which I will read
2 cAttd sng placed in bsras of prs-
et 6sags OF DrsstSrs Or csG "s 6"a sr RI. eSe ne -,
EoHs;; s;, - ~ .i,1s:J,,: ,sle3;SS4:s5sss :s5ss
Notes And Bouds secured bv Eontls of CSUu.y
CTS, Washington coraty, EoNouSh and 1st
MGfsssGs iry aiHoants masas av1ncsd 6v a,v. soGs
Interest lAcoSued at Philadelphia. Gs11 so
$2,I7S 82s 35
NJ. Smith attaches to this paper after It's e&
hibt made by MIR. PoitiaaX, the statement thTf
although not entered upon rhc books of the com-
nany nor Included in the above statements Of
assets, we show Abht Sl,0O0,0n0 of morte sc
bonds had been authorized. The hoods had
beerJprocured aad $350,000 Of thcm h#d been
biased AS A cotaterul 8oan for $4,000, placing
IN HE bands Of the present board $3.50, 600; the
first mortgage.
The fAci is 10 reference 10 this account wiIch
Is Showu here AsassefS pfSl ,645, ,000 that waen
these accounts came TO be settled nearly all OF
tAe,n being officers Of the company 50 fhr As
they were concerned, they had nothing in their
hands There is q siFemen4aecomPAnying this
general statement which; IF the meeting desire
I will read.
DnSprssm<Ats BY plesent Rosyg Nom Sfg1ests, ses,
u 5 = ES1d Gs7 zane iofo asir 2nS of
VGVSPtl1i coniIoy, ..
%4.ss. ss sgssy s'sy s.Sss SS3
osh &;i pc Et6tensht ia aeeil $5FIj jSa2 %
Z .5,sSs,s ssSss g s. 9s!D i os9i sSl ss pa ss q
For coS,rnissions ,on:Iels Of 6SYscs, 5isssegeiP
SST, So2ISse fses'ls9s sonds Srpo5eAt fsr Loans,
xc4lfSeY, s"S .So ths $500 90 viii Bank ..., -
Pennsylvania Ard ofheT 81 500 ...Si 100000 60
Noye~Sy IS s5s ns But SsoS5 unplsdse at 4hGt
Of CITY Of wSsS"s SsE6"ssS 2so n &
@ s3 Ss S:st$
be 15 1S5 excepting $hi 800 as APpc'rs from paper
S's1sS;a Ss s;eas, S SaaGiastsi aSsoa1it rt ~ ~
S1Ss a%onGf :Gssd Sss &Tooa Co. debt @ 81
hoard d...............'.. 20 lsS %
sc 3,s2i. IS
That is the entiYe statement, ore balances the
othe1: ANY gentlenaN dsswiNg aoy explanation
will give It so far as understand it State
Ment a reads rs follows: f t'-
IestHt BoHrd as pc, StsttmtAt Of the Boo keeper
otxIo Z o. wGrsns SUs'E Eogds *9OOOO co. hypa..e-
ssd 81 ss,'Rg s sR 6ss s
JHlleycd and disposed o. .............. $4,000 90
10 Count Bonds, $s3,nOO co. nypohs;ci,; ed
;of exisung debs previous % sepi ~, lsIJ'
SIovc iE ar r'SIo disposed ss fss. '" $1,000 60
eeStad ;or EXISTING deo's previous o Sept;
+ e. t01g rsiieyed and disposed o. 1900 90
WsShinetoR Borough Bonds, $4,000 90, ny
pothecP for existing deh1 pIeVouS oSept
~ ave to1 1eeSe ans ans NdsSS disosri DO 1o9Oo 90
s1Mort3sae Bonds, S1,OC0,UO0 OO, hvpothe-
/ caJlN iOY cSaSti 1g deb:s previous o SEM. 3a
1866 Ss5o,oOo w, :av'ug :he amovft hvpo- -.
I:c. .fiI pecsentBoAF SGoO,OOO 90
This Mr.. Chairman is as full statement, and
es explicit and clear MS think can be made by
any book keeper without furoishing each item
in detail which may be found upon the books,
and which are never furnished in representa-
lions of1his kind. They are always condensed
stytemcnts in every corporate body.
Twill say, MIR. Chairman, in conclusion upon
this subject of the Hempncld T.. +. that so far
/ sS am concerned aud my colleagues here in
4 he city with me inthe board, there has not a
dollar come into my hands ofthe whole proceeds
of sales, or anything else eXccpt what was ne
cessaTv TO pay my travelling expenses, and in
several inslances not enough TO dothat. The
roaa IS ndebtcd 10 me FOR cash paid out for tray.
rIins expenses. | haze spent weeks at a time
in endeavoring TO free this unhappy road from
| the difficulties found it in when went into the
board. | desire now 10 say 10 conclusion oI
tbis subject that any gentleman desiring any
lnformatioh in the way Of detail has free and
tull access 10 the books and ell the sid that eau
| be gwen 6in.