The independent press. (Abbeville C.H., S.C.) 1853-1860, 1860-08-31

I
Der, 1907 Observation-Disclosures. ......... ,657 900 O
"Sum total of the cost of the road
to Clayton. .S4.4co, ,124 0'
| You add your estimate of the cost
| Of finishing the read from Clayton
| to the North Carolina line Q
miles. .135, 600. OF
''Sum total for South Carolina
and Georgia" s4,535, l29 .Ot
| You then deduct
Your own estimate of the cost Of
| the road In Tenn,.s.S lGG 66G. 90
Rolling Stock on the
road. .....-............ &C, 10000
Amount of Engineer
ing charged TO North
| Carolina aud Tcnnes.
see in November 1856 :. .G3 10000
- 2so, ,449. OF
"For mork done in South Carolina
ana Georgia. .............,.......S4, ,254 gu. VI
You then deduct your estimate
made first November. 1856 ofthe'
cost of the ron.l in South Carroll
M and Georgia TO that date...... q, ,654, ,034 0C
''Efcess If cost ourr. estimate, up
to 1st November, 1859" 5000, GAG. .0C
Tho sum total of expenditures in the
Treasurer's account, which you have
charged to the cost Of tho road in Soutl,
Carolina, sand Georgia, comprises many
items which did not enter into.Col. Gwvnn's
estimate Of the cost Of comp!e,ipglhe road
in those States, and were not EXPENDED in
construction, and, therefore, should not
have been charged in your statement to
the cost Of the road in those States: These
items are: Expenses, salaries, printing &C.,
right of way in North Carolina "AGdT Ten =
nessee, interest on bonds loss on sale of
bonds and stock due by Anson Bangs &
Co.'-the amount due by contractors be-.
ing for advances made to them on account
of their work, transportation expenses
(hat is, of running the trains between An
derson and Penlirton) and repairs of the
roadway, amounting in the aggregate to
Slss,5sO.
In the sum total Of expenditures. yo.i
cIHrge TO the cost Of the work in South
Carolina and Georgia Sl6G.3o tue total
cos, for engineering on the whoIe road from
Anderson to Knoxville. But you, deduct
from this sum what You arc pleased to al
low for engineering in North Carolina and
Tennessee S53. $50, leaving charged to the
cost Of the read in South Carolina and
Georgia for engineering Sl12,TOO. The
Just apportionment of engineering. would
te in the ratio of the length Of the road.
1t j. GO miles long in South Carolina and
Georgia, and 126 miles long in North Car
olipa and Tennessee. Ii engineering is
Charged in this proportion the sum to be
charged agnins. North Carolina and Ten
nessee would he SLOT, $50. Youtiave al
lowed for engineering in these States only
s53,7sO showing an overcharge in round
,numbers to the cost of the work in
South Carolina and Georgia cf 1000
If this is added to $1as, $50 the sum will
shew an overcharge, m your statement TO
the cost Of the work in South Carolina and
Georgia, ofasnore than $4,000.
8 The next item Of overcharge in your
statement of the cost ofthe ioad in South
Carolina and Georgiaeis3ibe addition OF
S40.l23 to the sum 1a'tat the cxpendi--
iures3h- the T:easurcr's report of 1859.
Not'content with charging to the cost
Of the road in South Carolina and Georgia
the sum total Of expenditures on every ac-
count. from the date Of the charter to the
first OF November, 1850, you pick out Of
the column of'Receipts' an item for IRE :
served in Cash, Bonds and Stocks, for the
completion Of Contracts $l49,l23-snd
adj that sum 10 the sum total of expendi-
lures. Work done cannot be; entered in
the column of receipts. This would make
NE Treasurer debtor totlie Cor,panyis6
the amount OF the entry. il it was not bal
anaed by al. entry ia the other colamn.--
Accordingly. the item Of $l49, ,13a is iq|
Guided in -tlie SUN of 50, 2,07s,0O0, for cor
struction: and the e,tSy of $l49,l2s, in
the column Of receipts, Is expiajnsd as be-
ing 'reseWcd as security tsen psrform-
ance Of Contracts that H3<9seeived or
retained by the Treasurer for the Contrac-
tors, to tie paid tosthem when they should
have performed their conkracts. It. car not
be retained forth Contractors, unless they
had done work TO-, THAT amount. This
charge against the Treasurer must he bal
,anced hy All 'e9ssy in the other. column,
andjs includetIsMabe item for construction
The fact is. nnf tffe entries in the Treasu"
rer's account. are in conformity with the
fact, that s207s32O does comprehend all
&he work tha, WAS done to the dute Of the
report. In the first Paragraph ofyour let.
yer when you refer to the Treasueris ac-
coun. fos 1853. you say: :I.6ndjdptfp, the
first Of November, 1855. there, VAS psid
ont and due for work Sl,102 2,oeo.' When
you take pE the correspofding item ,in die
account for $50, you, ssy Mere Vas .actu-
"lly Paid out &2,694,o0o. In The column
Of receipts In the aecuuut for 1885, there
there is An ehtry.i the very words of
the entry ofsSIAa,l23, insthe colsmn Of
receipts for 1880 =, yet G,FfIii did N NJ in