The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1860-08-28

$50, ,449 90
'.For ,rork done in South Carolina and
Georgia, S4,254, ,G90CO
You then dcduc; your estimate, made
1st November 1856, of the cost of
the road in South Carolina and
Georgia to that date, 1864, ,03400
''ErcesS Of cost orcr estimate, apto 1st
NoremJcr, 1882 S6OO,6i6.0O
The sum total of expenditures in the
Treasurer's account, which you have
charged to the cost of the road in South
Carolina and Georgia, comprises many
items which did not enter into Colonel
Gwynn's estimate Of the cost Of compile
ting the road in those States, and were
not expended in construction, and, there
fore, should not have been charged in
your statement to the cost of the road in
those States. These items are " Expen-
ses, salaries, printing &c, fright Of way
in North Carolina and Tennessee" {" in
tcrest on bonds" loss ON sale Of bonds and
stock" "debt due by Arson Bangs 4 Co., :"
the amount adue by contractors" being
for advances made to them on account Of
their work, Transportation expenses"
Chat is, of running the trains between
Anderson and Pendleton) and 'repairs Of
the roadway" amounting in the agyrc-
gate to s1SS,5S0.
In the sum total of the expenditures
you charge to the cost Of the work in
South Carolina and Georgia s1G6,399, the
total cost for engineering on the whole
road from Anderson to Knoxville. But
you deduct from this sum what you arc
pleased to allow for engineering in North
Carolina and Tennessee s53.7S0, leaving
charged to the cost Of the road in South
Carolina and Georgia for engineering
s1l2,700. The just apportionment Of
engineering would be in the ratio Of the
length of the road. 1t is 50 miles long in
South Carolina and Georgia, and l2G
miles long in North Carolina and Teuncs-
see. If engineering is charged in this
proportion the sum to be charged against
North Carolina and Tennessee would be
s1O7, $40. You have allowed for engineer
ing in these States only $53, $50, showing
an ovcrchargc in round numbers to the
cost of the work III South Carolina and
Georgia Of $4,000. If this is added to
S1SS,5S0 the sum will show an overcharge
in your statement to the cost Of the work
in South Carolina and Georgia, Of more
than s242, ,OOO.
The next item of ovcrchargc in your
statement Of the cost Of the road in South
Carolina and Georgia, is the addition OF
$40, 123 to the sum total Of the cXpcndi-
lures in the Trcasurcr's report of 1850.
Not content with charging to the cost
of the road in South Carolina and Georga
the sum total Of expenditures Oh every
account, from the date Of the charter tc
the first of November, 1859, you pick out
of tho column of "Receipts" an item fol
preserved in Cash. Bonds and Stocks, tol
the completion of Contracts" Sl49, l23-
and add that sum to the sum total Of eX
penditurcs. Work done cannot be enter
ed in the column of receipts. This woulC
make the Treasurer debtor to the Com
pany to the amount Of the entry, if it wa:
not balanced by an entry in the othel
column. Accordingly, the item of sl49,
123 is included-in the sum of s2,07S,0 900
for construction; and the entry Of S149,
123, in the column of receipts, is explain
ed as being preserved as security for th'
performance of Contracts" that is, re
ceived or retained by the Treasurer fol
the Contractors, to be paid to them wher
they should have performed their con
tracts. 1t cannot be retained for thu
Contractors, unless they had done worl
to that amount. This charge against thu
Treasurer must be balanced by an entry
in the other column, and is included IL
the item for construction. The fact is
and the entries in the Treasurers &C
count, are in conformity with the fact
that s2,o7S,S2O does comprehend all th'
work that was done to the date Of the re
port. In the first paragraph of your let
ter when you refer to the Treasurer
account for 1856, you say: 81 find, up tt
8 the first Of November, 1856, there wa
paid out and due for. work 81 ,lO2, ,000.'
When you take up the corresponding
item in the account for 1859, you say
athere was actually paid out" 1854 600