, 1873-01-02

put thus; "Jay Cooke l. Co.-so1o, ,o75.45" II
1t Ia commission for tho salc OF bonds ]: 9. q
o. aro certainly making g9o2d Ting o. ~ II
considered 4 good thing. 10 como down llttlo
oIoser, Jay Cooke Il Go. aro making out OF the
Northern pacilo Railroad transaction over eix m
hundred dollars day. Homo Of this mny go for
advertising; don't know how that III; only
know that they nro Pit down on tho sworn stato-
mont Of tho 1roailont Of tho toad as having
recetved s2l0, 0,o75.41. -,
So It appears that according. to tho report,
ing tho roal had boen pnld as interest on bonds
alrondy sold, ind to Jay Cooke i Go. Isn't tint
novel exhibit for a railroad company to mako9
How long will 1t take tho concern to cat itHof up
at this rato
This report waH sworn to tho 24th OF May Inst,
but toro ia darkness Us to tho date Of tho Btato-
ment takon from tho Company'H booke," o. boz
foro shown: 80 so don't know np to what time
s0l0 075.45, or up to what tme 81 070 695 Do hEd
beon paid Us interest. Wo only know That tho
statement III tnlsen from tho Company'B books,
and tho whole thing Is sworn to OIL tho Gath day
Of last May.
Secretary Dolano, In hlB Department report,
referring to tho Northern paciio Road, Aays that
ported to him In B20, ,4422 2a6.4o. Tho Inv is TINT
thoy aro to furnish him a sworn statement Of
tho condition OF thoir lnanco1, &c. To SEQ thor
statements In full, to-day called OH tho Bocro-
tary, and no showed mo tho papers bearing On
tho caso. ..-.-. 1,.,
Hero is their indobtodnoaB up to Oct. 19, 1872.
aa rendered. to tho Secretary by tho President OF
tho Company: ...,..-
First mortgage bonts: 1929 o oo
Da payable, CURRENCY. l,a29 45g2g
Bills payable, coin: in:.........-...-...." z4,1a1oo %
Bills payable, bonds. lily, ,6anoD ~
Due contractors. rs................."...." 35,ol7e5
Total. sal, ,24s4o
Nov, in tho statcment before tho Committee,
l A., L. 1$
ovor eli 100000: Botwoon tho timo that tho ro-
| port WAS sworn to md thp tIno that tnB w Was
sworn to-losB than five nnontlls-noarly 81, oQu,s
600 worth Of bonds were aold, or over 81 oo0 ooo @
out Of tic sale of s1i, ,60o, 600 in bonds, ont Of
| made we'll rp to 81 ,0o0, 900.
Clearly, from tho reports as .giyon, there has
| boon millions OF dollars moro bonds sold tnan
has boon oxpondod in construction. Whore g., is
| this surplug? Who has tho uso OF it.? Tho
compauy2 Tho way tho thing ia going on it VIII
soon tako tho salo Of million and half dol
On On tboso TINT tavo already boon sold, Tho in.
| forest is even now running up at tho ratio OF
about ono million two hundred and sixty thou-
| aand dollars yoar. .,,.,
| gresB tho cost Of surveys il put down at 97a0,-
| J70.54, In tho statement furnished Secretary
| Dolano flve months later, ns eco from lis lato
report, tho cost Of survey up to July J. lo14
pany), WAS $464 4,Gso.7G." Why this difference
why should tho cost of survey be put at one
figure in Que place and nenrly TWICE as high in
mother To 30 Rure, it may bo clorlcsl error,
however, ii does not look entirely regular and
businosH-liko. ",
CORPORATION, but don't it look aa though there
40 much has boon given ought to onlghten the
peoplo now and then a. to how they are getting