New-York tribune., 1874-04-23

soon leave for New-York, and whose
duty viii be to report mot only upon p the Sg
eral statement which had now to present qood
for only 70 add that our business tore and
believe when the report in question SHAH be nseo y
those whose competency for the task aud
tegrity and impartiay assured, the Teceh! % an
TO iniure the credit of this Company VIII fSs IN better
placing this great property before oin,ed ,ne ppoA'
position T man it bias % eysF & eeiOTP M WITsoS President
Tho following are the letters of James C. Carke ni
vice-Presldent and of Henry Tyson four'n Wv
dent referred TO President watson ''i'''
MIR. CIARKE's LITTER: co,,p.xy.
ERIE RAILWAY SoNfATNi'
The Hon p II. WATSON PresG rdd dr'S Mr. = H. DHnan,
l,Ie auditor. published pamphlet pnrp1f'nS p in which he
the financial condition Of the ERE bs I furnished
W %e on Aug 2s 1873 at ms DInanM M Ghch was de-
the extraord@Pai @ rTept expenses maintaining tho
nermsnent way from Oct ], 1872 10 Iuno '' ''' We"
Further communication by him in IiE TRibuSB
~ Apr H. he alleges that after an lnterNew S hat
V @ ,,rself that YOU then sent FOR me, ana tnat
mn DIN Su of INV interview with you was to furnish you
statement which decided yOn 10 ueuuct aron m NJ ,nS u,
operating expenses OF the Road Departmen ne sun VI
TO enable YOU to apply tnat sum toward the pay
ment of a dividend The only interview M ever nau W
Dunan's suggestion land IN his presence at your oo
at the House AT no tine during tat lhei
view Tor any other ever hat with you was one "oru
said abOut a dividend -. ,,o n
Inow submit to detailed exhibit marked A.,
showing the basis upon which my statement OF August
%, 1873 was made The expenditures for the hlne
months ending June 80 1873 the DOCKS IN Tue Aualt9r
Office are correct show there expended on the hVe
items named in my statement Se54ee 70 more LOT the
mouths ending June So 1873 than was spent upon
the same for the corresponding months OF leIL
In that interview with you TO which Mr Dunan refers
and in his presence, gave You the stateinent wnca
prepared at his request showing tha' the sum Vi
ought be charged TO reparuon Tor deterora
ton caused by non-naintenanoe OF these items ID
/ herewith hand you a table marked B. which is
correct transcript from the books IN the Audilor
office, as well the line officers monthly reports 1or
the nine months OF each year from 1863 10 ana hcuuue
June 80 ls73 from which you VII see tat mere was
expended IN the nine months ending Jnhe ~ le5 SUI,
largely in OF any corresponding nine months
months ending June So 1873 were sl45Osl 81 greater
than the nine months 1869: <5is43 81 greater than
the lne months OF IoU SS1S SGS g e. more tban the
nine months OF 1872 Hence yod VIII perceive that
deterioration was perd'ea and tSA u pSs peeees
sary TO 80 further back I'm the history OF OF
stiI greater Table &C" is comparative exhibit of the
expenses the Road Department. taken from the books
and Is73 stated TO you on the 2sth August 1873, tha
of OO ought not 10 be charged TO the
expenses OF the months ending June 80 1873 but
was legitimate charge against former years, because
II the property had been fully malntalned 10 Oct 4eI
your line as would have made it necessary 10 make the
extraordinary expenditure which was made IN the nine
months ending June 80 1873 The eoodudgmen aud Wis
dom making these large repairs IN order 10 build up
the property TO standard OF efficiency is now (and has
BEEN fully demonstrated by the fact That your road
track and supersructures are III better condition 70
day they have been for several years past and TINS
Is IN great degree owing 20 the improved and renewed
condition OF the track, roadbed and supestructure
which improved condition was IN great decree ae-
compsled hy the large expenditures maze upon them
| in the nlne months ending June 80, 1873
am quite that gentlemen Of practical railway
experience will clearly from the facts set fortb that
| the extraordinary expenditures made upon the road
during the months ending June So 1873. were not
from oct l. 1872 So 1873 These large expendi
for permanent cellements which replaced the
neglect OF former yeare-dd not with the 30th OF
June 1873, continued until the approach OF the
Winter mouths. The effects OF this policy have enabled
] nd ma fam he 10 Il
way during the months OF December 1873 January ana
February, 1874 for SS226 9s less than the correspond
| ING months of 1S72-3-whe March, Apul, NAV,
| anG June will undoubtedly show results that VIII
prove the decreased expenses for maintaining TINS
branch the service for the nine months ending June
g. ~ t ' niIa % ,nm,hs ending June co. Is73 As further
proof Of This fact although large expenditures were
made July. August September, October and Noveni-
rom ootober ns7. me Sspe9ses
ure have been $O 90 less than FOR the corresponding
month Of 1928 specuvey and from october J. 1873 10
deprecate; on the contrary to-day your permanent
way in better condition as whole than at any pc
Rod OF the wear 1873 There however much work yet
TO be done bring the Ere Railway TO such standard
OF thorough good condition rs to enable IL TO perform lts
whole duties the public great channel or com
nerce and at time 10 enable 1t to be worked
at less cost than heretofore TO It's owners.
risk nothing saying this latter object VIII be ae-
complished when It shall complete the renewal OF us
bridges with iron instead OF wood-aS ls now Dele doe
s fast as il found necessaTyrebudng Its Imperfect
~ rosa ned the snhstitntion of Bessemer
of crosstes than has been used past strict and
tborongb acconnaIlty required from its officers and
euuloyEs a gid and prudent economy eXactod and de-
nanded from all III every branch OF It's service ,
NV connection with this Company began on the 2sth
dsy of February 1873. From that time to this have
made no statement respecting the road tor Its opera
ions) which did not believe 70 be true and correct,
| and CAPABLE of being substaHtiated Nor have ever
approached by any director OF oncer OF TINS Com
| pany VINO desired 20 make any faise statement.
'00' JAMES G. CLARKE. Third viee-President.
VICE-PREsIDFNT TYSON's LETTER.
4 RNT AY
OFFICE Oh TIE DEPARTMENT OF MAcBINERY'
| The Hon. p. II. WATSON, President
SIR: In reply yOdr inquiry OF yesterday respect
fully inform you thai on the 27th OF August last the
from a statement showing what amount. II any, OF
the sum charged TO renewals ana msihe1ahce OF ma
was in excess OF what should nave been considered
! the machinery had teeh properly maintained during
As ali accounts were recorded in the Audit once
reHuestcd the General Auditor 10 furnish me- with "a
summary OF the facts to enable TO form
opinion on the question he had asked, and also 10 give
me his views the subject, as had but recently en-
| tered the service OF the Company.
on the evening Of the same day lie had statement
| and memorandum prepared, and handed them TO me,
both Of which nclose 10 you. The clerk IN the aud
Office who prepared the papers states that he did SO
observe that in this statement the comparison is made
between the mouths ending Juue 3O 1872 and Tor
the same period 1873 assuming 10 cenI chargeabe
TO repair for ls73 and leaving balance of Soi5Oi 15
On further examination Of the accounts was found
that the OF similar expenses for the correspond
ing nine months OF the three preceding years was
SA94'sS less than the expenses OF the nine mouths
ending June 80, 1873.
Under these circumstances from personal observation
| Of the condition of the machinery July, and state.
meDts made TO me of its greatly deprecated condition
by those 40 charge OF during the previous year con
sdered the Auditors figures as sufficiently accurate
embody them in my report 10 AS further proof
the prOpriety OF TINS course have the experience
OF the present term, commencing Oct 1873 u the fret
six months OF which period these expenses have been
$4,000 G5 less than for the preceding year, although
upon an increased tIafhc; and the remaining three
| months Will swell this sum 10 considerably over
| $4OO.5O0.
had no interview upon this sntec with either your
self or any member OF the Board OF Directors
anv one General Tue condition of