New-York tribune., 1874-12-15

made Of them. What is wanted is pront and loss o."
nciency instead OF q surplus Its absence from MIR.
| Jewetts report is ominous. .,
| The public already know that the amount OF funded @
debt bonds ali eady ISSUED, only s6Ooo 600 OF the
last mortgage have been disposed Of In now $66GOT0
| the Company are on account Of Endorsement OF the
bonds bonds OF other worthless and bankrupt companies
The Boston Hartford and Ehe bonds 0ooooo 1927 oS
Atlantic and extension bonds ,oo ooo
MT Jewe1t Should give u; the whole list. tho
| same time II would be well to give complete balance
sheet showing the entire liabilities and assets OF the
all money raised by the reform since
the advent OF Mr. Barlow and his associates, and sup
Consolidated mortgage bonds tr'......." % %sSeoi 2oo
GoS.edssd %osacs bonds. second $685.. iSoooooS
kseLimed from jay Could .............." eOOOVoo
-,o,v msS p,i: cnsy G eGl aS1yS Sgq for
70 extends only from Plermont TO DunKlrk with a
branch from Graycourt to Newburgh. and another
the road property being held under leases the rentals
Tor which have tC be paid or the Erie will be GRIP
tS7 100000 was raised Commodore Vanderbilt during
ihs same time has built bis third and fourth tracks
operate at cost OF about hall this amount Now let
us see how many tracks and other facilities this large
| 1t has the capacity 10 earn Though the
% reports indicate falling off in the ,eita enrI
Gen Dix, in his report OF july l., 1872, showed that
the Company then had 953 miles Of road, 4S9 engines
IL
Sept 3O 1s7 for 959 miles OF road tan increase
OF Fix mes, which is the Newark Branch) 49l engines
Mr. JeweI avoids this subject, but taxing Capt Tyers
report as my authority, find that the length OF the
relatively small increase in the equipment.
| Again, what has this vast expenditure OF
In October, 1871 the bonded debt s26398OOO. Il now
amounts TO 5OOOOOO which is inclusive OF te sl5O00OO
6C0ot00 required to reduce the floating debt have
been placed II would make Increase Of ctpltal re-
he m
bonds. and s9OOOOOO Gould resttuton-s256Ol,2OO The
| earnings III 1871 $l7,lGs,G5 lG aud III 1874
sls,5969 &C. increase of only sOO,o9J CO. The work
bgexpenses stated at ~ la &c deficiency
In the increase OF net revenue 10 be supplied from other
sources.
There is something in Mr.. Jewetts peroratiOn which
sounds startling, aud is the subject Tor serious rcfcc
ton. Tor he says IN regard TO Mi. Gray report
Of bis mission to London TO tike charge Of the Com
pany's interest III that city and "a Tar as possible 10
ADJUST all unsettled accounts between the Company
anu othefs tnere anu 10 receive pOsAesrioh o lhe
bonds or other assets OF the Company winch might
Board upon the fact that we now know the very worst
We have liabilities that quarter, except those
| which can he made upon us by our bond and share
| holders We have no complications which can EN-
baIrass selecting such agents as the interests OF
The Company may indicate as proper While TINS II
the ease abroad we have the same cause Tor cOnSla
ulatiOn at home We know the entire liabilities OF the
Company. what they are and where they are" g We
| now know the very worst!" What Is tins very
| worst " Very what Did Mr.. Gray
the bonds s or other or r ony Rri for
the bonds disposed or and what was the yery worst
amount he could not reclaimi Did he settle with
BschOschelm and get the moneys Oi the Company out
OF their possession. that now Eve have cOmpiica-
tons which embarrass us IN selecting such agents
the interests OF the Company may indicate as proper
or what the "very worst amount ne was Obliged
to let them retlinl 1--WE know the liabilities OF
the Company what they aud where they are" Inat
Is good, aud j. such Information - corporation OF the
magnitude OF the Erie Railway should have, ana 1t Is
surprising they have got along without having
that knowledge; but now that they 40 know, wl!l MI
JeWctt please aud explain" so that the stOch-
holders and the interested public may know also
r.