The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-08-19

For the Third time in six months tic Off
| ciuls of the Delaware and Hudson Canal
| Company have come before the public with
| an exposition of the state of its affairs
| First they made their regular annual re-
port with unusual iulncss Of detail. and in
advance of the stockholders meeting; then
they printed ut length their allldayits in
| the ANDElsoN suit; and now we have the
| report OF II committee appointed in May to
! visit ana inNcstig at" the company prop
crty. This il in striking and agreeable con-
! tfast with the old times, when an annual
| report of two pages, telling nothing, was all
| the Information that was vuuchsafcd the
stockholders. and when the most polite re-
| quests for particulars were met with an in
solcnt rudcncsS which intmatcd that the
directors alone We're entitled to know what
the company was doing. II the reform
| could hc extended to some other great cor
porations. 1t would he benefit Tor which
thcirr present financial misioltuncs would not
be an altogether Inadequate price,
This last investigating committees re-
| port /. pamphlet of more than one hun ircd
| pages, accompanied 10y a map of New York
lcnnsy kana, and New England. ON which
the company canal and railroads and their
connections are indicated by colorcd lines
| Tho vnri,u. ,i,,.,. -, ,h,, .,,,,,,,,,. $780,.
crtvor described i, dn,,n 49,, ,.,..,., .,,.,
vain, nf il. c,ol lands s.,, ,,,,,h a., l,a, ~,
railroads and their results given one 10y one
ana number of tables Of figures presented.
showing its financial operations. The stock
holders who read the document through
carefully will know more of the nature of
their Investment hmm tlo,. .,..r iii ,,'.,..r,
and w, recommend il tn,L.ir ,t,,,,i.n or
cor.in,k Jla
The vital point for nre.cn, considcr,,; inn
is IN. prnl.nh,litv nr., If IN. ,,,n,,,,.'-
k.ot,i,.r ont nfloukr,,.,,.,. ont -.....,'ll,.
its r.-Iuii,., thn n,v,,..u, ,f ,ti,4.4l-
Immediate hn,,kru,,to,. has h..,,.,,,,t.ll.,.
the creation Of a sio noo o,n mar, .,,,,.,,, ,l.
cnmuanv'- p.nu.vI,o,,in ,,,.-...i,,,- ,,r,i.I,
| the comnitt..-,v will furnish nlltI,,r,,,,.
needed until January l,,o pryid,,l-
they fnrthertoli us JennnI .n,i,.l,.,r I'm,
price- of ,onl. At thn rr,.-..,,, ratio, r ,,.,.
ductinn nm ov,ro,,, n,i,.n ,f - ,,.,,li
cover fixed charge. and Al b.,,udtI,,t vy,,,ld
rototlcst,,khnl,l,rs ON - n,,,u,,i,n ,f
25o.Ooo tons. ny.ral;. r.,,.itts If slr.,.t.,,
would pav all charges and r.-fnr,. tha cor
ppratiun t. H., former prosprritv. Th,s,
are comforting, assurances lint tlry ,nuld
have more force il the data upon which they
are founded were more fully prr-,.n,.1
What the stakeholder. aetunl or rros,.,..
tive. i. entitled To- know j. thn.vort n,,,,,..-
ol the, present nrnductinn or ,,aI it, ,,.,,-.
ent cost. and IL. present urio, lut tb,.-. fin.
committee nowhere give him. Va do rni
suppose they wilfully u.i..tnfe. lint Ul,n.,ll
human beings. they are linhl. tn error. and
it would ho more satisfactory he ulletn
verify their calculations AMI be- n--iir.d
that their conclusions mr., CORRECT Th,o.
a"-,.It. too that cd profit has boon made
on sales of cuul during the first hair OF fine
year, but they do not say how much this
profit was. nor whether il was not all made
during Tia" first two months Of tho v,ur.
and has been reduced hy the LOSSES Of the sul,.
-rqucut four months. These omissions, are