The Richmond Virginian. (Richmond, Va.) 1910-1920, 1910-02-23
SAYS his FIGURES
ARE PUT TOO HIGH
Manager Dabhey Issues Statement
I Bearing on Accountants
Calculations,
DIFFER BY THOUSANDS
Claim That Crenshaw's Exhibit
Places Manchester 0biiga
tions Too High.
DIFFER BY THOUSANDS
tions Too High.

tR Hgufes recently compiled by Spe-
ciai Accountant George Crenshaw rel
alive TO Riehmonds obligations in
Manchester In the event OF consoli-
cation are many thousands of dollars
out of the way.
Mr.. Crenshaw's figures are about
SzV,ooo excessive. according to Mr..
Dabney's view OF the matter, and this
excess ne shows by taking separately
each of the ten gubheads in the ac-
countants statement, and pointing
out the corrections wherever they
should be made.
These corrections are as follows:
Regarding Salaries.
-" c'renshaw's egfffnate. total annual
~, OF salaries for five years. making
no deductions of credits caused by
terms expiring, Is $1S,677 From
this amount the following should be
deducted, as these are fees paid by
the State authority: Commonwealth
attorney, excessive, $3.50; city SER
geant. $3.50; city treasurer, S1,520;
commissioner Of revenue, $1,000, the
excess amount. making no deductions
for officers terms expiring, being
thus sS,T60. Instead then Of being
over $4,000. Mr. Crenshaw's figures
should read $l4,S17.
As to Schools.
"Crenshaw's estimate for schools is
1878. The high school, however,
would be abandoned. and such pupils
would attend Richmonds high
school. The present Manchester
school would be used as one of the
primary and grammar schools. dis
penstng with one Of the schools now
used for that purpose, the teachers
filling vacancies constantly occurring
in Richmond schools In view OF this
condition tt IS GonserYatiVe to deduct
s2,99e from the school amount, re-
ducing 1t to S14,T3S.
- A'of Fire Department.
"Crenshaw's estimate for fire de-
partment including station men, call
men. etc. is s7.129.92. No comment
Police Force.
| "Crenshaw's estimate of cost of
police department. S7.43S.75. Ne
/ comment.
Cost of Lights.
"Crenshaw's estimate cost of 100
electric lights is S5,475. Trafford's
! estimate from city plant. which VIII
he completed about same time Man
chester's present lighting contract
1886 per light4- expires, iastisies a de-
duction of S1.s75, reducing Cren-
shaw's estimate to $500,
Department Expenses.
"Crenshaw's estimate for fire. poor,
court, street cleaning, cemetery, eul-
ings. etc, is $4,000. 1t is excessive
as the following Items show. Cren-
shaw puts expenses of poor at s2.500,
but Manchester has only at this time
seven inmates in its poor house. They
could be brought to Richmond, where
they could be cared fer at a saving
of s711,50.
AS to culveris: There is nothing
in ordinance. recurring culyerts in five
years. but VIII allow this item
$4,000 to stand.
"Grenshaw's estimate of $4,000 for
engineers department is absolutely
unnecessary, as all office work could
he done in Office of engineer of Rich
mond.
These two deductions (s711.50
and $4,000 reduce the original S22.-
600 to $16.2sS,5G.
Water Department,
"Crenshaws estimate for the water
department Is $3.50, which includes
$500 for taps, The people ot. Man
chester pay for these. and should
continue To do so as long as the pres
ent water system Is operated. and
nothing in the ordinance requires any
other conditions, This justities a de-
duction of s2.500. which reduces the
total to $5,430.
Street improvements.
"Grenshaw's estimate on 40 per
cent. basis of all revenue tsii6,00o1
is $4,000" Under the terms OF the
lowed q compromise of 80 per cent,
this will be reduced to ss4,S0o.
Interest on Debt,
"Crenshaw's estimated interest on
bonded debt Is s25.s45. Half the
amount of the debt bearing 8, and
IL per cent. interest Is callable at
ence. No allowance is made by Cren-
Z fnx tiar. mn ali "a,
is made by Crenshaw for s44,763.S7.
which is the amount OF Manchester s
sinking fund. This bears interest and
should consequently be deducted from
the interest charge.
Redemption OF Debt.
Redemption ut 12 per cent. on
s5s2.300 equals s7.es4.50. Crenshaw
fails, however. to make any allowance
for the amount OF the sinking fund
In hand bearing interest. which at )
per cent. annually would yield Sf.342
The amount should therefore be re-
iuced S6.642.S0
The amount of annual =expendi-
lures subject to credit of Manches-
ter's revenue Is $4,000. Manohcs-
ter's revenue will average. according
to Crenshaws statement. s1l6,000
Amount under the terms Of the pend
ing ordinance Of consolidation which
Richmond would have to expend for
ave successive years in Manchester in
excess OF Manchesters revenue Is put
at S3e.42s.75,
Mr. Crenshaw in his estimated
statement of the annual cost fails to
include the interest on the cost of
the site and the contradiction of the
bridges, which. eonscrTatively esti-
mated. as shown hy the option on
. Mayo's bridge property: as shown by
Creushaw's estimate or the forty-toot
roadway bridge al Fourteenth street
and as shown by Mr.. Isaac Held's
, estimate for the Ninth street bridge
! all aggregating $4,000. at 4 per
cent. interest would lie $4,000 an
nually
; 1T y conservatively estimated that
revenues from transportation and
transmission companies will yield the
first year $4,000, and by reason of
constantly increasing traftie this
; amount would annually increase, 1t
il therefore reasonable 20 add $4,000
interest change account of ridges
to the s22.42s.Tf. making total OF
S4o.423.75, Richmond would be call
ed upon to expend annually for FIVE
years. II consolidation became cffec-
7 tive on bafty 5f original ordinance.
III the conference would recon-
mend so per cent. OF revenue ex-
: pended on streets, the $2S.923s75
: would be amount Richmond would
have to appropriate In flss years In