Of which 55 per cent. had been done when the work
stopped, in July, 1861. 55-416/1000 per cent. therefore of
the $650,000 had been earned, and this amounts to $360,204 00
The total amounts earned and paid compare as follows:
Amount paid upon the tunnel, $170,131 95
Amount paid upon the road west of the
tunnel, 50,000 00
Amount paid upon the road east of the tunnel, 505,256 92
---------- $725,388 87
Amount earned upon the tunnel, $129,475 00
Amount earned upon the road west of tunnel,
(not fully earned,) 50,000 00
Amount earned upon the road east of tunnel,
(temporary work included,) 410,204 00
---------- 589,679 00
-----------
$135,709 87
Overpayment in reckoning sterling exchange, say 44,000 00
Overpayment when the work stopped, in July, 1861, $179,709 87
-----------
Further payments made upon the same work under the
law of 1862, 140,226 95
-----------
Total amount paid more than earned, $319,936 82
If proper deductions had been made from the amount earned on account of
the unfinished condition of the seven miles west of the tunnel, on which
the first $50,000 was paid, and on account of the worthless masonry and
bridging which have been reckoned in at full cost, the overpayments
would be shown more correctly to exceed in amount the sum of
$350,000.
* * * * *
Transcriber's Notes:
All obvious typographical errors were corrected. Tables containing
decimal fractions were standardized to show decimals for all values in
the column. Spelling was standardized to the most prevalent form.
Punctuation was left as printed.
On page 42 the curve value 3-1/2° was changed to 3° 30' to match the
other similar values. The sum of the shares in the table in Appendix A
on pages 50-51 should total 4,610 shares but was printed as 0,000. This
was assumed to be a typographical error.