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, — sara een G sain Satna ata ese elected, (Cheers) Their “Never give up the ship.” Present in the interest and for the ot and, while rejoi: , DOW lor they were only on the them wor! PRESIDENT announced that from the Sixth Congressional distric' A Mone How Sheer tke State? tusitaiemen dine m the interior Mr. Jans W. CHANLER stated that the indica- tions were, as lar as received, worable to the eee of Greeley and Kernan. te Br lo AY oe this State had been People had in a part yan the Tight of tof and that orship God according to the ‘tates of his conscience. If Kernan was defeated it ‘was because he exercised the right of an American Sreeman. rs, ) ‘A DAMPER THROWN UPON THE MEETING. Mr. JouN *KELLY said that the information re- ceived from Police Headquarters respecting the voting for Mayor was erroneous. He then handed a list to the President, who said, ‘The number of votes for O’Brien is 25,411, for Lawrence 43,210, Tam sorry to say, for the bigoted Havemeyer (Groans.) meet! was on the point of breaking u) ‘aleaciade sation aent esmuaes bat ie Peesk ling it to order, and after a a at towards the close of the proceedings, which termi- nated shortly alter eleven o'clock, AT APOLLO HALL, EE, puerta The Defeat of O'Brien—The Lights Burn Blue and the Boys go Home. At an early hour in the evening the adherents of James O’Brien began to gather together in the vicinity of Twenty-eighth street and Broadway. Every few minutes a carriage would be driven up te the door, and some ward politician, descending, would greet his friends standing on the stoop with ashake of the hands and a guestion, “How gre things?” to wnich the answer came, like an echo, “Things are rough.’’ Up stairs General Fer- reroo sat watching the scene at the head of the vestibule, and dense crowds poured in and out to get the returns. But the returns were few and far between, and those who were intimate with James O’Brien wore saddened looks on their faces. Tom Murphy’s Custom House republicans had not kept their promises, and the hired and disciplined republican votes were cast ina way that astonished Apoilo Hall. The hall was filled at an early hour by an immense nrass, who crowded the galleries and the body of the hall. A Mr. Morrison acted as Chairman, and the bench put on the stage ‘was filled by tellers, reporters and distinguished ‘ta. The solid democracy were present, and at every retarn from an election district which was favorable to James O’Brien the frescoes on the ceiling were almost broken with the cheers from the excited audience. The returns, however, were generally read for the Eighteenth, Nine- teenth, Twentieth and Twenty-first wards. which were all known to be strongholds of O’Brien. There were no speeches, and everything seemcd blue. The working politicians who iad been all day canvassing at their duties were aware at seven o’clock in the evening that Mr. O’Brien was beaten. From the Twentieth ward returns were read from one or two districts which seemed favorable to Lawrence, and some few from the Twenty-first ward, in which Havemeyer secured a large vote. These figures were greeted with wild hisses and groans, Then came a num- ber of veterans from the Nineteenth ward, in which O’Brien had achieved majorities, These veterans were hailed with uproarious. cheering, Then came the despatches from the down-town wards, and even the dullest man saw at a moment that the cause of O’Brien was last for this term. Then came news that Have- meyer was selling in the pools down town two © one against O’Brien, and later that Lawrence Was selling for $100 and the field for $25. After the sealing of the returns, for an hour and a half after this, all the betting men left Apollo Hall, and soon aiter the audience dispersed and walked down ta the Fifth Avenue Hotel, where nearly twenty thou- sand persons were assembled. THE NEWS AT THE CLUBS, From an early hour in the afternoon the head- quarters of the several parties representing the various political associations in the city were thronged with an eager and excited multitude. After the close of the polls the news had been spread all over the city, and had received ready credence, that O’Brien was elected to the Mayor- rity, and in many quarters it was confidently asserted that the liberal republican democratic combination had carried the State, but as the hours wore on the large odds that were confidently offered on O’Brien were no longer to be had, and the supporters of the liberal republican and democratic coalition felt subdued and quiet, and calmly met their unexpected fate. At ten o’elock it became apparent that O’Brien’s chances were hopeless, and much doubt and anxiety prevailed as to whether the race was won by Lawrence or Havemeyer. Tammany Hall democrats asserted that their can- didate had won the day, and the reform party headed by Havemeyer were equally confident of success, and the returns, which poured in rapidly the various districts, showed that their ex- pectations were not without foundation. Crouds gathered at the hotels and at points where the news was received, and it was not until it became apparent thatthe regular reform candidate had been elected that the people retired to their homes. At the Andrew Jackson Club. As early as half-past seven lasteevening the friends of James O’Brien began pouring into the Jackson Clab rooms, They remained some time waiting for news, but none being forthcoming they sallied out again. At half-past eight o’clock there were hardly forty persons in the place, and these seemed to stay there because they did not know where else to » A feeling of general gloom vad the atmosphere, and there was very little drinking or talking, but many ominous shakes of the head and looks of silent sorrow. Once ina while a messenger with the returns from some odd district showing a ma- jority for O’Brien would come in and a faint cheer ‘was raised for the first time, but soon died away for want ‘of sustaining power. Every time the door gong sounded the heads of those sit- ting turned anxiously towards it, ana each hew comer was looked upon as the possible harbin- ger of some good news. None came, however, and each messenger only made matters seem worse. It was painful to look upon the countenance of Lawrence O’Brien, the father of the Senator. The ola man paced the floor up and down almost continuously, and if the dead body of his son lay in the back room he could not have presented a more woebegone appearance. He nodded to his acquaintances as he passed them; but he looked as if he had little desire for conver- sation. The blow seemed to have gone right to his heart, and there is no doubt he felt it even more than the defeated candidate. In the billiard room a party of eight or ten collected together and tried to enliven the proceedings with a comic song. Even this attempt at mirthfulness was of no avail and fell perfectly dead on the surrounding 10 At half-past ten, and from that to half-past eleven, a iew of the sporting fraternity dropped in. ‘They had been buying O’Brien pools all the week Jong and had staked their last dollar on the event. What they were going to do for the Win- ter began to be #® matter of doubt and uncertainty, and they commenced to drown their grief in copious libations of whis- key, for wine was too expensive in the depleted state of the finances. These men left and there were none then in the room but a few old philoso- hers, Who were hanging out to the last and fignt- still against hope. At the Blossom Cluh. The members of the Blossom Club assembled in force at their rooms, on Fifth avenue, to gather the election news. The members of the club had donned the badges of mourning for the loss of a re- be mig brother member, who had fallen a victim to vengeance of an assassin but @ few short e, and apparently little interest was felt for the news art Tycib of the hour. The clamor of interested rivals was unheard, and the assembled ‘appeared chastened and Seer ie memory the gi deed which was their minds, an was born aad foatered of political th Bit) At the Union League Clab. -A large number of highly respectable citizens as- eembied at the Union League Ciub at an early hour in the evening to learn the latest news from the war, The large hall of the club have peace,” Rey At Bir wets w apace, The gathering did not until after miduight an the news of the blican triumphs seemed to infuse mirth, vigor into the staid and serious gen- tlemen Of the el . SCENES AT THE HOTELS. it at All the Leading Establishments—The Rotunda at the Astor House—Merriment and Joy at the Fifth Av: Hotel. It ie diMicult to Yepict the intense excitement which reigned at the principal botels from the time when the polls were closed to an early hour this morning. A feverish anxiety to know the latest news pervaded all present, and the arrival of a messenger with a despatch containing election news was the signal for immediately surrounding its recipient to learn its contents. In a word, every man seemed on the tiptoe of anxiety and expectation. AT THE ASTOR HOUSE the scene was a novel one. The rotunda, usually of so staid a character, was filled to overflowing with speculators and others who came to invest in pools on the result of the Presidential and other elections. The seller from his rostrum read numerous despatches between the sales of the pools, which had come over the wires, and their contents were received with alternate cheers and hisses. It was computed that over one thousand people were in the rotunda at ten o'clock, The newsboys and girls elbowed their way into the surging crowd and disposed of their “extras” at quadruple prices, doubtless wishing that Presi- dential elections might be everyday affairs. The hotel clerks at the leading establishments were driven fairly to their wits’ end in answering the thousand and one questions put to them as to the result of theelections. “Do you know how Cali- fornia has gone ?” “Isit true that bab a obi Greeley a large majority *” “How O’Brien stand?” These are a sample of the avalanche of inquiries poured on their unfortunate heads. Hotel clerks assume in all cases the virtne of polite- ness if they possess it not, but by their constrained answers it was seen that they were bored to death by the perpetual stream of inquiries, THE FIFTH AVENUE HOTEL being the republican headquarters, was densely packed and it was dificult to force one’s way hrough the compact crowd. As each Grant ma- jority was made known radiant faces were seen, and’ a calm, satisfied expression was worn by countless people, which seemed to say that the tanner of Galena was safe and had things well in hand despite Greeley’s gains. As the hours wore on the number of visitors became smaller, and those who remained were evident intensely in- ‘erested. The leaders of the republican party nat- urally were there, smiling and unctuous, reposing, as it were, from their weary and incessant laborson the stump of the past few months. 4 fervent “Thank Goa!” was breathed by many an old gentleman of the Knickerbocker school when it was reported that O’Brien was defeated for. the Mayoralty, and heavy bets were made that Havemeyer would be elected to that position. The popping of cham- Ppagne corks was heard and again, and all ‘was rejoicing and merriment, THE ST. NICHOLAS HOTEL. The corridors of this hotel presented during the evening an animated spectacle, the crowd of vis- itors being simply immense. Cheers and counter cheers re-echoed through the hotel till past mid- night, when the enthusiasm abated somewhat, when it was known who had been elected to the principal municipal ffices, and that Grant's re-election was a fotegone conclusion. Although the Western element is_ strongly represented always at the St. Nicholas Hotel, and pious. a considerable portion of the Western States have been written down as in favor of Gree- ley, the enthusiasm on behalf of Grant’s over- whelming successes Was a8 spontaneous as it was heartfelt. When Grant’s success in the Keystone State was made public the old belief that Pennsyl- vania decides the election evidently still held good in Io dhoisnam state of matters with the majority of m THE GRAND CENTRAL, Here the Greeley element predominated some- what, and a certain amount of despondency was evident at the turn matters had taken. The crowd of visitors was infinitely smailer than that at the St. Nicholas. General satisfaction was, however, expressed at Tammany’s discomflture, and not a few blamed Greeley for having allowed himself to receive its support. THE OTHER HOTELS ON BROADWAY. In all the leading hotels in Broadway the influx of visitors was very great, and all stimulated by the same motive—viz., to learn the latest news, The excitement at them all might fairly be compared to Wall street when bulls ‘and bears are causing a panic, and it was not till the small hours of the mor! had been reached that the marble halis were deserted and mankind sought repose after the excitement attendant upon the Presidential eS be day of fifth of November, Anno Domini ELECTION RETURNS ON THE STAGE. The enterprising managers of the Bowery Thea- tre hit on a capital idea when they resolved on mixing the drama and politics. It is not every one who would think of treating such a matter as the election of a President as a kind of entr’acte to the ancient comedy, “A New Way to Pay Old Debts.” However, there may have been something particularly appropriate in the connection, and it certainly required the possession of no ordinary genius to enable a manager to invent such an ex- cellent device for filling his house on a night when political excitement would in all probability have drawn away his clientele, In spite of the foresight displayed on this occasion the patrons of the in- tense drama were not to be won from the DELIGHTS OF THE TAR BARRELS ° and the bonfires which blazed in every direction. Perhaps they failed to comprehend the luxuries prepared for them. Neil Warner, as Sir Giles Over- reach, strutted his brief span on the classic stage and brought all the resources of his tremendous wit to bear on the susceptibilities of his audience. They, howeyer, were laboring under conflicting emotions, and failed to recognize in anything like a hearty manner the fine points of the actor. ‘The truth was they were but little in- terested in what was ing on vefore them, but nervously waiting to learn the fate of the rival candidates, This was visible rather in the universal quiet oi the audience than in any demon- strativeness. The boys in the gallery who usually insist on having the full value of their fifteen cents of unrestrained fun were especially subdued. One was almost impressed looking up at the gods, see- ing them hid away in the immense distance, with SHADOWY FACES, suggestive of remedial soap measures, pecting dowa in grim discontentedness. But whatever they may have thought, if the gods ever trowbie themselves with thinking, they said nothing, but looked over the distant rim like a flock of grim Vera Cruz scavenger birds perched on the ledge of a honse curiously regarding the passengers. In their silence the gods were awful, but now and then Neil Warner, in one of his savage moods, would elicit from their highnessts ‘expressions of human sym- pathy that were quite reassuring.’ Some of the assistants, however, were made of less stern stuff, A middie-aged, respectable-look- ing citizen of the industrious classes had taken his seat beside the HERALD reporter, and ashe haa a good deal of bonhommie in his face, and a kindli- ness in the expression of the eye that invited com- munication, the HERALD reporter, being of an inquirin, disposition, soon struck up an acquaintance. The citizen proved to be @ great admirer of Neil Warner, and looked upon that gentleman as the most intelligent interpreter of the drama that America had seen for ever so many years. As the man was good natured, and therefore obstinate, the HERALD re- porter did not attempt to shake’ his convictions, thinking it a pity to disturb anybody's belief in an age so cynically incredulous. It was quiet dehght- ful to find a person who believed in something, but as the acquaintance progressed it became evident that the genial face upon which the reporter gazed was MORALLY HONEYCOMBED with the vice of the period. The man was a citi- zen, native born, a8 he somewhat proudiy asserted, and though still in the maturity of his powers had seen somewhat of the world. His experience, however, led to rather melancholy conclusions, out in the waste of his confidences there were two green whose verdure had never faded. He adm! Warner and believed in Greeley, thought the white-coated Philosopher was an honest man, but did hastened to he mistake him for some one else, he thought it more pradent to retire from the cares of state and leave voting to those who liked it. He was anxions, however, to make an experiment with Greeley. & desperate gambi he held on ith in humanity, pher’s coat, he woul en. cloth just to try to and remain ap honest man, “I fhoula NEW YOKK HERALD, WEDNESDAY, to be elected.” | gave vent to their re the au con! themselves wil clapping hands and _ the enuncia- tior vO. announce- Havemeyer's figures were, listened to quietly, but 4s soon ‘as Lawrence's name was mentioned there was lause and hissing. The announcement that rien was last the race seemed to r his friends, and their cheer was decidedly weak, while the hissing became vicious. The demonstration, however, was quietly brought to an end, ana the audience settied down into an expectant mood to’await further develop- ments, en the curtain fell at the close of the fourth act the thin man once more pus in an a] pearance and delivered the state of the poll in eignty-six districts, and the audience expressed their pleasure Dy ahioge round of applause and then settled down philosophically to be aniused until the next bulletin was prepared. This luxurious mode of hearing the result.of the elections will probably supercede the more primitive one of stancing in a crowd in front of the newspaper offices. Doubtless in time. Jones, Brown and inson Will have their election jndicators on their mantel pieces so that they mer enjoy the political comedy without even the trouble of going to the theatre. AHONG THE GERMANS, pS eee ee The Tentomical Tour Through the Tentonic Clubs Last Night—How the Election Returns Were Received— Their Duty Douc, They Patiently Await Results. In order to ascertain the feeling of our German citizens a HERALD commissioner was despatched to visit their various assembling places, Teutonia Hall, in Third avenue, a usual political headquar- ters, was only partially Gilled, and, while politics were but lightly discussed, the phiegmatiem of the assemblage and their total indifference to the result were apparent. The lager was quatfed with evident satisfaction, for it made but little difference to them who was chosen President, Governor, or Mayor, as long as neither candidate ‘was an avowed prohibitionist. At Schmenger’s Hall, 200 Third avenue, there was @ little more enthusiasm. This place has been the headquarters of the German Reform Association of this city. The large hall was wel! filled and the events of the day earnestly canvassed. Hopes were indulged by the majority that Havemeyer had carried the day for Mayor and Kessler for Coroner. The only election returns received here were from stragglers casually dropping in. Beethoven Hall, in th street, was deserted. The front of the house was brilliantly illuminated by & monster bonfire, which the gamins were feed- ing with stolen ash barrels, theatrical bill boards, dry goods boxes, &c.; otherwise there was no one around who cared a ‘ig for the election or election returns. The Arion Club had only its quota of gentle- Manly members present, who usually congregate at their fine hall to dine or pass away the evening in @ social manner. Politics had no place either in their thoughts or on the bill of fare. ‘The very same may be said of the popular “Liederkranz.”’ the “Maennercnor,” “Harmonie,” “Progress,” ‘The liveliest place come across by the HERALD commissioner among the Teutonic establishments visited was “Concordia Hall,” in avenue A, Ata very early hour in the evening the establishment began to fill With an eager mass of Germans, who, however, were more anxious to learn of the returns from the Assembly district and the Common Coun- cil than the Presidency, Governorship or judiciary. Returns were regularly brought there by messen- gers from the Seventeenth precinct station, and accordingly applauded or derided as the names of candidates were called. Havemeyer seemed to be the leading favorite, and whenever a ma‘ority in an election district for this nominee Was announced the cheering became deafeving and the landlord’s profit from refilling glasses corre- spondingly large. Lawrence was the next favorite, but O’Brien seemed to be regarded with little favor. Unlike Tammany Hall of old, when on the night of election the redoubtable Captain Rynders, of the Empire Club, used to harangue the audiences on the results, the Teutons quietly listen to returns, but do not care to have any stump speeches made to them. They see no occasion for it after the polls have closed, feeling contented in their own minds that during the day whatever German has taken advantage of his sovereign right of suffrage | has done so with a full knowledge on whom to be- | stow his patronage, and at nigh) he has neither fears of nor regrets the result, . UNITED STATES MARSHALS AT WORK. The United States Marshals were busily employed during the day in making arrests; but at the close of the polls but four persons remained inaiurance vile as the reward of their vigilance. The Marshals had three offices in the city—one at 41 Chambers street, another at the corner of Forty-ninth street and Third avenue and the third at 12 University place. From their conduct during the day it was evident that they acted solely with the purpose of intimidating voters, as men were dragged from the | polls to the Offices upon the slightest pretext, to be instantly released. As the hour for closing the is drew near the exertions of the Marshals were reased, and numbers of persons who were in the act of casting their ballots were prevented from doing so, and lost them, being delayed after the closing of the polls. The principal charges on which arrests were made were illegal registration and lack of voting papers, but in all mstances save four the charges were found to be trumped ap. The men who were held are Timothy McGrath. who ‘was arrested in the Fourteenth Assembly district on @ warrant issued by Commissioner Davenport, | charged with false registration. He was held in $1,000 bail. John Meaghan, of the Ninth Assembly district was arrested on a like charge, and, in default of bail, was sent to prison. Patrick McCall was arrested in a downtown ward for illegal voting, and held. The only other arrest made was that of Patrick Kearney, a deputy marshal, who was arrested jor drunkenness, AT THE POLICE COURTS. The Day at the Tombs. For an election day the Tombs was remarkably dull yesterday, some forty cases altogether being brought up, and thirty-seven of them were for in- toxication and disorderly conduct. Judge Quinn sat on the bench in place of Judge Hogan. Aman named James Hoyar was arrested at the poliing booth corner of Hubert i Greenwich streets for upsetting an O’Brien box.” After a suort examination it was discovered that it was more by accident than design, and he was discharged. Henry Shannon was arrested for illegal voting in the Fourth ward. No complainant appearing he was discharged. * Patrick Halpin was arraigned charged with assault and battery on Daniei McIntire, a United ‘States Marshal. McIntire refused to press the com- plaint and Halpin was discharged. John Smith was charged with snatching a watch from the vest pocket of William Wailace, of 255 Elizabeth street. He was held to answer. A tew more cases of assanit and battery, while intoxicated, were brought up during the afternoon, but on promise of future amendment the prisoners were al] dismissed, The Day at Essex Market. At this Court yesterday there was not a single case of election disturbance brought before the magistrate, and a duller day for general business has not occurred in a long time. Justice Scott stated that in his remembrance he did not know of #0 quiet an election day as yesterday was. Not even a verbal quarrel came before the Court for its judicial sentence or for the exercise of the usual | clemency exercised toward electioneering enthu- slasDl. FRENCH POOLS. 9 The following is the return of the Paris Mutual pools as they closed prior to the election :— AT THOMAS’ SALOON, 1,2 Tickets sold on O’Brien.... Tickets sold on Havemeye: Tickets sold on Lawrence Total..... Tickets sold on Dix. Tickets sold on Keri Total Tickets sold on O’Brien. Tickets sold on Havemey Tickets sold on Lawrence Total. on Dix. Tickets sol Tickets sold on Kernan. Tickets sold on Grant. Tickets sold on Gree! Total NOVEMBER 6, 1872—-TRIPLE SHEET. RUNNING THE RAILROADS. Comparative Cost of the Past and Pres- ent of Railroad Expenditure. REPORT OF THE STATE ENGINEER. An Amount of Passenger and Freight Traffic That Ap- pears Almost Fabulous. Tabular Statement of Transporta- "tion Expenses. po ailastest cata ord Particulars of the Increased Cost of Operating Railroads in 1872. What the President of Erie Knows About It. Siciveteebaidiancieotkine, The United States Import Sixty-One Per Cent of all Manufactured Rails, pe he teal iat tg What Mr. Watson Knows About Albany Bribery. wae Experiences of the Treasurer of the Dela- ware, Lackawanna and Western Railroad Oompany. The United States of America operate more miles of railroads than any country in the world, and yet it will be demonstrated by the perusal of this article that the companies are running their roads at almost cost, notwithstanding the fabulous amount of traMc they accommodate both in pas- senger and freight carriage. The fiscal year of railroad corporations subject to the laws of the State of New York ends on the last day of September, up to which period a detailed re- port of the roads has to be transmitted to the State Engineer, who, in turn, is obliged to transmit a condensed statement to the Legislature at its next session. This report must be verified by the oatha of the treasurer or president and acting superin- tendent of operations and filed by the 1st of Decem- ber, This report must state the following partien- lars:— ‘The amount of capital as by charter, The amount of stock subscribed. pt by ‘The total amount now of tun ‘The floating debt as by last report. ‘The amount now of floatir i amount now of funded and floating debt, ‘The average rate per annum of interest on funded debt. COST OP ROAD AND KQUIPMENT. For gradnation and masonry by last report. ‘The total amount now expended for the saine, The amount tor bridges by last report. ‘The total amount now expended for the same. The amount for superstructure, Including iron, by last report. Total amount now expended for the same. For passenger and freight stations, building and fx- tures, by last report. ‘Total amount now expended for the same. For engine and car houses, machine shops and ma- y and fixture last report. locomotive For passenger ing and agencies, ‘Total equipment of the road, THE CHARACTER:STICS OF THE ROAD must be described as to the ‘length of road, road laid, double track, including sidings, branches owned by company laid, weight of rail by yard or main track, the number of engine houses and shops, of engines and cars and their character, THE DOINGS OF THE YEAR IN TRANSPORTATION and total miles run by passenger and freight cars, rates of fare for passengers per mile, number of tons (of 2,000 Ibs.) of freight carried, rates of speed by all trains, &c., dc.” Then there must be enu- merated THE EXPENSE OF MAINTAINING THE ROAD by stating for depreciation of way, length in feet of iron and in renewals, with weight and cost, repairs of buildings, fences and gafes, taxes on real estate, expense of machinery or personal property of the corporation, repairs of engines and tenders, depreciation of same, repairs of passenger, baggage and freight cars and their deprecia- tion ip value, repairs of tools and machinery in shops. Incidental expenses, including fuel, oll, clerks, watchmen about shops, total expense of repairs of machinery, agents, clerks, labor, hand- ling freight, loading and unloading, porters, watch and switchmen, wood and water station attend- ance, conductors, baggage and brakemen, engine men and firemen, fuel, oi! and waste for baggage and passenger cars, }oss and damage of goods and baggage, damages for injuries of persons, damages to property, including fire, general superintend- ence. contingencies and total expenses of operating Toads. All these items must be set forth succinctly and in detai!. At the same time the receipts and earn- ingg must be described, equally as plain, and with fali particulars. Oar object in going so minutely into every little detail concerning the expenditures on rail- roads is to show the thousand and one chan- nels of expense that have to be bridged over by railway corporations in the course of their daliy operations. The above extensive items fully show what it requires to run a railroad. It is not only abed with rails on, and locomotives, passenger and freight cars. which constitute a railroad. After the road is built and fully equipped, then the run- ning expenses begin to count, which may be said to constitute the major portion of the company’s outlays. Of all the railroads in this country, one of the most extensively operated is the Erie railway, and an exhibit of that road is a fair criterion to judge others by. ‘Through the kindness of Mr. J. B. Hodgskins, the Treasurer of the Erie Company, we have been en- abied to obtain an abstract of the transportation expenses for six years past, which at a glance will show the ditference in the running expenses of each year :— Md Axtures and snow ploughs. bagyage cars, freight ears, engineer 1886. 1868, Repairs of rowlbed and railway, excepting cos' of ITO... ..6 gseese Cost of bi $1,547,635) $1,557,019) $1,573,363 909.762) 1,179,595 262,378 255,445 1,316,671 260,654 fences and gates st Taxes on real estate Totals edase Repairs of engines tenders......-.. 1,181,270] 1,030,880] 1,189,015 Repairwot passenge 306,909) 02] “$78.18 Repairs of freight cai 798,623) 1,005,208) 1,067,809 Repairs of tools and m chunery in shops... 138,731] 113,97] 110,579 Ineidental hi tte? im eluding oll, fuel, clerks, watehinen, 4c., about} Thophsnsssecececeeees| ' 70,788) 96,068) 97,461 TI se IE nd Oe Totals..... tee $2,565,288) $2,606,412) $2,843,000 Office expenses, station OFF RCo eee secseeseee] © 187/736) 187,371 Agents and clerks. . 584,436} 716,07 bor, loading and un- loading frei 472.981 169,476 18,881 088,353 7193230 1,778.8 127,254 25,404 10,63, 170,388 198,135 Expenses ot operating; and repairs per cent. Earnings per mile rw Expenses . Net profit. Repairs ot roadbea and Tailway, excepting cost oth irons ee $1,984,560) $1,972,947 0 1,859,122) 1,141,480) 322,983) 247,140) $1,766,034 1,056,270 aes en... 4auus} 44,302] 49,070 Taxes on real entaie 85405] 288752] 8.590 Totals... $4,827) $5,680,008) 95,452,008 Repatrs of tenders. 1,873,867] 1,812,798] 945,207 Repairs of "s0r,076] —“SM0\215| 287.928, Repaics of treight cars..| 1,144,675] 778105] 944,18 Repairs of tools and ma: chinery In shops .... 138,378] 110,163] 113,664 Incidental expenses, in-| Cludingoil thet, elgrks, watchmen, Cy yan AhOpRe sce e-| 129,680] 00408) 68,606 ‘Totals .| 98,189,696)” $2, 600,601 | $2,364,044 Office exp : y, &e { 2s1,ugo| — 24s,e82| 244,188 Agents and clerks. . 872,952] 1,056,701) 1,173,627 Labor, toudin loading freight. 693,223] 881,675] * 670,718 Porters, watchme! switchmen. 198,813} 207,372) 247,046 ona) 30,044] 90,261 854, 956,040) | 1,034,674 ins rgd Ld 1,408,412] 992,896] 1,076,968 106,197] 146,757] 154,440 25006) 27,081] 48,201 gor and baggage cars..| 7,990] 6,262] 16,701 eases a ‘and baggage. "} 141,503! 164,180] 202,804 Damage for fi persons... “| e7.se7} sav] 71,006 Damage 6 property, in cluding damages’ b fire and ‘cattle killed! on road... ‘ 10,194 9,263 26,79 General sujerin | uelas4| 167/380] 127100 Contingencies. 140,029} e779] 190262 Totals. .| $0,828,308] "$5,781, 626] 90,411,502 Maintaining the road 4.248.073] 8,690,698] 3,433,048 ad, , Repairvof machinery ...| S1s7/094) | 260L,601| | 2354644 Operating the road. Biaae.s00] | By7atez6| | Gat sz Totals, $13,250,266] 912,078, 10] $12,190,006 Expenses of’ opera ‘and repairs per cen 0 Earnings per miler ™ 32 od. Expenses) 1 68 Net profit... 33 It will be seen by the above that im 1866, when the number of locomotives and the amount of roll- ing stock Was not more than sixty per cent of what it was in 1871, the expense of ‘fuel, cost and labor of preparing for use’’ cost $600,109 68 more than it did the latter year, which was altogether owing to the high price of coal, &c. Again, the item of oil and waste for engines and tenders alone in 1866 was $37,240 54 more than during 1871—cause, en- hanced price of material. But that it costa more to operate railroads in 1872 than during the past six years is an incontroverti- ble fact, yet to-day coal is cheaper by $1 75 per ton than it was in 1868, and enters into the expense account of arailroad company to a frightful extent. On the other hand, iron of every grade has risen beyond all reason. Iron rails, which last year cost $57 per ton in gold, now bring $75. Spikes at resent sell for 53g cents per pound, which, in 1871, brought 444 cents. “Fish plates” have gone up from 334 cents to 5 cents per pound. Steel rails, which one year ago sold for $92 50 a $95 per ton, pola, now bring $117 50 a $120, gold. The duty on rou rail is 70 cents per 100 pounds, and on steel rail 144 cents per pound, less ten per cent. ‘The ad- vance in rails of all sorts 1s due to the enhanced rates in coal and labor in Europe, yet, withal, our importations in that line are daily on the increase. he price of locomotives has also gone up about twenty-five per cent. An engine, costing in 1871 $11,500, cannot be built at present for leas than $14,000 a $14,500, American rails have kept pace with the trans- atlantic advance, rising from $68 to $92 ton at the mills, and, a8 a matter of course, if trans- ported to the Far West the price increases, In the matter of timber for beams and crossties there has been no perceptible advance. The ruling rates tor such remain almost intact. While material tor construction has advanced so greatly, the various companies are using the ut- most economy. Old rails are used in pace of new, and patching resorted to, where in ordinary times new rails would be laid down. ‘Thus, by the economy, the corporations are enabled to tone down their expenses to the lowest rate. The average prices of coal, as placed on the mar- ket by the monthly sales, and which greatly influ- ence the ruling rates, for the past five years were as follows:—1868, $4 25 per ton; 1869, $5 26 per ton (which high price was caused by a three-months’ strike during the Spring of that year); 1870, $425 per ton; 1871, $430 per ton, and up to September 30 the average price ruled at $3 50 per ton, These prices are termed “tide water rates,” and are hardly rulable in conne tion with those paia by railroad companies, Jt is an impossibility to mine coal and bri the same to Elizabethport and Perth Amboy for $360. Some one certainly loses by the operation. But the rai)- road corporations as @ general rule own the mines which supply their fuel, hence this article seldom, if ever, varies in price tothem. All the railroad authorities are unanimous in blaming the nse inlabor as the chief source of increased ex- enditures, while the receipts for fare and freight Rave remained intact, and are likely to stay so for some time to come. We have been favored with an official statement of the report of steel and iron rails and pig iron from England, to all countries, for a period of eight months each during three years; also the ex- ports for one month, from which can be seen that the United States imports about sixty-one per cent of all rails manufactured, ‘The following is the report alluded to:— Right Monthy End 12,197 4 ing Auguet 31, Countries, | ————— .- —__]| —_—~-—____ __---__ 1870. | 1871. | 1872. || 1870, | 1871. ) 1872, ma.| Tons.) Tons.|| Tons. | Tona. | Tone, ‘Trited States... 41,076 47,03 40,008] {279,616 885, 100|540,801 23301 10;976) 13,478] | 25,001 | 48,114) 50,030 s%4| 200] 83] 3,166] 1,478) 1,089 135] 2,185] s04\) 2.788| 14,426) 19.454 364] “"680) _ 615|| 10/408] 7°908| | 2:590 2,585) 1,682| 4,296)) 11,563) 16,349] 23.152 | 11 ,095)21,468) r 2} 1,240) 724] 31630) 4,996] 2,179) 6,607] sn bil" 66) 6a] 1,032] 2,019} 239 zg} 1.538) 1589 {)"7az]"680) 1,99) 2] 508 “] 8,980] 6,767] 3,605] «| 88,682] 98, 969] 94,982] 176,289 | 602,841 1627, 0 to all Meonintrien.. | gazalrg.zer| 6.7801] 70,980) 91.705] 75,744 14,725, 10,508) | 75,061 119.008) 152,287 Pig iron to U. The Erie Railroad. With a desire to obtain information in reference to the above facts, Mr. Watson, the President of the road, was also called upon. In a general conver- sation about the recent and present management the following is extracted as bearing upon the question under consideration :-— ReporTER—Mr. Watson, I want to obtain infor- mation upon the iron and coal questions as con- nected with Erie, and how they affect the pros- perity of the road ¢ PRESIDENT—These two questions of yours involve the most important interests of the road, As far as coal is concerned, we have had A GREAT DEAL TO CONTEND AGAINST during the past season. Coal has been so exces- sively low at the mines that instead of being a profit to us it is questionable whether we have cleared ourselves. During the reign of Fisk and Gould many fraudulent contracts were entered into by which coal was supplied to the Erle road at prices far above its actual worth, and now when coal has gone down in price these contracts remain in force and we find ourselves unable to compete with ‘ether dealers. Of course this surplus in the price went into the pockets of the late managers, and I find that discovering these fraudulent contracts is by no means an easy thing. It is a matter of time, and we have to go to work gradually and slowly and one by one secure the annulling of them. I have already succeeded in doing this toa great extent, but have not completed the matter. Of course during all this time we are suffering great losses, or rather the loss of its which we ought to make. , It is only one of the many jobs we find foisted up@n us by the previons management and which to @ certain extent we are bound to carry out because we are HELPLESS TO PREVENT IT, Matter of tron we have another state of Here 1s an industry which is one importance to us. The price of creased during the past year, as railroad iron is no. Rpt aeere how mn the scart coal from aE Hi i Be 38 . 5 Geive into the matter as I do, of the incubus under’ | which we labor at present in the Erie Ratlway Com- pany. We have all manuer of burdens to shoulder which legitimately are not ours, but trom we can only gradually rid ourselves. It is ap Augean stable which it will take time to purify. ¢ plan of Fisk and Gould was to delay the pay- ments as long as bce heey Our paymasters ought to start out on the 12th of the month and go alo the line, paying of the men. They stop at oack place on a certain day, thus making it a month be- tween each payment, The old plan was to send the paymasters out at the end of the month, thus keeping the money from the workmen halfa month. This evil Was repeated so often that the workmen were paid in some cases three months after they shoald have been paid. Of course, the men couldn't Stand this, so that they would se!l their claims by giving orders upon the paymaster. The people who took up these orders would generally charge & discount of twenty-five per cent. The workmen, who thus were only three-quarters of their Wages, would strike for higher pay, so as to make up their legitimate pay. Thus Erie was paying twenty-five per cent more to its workmen than any Other railroad. This plan Opened the door also to AN IMMENSE DEAL OF SWINDLING. Fisk and Gould, by keeping the money back, used. to operate upon it.’ The men who discounted the orders of the workingmen made an enormous and illegitimate profit, and it introduced into the man- agement a plan which would have been death to the oration in the end. This was one of the rst evils which I attempted to reform, and | have already succeeded in bringing the wages of the workingmen down to the proper date. In this manner 1 am enabled to get men to work for the Erie road at the same pay that they worked for other roads which paid promptly. It is a reform which will be worth millions of dollars to Erie every year. Our paymasters now start out on the 12th of every month and pay the hands regularly each month, and in future their pay will never be allowed to fall behind as it did. The reform gives gent satisfaction everywhere and cuts off a sys- m of usury which was of the greatest detriment to the road. Men work better when they are sure of their regularly on the day it is due, It pre- vents strikes and THE WORKINGMAN CONTENT. I consider that nothing could have been more in- iquitous than this system of cheating the laborer of wa peonee hire. They are the least able to standit, and it only goes to show to what devices the for- wer managers would proceed to cheat and de- ‘aud. Reportek—In what other ways have you intro- duced reform? Mr. WaTsonN—Two great curses have been suck- ing the very vitals of Erie suring te past few years—litigation and legislative expefises. I have no need to explain to you the enormous legal ex- penses which have been put upon the road, and all vo cover up the greatest frauds. The fees alone of lawyers ran up to hundreds of thousands of dollars every year. Judges were bought and sold and the courts of law were turned into markets where de- cisions were obtained at the price of gold. ak for one thing, has been stopped. The Erie doesn’t have to pay for “Black Friday” suits any more, nor for lawsuits which never should have had an existence. But as great ‘A CURSE as this, and perhaps a greater, was the item of legislative expenses. On the one hand Fisk and Gould and on the other Vanderbilt were fignting tor a supremacy which was only to be bought at an enormous sum. Thus it wenton year after year, the stockholders vainly endeavoring to ge. their rights, tae revenues of the bropersy’ they owped being used to prevent them. Never was there a more iniquitous proceeding in tne financial nistory of the country than this. And Heaven alone knows when it would have been broken up but for the death of the prime mover in all this business. ‘The road was being gradually impoverished by these everlasting and enormous expenses. Not even so rich @ corporation as the «rie could stand it, and God knows where it would have ended. This out- lay will occur no more. I believe itis possible to run a railroad without bribery. At all events, the Erie willbe run without !t, When men walk in devious paths it is of course necessary to cover up their tracks in some way, and legislative corrup- tion seems to have been the most successful and the most popular thus far. | remember an instance of amember of the Legislature from the interior. of the State telling me that in one case HE OFFERED HIS VO'E TO BRIE for $2,000, It was not needed at the thae and the offer was refused. He told me that the next time they did want him he wouldn’t sell his vote less than $50,000, and he got it, too, a few days after- wards. KerORTER—Have you found any other means of DEVELOPING THE RESOURCES OF THE ROAD and PrneNS, in money besides those you have mentioned? MR. WaTsON—The abuses have been so many that they can hardly be enumerated. Fisk and Gould had some interest in every department connected witn the road. I found a great many abuses in the passenger department. Lots of people were get- ting commissions for all sorts of things. There were all sorts of agencies which were paid com- missions. I have aiready curtailed some of these and hope tocurtail more. There was never any need of this sortofthing. The money which reached the road finally was sometimes nearly halved from what it originally was. Again, the freight depart- ment was badly organized, and gave opportunities for ali sorte of swindling. This, to a great extent, Ihave reorganized. At present, however, I am applying myself particularly to perfecting the connections, which very important branch of the railroad service has been badly neglected. But above all 1 i THE LOCAL TRAFFIC has been allowed to droop. There is a splendid field not at all developed in this particular, and which will be worth a great deal to the road. REPORTER—And now as to the earnings of the rans how will this ‘eng compare with last? . WaTson—That is a rather dificult question to answer. Since I have been in position 1 in some clear insight have been attempting 10 into the accounts, a work of enormous dimiculty. The plan of publishing weekly reports of the earnings, &c., had become a farce. ere 19 no reason to believe that these reports were based on fact, They said what they liked; there was no one to gainsay them, so that when you ask me for comparative statistics | must put you off until I have come to a thorough mastery of the subject. I can say confidently, however, that our earnings for the months of April, May and June have been $598,952 INCREASE UPON THE EARNINGS of last year. Fuller details it is impossible to give at present. EPORTER—Can you tell me how the profits compare with those of last year ? Mr. Watson—From January 1, 1872, up to this time they are slightly over eighty thousand dollars more than they were for the same period of 1871. ‘This increase is due to the reforms which have been inaugurated, and in spite of the two great drawbacks of the increased price of fron and the present impossibility of fair ge ‘upon our coal, two items which, had they been as favorable as they were last year at the same time, would have made our profits greater by many hundreds of thousands of dollars. But these are, of course, things which we cannot overcome, THE GREAT COAL ROUTE. In order to obtain a view of the situation from another Copy! og a HERALD reporter called at the offices of the Delaware, Lackawanna and West- ern Railroad Company, and was fortunate enougl to meet the Mag § Sone treasurer of the company, Mr. A. J. Odell. The gentieman was “up to his eyes” in business, and was signing checks at @ rate that fairly entitles him to rank with Mayor Hall in his ability to rattle of volleys of mechani- cal signatures and talk to two or three visitors at the same time, giving due attention to each sub- ject. \ Upon being informed of the object of the report- er’s visit Mr. Odell said he was not aware of any causes which had contributed very materially dur- ing the past four or five months to increase the cost of Operating railroads, The Delaware, Lacka- wanna and Western line had not experienced any advance in expenditure beyond probably what they had incurred in the way of actual investment in property or equipment for the benefit of the road. They had been laying down con- siderable quantities of steel rails; but this could not be looked upon as augmenting the running expenses. r example, suppose @ thousand tons of steel rails arrive and are laid down next month on the road, their cost is of course charged to the disbursement account of the line ahd may make the month's expenditures ex- ceed the total receipts for the month by severs hundred thousand dollars. Still this must not be looked upon a8 increasing the operating expenses of the road, for in the next month there may be no imprgvements made and the earnings would then lary exceea the disbursements for that period. With reference to the outlay of rati- roads for coal he would not say much for the reason that the Delaware, Lackawanna and Western Company mined all their owa coal, and in this respect they were not so liabie co eel the effects of an advance as some other of the rail- corporations might have done. He thougit, however, that if any increase in expenses had been ee ge by other lines it could not be at- tributed to the cost of coal, for there had been no advance of any significance within the past few months. In iron the advance had really been quite severe, and he attributed it toa sudden demand, which had made it diMcuit just at present to get the dupply into market to meet the cali. There wae no actual scarcity of {ron—it was mere in- ability to handle the amount required within a given time, AS @ consequence rates of freight or transportation on iron had gone up very considerably, To illustrate. The well-known Buffalo firm of Pratt & Co. had found themselves last Fall in Loerie of a large number of freight vessels on the I and they entered into a num- ber of heavy contracts to sbip tron frem Lake Superior mines to Buffalo at fifty cents per ton. In ue! are pees, crear t vance q it still fulfil Yet ions éme im by sugmenting 10 €o1 measure on the various railroads the cost re; but it was not at all probable that it could eae eeee ae ingoence on bay genera mon: expenses of running a road he thought “hat at the end of the year, when the come to make up their the general iota e I and expenses woul contrast favorably with the reports of er siinilar periods