as the official report of the Erie finances as calculated
by the new Board. It was telegraphed from Cork to the Tinzes (Friday, page 3), and is a tissue of nonsense, the capital of Erie, to 'begin with, being represented at about a fifth of our National Debt. We fancy- from another report, also partly inaccurate, that the clerks got mazed with the cents, and flashed them through as dollars, but that theory does not explain the state- ment that the "preferred stock" exceeds eight thousand millions of dollars. The true figures seem to be these. The share stock, .commoa and preferred, and debentures amount at 4s. to the dollar in 122,240,000 sterling, and the debts to £1,120,000, while -the gross earnings are £4,500,000 a year. Supposing expenses not to exceed 50 per cent., this would leave £2,250,000 for the .ownert, or nearly ten per cent., but that may be too good to be true. The figures will, however, enable our readers to understand the mignitude of the concern with which the Ring was playing, and ol the resources it pat into their hands.
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