The amount paid from the State treasury for work and materials 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 by contractors under the contract upon the tunnel, $129,475 00 Amount earned by contractors under the contract, upon the road west of tunnel, 50,000 00 Amount earned by contractors under the contract, upon the road east of tunnel, including temporary work, 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 work by the State from July 1861 to January 1867, 140,226 95 ----------- Total amount paid more than earned, $319,936 82 From the foregoing statement it appears that the contractors with the Troy and Greenfield Railroad corporation, have received from the State, three hundred and nineteen thousand nine hundred and thirty-six dollars and eighty-two cents more than the value of the work which the corporation surrendered under the mortgage, and that the State has lost that amount of money in its efforts to assist in the construction of the work. It is proper to add as the judgment of the very intelligent chairman of the commissioners (Mr. J. W. Brooks,) from whose statement to the Committee the foregoing figures are taken, that the loss to the State in the transaction by the failure of Messrs. B. Haupt & Co., to perform their contract in a proper manner, will reach the sum of three hundred and fifty thousand dollars. (See statement, Appendix C.) The Commonwealth having taken possession of the road and tunnel, and by the legislation of 1862 and 1863 undertaken their construction with the free consent of the corporation, the directors by an appropriate vote, expressed their concurrence with the proceeding, and their reliance upon the "good faith of the legislature" to complete the enterprise which had exhausted the resources of its immediate projectors. The last act of the corporation, as appears by the records, was the choice of officers in August, 1865, when Alvah Crocker was chosen president and Wendell T. Davis, clerk and treasurer. DESCRIPTION OF THE TUNNEL.