TABLE No. 2,

Showing how much should be allowed per barrel for the manufacture of salt by the Onondaga Salt Company in order to pay dividends upon the whole property leased by them, that portion of the salt blocks necessary to us, and upon the capital stock invested, as determined by the manufacture of 1866. The whole number of barrels made was 1,431,701, of which 1,036,064 was fine salt, and 395,637 was coarse. The valuation of fine salt property on which

rent was paid was $1,777,613.76; of coarse salt property $1,618,640.00:

Showing average cost per barrel for manufacture of salt by Onondaga Salt Company for year 1866, and also what it would cost if this Company paid 7 per cent instead of 12 per cent on their leases, or ten per cent on the leases of 106 blocks, which would make all the fine salt if kept continuously at work:

TABLE No. 4,

Showing the average net price at which salt was sold by the Onondaga Salt Company during the year 1866 in different markets. The price per barrel that the residents of this State (except N. Y. river counties and some south-eastern counties) paid more than non-residents of different markets, and the aggregate excess in price thus paid. The amount sold in State market at $2.35 was 414,358, of which at least 350,000 bbls. were thus sold to inhabitants of this State:

P. S. This table is made up from the returns of the offi cers of the Onondaga Salt Company, with this single exception : They charge home market with 10 cents per barrel for taxes and home office expenses, and put no such charge on salt for other markets. This table divides it and puts 5 cents per bbl. for such expenses on all sold.

TABLE No. 5,

Showing profits made by the "Onondaga Salt Company" on the 350,000 barrels (of the 414,358 barrels returned as State) sold to the inhabitants of this State where this Company controls the price without competition. It is calculated on 260,000 barrels fine, 90,000 barrels coarse salt, which is in proportion to entire manufac

The whole number of barrels manufactured was 1,431,701, which makes the allowance on each barrel, to pay 10 per cent on capital stock, and 7 per cent on surplus and borrowed money, 8 cents.

The cost of manufacturing barrel of fine salt, paying 121 per cent on all leases, was (table No. 3),. . . . . .

Add for use of capital stock and surplus,

Makes total cost,..

$1.81 5

.08 0

$1.89 5

The cost of manufacturing coarse salt per barrel, paying 12 per ct. on leases, was (table No. 3),..

$1.51 2

Add for use of capital stock, surplus, &c.,

Total cost of barrel of coarse salt,.

.08 0 $1.59 2

But 260,000 barrels fine salt at $1.89.5, will cost.... 90,000 barrels coarse salt at $1.59.2, will cost..

$492,700 00

143,280 00

$635,980 00

But the 350,000 sold for $2.35 $822,500.00, leaving a profit of....

186,520 00

$822,500 00

Hence the clear profit on the salt sold the inhabitants in the home market was $186,520.00, over and above and after paying 123 per cent clear on all the real estate, 10 per cent on stock, and 7 per cent on surplus and borrowed money.

If the Salt Company had only paid 7 per cent net on the valu ation, in leases, then the cost of manufacture per barrel fine salt would be (table No. 3),...

Add for use of capital stock and surplus, &c.,.

$1 72

08

$1.80

The cost of manufacture per barrel of coarse salt would be

But 260,000 barrels fine salt at $1.80 per bbl.,...

90,000 barrels coarse salt at $1.36.6.

.......

$468,000 00

122,940 00

Total cost,

...

$590,940 00

350,000 barrels at $2.35 $822,500.00, leaving as

profits,..

$231,560 00

$822,500 00

Thus showing a surplus profit of $231,560.00 on sales of 1866 to inhabitants of State, over and above 7 per cent net on real estate, 10 per cent on capital stock, and 7 per cent on surplus and borrowed money.

TABLE No. 6.

Showing the amounts divided among the owners of the Salt Works, coarse and fine, both in the shape of rents for real estate and dividends made by the Onondaga Salt Company, together with its surplus now on hand, thus showing the aggregate net profits of the owners of the Salt Works since 1860:

The valuation of property on which 12 per cent was paid for year 1866, was:

On this 12 per cent has been paid yearly, for seven years, which for one year is $418,282.22, and for seven years make total rent

If you deduct the bonus received on sale of coal mine, as not strictly within the business, viz: $510,000, you still have $4,316,441, or about $1,000,000 more than the valuation of the property on which they pay 12 per cent, it being 127 per cent on property invested, and an average of more than 18 per cent annually.

From these tables, if correct, the following facts are established:

1. That of the 316 salt blocks only 106 are necessary to manufacture all the fine salt sold in 1866.

2. That the Onondaga Salt Company has since its organization paid 12 per cent on an excessive valuation, when made, of all these 316 salt blocks (although only 106 were needed and only 214 actually operated) net, over and above all taxes, insurance, dilapidation or other injury, and that this amount is called and calculated as part of the expense of the manufacture of salt.

3. That even under the liberal calculation and allowances of The Salt Company, and on this basis of 12 per cent rent on all 316 blocks in 1866, the entire cost of a barrel of fine salt was $1.81.5, for coarse salt $1.51.2. If only 7 per cent net had been allowed on valuation of all 316 blocks, the cost would have been $1.72 for fine and $1.28.6 for coarse salt per barrel; and if 10 per cent net on valuation of 106 blocks necessary, then the cost would be $1.66.4 for fine per barrel (Table Nos. 2 and 3), while all salt was sold at a net average of $2.03 per barrel.

4. That the inhabitants of the western, northern, middle and southern portions of this State for the 350,000 barrels bought by them in 1866, were compelled to pay $147,000 net more than the inhabitants of Canada paid for same quantity, $220,500 more than same amount sold in New York city net, and $150,500 more than the average sales in all other markets net (Table No. 4). This is the benefit that the people of the State derive from the exclusive ownership and control of the salt springs and manufacture of salt therefrom.

5. That the profits made on the 350,000 barrels sold the people of this Stute, residing where the Salt Company has a monopoly of the market, was in 1866, over and above 10 per cent net on the capital stock, 7 per cent on surplus and borrowed capital and 12}