EXHIBIT 16.1 October 5, 2004 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, DC 20549 Gentlemen: We have read Item 4.01 of Form 8-K dated October 5, 2004 of Allis-Chalmers Corporation and are in agreement with the first five paragraphs thereof. We have no basis to agree or disagree with other statements of the registrant contained therein. /s/ Gordon, Hughes & Banks, LLP