Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1823-11-11

proposed company, with the following notifications
vis That, IN reference 10 us enlarged purposes the
name be changed To the " Union Canal"
That provision he made for the asse at of The CO.
veranent OF the United States, and of the State Of
Pennsylvania To the said act, and that the act be
made correspond in its details with sue prov
That the Union Canal shall be divided into Two
seciioDs, Eastern and Western the former of which
shall respond in description with that of the Po-
'omac Canal by the preamble Of the said act aud
the latter shall begin at the western extremity Of the
former, and terminate the head of the boat
navigation Of the Monongahels or Ohio River.
That, while the act shall allow u reasonable time
for the commencement and the compilations Of both
sections OF the canal, other Ton fixture shall be
cured alter the eastern section is finished, Tor 4
failure Ia begin or complete the western section,
within the term prescribed, except OF the right
complete such section, and Of all interest therein.
That, while tue consent OF Pennsyiv ana is provi.
died. for, IN the amended act, it shall not he indi,pen-
sadly requisite 10 the validity of the charter, Gar
respects the authority granted by it, extend the
Union Canal 10 the Pennsylvania line.
That Il will he both just and expeuiien f not alb
soluiey necessary, TO limit the interest of the stock
holders OF the Potomac Company, in the stock of
the Union Canal, in the mode provided by the unan-
imous resolutions of the company - Of the -
Jay oil last 49, copy of which is hereto annexed
That The Union Canal shall not, in width, he less
nj the surface than forty feet lis bottom, than %
its depth he short of four feet
That ~ addition TO the provision contained in the
first sectios OF The aci esad, there he grounded OH
The event Of its failure furnish adeq uae fund, for
the completion al the Eastern Section Of the Canal
be obtained through separate acts OF the respec-
tive governments and corpot atoms states of Mary
land and Virginia. the government of the United
States, aud The three cities Of the District of Conm-
bin, sibsc ipiion To The amount, if necessary, OF
ziooOoo dollars IN the following proportions, 2-llih
BY the state Vt MARYLAND, llih by the state of Vr-
gina, Ilh by the United States and 81 llii by the
District cnes tn be divided between them, accord
ing TO AN equitable ratio, 10 be fixed by themselves.
That The government of the United States be ear
nestiy solicited TO obtain the whole of this sum on
loan, receivable IN four annual instalnieus upon the
issue OF cei hcaies of stock, hearing interest not
exceeding I'VE per cent, and nredeemabe for thir-
~ years, and To guarantee the repayment thereof on
specific pe'ige of the public lots in the CIV Of
Washington, oi The United Suites Stock i'm The Ca
nal, and the public faith
That the first instalnent Of the loan be made pay
able on the Isl OF March, 1926, aud the last Oh the
list of March, 1929.
That The interest of each state and cotnoratiou
upon It's proportion OF the said loan, be paid the
Treasury of The Uuiied States according 10 the terms
OF tue loan, and the principal at The expiration
oil thirty years, the period 10 be fixed for its redemp
zion.
That, in the event of - refusal by the government
OF the United States To negOnte the said loan, each
state and corporation shall provide The amount of its
respective subscriptions, IN such may seem
10 IL best.
That the maximum profit of The said company shall
not exceed ID per after The entite canal shall
have been completed hui, If, at any time after tue
complexion oi the Eastern Section thereof, and be-
lore suic1ent funds shall have been Otherwise prov
ed Tor the completion OF the western the tolls OF the
Canal shall yield nett income to the stockholders
exceeding 10 per cent per annnni, such excess shall
lie nppted towards The extension OF the canal, until
Tue western Section shall have been completed aud
10 give speedy effect this provision the Presi-
dent aud Directors of the Union Canal Company
shall be authorised To borrow, or may negotiate
urough" suitable agency, VA behalf OF tie Company
on the crcuIi OF such excess, The tolls fixed
part thereof, levied upon certain passing
through the said Canal, heiDg The probable amount
VI such annn' excess, such sums OF money a. may
oe deentd expedient, by general meeting of the
SlOcknOtIerS, To br applied the aI line
Western Section Of the Canal, from time 10 time
tll the SAID section shall have been completed. And.
l alter the completion of The entire canal the nett
dividends shall exceed 10 per cent, per nnnum such
excess shall he applied fist, To sireng hening the
works "t the canal, Eext TO the multiplication Of
eendiDg locks from the river Potomac 10 The level
OF tie cana wherever the convenience Of he adia-
cent country may require II next, lining the canal
throughout with such walls of sIOne as shall accom-
motidte MS banks To The of Steam hoaIs & should
'he ne'f dividends still exceed 10 per cent then the
excess shall he applied the reductions according TO
some equitable scale, OF the Tolls levied upon lie
sad cana.
find be IL further Resolred, That a Committee of
Delegates be appointed. to prepare, and cause to
nc presented, IN behalf "t ilis Assembly, a suitable
memorial 10 The State of Oho, soliciting Ihe co-ope-
ration OF that Stale IN the completion of the Union
lanai, and It's ultimate xun with the nayipa-
ION oil Lake Erie and that, Tor the Latter purpose,
lhe menor'a shall respectfully suggest the cxpedl.
ency oil causing The country, between the norihern-
nlo-t bend oil The river Ohio, and the southern shore
OF Lake Ere, together WIN The waters Of Great
beavr' and Cny"ga Greeks, aud all other Ivening
waters neaf the said route, To he carefully surye
ed, with the view Of asc-riainng the praciicabiliiy
and probable cost OF Canal, which, fed by the lat
Ter shall connect the former.
That letter he addressed by the Chairman of the
Assembly, to the Mayors of Aexandtia, Georg rtown
ana washington, appriziug, through Them their res
Peeute Corporations, OF the edngs of this As
semby, and inviting then jealous Gu. ouerat;nu in
giving TO them effect.
That another letter he addressed by the Chairman
~ behalf OF this Assembly, to The President and Di-
Eectors OF the Potomac Company, requesting their
concurrence IN the measures recommended by the
preceding resolutions.
That the authority levy tolls he varied so FAR as
10 anihofise 'oi exceeding three cents per bash
81 per hundred miles, upon Coal r',d Salt, or five
"oiaTs per ton on lrou, and the manufacture thereof
9. Ultre dOiIais per ton per hundred miles on all
MrIchandlze, az ten GEMS on the barrel OF Flour.
I heSofred That the Committee before named be- aud
heS die hereby aUIhUrIZed T. requested 10 use their
peS' exeTions to oh ain the favorable reception
Tor their memorials, ascertain and communicate to
I'VE Ceniral Corresponding Committee, hereinafter
"fu' such objections, If any, opposed 10 the
P'StIs1 OF iheH respective memorials ,nd devise f
posslhi- IN ConjunrIOD with the common friends OF
he Union aud prosperity OF the United States, the
means oi ob'IanDg all the impedmenis TO their sue
hssOired That for the last mentioned purpose, the
DtIrgaies oil the respective Counties aud Corpura.
uoh'' Represented ~ this Assembly, he regarded As
corresponding Committees, and thai - persons I've
"pPoiied q Central CUmmIifee of Con esronde nee,
70 conieT with the Committees before named 10 hold
sailed meetings in the CITY OF Washnglon for The
pop9se Of consulting upon, and adopting in behalf Of
we OniOn Canal, such measures as may seem be.l
ment. - 'f'
Mr MERCER followed the reading of his
resolutions with very luminous speech, ex-
niloitIng variety of information concerning
.ne history and character Of the canals Of En-
rope and of the United States, and EN-
tracing numerous details in relation to the