Edwardsville spectator. [volume] (Edwardsville, Ill.) 1819-1826, 1823-12-13
interest of the STOCKHOLDERS of the Poto-

ptoVlleu by the unanhhu5 FtsoiuVio"
81 the company oi the III Gay OF Feorna-
~ lasl, copy Of which hfeto enneXed.
That the sale. Canal sha MOI, III "idfb,
Ye less at the surface man 40 feet, at IFS
1ouom than %, nor is dQth OF watei
he SPORT oil tour feet, excep where, iram
nc 10 ure oil the grouud.li may be n
sssary, tor The greater Iecurlty OF The
h5nks OF the Canal, % reduce i
~ ddth al base To losl than % tee.
Ina the tnaXImunl prof 5 81 the sad
Company shall moi exceed 10 per cen
.aer The eblIfe Canal shah have bect
completed; but il, al any time after tbe
completion Of The eastern section there
-, aud before sufficient lunds Shall haf t
been otherwise provided io he compile
lIVn III h Western, the oils oil the ca
nal snail yield 1T income 10 he stock
aoldets exeeedne 10 pr cent. per an
nun, such excess shall be applied to
Walds the exlvnsien OF the Cau-l, uni
The Western seetIon shall hive fetg
completed and, To give more speedy
f c 10 lhis prov lsiOh, lit j eslden' an
ID r: tors OF the Ches poke and Ope
Cana Comptry shall be au.ho1zea ~
borrow, or may negotiate, h,eu h .
suitable agency, IN behalf OF the C9"la
rs, on the credit OF such excess, a. -
he tolls, or fixed par thereof lcv.e 6
upon certain cbjnmedIues PAST.
hrough the sand Canal, beng tie p.
| babe Amount OF such annual tX,ss-.
,urh sums OF money as may BE- deem,
| cXDedIeni, by a general meeting OF III
stockholders, t. be applied 10 the *
tension of lie Westen section OF ~
Canal, from time To tine, Ill he ST,
section shall have bcel completed -
| Ard II, after the Compleiuu oi he entlt
C1nal, the nett d, idend shall exceed Is
! 5er cent. per annum, such excess Sinai
d. applied, FIRST, to Strengthening the
works oil the Canal neat, 10 the mu!t'=
! phcafiop ol ascending .ocks from tne
river Z ftOmac to he level OF the Canal
wherever the convenience Of the ala
cent cenn'r. may require II; next, t.
lnnng the ClnaI throughout, win SUI
~ali, Ui stones a. shall accommodate Us
banks 10 the use of steam boats; an,
should the nett dividends sill 0xcecd IS
per ceht. then such excess shall be ap.
piled % the I, dlcllon a the tolls ueuu
the SAID canal, according 10 some tqnis
table scale.
fhot he &C, afor6 said be amended, ~
Inserting, IN lieu OF The 18Th section
thereof, The following:
IND be it FURTHER enacted, Tba, the
ri5nl o the waters OF ,he ryei p arpmae,
FIR the purpose of any la,era Csnal or
C3nais, which the state o. VIZ inla or
Msry ldnd may antharize to be made, IN
conhcXlan nih the sad Canal, is teserv-
ed 10 the SAID safes respt cuvely that a
similar right is reserved 10 the state Of
Pennsylvania, in relation 20 tbe riv ers
and reams "rnln the tcrrit' ry of tina
sfate, the waters Of winch may be used
IN supplying the w,sl. n section Of the
sail Canal; that the Gov rnmeIt If he
Unlled ) ates saail reulD tpe power 10
extend tie Sal canal il or tlrOuga The
District OF Columbia, on either or both
slats of the river Pobmac and the
state oi Mar. land on Virginia shall be-
empowered, onder the sanction given by
me Uaped Sales TO tn's act, 10 auiho
rlze any such ,Xtensien for the purpose
Of mceiin3 iuy Canal, so ex,euded, by
any piher Canal ahIch ei'bor state may
}eem ii expedent TO conduct in any d.
rect5n " ,a.e'or through its territories.
lg1 ioz 4
the WI ers OF fhe river Potomac. or any
other river or stream, required TO en-
sure the constant, safe, aud convenient
nav'5ation Of he Canal hereby autho-
rlzed TO be made, shall be, by any such
Ia'eral or Continued Canal, diver'e5
there'rom to the impeachment Or injury
Of the said nayIgati H."
2. .f1d be ii further Resolved, Tat
l. ,ddl.,on 20 the provlslon contained IN
nc frs section OF The act aforesaid. der
De ground d, On the event OF is failure 10
furnish adequate funds Tor he compile
son =. The L stern section oi The Canal,
to be b'A!ned through separate AIS -
he resptctiNr G3vernmen and Corpo-
raiions, Of The s a,es # Mar,Iald 8Da
Virginia, Of the Unired Sat, and oflnt
three Cuies Of The District oi Coiumbla
subs li'n 10 The amount, Unnecessary,
OF 81 $50 oOo IN the following proper
ions | tis 10 be subscribed by the
state OF Mdrt land. / ! rs BY the sat
OF Virginia, 4 | | hs BY the UnNed S ates
and -lllhs by the Dislricl Clues, to b.
divided between them, according to an
eqa' ablg ratio, 10 be fixed by thems lves
In Ease apart Ut the sum aforesaid sha
iAn. h. .ilA..I Il