Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1823-11-14
CHESAPEAKE AND OHIO CANAL.

CHESAPEAKE AND OHIO CANAL
81 Co'r.ntion II Delegates from. The States of Vir.
gina, a'gio,'d, Pe,nsgirii,i Ohio and he Dis.
tict Of Coi'anbi,, holden u The Capitol in the Gin
o. Washi gin, o" The oh, TN, a'd 8th Of .Noremi,r,
1928, me fOOriag predn,ble and resolutions rers
considered and adopted
W.r'e'e connexions OF the Atlantic aud Western
w tiers, 10y Canal leading from the Seat of the
G7"sr"l Government to the River OHIO, regarded AZ
local otJrci, - OF the highest importance
States Immediately Interested therein, and consider
Ell IN ni,,ona view, is of measurable CONSEQUENCE
10 the tu,n'r no'on, security, and happiness, of the
| United S,a,e>.
ReSotred, unanimously That il is expedient 10 snb-
sliute, Tor the present defective naviga alton of the
fo'om' k'et above tide waller, gable Canal
| ID, uniierand 10 tile mouth of Savage Greek, al
the eastern base of the Allegheny, and To exte nd
such Canal, a soon thereafter practicable to the
hgne' constant steam boat navigation OF the Monon.
gaHeia OF Ono River.
Ibi! tie most eligible mode OF attaining this OH
Je will be by the incorporation OF joint stock COM
pany, empowered TO cut the said Canal through the
Ierrnory oil the United States in the Disric of CO.
lumh'H, and Of the States o Virginia, Ma Wand and
Pennsylvania and, therefore, that committees he
appointed, each consisting OF five Delegates TO pre-
pare aud present, IN behalf OF this Assembly and IN
| co operation with the Gents al Committee, herena(-
Ter provided, suitable memorials 10 the Conyre Of
the Un,ied States and the Legislatures Of the several
| States before named, requesting their concurrence
III The incorporation of such company and their CO.
operation, II necessary the subscription OF funds
Tor he comrie'ion of the said Canal:
| And, whereas, by an act Of ,hr General Assembly
oil virginia, which passed the 22d February, 1928
| entitled" An ACT Incorporating the Potomac Canal
Company" the assen, of that stte, so far as the
limits OF her territory renders it necessary already
gwen 10 tins object and for lis enlargement TO the ex-
tent required by The preceding resolution, the said
act appears 10 fun ish, with proper amendments,
| suir ieni basis
| BE ii therefore ResolreG, That il will he expedien,
to accept the same charter for the proposed Com
pany, with the following mot, fcatIons, VIZ
ina, IN reference TO ,,s enlarged purpose, The
| Canal"
| That provision be made for the assent of the Co.
yernmeut of the United States, aud of the State of
Pennsy lvaria, the said act and that the act he
mnde To correspond in ITS details with such provision
| Thai the Union Canal shalt he divided into two
| sections, Eastern aud Western the former of which
shai' correspond IN description with that OF the Che
sapeake and Ohio Canal, by the preceding resolu.
lion and the latter shall begin AT the western exire
mi'y oil the former, and terminate the head of The
Steam boat navigation OF the Monongahela or Ohio
| RIVER.
That while the shall allow reasonable time for
| inc commencement and the completion OF both Sec
ons oil the canal, other fo' ei,ure shall he ncu-
reu amer the eastern section rs finished, for failure
TO begiD or complete the WESTERN section, within the
term prescribed, except of the right complete such
section and of all inter therein,
| That, while the consent Of PENNSYLVANIA is proy;d
ed ior IN the amended act shall not he
. requisite 10 the validity of the charter, SO far as
rySpecls The authority granted by IL, TO extend the
| unIon Canal 10 the Pennsy lvania line.
That II will be both just and exped,ent IL not ahso-
uieiy necessary, In limit the of the
e,s ct the Potomac Company, in the stock of the
! chesapeake and OHIO Canal, in the mode provided
by the unanimous resolution of the company Of the
IN day OF February last, copy of which is hereto
| nnexed.
| That the said Canal shall not in width, he les, n,
the surface than 10 feet, nj its bottom than o. nor
ITS depth OF wafer he short Of four feet except where
from the nature OF lhe ground, il may he necessary
Tor the greater security of the banks OF The Canal 10
reduce IT'S breadth at lis base TO less than % feet
That the act aforesaid be amended, by inserting
n i,eu OF me i6lh section thereof, the following
ina be further enacted, The right the waters OF
the river Potomac, for The purpose of any lateral
Canal or Canals which The state of Virginia or
| Maryland may authorize ITO be made in connection
with The said Canal is reserved the said states
pecVey That similar right 10 received 10 the state
OF Pennsylvania IN relation the rivers aud streams
within the tory Of that state the waters of which
may he used III supplying the section of The
SAID Canal: that the Government Of the u States
sni retain the power TO extend The said Canal in or
through The District of Columbia, on either or bo,l
sides OF the liver Potomac aud the state of Mary
land Virginia shall he empowered under the "a ur
ton gwen by The Uuned States 10 this act 10 authorize
any such extension for the p.rpose Of meeting any
canal 50 extended, 10y any other Canal which either
state may deem exped'eni 10 conduct in any diiec
ton Whatever through its territory.
| Prouided, hotoeuer, That part of the waters OF
Tie river Potomac, any other river or stream,
required TO ensure The constant, safe, and convenient
use oil the navigation ofe Canal hereby 10
be made, siaIt be- by any such lateral or Continued
Canal, diverted therefrom The impeachment or IN
| jury OF the said navigation.
That, ~ addition TO the provision contained in the
FIRST section OF the act aforesaid there lie grounded
on the event of lis failure 10 furnish adeamate funds
for tue completion of the Eastern Section of the Ca
nal, TO be obtained through separate act, of the res-
pective Governments and Corporations, Of the States
OF Maryland and Virginia, of the United States and
OF the three Cities of The District OF Columbia,
subscription, TO The amount necessary, Uf 900
dollars, ~ the following proportions Q IL 80 he sub
scTbed by the State of Maryland, 3-lI by the STATE
OF Virginia, oil Ivy the United States, and 2-Il by
the District Cities, 10 be divided between them ac-
cordpg 10 an equitable ratio, TO be fixed by them.
selves In case part oil the AFORESAID shall be
subscribed, by private individuals, ~ The mode pro-
vded by the act aforesaid, the severnl States and
Corporations, within which such individual sub
scrptioDs received, shall lie requested TO assume
~ part OF their aforesaid quotas, tie amount Of such
subscriptions, under such seCuriiy they may deem
eXpedeni GoT The payment thereof by the sul,scri-
bels, TO them respectively.
That the Government Of the United States be ear
nesfly solicited TO obtain the whole OF this sam on
loan, receivable IN four annual Dsiamens, upon the
issue OF certificates Of stock, bearing annual nte-
rest not exceeding five per cent, aud irredeemsbe
Tor ihrIy years, and 10 guaranty the repayment,
thereof on specific pledge e The public Lots IN the
Cry Of Washington, OF ibe United States stock 10
the Canal, and ihe public faith
That The first insumen Of the loan be made paya-
BE on The lot Of March, 1925, and the last on the
Is, Of March, 1929.
That the interest Of each State and Corporation
upon its proportion Of The said loan be paid into the
Treasury Of the United Saes, according to the terms
u tie l1an and is principal sum the expiration
nf thirty ycas, lie period he fixed for its redeBp
ton.
That, Ia the event Of refusal by the Government
ot the United States 10 negoiilte the said loan, esc
State aud Corporation shall provide The amount OF
s respective subscription ~ such as may
seem 10 II best.
That he mAximum profit Of tive said Company
SHALL exceed 10 per cent after the entire Canal
~ 81 huf e