Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1828-10-15

The President and Directors Of the Eahi'
more and Ohio Rail Road Company have pub
lished their second annual RrpOri-The follow
inp is the conclusion.
The President and Directors therefore IN
conc fusion OF this part of their subject assure
the s,oc kholdrrs, that while they are tu'iy aP'
prised of the difficulties before themtheif COZ"
6dence IN the successful accomplishment, OF
their undertaking remains undated; ard that
with steady and judicious application OF me
means Of the company, they repose securely IN
their ability, TO achieve the Gmelv comPie'io"
of + all Road, which shall in all respects oe
calculated 10 secure the greatest facility Of IN
course, between the city OF Baltimore and me
river Ohio.
The further location Of the road along Inc
Patapsco, pre- para,orv tocontracts Tor consrue>
lion, is advancing with all practicable despatch,
aud notice has already been publicly given, tna'
proposals will be received from the 10Th TO the
2olh Of October, for the grading and masonry
on additional sections, which include ahout
.welve miles, extending from Ellico'ts mills
westward TO the forks Of that river
Arrangements are also in contemplation Tor
| proc uring the mater ials that may be required
as the graduation advances, for completing the
construc lion OF the first division Of the road, q
placing carri ges upon il, in order that re-
turn 10 the company upon its expended STOCK
may be TT allied without unnecessary delay
Measures are also unremi,iingly pursued, In
order 10 prepare for contrac, with all despatch
consistent with the interest VI the work) the
entire Eastern section Of the road, extending
from Baltimore to he Potomac.
The Board Of Directors, in order to possess
themselves OF accurate Information, respecting
all the recrnr improvements in Europe relating
TO the construc ton 81 Raid Roads, and the APP
picarion Of moving power upon them, have
, determined TO send Immediately, two Of thei
Engineers, personally to inspect the work, o.
that desc rip,ioh here, and to collect such iur'
Their information as will ensure to the work, no
only its earliest completion, but successiu
Accomplishment, Of all its parts in the mos
economical and eficienl manner. On the re-
turn Of he d-puts,on, the Directors purpose
prosecuting the enterprise upon sill NOR
! enlarged scale of operation.
It's source Of sincere qualification to TIT
Board To be able to inform the Sto' kholder
,ha, the favorable disposition which was earl.
manifested Nv the propri. tors OF land. TO ced
20 the Company the ground necessary for IN
Road con inues. No, only has a sufh zen
width Of land along hat part of The line nov
under con,rae, been ceded. without any charge
hut the RICH, o. quarr,ing for stone has uahr
staringy been given, aud the proprie,ors a
Ellico','s Mills on he Patap,co, with liberia
. iiy no, les, creditablr to them han encouraging
10 the Company, have made gra'ui:ous dona
ton Of valuable 'ract Which is ad, antageousl
situated for the pu po,es of dcpo,
The Board have assurance, that a simila
disposition will generally prevail along the lin
from Eliicou's Mills to The Potomac. From
, tn. poiri where rhr road intersec;s that river
ssr as C"mbrrsnd they sI,sa saIy k9ld do
ces, wuen deeds Rave not voluntarily been Civ
en-, the necessary legal measures have b.. n re.
sorted 10, in order TO secure right Of way fo
the road,
Since the last Annual repor, Of the Dire c,ors
the state Of Maryland has subscribed for, ant
become stock older in this Corporation tc
the amount Of FIVE HUNDRED thousand dollars
There has also been further augmrn, a,ion o
The sto' Of the Company, by individual sub
sci pfions, 10 the amount Of one million five
hundrsd thousand dollars; making the amour,
Of the entire Capita a, this 'inc, four million,
OF dollars Signed by direction, and on behalf
Of The Board.
PHILIP L. THOMAS, President.