Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1828-09-13

A, the general meeting OF the Stockholders
held al the City Hall in Washington on the 10th
inst. Mr.. Mercer presented the following
REPORT.
The President and Directors Of the Chesa-
ueake and Ohio Canal Company, at the instance
of the Directors residing within the City oil
Washington, have convened general meeting
az the Stockholders, in conformity 10 the pro
visions Of the Charter, & BY laws of the Com
naay. in order 10 submit 10 their Judgment the
2roper point Tor the Eastern 'er"'haio" " '">
Canal.
lis due to themselves, as well as 10 the Cen
eral meeting, to state, that the Beard, for iea-
sons sa,isfaC tory TO majority Of their members
had, by prior resolution, declared il to be their
orinion thai il was inexpedient 10 settle that
question at present. part oil the Board had
peculiar re asons for that determination, which
did not initiate against an immediate suhmls>
sion of the subject TO the Stockholders, anG the
urgency with which decision upon this ques>
ton was understood 10 be pressed, by consld'
cradle portion, irsinterest, of the subscribers to
the stock Of The Company, oVercamr any relac'
lance which the Board might otherwise have
felt to convene general meeting SO soon after
the organization OF the Company.
In anticipation Of the deliberations OF the
Stockholders, upon the subject which Is now
submitted 10 them, forts have been diligently
and persevsringly made by the fresideh!
aud Directors, to hsrmonize the various local
interest, involved in the decision Of II. Ofthese
efforts the proceedings Of the Board afford iht
hes, evidence 1t will be found, IN the resolu-
ton Of the BOARD Of the 9Th August, in The re-
port OF the COMMITTEE 10 which this resolution
was referred, and in Inc unanimous decision OF
the Board upon that report.
It is for The General meeting 10 approve, 10
reject or 10 modify the compromise presented
by the last resolution.
The Presiden, and Directors, however, take
this occasion 10 suggest, that as the mex, Com
tracts for the construction OF ths canal vii EN-
brace the entire line from the Listie rams, 20
Knoc.an Mountain, and will require SO much
of the CauaI 10 be completed by the end ~ the
ensuing wear, but lt,le loss will be sustained by
The r,omnary. from extending the Canal 10 lis
Eastern termination, as soon as praclcao'e' az
ter ,ba, IS fixed by tie dghnilige Judgment OF
the Stockholders.
The line of the Canal, between the Kitoc tar
Mountain aid the mouth OF the Shenandoah.
being but len miles, by being distributed into
smaller sections, may be also completed IN the
next year, though ut und, r contract some TIME
after the expiration of the present. IL the Ia
nal be confined to the Northern Sho'e OIL the
Potomac, this must, indeed, eventually depena
on the promplitude or delay Of the decision OF
IN. vending contro, er.y between the Canal
Company and the Baltimore Ohio Kali Road
Company.
When that shall have been decided, no oosta-
Gle will remain to the extension OF the active
onrration, Of the Company, as lar as Cumoer-
land, or even to Coal Banks, but the abSeuce
OF the necessary funds
Although toe present General Meeting has
been convened for the purpose ALREADY stated
the P.esiden, and Dirsctors have presumed
without, inquirins in'o the extent OF their du'y
that it woult be- gratifying 10 the StocShoiaerS
10 be apprised Of the progress whicn mas oee'
male, since the annual election OF the ofhCet'
of The Conway, towards The Imminent OF 'h'
trust conf led TO them.
recollection OF The protracted decay Whic'
occurred in completing the necessary suhScrip
lions to the Stock of the Company, as well a.
of the very numerous distractions when re
,arded the maturity Of its Charter, urged upo'
IN. Board the obligation OF grea'er dilgence II
commencing the construction Of The Canal.
A gentleman Of great reputation, who ha'
been pre .eminen, in the Valuable c'rRs oil prao
tical Civil Engineers formed by the New 1ort
Canals. had been earnestly, though iniormaii,
invite to- Washington, prior 10 The genera
meeting in June, for the orsa iza'ion OF IN
Company. A resolution ut the Piesia'n' am
Directors Of the Delaware and Chesapeake "a
nal Company, with hberali,y for which TIN
company cannot but be grateful, sanctioned IN
purpose Of the invitation, which brought L
Washington Judge Wright, then, as al presen
the Chief Engineer OF that grea; work. IN
invitation which had been given to him, TIL
Board unanimously approved, as soon as l, wa
communicated to them.
As early as the 2s,h day Of June, Judge W
assisted by Mr. John Mar'inesu, a pupil {
the same school Of Engineers, proceeded
trace upon the ground for contract, that porto
OF the Canal which is designed 10 connect tn
old works OF the Potomac Company al the Ii
tie Falls with the contemplated Canal abov
the mouth Of Senaca, where recurrence Is ha
TO the main river for "a supply IF wafer. Thes
gentlemen suspended their labors Tor the a.
Of July only. Al The request Of the Cities
the District of Columbia, the President oil III
Uai,ed S, ates had been invited by the Board