Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1828-06-24
From the National Inteliigencer.
CHESAPEAKE AND OHIO CANAL.
GENERAL, NEE ING.

Chesapeake and OHIO Canal company neld 'neir
FIRST general meeting at the City Hall, in this
city, Yesterday. 10 receive tue report oil The
Board of Commissionrrs on The part OF the U.
S,a,es, and the States OF MARYLAND and Virgin
ia. and To organize the Company by the cleo
ton ola PresiGen, and six 0irre sors, according
10 the provisions Of the charter, SC
At half past ten o'clock, The meeting, which
was uncommonly large aud respectable, Ia
.moncst whom were observed Judge Washing
ton. Governor Kent, Governor Sprigg, sc. &c
convened in the chamber Of the Common coun>
Gil. when, on MOI ion Of Gen. John {. Hunter,
If Virginia, the Secretary OF the Treasury, Mr.
Rush was unanimously requested TO take the
Chair.
Mr.. Rush rose and briefly stated that he was
Induced to decline the honor Conferred upon
him, observing that this decision was grounded
upon the PROBABILITY that the deliberations oil the
NEE ing nigh be prolonged to period OF the
day at winch his attention would necessarily be
called 10 the Performance Of his official duties
elsewhere He proposed that the Mayor oil
the C,ty of Washington take the Chair; which,
having been seconded * agreed to,ahe meeting
Was called to order by JOSEPH Gales, j.; and
Clement smith, Esq. having bren requested TO
act as Secretary, and Mr.. n. B. Van indt, as
assistant Secretary, and the notice fo. the meet
ing having been read by the Mayor, Saml. ii.
Smith. Esq. from the Board OF Commissioners
for receiving, sui Sc ripIions To tht Sock OF the
Company, m-Ie the following report, which
was read:
The Commissioners appointed by the Gov
ermnents Of The URited States, Virginia, and
Maryland, TO apen Books for receiving SUB
scri2tons to the Capital Stock OF the Chesa-
peake and Ohio Canal Company, respectfully
make tSashe Stot kholders of the Company The
following report:
On the 27rh Of January, 1924, the State of
Virginia passed an act Incorporating the Com
pany, which received the confirmation Of the
State Maryland on the 3lst Of January, .ls25,
and that Of the United States on the Sd of
March, 1925. In Virtue of these acts, the Com
missoners were appointed.
They assembled al early y, so consult on
the time for opening the Books Of Subscription.
Finding that the praclica6ihty only OF the "a
nal had been then asser.ained, and that even It's
general route and expense were uncertain, they
cons :dered it inexpeden, 10 take ny Immediate
steps, especially as measures Tor determining
these important points were in progress. II
was not until he 9Th OF December, 1926, tina;
the Pre- sident Of the United States commune
Gated 10 Congress Report Of the Board OF En-.
gineers for Internal Improvements, drawn up in
the OCtober preceding, Indicating the route Of
These estimates greatly transcendlng the
expected cost Of the Canal, and exceeding, in
the opinion of the Commissioners, the expense
that would be actually incurred, and Being CON
sequently feed TO have an uufavorable infu>
ence on the subscriptions of moneyed men,
they considered il ad isabe TO defer opening the
Books until the Convention, which had in the
year 1928, devised the plan for the execution
Of this grea, work, should Se assembled, by
whom the accuracy of the estimates might, II
was presumed, De best tested, and other mea-
sures, scarcely Of secondary importance, be a
dopted. With this view, they recommended
tn assembling Of the Convention, which took
place at the ciuse OF 1926.
The anticip ted eSuhs were realized in the
dehber atiuns OF this body. The estimates OF
th- Board { Engineers were tested by minute
pIsctiCsl knowledge, and actual prices under
analogous circumstances; and IL was salisfacto-
riy esatl shed, ard subsequently, onhrmtd by
the report, ofthe Uoited States Civil Engineers,
tina, he Eastern section Of the Canal could be
effected for sum not exceeding four millions
Of dollars. Still, a. Cong ess were now in ses
sion, and, as u was hoped that measures would
DE taken, during the session, that might have
propilious influen nee IN indi,idu subscriptions,
the Commissioners thought il best 10 await The
issue Of their deliberations.
Tx sSSSiOh VI SShSiCSS ho'"S SiNS'u5 ~
was determined, Oh the l4,h Of JUne, 1927, to
cause the books OF subscription to be opened,
They were accordingly opened, on the 6rsl day
of October, in the District OfColumbia, and al
convenient places an the States Of Virginia,
Maryland, and Pennsylvania. On opening the
books, liberalily and zeal were displayed,
which cannot be too highly appreciated. AS,
however, the larger Subscriptions were made
b, the Corporations Of the District, and con-
stitutsd a part of the amount requisite for The
organization Of the Company, and as doubts
were entertained Of the legality Of these sub
scriptions. the meeting of the Stockholders
was deferred until they should be Confirmed by
Congress, and until that body should itself have
tdecioed on The contributions Of the nation 10
NAis interesting objec,. Both these ends hav-
&e been obtained, under circumstances that re-
Tse all doubts Of It's accomplishment, the