Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1830-06-15
CHESAPEAKE AND OHIO CANAL MEET
ING.
SATURDAY., JUNE IL.

Cudil at IL NiOSN
Thomas Mmroe, ESQ. from the General Com
mittec, made the following report. which was
unanimously adopted, and ordered to be printed;
The General Committee appointed at the Second
Annual Meeting of the Stockholders OF the
Chesapeake and Ohio Canal Company, respect
fully submit the following
REPORT:
In the communication made 10 this meeting BY
the President and Directors, and the documents
therein referred to, will be found a statement OF
she proceedings Of the Company during the pre-
ceding year. The situation of The Company, its
finances. and te progress which has been made
towards the completion of the great design which
led to its organization, are fully exhibited, and
Justify the most ~sanguine expectations that this
work will, ere long. realize the anticipations in
which its friends have warmly INDUCED.
The payments called for by the Board have
been made with unusual promptness, when re-
ference is had to the dispersed situation of the
stockholders, and no serious deficiency need be
unprecedented from failures to pay the instalments
as they are required. The accounts of the Trea-
surer are still entitled to that commentator
which they received at the last annual meeting,
for their neatness and accuracy, and show that
the funds Of the Company are managed b. that
officer with faithsIlaess aAd care. is Report
Vi a Subcommittee, 10 WHOM this subject US
referred, is herewith annexed.
The character of so inuch Of the work as has
been Accomplished, orr in progress. will be more
eleals and fully laid helore the Stockholders by
the Committee TO whom was specially deyoived
the duty of trayerslng the line of the Canal, and
Of forming a Judgment by.a personal inspection.
The industry of the various officers and agents
of the Company is indicated by the progress
which has been made III this enterprise, aud in
the fact, that IL Is more than probable that the
Canal will be SO far completed BIZ the approach
ing fourth of July as to permit the water to be
admitted. and the locks to be passed as high up
rs Seneca River, unless a prudent regard TO the
recent erection of the works should be thought to
require a temporary postponement OF this opera
ton. The Committee feel rather inclined to dis
courage than to incite to any hazardous attempt
10 introduce the water with too great rapidity IN
co these newly constructed works; but c~onfding
In the discretion of the Officers of the Company,
and in the Judgment of the Engineers connected
with it, they entertain no approximations that any
dangerous experiments WILDE prematurely made.
1t is, however, a source o. great pleasure to have
ascertained, that, SO far Us depends upon the
agency of labor, so important a part of the Canal
will have arrived at maturity at so early a Pc
Rod as two years since its nominal commence
ment.
The opening Of the C-rel % Seneca will be
Immediately followed Nv an increase Of revenue;
for it is one of the peculiar advantages OF LIS IN
dertaking. that, in its progress up the Potion &c,
each part of it, as it is completed, may, at once,
be brought into operation, and be made a source
of profit.
.Tne Committee have, as they think, strong
ground for indulginS the hope that ere long IT,
extension og the canal from the Point of Rocks"
II -. ,It 80. 49,
impeded BY the unhappy controversy with the
Rail Road Company of Baltimore. and that these
two great and rival works may have an opportunity
ofamicabIy settling their relative claims to public
attention 6y a harmonious contention for the hon
or of best promoting the objects ut which both
profess to aim. Should this anticipation be real
lied, within little more than another year the
communication NAV be completed to the mouth of
the Shenandoah, and the vast resources OF the
fertile region watered by that river, contribute
their aid in swelling the advantages which this
enterprise promises to confer upon the commu-
nity and in auglnenting the profits of those who
have invested their property in Its funds. Assist
ed by experience and encouraged by success, the
difficulties which will remain In the way OF the
completion of the Eastern Section of the Canal
win soon be compelled to yield to we'll directed
and s~killfully conducted enterprise.
Inc DetleVe tnata careiui eAailind-
non Of the present situation of the Company and
the extent of its progress will justify the belief
that there has never existed a period which fur
nished so many and so well grounded reasons for
entire confidence in the result of this experiment.
The actual conquest which has been achieved over
obstacles which all Admitted TO be gigantic, has
afforded satisfactory data upon which to rest a
well assured belief that the same ability and zeal
which have thus far proved successful, may safely
conduct us to the termination of our design.
The Committee has had under lis consideration
the resolution which was specially referred to it,
relating to the appointment Of superintendent
of the works of the Canal. has been
sought and obtained upon! the subject, which has
appearej to the Committee emitted TO great at
tsn,ion, & which has gone far TO satisfy the COM
miree of the utility ofsuch an officer; bur as the
President and Directors are invested with ample