Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1830-06-22
DONt@ aRI9.

u following
Resd Tia, the resolution adopted Meeting
OF Stockholders the Goth Of September last authorizing
eent ana directors to petition the parties the charter
the Company to modify empower Company to com
mence the Western Section before the Eastern finished
be construed to authorize petition any alteration the char
ter authorizing the application of com
meneemen prosecution Of tho Western Section
peon oil tho Eastern Section such subscriptions
hereafter DO made the coalition being applied the
Western Section. -
An Interesting election place for the President of the Com
pany Mr. O. F. Mercer, the President tho
sandidaesand Commodore nominated by Mr. Ing
ham, Secretary of the Treasury auoher-M ngnm ropc
scnts tho stock of the u States The election and
the principal proposed adopted will appear
following Proceedings
CHESAPEAKE AND OHIO CANAL MEETING |
SATURDAY, JUNEl2
ihe Hon. Mr. Washington was called to the Chair, |
at IL o'clock. |
Thoma' Munroe, Esq. from the General Committee,
made the following report, which was unanimously "a
dop'ed, and ordered 10 e printed
REPORT.
The General Committee appointed at the Second An.
nual Meeting Of the Stockholders of tho Chesapeake
owing Report
In the communication made TO this meeting by The
President aud Directors, and the documents Their
fetred TO, VIII be foUnd statement of the edngs
oil the Company, during the preceding year The stu.
alton Of the Company, /, finances and the progress.
! which has been made towards the compr,ion OF the
great design which led TO lis organization fully
hbted, and justify the mot expec
this work will ere long rcalzs the anticpaons in wheh
lie itiends have warmly inlulged.
The payments called for ty the Board have been
made with unusual rronpness, when reference is had
10 the dispersed situation Of the Siockh elders, and
serious DEFICIENCIES need be from failures
TO pay the instalpcnts as they required. The
counts OF the Treasurer are still entitled to that com
mendaiion, which they received at the last annual
meeting, for their neatness aud accuracy, and show,
that the funds OF the Company managed by that of
fcer, with fathtulness and The reror OF a Sab
Committee to whom this subject was referred, is here
with annexed
| The character Of much Of the work as has bee
accomplished, or u in PROCESS, will b. clearly
and fully laid before the Stockholders by the Commit
tee TO whom specially Gevolvcd the duty OF traver
Ing the line oi the Canal, aud of forming judgment
by pei soDsl inspection.
The industry OF the various officers and agents cf the
Company Is indicated by the which has been
mae in this enterprise, and ia The fact that il
i'an proba|ie that the Canal will DO 80 far completed
by tbs approaching 4ih OF July, as To permit the water
TO be admitted, and the locks be passed high UP
Senaca river unless aprudent regard 10 the
ton Ct the woks, SHOULD he thought to require tenn
porary pos ponsment Of this perdtIon. The Commit
feel rather inclined 10 discourage, than 10 ncte any
| hazardous attempt to introduce the with too grra
rapidty, into these newly constructed works; but
hiding IN the i-crenn OF the officer of the Company
and liz the judgment OF the Engineers with
it, they entertain 8ppreh. that dangerous
experiments will be premaiurely made. Ii is, howe
yer, source OF great pleasure TO have ascertaned
that 80 lar depends upon the agency of labor, inn
portant part of the Canal will have arrived at mau
rity at so early period as two yeas since its nominal
commencement
The opening Of the Canal 10 Senaca will be immedi-
atey ollowedby an increase OF revenue Tor il is of
the peculiar advantages of this undertaking that, in its
progress up the Potomac, each part OF it, it is COM
lced, may at be brought into operation, and be
made source OF profit.
The Committee have, as they think. strong ground
Tor INDUCING the hope, that long, the extension OF
the Canal from the Poin, OF Rocks" at least high
as Harpers Ferry, will net be impeded by the unhap-
ny controversy with the Rail Road Company of Balti.
more, and that these great and rival works may
have opportunity OF amcabiy settling their relative
claims to public attention, by harmonious contention
Tor the Ccor OF best promoting the jects which
both profess to aim. Shcll i anticipation be realiz
ed, within little more than another year, the commu-
ncaon may be completed TO the mouth o! the Sheuan-
doah, and the vast resources OF the fertile REGION
tered by that river, contribute their aid in swelling
advantages, which this enterprise promises to confer
upon the Community, and in augmenng the profits OF
those who have invested their property in it, funds
Assisted by experience and encoura aged by success
diiiiultes which will remain in the way OF the com
pleton of the Eastern Section of the Canal, will soon
be compelled yield TO well-directpd and skillIlly
| conducted enterprise.
The Committee believe, that a careful examination OF
the present situation of the Company, and the extent of
it, progress, will justify the belief ,hat there has never
existed period which furnished many, and we'll
grounded reasons Tor entire confidence in the result of
this experiment The actual conquest which has be
achieved, obstacles which all admitted TO I've gil
ganc, has afforded satisfactory data upon which to o..
welI-assured belief that the ability and zeal
which have thus FAR proved successful may safely con-
duct us 10 the iermn alton o! our design.
The Committee has had under il. Consideration the
resolution which specially referred 10 il, relating
10 the appointment Of superintendent of the works Of
the Canal. Information has been sought and obtained
uron the subject, which has ed TO the Committee
enIied TO great attention, aud which has gone far TO
| satisfy the Committee oil the utility OF such an oficer
but The President aud Directors are invested " i'm
ample power the subject and fully competent
It's decision, the Committee will ref ain from doing
more than recommending to the Board TO consider
~he ber the general interests OF the Company would
moi he promoted, aud the convenience OF those who
in ts employ ncrea'ed by tn appointment OF such
officer is Indicated in the resolution referred TO
with distinct specification OF powers and Of his du
ties.
The General Committee apprehensve that their res
oluon, submitted the ing OF the Stockholders
the 10 inst, may admit OF misapprehension and
eceive construction foreign to that which they con-
emplaed, beg leave 10 remark that they were OF opin-
ion that under the nsfucions already gwen bv the
Stockholders, 10 the President and Dire :ors the Board
authorized and empowered TO obtain the assent of
the Legislatures Of the various States, interested in tie
AXE and Ohio Canal Company, and Of the Con
rress of the u. States, 10 such sltera, on CT the
Chatter Of said Company, ne would authorize the com
mencement CT the Western Section OF said Canal, be-
fore the completion OF the Eastern Section and 10 az
certain from EN-, and from the Executive of the IT,
States what aid will be afforded, either through The
Army Of the Union, in the mode recommen ded by a
highly respectable number OF members of Congress,
in their letter 10 the President Of the u. States, which
has teen submitted 10 the Stockholders, and a copy OF
which is heIeunto annexed, In aDy other form which
may be deemed expedieut in the prosecution of said
work.
The Committee beg leave, in conclusion, 10 recon.
nd to the meeting, that in pursuance OF the proVi-
ens contained in the 9th section of the Charter OF the
Company, the Pre- iden and Directors having made re-
nd of all