Daily Richmond Whig. [volume] (Richmond, Va.) 1828-1831, 1830-02-15

they should begin at tide water and dig w,,.twarly.
the canal a,ter Certain extension would thus pay
toll as 1t advanced:-and further, because If they
begin OH bath sections ut once public confidence
would be discouraged at least suspended until It
was nscertaincd whether the Allegheny mountain
could be passed by n canal, &c; and n he rerem-
oeteu correctly the member from Brooke acQuiesced
IN oh views. He lnstaneed this, TO show that the
part OF the charter now TO DO amended had been
provided after much deliberaiion.
Mr. NJ said farther, that if the bill was TO PASS il
ought, he Thought, to take the amendments he PRO-
posed along with that cngraflc by the Senate. The
amendment OF the Senate prohibits the expenditure
oi any part of the money now subscribed, upon the
western section, should That section be commenced
re thought, without such provision, the law would
De IN bad faith to the stockholders who had subscribed
under the chatter as 1t now stocd-tEpugh he moan,
to lmpue no bad faith TO the company.
ne IA amendment provides, that until the western
section shall be connected with the eastern, sub
scrbers 10 this western stock shoud not be entitled
to participate IN dividends derived from tie eastern
section. lie thought this was but light.
The I'D amendment provides that the law should
nave no effect until approved BY 5ths Of the stock
holders at stated meeting. lie thought this n ne.
ceSSary guard, IN so material alteration of the
charter as that proposed by the b.. aud the more
especially, as appeared from The p.Inted report of
the proceedings OF the company THAI of the whole
stock subscribed, (SlG0Q600) the United States
owning 5 lO00,0o0, and the State OF Virginia owning
S5l 1000, was not represented III the meeting which
instructed the directors make this Application To
amend the charter
In reply to MIR. Edgingtor, M. IL. said tina, he
~ no means meant To- IN kc this eastern aud west.
ern question: or to array tho onc against the other
The gentleman did him inius ice il he supposed So
Those interests IN this great work were and QUO hi To
remain united He hoped that the western section
night be found practicable lie did not mean to
doub IT. But that, In SO far Tho eastern section
was one of great to Virginia. (ruuninp AS IL
dbl along her whole Potomac boundary, from tide
water 70 the Allegheny mountan) he thought II bait
policy IN her to leopard'zc that. by any premature
commencement of the western section. The fund
even row subscribed, was inadequate to reach the
town OF Cumberland. as he approhended far less he
Alleghapy and in his opinion NIL our Efforts should
nc dnected to the eastern section until il WINS COM
pleted Ihis eastern section would in itself be of
great moment 10 that part Of the Srate-whereas
The western would be Of value until the eastern
was complete
The western section, it was estimated, would cost
S8'o+8,673. And ifihc Allegheny was pic, ced by
tunnel, that alone of but four miles in ex,ent was
estimated to cost Sl,6IO,82I. And by the same
estimate, thirteen years would be required to ma ke
the tunnel. Under these facts he thought that the
western section. if now commeuccd, might (withou,
the guards provided by the amendments lie pToposc6N
prel'dlcc the eastern Experimentation them he
thought the bill might have a nisc!ievols eject.
In further reply Mr.. NJ. said, he should much re-
greet, II hls intercourse personal and political with
dr Edgington should not exempt him from s,lspi-
cion that he could be actuatcd by any views OF mar
row or local policy in regard to this measure MIR
hdgngion here dlsclamed any such meaning. He
III
served by the successful prosecutions of the eastern
cana!-when completed, the tide water of the po,o-
mac would thus be brought, as il were TO the foot
OF the ALLEGHENY; and every lnduccment which such
success would offer, would impel the west to such
come ciion Until this was done lcrislale IA we
might, he did not believe that either the Slate of
Fennsyivana or Ohio, any of our western citizens
would subscribe TO commence the western section in
advance
Mr.. " Cabe said he was against the amendments
proposed 10 the bill by the gentleman from FEEDER
ck7-shouId they prevail, he persuaded they
viii eifectuay, defeat the objects desired bv be
friends of The bill, as would the proposition To- nos
pone indefinitely and if they DO prevail, ne wond
unite with the gentleman from Prince George in sun
port OF that motion. Allow me mr. Speaker, (sad
MIR NC to present my views of 4he merits of thus
question The report of the President of The
Chesapeake and Ohio canal company read at n ron
eral meeting, on the LIST day of June 1920 pare 10
states, 1.-The condition attached TO he act Of Penn
syIvanIa Incorporating the Chcsnpcake and Ohio IN.
nal company, requires that any subscrption made bv
the u States, the stock Of the conipany shall he
equally divided bew the eastern and western sec
lions OF the canal, &c" To this stipulation, as IT
regards the company, inconvcnicrf the erisla-
ture OF Pennsylvania, pertnacously adheres sItho'
repeatedly mcmoralizcd 10 the CONTRARY. TO RENE
dy this Inconvenience, and in perfect rood faith as
II regards the accomplishment of the great enter
prize, which they DESTROYS of cfrectino. tho
stockholders have made their application for ibo n
mendments TO their charter, contained in that bill
In accordance with these views, Mr.. Speaker al
al adojourned meeting held on the 9th day Of the
same month the resolution which beg leave 70 road
was among others by order of the President and Di
recters submitted for consideration.
''And be 1t further resolved that The President and
directors TO he instructed to ask The State Of Penn
syVaBIa and the Congress Of the o. s. for s,Ibscrip
lions OF stock to tile chesapeake and Ohio canal with
view TO tire commencement Of the western section
thereof and OF the former, such further aid to the
same object, ms in their wisdom, they may deem il
cSpcdien 10 afford; and that the said President and
Directors obtain from the several parties TO the char
ter OF the company, snch n modification thereof. ne
my authorize them, with such funds and aids as ma
DC required for that purpose, to commence the Yves
tern section OF the Chesapeake and Ohio canal be.
zero the completion Of the eastern section thereof
provided that such commencement be not insde with
out the special agreement bf the Stockholders. cx
presscdIn n general meeting, called to consider the
oxpedlency thereof, in Of the annual meetings
Of the company"
The resolutions TINS submitted orc moi acted on
az that time but were held under advisement notil
Tho meeting, which took place on the 2qfh IF eent