Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1830-02-16


out the special agreement Of the stockholders ex-
pressed IN general meeting. called to consider the
expectancy thereof or In Of the annual meetings
of the company
The resolutions thus submitted were mot acted on
at that time, but were held under atlvsement until
the meeting, which took place on the Goth of Sent
ioi'owng. AT Tins last meeting. Mr.. Speaker, the
resolution Which have just read. was again brou uht
under consideration, when it encountered the oppo-
sitions Gen. John Mason of Georgetown a yerv elo
Suent and influential gentleman of that place. who
moved 10 postpone the consideration of the to
the general annual meeting in June next. have
noticed these proceedings Of the company Mr.. Spea-
FER, Tor the purpose OF showing, think they do
most concusiveiy shew, that the amendments con-
tanned In the BILL to the charter of the canal compa
NY. are desired by the stockholders.
| The gentleman from II. has told you sir that this
meeting was saauH one. phatthe u States, own
ing million of stock was not there-Sir IS Tho
vglant officer of the Federal Government. who IA
chdrged with the duty of representing the stock of
the u S. was not there, not the inference irresis
tiDle that nc meant to acquiesce? Can any rational
man entertain doubt, that If that officer had been
opposed to the resolution, with certain knowledu1.
several months before hand, that the subject would
be acted on, that he would have been present at
the meetifs: ST. the contrary supposition is alb
surd IN the extreme. But the gentleman from =,
proposes TO take from tho stockholders the rinht to
adjust the terms by which the dividends arisips from
their stock, shall be distributed among themselves
Sir, the gentleman from F., is the last man in this
house, from whom expected to hear this ruun,ent
Was this the doctrine of the gentleman in the late
discussion Of the Bank Question? Sir ifI am capa-
PIE OF understanding an argument, and certainly
listened to the genteaan with close attention, the
gentleman from p, laboured to convince this FIouse
that the Bank should oe allowed to manage its own
concerns. How stands the Mr.. S? The Com
rnonWealth of Virginia, is the owner OF moro than
one third of the capital stock of that Bank and vet
the gentleman over and over again. has told you-let
the Bank alone, she knows her own concerns best
but SIR "hen we ask you to permit the stockholders
OF the Canal Company TO manage their affairs, the
gentleman from F., tells you-by no means-the
Legislature of Virginia must do it for tbenn.-- W hat
sir, the Legislature of Virginia, owning the paltry
sum OF ABOUT 81 600 dollars, in n company, with q
capital OF millions, ged in the naenific ent en-
terprZe, OF cutting Canal from Washington to
Cumberland, and asking such modification OF her
as oy enabling her to acquire the funds, will
continue the same from thence to Pittshure? Sir.
che proposition of the gentleman falls by bis own ar
guments. Mr.. Speaker, affirm that if the amend
ments proposed by the gentleman from u, shall pre-
VAIL it viii be utterly useless to invite subscriotions
of stock to the western section Of the canal for not
one dollar will be subscribed such terms--I trust
SIR they VIII not prevail ana that the bill will not be
postponed.
The gentleman from Prince Geornr in his o,no
s!tion to THIS bill has thought proper to introduce TO
the notice OF this House the worthy individual who
presldes over this company. I have the honour of
S,itnent and representative. The gentleman from
+. G tells you that he is cunning and desinninr
man. that ne is visionary, &C. Sir, ifhe gentleman
cannot perceive in the public services OF Chas &.
|
misfortune got the fault of the gentleman from Prince
G Sir, the individual alluded to may be visionary.
Tor ne has conceived the possibility of surmeunting
the lofty Allegheny and of minpliDa the waters ~
the OHIO and the Chesapeake Ray-but sir. he could
never imagine the possibility Of communicating per-
spcacy to the gentleman from P Georpe Sir. I
ave hhrked with attention the course Of the gentle
uah IN TINS House, and altho he may be very ami
able man. ne never can have the capacity to under
stanS Chas F. Mercer. Impossible sir-uttesly i'm
possible. de tells you sir that this is scheme to
md tl,t,f
on TO subscribe money And suppose you are sir
does follow that you TO give it? Vill not sue
ceedng Legislatures be competent to refuss or 10
give as Is the present?
Mr. NJ Cabe protested pain.t the upf,;,ness of at
tempting TO defeat great public measure by direct
ing the prejudice which may happen to exist against
one OF Its otlears 90 the nsttutio-and called on the
House to consider the bill upon it's oyn Qualities.
dinghy. :" 1'eoi
Mr. Rtves of p. G., in reply, said he had the same
man from Loudoun, (Mr. 6rCabe) He was a
s.iaignt,iorward man. pretending to great per
splGacity and generally speaking what he thou rht.
harsh hoped the House would sustain very
meoe although indeed, with bis friend from Loudonn he
LED WITH the amendment of the gentleman from Frederick
] and Ohio canal he remarked was an en-
zens OF largo and important Of the
were deeply and vitality interested was the only improve
en upon an enlarged SCALE least which they
"a 10 derive certain and permanent benefit 1t had so far en-
many and perplexng embarramen,s from sources
700 rom winch had right expect kindler e. more friend
n Treatment . 10 The nepent stages of the enterprise and
ce, Mey nad solicited aid from Virginia. This State had
psePernSy refused to recognise claims upon her
~ INC and had treated scheme visionary and foreign
III @ OF heI citizens 1t had far triumphed over
al and bid fair realize the favorable
us trends 1t had tunphed ,oo without the aid of Vir
Sya M, opea inc spirit OF opposition the enterprise
o' So great IN this body, convert her former i'm
esTs 1 h aoys hostility and to ssuee her psrpe and
eed by every consideration justice 10 her citizens ~
ton Of foreigners. " " ~ o'dhy vi sPecna-
,e amendment of the Senate lie bad TO objection
was appended he presumed thro' abundant caution He
unnecessary, although penicious He could moi
as mus idvoiacy OF the amendments gentleman rom
re considered the propositions of that gentleman
49,. -, tnat true community, and entirety of teres,
aI ou chatacterIse the two that n,porrn,
' as to defeat the very object of the memorial
mr., -aason Of Fred, who said that as the amendment
OF the Senate in his belief would attain the chief end