Martinsburg gazette and public advertiser. [volume] (Martinsburg, Va. [W. Va.]) 1826-1833, 1832-08-09

,bis dav and re elected Charles Il. .Mcrcer.
and pbiasG JaRney, Walter Smah,
John J. .gbsrt, UIHidHI Price, .fndreag stet0
art. and Peter Lemon, Directors OF the Com
pany for the ensuing year.
The following resolutions were submitted
"a the consideration Of the meeting, and re-
Cerred TO the Committee to whom, on the
1Iib NJ Anrd last, was referred the resolu
t;on of the General Assembly of Maryland,
relative to the Joint construction OF the Che
sapeake and Ohio Canal and Baltimore and
Ohio Rail Road from the Point oil Rocks to
Whereas, this Company has been reques-
ted NV the Baltimore Rail Road Company to
fix uDoD some plan for the joint construction
of the Chesapeake and Ohio Canal and the
Rail Road, from the Point Of Rocks TO Har-
per's Ferry, which, from the nature OF the
ground, does not appear 10 US practicable
with safety TO both works, and whereas, two
such great and rival undertakings cannot be
carried on TO completion without greatly I'M.
pairing, if not completely destroying, the IN
terest of both; and we are moreover persuad
ed that every consideration of propriety and
interest lead the Baltimore Rail Road Com
many 10 unite with the Chesapeake and Ohio
Canal Company, in the magnificent and all
important work of completing the Canal TO
Cumberland, and thence to the waters OF the
Ohio-it is therefore
Resolped. That the Baltimore Rail Road
Company be Informed, that this Company Is
ready to treat with them for the union on
equitable principles of the two Companies
into one, for the construction of the Canal
from the Point of Rocks to Cumberland, and
thence to Ohio, with the privilege on the part
of the Baltimore Company to make a lateral
Canal from the Point OF Rocks, or some
Their TO be agreed upon. TO Baltimore; or for
them to depend upon a basin TO be there
formed and their Rail Road only for their
communica' y with the Chesapeake and O.
hio Canal.
Experience having demonstrated that the
early accomplishment Of an intercourse be-
tween The Chesapeake and Ohio, whether by
canals or Rail roads requires the resources OF
all lis friends IN enc common plan
Resolved as the sense Of thIs meeting, that
il is highly desirable that the Chesapeake and
Ohio Canal and Rail road Companies, instead
of appl, ing their means and efforts TO ditle
rent, and, in some respects, rival schemes,
should concentrate them on the common sub
ject of acknowledged and equal utility to the
respective interests affected by it.
That a Canal. il not the only practicable,
is unqnestionahly the cheapest mode Of trans
porting, FROM the waters OF The Ohio to those
Of the Atlantic, lumber and coal, the toll on
which will transcend those on all other ar
ticies
That, if the division of the resources oil
the two Companies should. by possibility.
have the effect of frustrating the Canal, and
the Rail Road should. as it probably would,
4
of)thcse articles, the apprehension of this re
suit must either defeat the Rail Road alto
gether, or, il Effected, vii! render almost to-
tally unproduciive the immense capital re
CURED for lis accomplishment; whereas,
should the Canal he speedily made from the
Point of Rocks to Cumberland, and as soon
thereafter as practicable to its Western ter
mination. every article Of comm Fre may be
transported down to the Point OF Rocks at
such an anticipated profit to the Company,
as at once TO insure the requisite funds, and
to render them productive; the more especi-
ally as, should the whole transportation be
by the Canal, and in part by the Rail Road,
such profit will be sure aud great. instead of
being as it might be in the contrary event,
precarious and tritiing.
That, considering the large subscriptions
made before the Rail Road was thought Of,
by the corporations and individuals OF the
District, amounting 10 about two millions Of
dollars, constituting more than tenth part
OF its entire property, and which, having
been principally borrowed, must, at no re
mote date, be repaid. and which until re-
paid, operates as annual tax of at least
enc hundred thousand dollars ANY mea
sures, which should operate either to frus
trate or impede the canal, or to shake public
confidence in its success aud productive
ness. would be, in the highest degree, not
merely prejudIcial to their permanent pros,
perty, by depriving them of the credit essen
tia TO raising the funds requisite to its com
pletion.
Reso}5ed, therefore, That the following
propositions, as best fitted to compromise.
on prlncip piles of justice and reciprocity, all
the interests involved, be submitted to the
Rail Road Company.
/. That the Rail Road for the present ter
inmate at the Point of Rocks
That the right of the Rail Road Compa-
ny TO extend the Road, after the completion
OF the Canal TO Cumberland, and subsequent
to the year 1870, be reserved
3, That, IN The mean time, the resources
OF the two Companies be united and directed
to the vigorous completion of the Canal to
Cumberland, and thence to the Ohio.
That the requisite legislative provisions
to carry this object into effect be applied for
by the two Compan MES
D. That dividends on the stocks of the two
Gompanies be made pro rata out Of The net
proceeds OF the tolls derived from the Canal
and Rail Road