Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1833-07-04
chesapeake = OAse CEN


GWe9UfbeOke ~ O0tO CS09Wts
Prom the Bais,ssre .5ssutcaa, Jsss ~
The Fifth Annual Report of the presidenr
and Dircctors OF the Chesapeake aud Ohio
Cansnl Company, occupies one entire page OF
the ample sheet Of the National Intslligeocer
OF yestcsday. II is nm important and valuable
document, bat entirely too long for re-Publi
cation In this payer. We can only furnish an
abstract OF ITS principal statements - 20 the
progress Of the work, its condition and pros
poets, and the finances Of the company.
The prevalence OF the cholera in the val
ley of the Potomac during last summer re-
taf,ied the works, but notwithstanding that
obstruction the most costly part Of the new
line above Iiarper>Ferry,( Il miles in lengthy
has been completed, bringing % miles
moro into use, which were formerly without
water, so that by the first Of July boats NAV
enter the canal from the bed Of the Potomac
above Hsrpers.Ferry falls, or from the She
uandoab, in the midst of them. The works
above the falls have proceeded with like dill.
gcnee.
The force employed on this part averaged,
for the 5 weeks preceding the 18th May, p 700
laborcrs, 655 horses, mules, and oxen, and the
powder employed in blasting rocks, :, 900
pounds q week. Tho entire force on the Ca
nal, for the same period, was 4,46O laborers,
weekly consumption Of 10000 pounds OF gun
powder.
The work done since the first Of May, 1892,
has cost col 5,3ll 80, Of which s753,0l9 &c
was expended above the Point of Rocks, aud
81 G., 1879 63 below. of the latter sum 49,
107 Is was expended in the city Of Washing
ton, and Sol .22O ~ at the Little Falls dams.
This excludes cost Of superintendent, land
purchases, condemnations and incidental ex-
penscs.
The amount necessary 10 be done before
the LIST of October next, in order TO fulfil the
contracts and complete the line Of l02 miles
Of canal and IL miles Of still water nariga-
ton, the report states in the following form,
dating from the LIST Of May last AttLat time
there remained To be done,
For the line Of CANA, in Washington, sII,7lO Isl
For that between the Point OF Rocks
and the head Of Harpers-fery
falls, isis 90
For that aSove these falls, and below
the ferry at Shcphcr,lstowp, ineiu-
sive Of the lock Just let, 1857 90
And for that above Shcpherdstovn 5I3,y5s 221
Mskingthe total amount, s7O2,sI5 5I4
Some Of these are stated as incidental
works, the construction Of which may be de-
ferred.
To this sum must be added SO, 500 for
compliance with the conditions Of the yir-
GINA subscription. The board has determined
to transfer the locks above, TO q point below,
and increase the canal four miles, diminish
ing the still water navigation that much and
thus add 500, 0c0 10 the cost of the canal
These sums 100000 and L., 500 added to
the aggregate above, give ssl5.3l5 81 as the
estimated expenditures to be made between the
LIST May last and the LIST Of October next, TO
fulfil the contract. Nearly the whole line be-
low shepherdstown will be finished by the
LIST OF August, and the report anticipates that
concentration OF all the force on the line
above that point, would finish il in due time.
The amount Of expenditures for the year
ending May LIST ult was 1891 ,392 "a in the
following proportions: for construction, S75l,-
513 - engineer department, Sl9,i53 30;
pay OF officers, S6,935 so; lands s27, 655 20,
besides incidental expenses. A large amount,
not Included IN the above, is retained by con-
tracts as security for diligence and fidelity in
the contractors.
The sums required from May first to Oc-
tober first, are stated rs follows The esti-
mate Of construction as stated above, is ssI5.-
35l, which, added TO the retained amount
due contractors, is exclusive Of April estimate
and the retained money Of tie month Of MAY,
&c. s900,DC0
To which add for these items, engi-
neer allowances, expenses, &c. $1,000 OO
Total sum required 1,IO6, 600 %
To meet this the resources are
Cash, sos, $50 62
Cnsalied for and uneolleete,i stock 6i6, 57I %
Amount TO be received from the rail
road company, above the cost Of
graduating road, BIC. 10000 90
$i,295, iOI 81
The report thus shows a surplus Of $685.
600, after completing III miles OF canal and
still water navigation. Upon the faith OF this
surplus, considering it applicable to the ex-