Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1834-06-20
ALEXANDRIA:
FRIDAY MORNING, JUNE 20, 1884.

FRIDAY MORNING, JUNE co. 1884
We have been favored with a copy of the Re-
port of the President of the Chesapeake and
Ohio Canal Company, presented to the general
meeting on the I'd inst.
We much regret the Responding tone in which
the President speaks of the prospects of the
Company and are of opinion that report con-
sonant with truth might have been made with
rather less lugubrious aspect.
We are, we confess grati6ed from hasty ex-
animation of the report and accompanying &C
counts, in finding that the Corporation of our
town is, as to the Canal Company, entirely
clear of all liabilities, having paid up the full
amount of its subscription of quarter of
million of dollars.
This we think creditable to our town, and we
take pleasure in stating the circumstance. We
have also been informed of some facts, in rela-
ton to this business, which have given us great
satisfaction
For the whole term Of about five years since
poration has levied tax for the amount of in
terest; and we speak advisedly when we say,
that, without exception, the interest on this loan,
as well as other demands on our Treasury,
have been paid on the day they were due, or
when demanded.
The credit of our Corporation due bills has
been sustained, and we are now reaping the
just fruits of that credt-they circulate through
the adjacent counties without hesitation, and
are paid on presentation; and, though it may be
a little hard to be compelled to retain them
when in such credit we feel satisfied that, should
the bill reported by the District Committee pass
into law, that they will be retired fifth an
nually, directed by that bill, till they are ex-
tingushed.
These considerations, therefore, are to us en-
couraging; and should these great works in
which we are engaged be carried on to COM
pletion, and the trade be any thing like what is
anticipated, we shall yet, we trust, see brighter
prospects and more prosperous times-when
our people shall be relieved from the burthens
which unquestionably now weigh very heavily
upon them.
That they both will eventually be finished, we
have no doubt and we cannot but believe that
the present Congress, although they have a
short time to get through great mass of bust
ness, will now lend both works helping hand
With respect to the great work,-when it is
recollected that the people, who are placed un-
der the peculiar guardianship Of Congress, have
in their corporate and individual capacities in
vested in this work nearly two millions of dol
lars, and the United States has another million,
Ito say nothing of the subscriptions of the
neighborng States;-and that unless aid be ex-
tended to the work, so as to enable it to 90 on
this season, that the whole may, if not lost, be
left nearly useless, at least unproductve and
that, when extended to Cumberland, the whole
expenditure Of four millions will be rendered
proftable-we say we do not believe, when
these matters are taken into view, that Congress
can possibly resist the force Of them, or re.
fuse to pass the bill now before the House of
Representatives authorising further subscrip-
ton of million Of dollars.
With respect to our lateral work-we have
strong claims, as was very forcibly and Justly
stated by our friends in "Committee of the
Whole" not on the liberality alone of Con-
gress, but on their justice; and these views, we
are sure, will be further urged by some of the
many efficient and jealous friends we have
there-frends who, by their earnest support of
the measure, have earned the lasting gratitude
Of our people.