Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1841-04-08
CHESAPEAKE & onLo CANAL.

The friends Of this great work Of internal i'm
proveuent viii be graldiod to learn that brighte
day has dawned upon its prospects. We believe +.
to be true and almost as notorious as true, thar
those having charge Of it for the last two years.
have been not only incompetent and incapable
of directing ts operations, but have deliberate
" thrown out Of view the grand design Of the work
md directed their action the support of the Var
Buren, party, by a prostitution of the funds, and the
influence and the patronage Of the board of directors
10 thar purpose. 1t is known, that the Maryland
Legislature took upon themselves the appoint
nent of representatives of the State stock with j
view to a thorough reform in the government Of the
Company. We subjoin a notice from the Nationo
Intellgencer, Of the late meeting Of the stockhod-
eFs, from which it appears, that the late politca
lhqGis;iors hav. been superseded by board Of d.
Ieetors composed oil faithful, practical intelligent
men.
We understand that the Stockholders Of thi
company assembled in general meeting at Frede-
rick, on Thursday last. under the coil lately mad,
by the General Assembly Of Maryland, and that, al
ter brief exan.nation into tho affairs Of the com
pany, the President and Directors then 10 commits
sion were removed from office by the undivided vote
oE the meeting. The Stockholders then unan
mously elected the following gentlemen to be Pre-
sident and Directors for the remainder OF the tern
for which the late board was elected
MICHAEL c. SPRlGG, President
Directors.
FRIsBY TueHMAN, DANIEL DuRKHARr,
JoHN r. DALI, JAMES NJ. CoALE,
JoHS o. WHARTON, JoHN p INGLR.
At this meeting nearly seveu-eghi.s of the entire
stock ct Tho company was represented.
Resolutions were passed by the Stockholders ex-
pressing their strong disapprobaton OF the active
Interference the part of officers OF the compan,
in pnty politics. copy of which We will endea
vor to procure Tor publication.
The Legislature OF Maryland a, its late Session
have passad bill providing tor the completion Of
the Canal to Cumberland. The only detail of it,
provisions thar have yet seen, is contained il
the following extract irom letter in the Baltimore
Patriot.
" Ira' the Bonds Of the State are not to he sold
under pari that until they can be sold the Compi-
~ may issue ITS notes or orders, formed On tn,
Bonds. of any denomination not under one dollar.
aud payable by tho Treasurer ost of the proceed,
At lhe Bonds and that the law is not 10 opetatt
usti conutcls shall have been made by the Com
papy aud approved by the Treasurer, 10y which 10,
work wll be- secured to be performed for the tw,
in,,huus. There err two further conditions, whicf
nfc 10 be fulfilled before the law to have effect
J. he four mining companies Of jennings aud
BrnlIock's Runs, are to give bond, with security
bic approyedby the Treasurer that they will hayr
val roads completed from their mines to the c anal
by the Time the Canal shall be completed to Cum
berland: 2dly. Any Two OF more of the mining
cnmDrIlps al 4 lrgaDy comfy la Give h,nd 4,
security to he approyed BY the Treasurer 70 pay liz.
State annually, for five years after SIX r1onths from
tie time Of completing the Canal TO Cumberland
the sum OF two bundled thousand dollars. The,
viii be- allowed Ia tolls thai amount 40 paid---ano
it the tolls Of iher transportation shall exceed TIN,
amount, they are nevertheless to pay the excess.
Is Tie last provision of the bill directs proceed
ings for f'reclosing the mortgage of the State or
the Canal"