Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1845-05-03

keep pace with the demand to whatever magnitude Il may
increase as the proper facilities Of are
orded During the past year, life enterprise appear
to have manifested themselves in the Cumberland region
Within the range Of which we have before spoken numerous
mines have already opened ncopoled Companies Of
large capital private partnership, and individuals all Of whom
are now preparing for vigorous operations The railroad
which is to the mines with the basin Of the at
Cumberland has already been completed another is under
contract and in contemplation which viii be finish
ed next year. These roads, the longest Of which will
exceed ten miles, will bring the products Of the various mines
to the basin of the canal at Cumberland and om thence they
will be transported on its smooth surface market Accord
ing to the present tariff the toll the transportation of
from Cumberland to Georgetown is dollar per twill
be perceived that in the foregoing enumeration have main
y confined ourselves consideration of the descending trade
Of the canal The ascending will of consist of those
ordinary supplies which pass from the seaboad the interior
We have thus presented brief outline Of the canal and
indicated the prominent of its expected
trade Having done this think have given good rea-
sons the made early part Of this communica-
on that bonds that be issued under the law
being preferred and absolute liens upon the entire Of
the Company, will be Of the best and safest Investments
Of the day
In addition to the laws of which have hereinbefore
spoken and which are submitted for your acceptance
we also oDaned tne oI
important for the prevention of injuries to the canal and
works. guard against frauds upon and faci
tate generally the enforcement Of the police regulations Of the
Company This hw requiring the Of the stock
holders is not presented you form; but we deemed it
worthy of being mentioned this time of interest
In connexion with the other laws perfecs sysson
of measures 1t clothes the Company with ample powers
protect and defend whilst the others enable press onward
to its present destinations and complete the magnificent inn
which has long been retarded for want Of such aid
Our present position therefore, subject of congntuaon
With ample provision for the completion of the Chesapeake
and Ohio Canal TO Cumberland with responsible parties viii
ling and ready and deliver the guaranty required by
the third section Of the to give efficacy to that provision
and with confident reliance upon the cordial cooperation of
those whose sanction and approval necessary perfect
such guaranty and Of the other proceedings under the
law we have every ectae ourselves on the
pect of speedy termination Of the long probation which this
Company has been compelled to endure And among the
numerous of qualification which will arise from con-
temptation Of the future in just expectations in this
behalf be realized the least will be the conviction that at
an early period after the navigation shall have been opened to
Cumberland the State of Maryland will derive substantial
turns from her large investments in this work The shadow
that has recently been thrown her honored from
the pillar of debt has been built up from her contributions
to this Company and burden of that debt must continue
to bear heavily upon her patriotic people until relief brought
| TO them from the revenues Of the canal.
It will be observed that in the present communication we
have confined ourselves exclusively the special objects for
which this meeting called and to the consideration OF
matters apperanng thereto AT the regular annual meeting
Of the stockholders June next will make usual re-
mort in regard to the general the Company during
the past yea By order Of the Board
i JAMES M. COALE,
i President of the Ches and Ohio Canal Company.