Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1858-02-18
The Chesapeake and Ohio Canal.

"
The most important measure introduced 10
the Maryland Legislature, Is that relating 10
the Chesapeake and Ohio Canal, IN respect
TO which there are various propOsitl2ns penn
ing which it may be necessary 10 explain
The uf ,irs OF this company seem TO nave
reached q crisis. whea something decisive
must be done. The bill in the Senate has a
limited object. 1t is intended to furnish the
means to put the Canal ii good order and u
secure 60 the labUrers and capitalists whose
labors and exe.tiOns extended the Cana 70
Cumb, rlaud, the payment OF their debts
against the Canal, So tar a. the property VI
the company can effect tat object.
IL is not supposed that this measure, which
appears equitable. will be Contested to any
extent. 10 the House OF Delegates, Mr.. Nil
gour has organized a committee. consisting
OF one member from each cJunty, ana the
city Of B fillmore, upon leave asked by h'm'
on a measure to lease the canal, and upon
which there viii probably lie a struggle, IT,
asmucn as il involves the government OF ihe
canal company. One class Of capitalists ask
for "A lease uf the SAFES interest IN the Work,
and another class are for au absolute sale OF
said interest.
1t is well known, the late has an ~
terest as d creditor AID al-O a. a stotkhol1er,
but it Is not considered If much value. Inc
stock Of the State. however, Is the bone OF
contention, for the reasons that Whichever
party obtains an assignment Ol 1t Will gov
ern the canal to suit their own interests OF
course. Oae Of the principal mining com
panies OF Allegahy county ID making ao
IL - = -. .,,,I ,,p,1. 81 M. S-urn
which, il is thought, will perhaps give that
company an advantage over rival coal com
panles, and enable it 20 Influence to II great
extent the whole agricultural interest which
the canal was intended to promote. For this
reason, it IL understood that other coal com
panies will be in the field, and the struggle
that ir expected t. cOme Oh between tue
black giants Of our own mountain regions,
will De interesting 20 outsiders. The prefer
red bondhoiders are making an effort to Sc
cure their large advances III case the State
parts with it, interest and control over
the work. Tugy are making great com
plants and 0p pJsitiOn to the disposal OF
the States inter st without attOrdIng them
some security, such as was c)ntempIated cy
the act of 1872, which independent, 1t Is as
serted, of aUy suggestIuns from parties inter
estejJ authorized It's sale by the State treas
urer, and which provided that before any
transfer of the States interest in said work
should take place, the payment OF the debt to
the holders of scrip and ether creditors
should bs secured in proper torm." Tue bill
before the Senate provides lOr tais OlJect, and
the parties interested and urging It's passage
are demonstrating against the lease OF sale Oh
the States interest IN the canal without Sc
curing to them the large means advanced by
them ION the faith Of the States continued
control to effect the completion IF said ca
nal, and without which all previous expcndi-
lures would have c ntlnued vaiueie's.--AH
ndyoiiS Corr. Of Bah. Nun.