Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1859-06-07

Sui " tHO hiot VI hrNptCuiDtl, LOU. bu-
ring that period it is hoped that the Coinpa-
Canal, to pay of all other claims, and to pre-
sent a reasonable prospect not only Of ex-
tinguishing the debt owing to the city, but
of realizing something for the stockholders.
The steady improvement i'll the condition of
the Chesapeake and Ohio Canal, as well as
in its trade, induces us to cherish this hope,
Notwithstanding the many disappointments
of the past.
The following proceedings Of the Directo-
ry of the Chesapeake and Ohio Canal Com
pany, is their latest action upon the subject
OF grants Of water power to be used upon our
Conal:
Whereas it is d desirable for the successful naviga-
ton of the Canal, and the maintenance of the wa
er-grants already made, or which shall hereafter
be made, on the Georgetown level Of tho Canal.
that the Dam at the Little Falls of the Potomac
should be thoroughly repaired and rendered fully
efficient: and it is understood that parties desiring
to lease water are willing 10 make advances for
that purpose,
Rssoired, That, in addition to the permanent
grants of power now existing IN said level,
Of | .2gJ inches. this Company will make permanent
grants TO the extent OF 200 inches, Inclusive OF
900 inches of water power now held under tempo
rary grants ut the pleasure of the Board,) subject
to NIL the conditions and Stipulations contained In
the printed form of lease, which do not conflict with
these resolutions. upon the following terms and
conditions =
lSt. That persons desiring water grants shall
pay a bonus of s. per inch, and an annual rent Of
S2.50 per inch for the first ten years. and OF ;"
annually for the subsequent ten years, payable
quarterly. when the lease will he renewed on the
terms of the printed form already adopted.
2ud. That said parties will advance TO the Com
pany. n it may he required, such sums "a The Chief
Engineer may deem requisite for the abo'e-named
Improvement. which. together with the bonus re-
ceived for water grants. shall be applied 10 repair
and make efficient Dam No. |.
Bird. That, for advances - made, interest will be
paid by the Company at the rate Of t. per cent per
annum; and that all the water rents accruing from
said additional water grants, he, and they ale
hereby pledged to the payment of the interest and
gradual eXtinguishment of SAID loans.
Eesoy,ed, That one-balf the above water-P"wer
be offered to the Alexandra Canal Company, aud
if they 10 not accept within 60 days, then the whole
water NAV be leased To parties in Gie0rgetown.
Adopted by the President and Directors OF the
Chesapeake anl Ohio canal Company, On the Sth
of April, 1872.
To the aforementioned bonus of 50 per
inch this Board have always strenuously oh-
iected, rs placing water privileges upon the
Alexandria Canal upon n less favorable foot
ing than the present grants at Georgetown,
and a. therefore repugnant Z" the existing
contract between the two Companies.
From al interview had by a committee al
this Board with the Board It of the chesapeake
and Ohio Canal Company, occasioned by the
above recited proceedings of that Board, II is
obvious that further grants of water power
c. ~. lh,.,,,t,u-n layal ,.onn,t hp Iy meet
ed, until Dam No. at the Little Falls. shall
be rebuilt, and the feeder enlarged, which
will cost about so 900. To raise this amount
the Company rely upon the bonu, OF - per
inch upon the Zoo additional inches of
water which will he AT their disposal when
the dam shall he rebuilt, and for the residue,
upon loans from parties leasing tn" water.
to be refunded. with interest, out OF the rents,
It is hoped that parties IN Alexandra Will.
bv making the required advance. secure at
once for that place one half of this addition
al water power. The security would seem
to be ample. and the benefit 10 the city OF the
EMPLOYMENT of this six hundred inches nt
power IN manufacturing. would be very
great. All which is respectfully submitted.
Il. JOHNSTON. President.
The report of the Examining Committee
was read by VIM. e.. leaton, rs follows, and
ON motion adopted and ordered 10 he printed
with the report of the President:
The committee Of examination appointed
at the last annual meeting of the Storkhold-
crs Of the Alexandria Canal Company, report
that they have examined the books and ac-
counts of the Company for the year ending
Nav !. 1850. and find them correctly kept,
and the disbursements generally made and
vouched for. Annexed is 4 statement, from
the books. of the receipts and expenditures
for the period referred Ia.
They further report, that that they exam
med the Canal from Alexandria to George
town. on the llth inst, and found it III cx-
ccllent condition throughout its entire length.
Since the last examination three new sub
%>tan,ial bridges have been built. one ut
Poor House Lane, one at Hunters. and the
other ut the Locks. They found the .Aqur-
duet in good repair, the leakage being less
than uSual-and are uf tie opinion that 1t
will stand for years to come.
Benz. BARTON, for the Committee.
May 81, 1850. .
Reccipi. and Expenditures ej' 'hc Ai"r""dri" canal