Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1859-02-02
WHOLE NO. 99O6.


and the right 10 collect Tolls. The 25th
Seen. Of the Charter provides, that 'if the
shall fail for Twelve months,
at ony one time, 10 keep the same in re-
pair, then The said corporation shall thence
forth forever cease, and their charter be
forfeited" This Section undoubledly
treats The canal as 4 whole, and the allow
ance of any material portion of it to be
out of repair, for a period Of twelve
months, would unquesiionably work fer
feiiure Of The charter. The proper mode
# taking advantage Of This forfeiture,
would be by a qae scarronto, instituted by
The offlcers of Gov ernmenf; and it may be
questioned whether any advantage would
be taken of il by inivi6uals, but this is i'm
material as the charter would be haz-
arded, and the complains Of those inter-
es'fd would be very likely 10 secure
lrgal investigation, which would result
disastrou>ly 10 the company.
Very RESPECTFULLY,
Signedl REUBEN HITCHCOCK.
On receipt of Judge Hilchcock's legal
opinion, contained in the foregoing, the
Board passed Ihe following Resolution:
Reso gcd, That the President and
Messrs. Port & Hoffman, be appo Mt d
committee To obtain statistics, present
and continuing, repairs and expenses Of
! mainta lining that portion OF the canal ly-
ny between Warren and Akron, aud
aiistics as to The probable business and
| income hereafter upon that part, and ascer
tain whether that portion can be sustained
without loss to The Company, and to report
their Fl ding and conclusions at the nfxt
meeting, and re2ora as to-Ihe propr;ety OF
Peliiioning to the legislatures of OLD
and Penn>y ylyania TO grant the Company
authority 10 abandon that part Of The
Canal.
), AS 10 the future of The Pa. g. o. Canal,
we still believe if it can be sustained sor
ay'rS few years, when the fnaRcial diff
! ficul'i-s of the cIuEiry are improved, an1
the Rail Road obtain an eastern outlet, by
which il can DO carrying from beyond II Q
Mahnning Valley more prn6, blV than the
+ coal carrying, our canal will again r,su.re
II, when We expect TO see exhibited more
favorable balance sheet.
From published statements in papers, il
: appears that the Public Works OF Ohio
2 AL short of paving expen>es, sixty FIVE
e thousand dollars, aud over. Although
4 our nett revenue il small. il compares
4 v'ry favoFab y with the States Works,
particularly as they are, or ought be, in
first rate order, judging from the large
amount'lhat has every year been expend-
o ed; whereas, our work is old and d.mucn
, oUt Of r. pair-lhe States does not pay, but
runs under, ours does not run under, but
pays; the reason is obvious, our canal
e charges partly reInunerating tolls, and
p every department is managed With the
4 utmost economy.
i, The valley Of the Mahoning has such
an abundance of coal, free from sui lphur,
' with Iron Ore of ihe7Black Band quail
; iiy IN many mines, undertaking lhe'coal,
and limestone in close proximity, that it
? hardly admits of doubt that il Wiu take
the lead in Iron manufacturing in the
West, particularly as the Iron produced
, using but small percentage of Lake
r Superior ore, (Which is brough, al low
4 rites by return boats,) is equal If not
superior 10 any found in the western mar
> keis. Such is the view lha, Iron masters
take Of the location. In addition 10 the
\ many Furnaces and Rolling Mills now in
? operation, quiie a number will be erected
the coming season. With Ibis state Of
facts, do We hazard much IN saving The
5 alahohing Valley is destined, and that be-
( tore long, TO take Inc lead of iron manu-
2 featuring in the West. Il appears to us,
with the return of better times, when all
p the Furnaces shall be once more in full
blast, and the demand for her inexhadSi-
. Bile coal mines shall have increased 10
what il was few years ago, the carrying
/ for the Mahoning Valley will make lran-
sit lines remrnerative.
Rv order of the Bo1rd.
CHARLES SMITH, Pres't.