The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1859-06-27
The Canal.

The report by the managers of their adj
ministration of the canal, since it came into
their hands on the first of April, was very
satisfactory to the meeting of subscribers on
Friday evening. twenty-five per cent. of
the subscription had been called on, and
the greater part Of it had been promptly
paid. From this source about 50, 800 had
been realized. During the six weeks in the
months of April and May, for which time
only was fhe canal at Ill passable-the tolls
received amounted to over Sl,15O. Con-
sidering that these receipts were at a season
when there was no produce to move, and
only very small local business upon the
line, they are very encouraging. The high
est amount Of tolls collected between Terre
Haute and Evansville in any one year. was
$4,000. The receipt of $500 per month
on one-half the line, at the dullest season,
at time the canal was in very imperfect
order, with less than two feet water on the
summit levels, encourages the managers to
hope for great improvement in the bust
ness of the canal, and leads them to believe
that it will be more than self-suStaining
enterprise.
The amount expended for superintend-
ence, labor, and repairs, during April and
May, was about $1,000, nearly 81 900 of
which was paid out on TIE break at DON
COLA, that existed at the time of the trans
fer, and was caused by the neglect of the for
mer administration.
On the first of June there were available
means-subject no the order of the Mana
gers, including about $500, the amount un-
paid on the first call upon the subscribers
TO the amount of nearly So, 900, to be appro-
priated to repairs now in progress. A con-
tract has been made for the improvement of
Pigeon Summit and docking its banks, for
500 less than the first estimate, and il is
calculated that this important work can be
done for about 50, 800. The improvement
of Patoka Summit will cost but few hun
dred dollars. The repairs Of the aqueduct
AT White river have been nearly completed,
and when done will render that aqueduct
strong and safe for many years 10 come In
drawing water from the summit TO ill the
lower levels near Evansville, nearly half of
the water has been wasted, by numerous
leaks that have existed for years, through
neglect, along its banks for the distance OF
sixty miles. These have been stopped. and
a better stage of water will be maintain
hereafter on the lower section. The timber
Tor the repair Of Pigeon Summit is upon the
ground, and the work will be commenced
immediately and finished in three OF four
weeks.
Before the new crop is ready Tor tganspor-
t5tion, the canal will be ia complete order,
and IN a better condition than it ever was
before. If confidence can be established in
its navigation, with an abundant har, ct ~
he transported, the managers believe it can
nc made to pay more than the expenses of
its maintenance, this year, and before the
expiration of the four years lease it will,
besides yielding the means OF making i'm
pOrtsnt permanent Improvements in the
work, 1t will repay the subscribers the
amount OF their contributions, with interest
The report of the managers appeared TO give
entire satisfaction to the meeting, which
passed q resolution approving the expendi-
lures made, and requesting the Trustees to
audit and pay the accounts