Evening star. [volume] (Washington, D.C.) 1854-1972, 1866-11-22

Meeting of she Corperasors Of the Che,a-
peake and Potomac Tide Water Canal
company. a-...
lNrEnEsTINE REPORT oF rHg yserNErR-rRE
ROUTES PROPOSED.
meeting Of the corporators Of the Chesa-
peake Bay aud Potomac River Tide Water
Canal Company was held ~ noon to-day a;
the banking bonse of Jay Coohe & %, al
which were present Messrs. Cooke, Needadm,
and Higgins.
In the absence OF the President and Secre
fary, Mr.. Needham was called 90 the char
Mr.. Cook, the Treasurer, iaid before the
Board.
and Potomac Tide Water Canal from Wash
| ngton TO Annapolis by 3. Sweet Engineer,
was received. The report commences by stat
ing thar the length Of the proposed route is ~
miles, the distance between the same points nv
the Pafomac and Chesapeak axe $50 miles, max
ing saving OF l56 miles and from - to % hours
TO all the mnkets Of the East. The total saw
ing 10 the consumers of Cumberland coal alone
would. upon the yield OF 1885 and the rates of
lst6, amount 10 over one million dollars aunu-
ally. BY the proposed route the cost OF trans
portation from Cumberland would be 25 Der
cent. less to New York, % per cent less 20
Philadelphia, and "a per cent. less TO Baltimore
than If sent by the Il. 4 o. X. and inland
Cana route. On the rates of 1866 the cost per
ton Of coal would be reduced 3. go az New
York, Sls4 at Philadelph a, and 81 - AT BaItl-
more, saving tassuming that one-half the
amount brought 10 tide water is sh,t,pAi IN
New York; s57600O at New York, sI6lsm al
Philadelphia. and SIi61t at Baltimore As
affecting the cost over the present water lines
from Cumberland 10 the Eastern markets n
would cheaper the cost OF transportation no
per cent 10 New York, IL 10 Philadelphia ana
IL 10 Baltimore, reducing the cost of coal at the
first place 81 cents, at the second 50 cents and
at the third I3 cents. Assuming that two-thirds
rs sent 10 New York, and one-sixth each 20
N md tals So.
SAVING OF SI23GO0 at the first place, SIS 5Oo AT
the second, and S2i, 500 at ;he third making to-
tal saving to coal consumers of s70o,OOO al the
nTsi, Sl94Oo0 at the second. and SI4O6 10 at the
third. Total saving Sl,tE3i9l0 equal 10 an ay
erage reduction of Sl20 per ton.
The report proceeds:-.'As 10 the local trade
| WIN The District of Columbia, the advantages
gained are equally a important From Wash
ingtop. the cost Of transportation would be I3
per cent less 70 New York, 20 per cent. less
10 Philadelphia. B per cent. less TO Hayre de
Grace. and 10 per cent. less to Baltimore thau
II sent via the Potomac River. Chesapeake Bay
anu lniand canal route. Assuming the con-
sumption OF anthracite coal witnIn the Dis
trlct al 10000 tons annually (which Is NOT an
over estimate,) and that one half comes from
Phliadelphia, and the balance from Havre de
Grace; the saving to cons umers upon the rates
OF lSs6, from Philadelphia would be s3IIaj
and from Havre de Grace, SIS, $50 total $50.
o2o, equal 10 an average reduction OF 40 cents
per ton The average distance saved 10 the
above points Is lj3 miles, and in time from -
to 30 hours
'Ibe construction of this canal rs of vital
importance TO The Chesapeake and Ohio canal
Great fficulty is now experienced in obrain
ing vessels at Georgetown, and the consa-
quence is that large shipments now made a.
thls port are by vessels especially chartered Ar
New York and Boston at in creased rates This
embarrassment Is not experienced at BaIti.
more, from the variety and magnitude of its
uonfle1se, f, aug would not be SO for the Chesa-
peake ana ONO canal if its terminus was
brought near Baltimore AnnapoIis THE ter
minus OF the proposed canal) is only p miles
t lio,n BaI,lmore, while Georgetown is 2ej miles:
and the distance by ocean from Annapolis is
70 miles less TO New York than from George
town This advantage, together with the con-
@ ;roI o, t r,Iiroad lines leading from Cumberland
l@hto mo the mines, would make the coal tonnage
OF the chesapeake and Ohio canal equal 20 one
million tons annually, instead of one-third of
tha5 lam am3Int.
Ihe Cnesapeake and Ohio Canal Company
now pay me Cumberland and Pennsylvania
TOAD Company : l0i for the transportation
49,! 'oh OF coa' - miles, from the mines to the
any OF the coal roads of Pennsylvania. The
actuai cost OF transporting the same over the
, baltimore and Ohio railroad would be - cents
per ;on; difference OF % cents per ton that
wonld De saved II controlled by the canal COM
pany. Inc rates now charged via ocean from
BaIIimore TO New York are - 65 per ton. aud
IRON Geor setown 81
snoWIng the same rates from Annapolis.
and the charges would be s2is per ton a
saving say OF s2 cents per ton If shipped at Annap-
OILS instead OF Georgetown; and a total direct
saSing oy tnese improvements suggested at
the termini Of 81 "a per ton. The coal tonnage
Oh tne n,a OMnesapeake M and Ohio Canal for Is65
was 33.2O2 tons. Assuming that two thirds ~
TINS quantity went 10 New York, the amount
tnat would have been saved on this is SIS ,4a5
a. Cum oeTIand terminus, and Sll9,0O at An
hapons ternhus; totaI, s}eU,l25, equal TO 10
per cent on capitai OF S4,WO,t0.
~ ne loves. toe saitmore and Ohio Railroad
can reouce its rates rs 2-lo mills per ton per
hlie' wnie upon the same relative basis OF
cost tne chesapeake and Ohio Canal can re-
uuce .c l.s rates 70 = oe-io mills per ton. These
Istes are without profit TO stockholders or car.
riers. tne average cost OF transportation of
coal upon railroads Is y times the average on
cansis lour times OF the average on tidal ri yers
ana pays, and eight times the average of sea.
borne The average cost of management en-
gross receipts is IS TO % per cent, and for ca.
hais ~ 10 % per cent.
III mas been found By experiment that Cum
oeriand coal is ~ Z per cent. cheaper for loco.
mouve uses than the semi-bituminous coal Of
Northern Pennsylvania; lax per cent. less
than anthracite, and 81 per cent. less than
wood.
In regard 10 the size, capacity, and cost, the
Englneer says The size Of the proposed
Chesapeake Bay and Potomac River Tide
Water Canal and locks. they are OF the same