Evening star. [volume] (Washington, D.C.) 1854-1972, 1873-06-03

II
held at Annapolis yesterday in the executive
chamber. The board OF public works of the
| state, composed Of Governor whyte, Controller
state Of Maryland, the owner OF a majority OF
the stock; JAS. q. Berrett, esq, represented the
stock owned by Washington city and George
Fawcett acted as secretary. A report WAS sub-
| mitted by President German for the fiscal wear
| ending the 3lst OF May, 1873, which shows tina,
| S454 ,933.as. The total expenses during tina,
Ieriod were soc 20, leaving a next revenue
for the year of s2i5, 1850, which, with the bal
snee IN the treasury from the preceding year OF
| s52,?Os4s, leaves for the payment Of the float
| ing debt and interest on preferred construction
bonds 500, i54.4s. The revenue for the past
year shows an increase over ls.i OF s5i, s5s.O7
and over 1872 of S6.549-93. The coal tonnage
for the year ending May 3lst, 1ss0, was 7ii 7aS
tons, for 1871, sO $50 tons; for 1872 tons
The decrease on account of expenses, ordinary
and extraordinary, and the pay of officers, as
S1431S.49.
The appropriation heretofore maieon account
OF interest ON preferred construction bond
was sufficient TO pay the entire amount due up
10 and including coupons falling due January
1, lsSi. or the amount so appropriated there
remained I'm the hands of the financial agents of
the company, Messrs Alexander Brown & sons
OF Baltimore, on the 3lst day Of March last the
sum OF s'5,22s:2s, the coupons representing
IL Is known, are being withheld, awaiting the
decision in the suit instituted by W. w. Corco-
ran in the District of Columbia.
The, Inc principal Improvements eI made under the
Recommendation OF William X. Hutton late
cher engineer OF the company, have been com
pleted at cost of $50 ,92s46, which has greatly
improved the condition of the canal.
The report recommends improvements that
are necessary on account of damages TO the ca .
nal and increased tonnage. the cost of which
exclusive OF steam pumps and dams, is esti-
mated at $4,000, but the expenditures on tina.
account should extend over a series OF wears m
make the improvement without demanding the
payment on the bonded debt. The tolls are in
creased cents per ton on coal from Cumber-
land to Georgetown. The report reviews the diff
hculty with the water lessees and rectes the CON
tract and calls attention to its violation. The
report expresses the interest felt by the COM
pany in the improvement of the barhor a.
Washington, but expresses the conviction that
congress viii not pass any law depriying the
company ofits valuable rights.
Since the adjournment of Congress a VERY,
small portion of that property, with a front ON
me Potomac river of $50 feet, has been rented
Ior sZ,sO per annum, and in addition to the
rent secures a trade TO the canal during the
present year of sixteen thousand tons gas coal
which has heretofore been delivered via Ralfi,
more. Adding the tolls to the rent, the pos
session OF this wharf increases your revenue
over 900 per annum, or for the next 3 wears
s25,O00 As your trade increases the entire
property in Washington will become equally
1t i, however, possible that the plan proposed
for the improvements Of the city and harbor of
Washington cannot be carried out without a
nj fha
old canal aud tow-path fronting on the river
between Easbys Point and 18th street. In
SUCH an event it will be highly advantageous
W the interest OF TINS company TO dispose of
terms. NV" ii'e" a.
The fact of the growing demand for Cumber
land coal II alluded to, showing that the bust
ness must increase. The report also saws: The
western MARYLAND railroad extension to NIL
Transport will he completed before the close of
nav CATION, and a considerably increased trade
ma
demand. PP'' ie
Heretofore and now the wharf charges AT
Cumberland and Georgetown have been within
hlns cents a ION OF the amount charged ror tolls
age wharfage being 43 cents, tolls now 81 cents
per TOM These charges should be reduced az
least fifteen cents per ton.
Notonly will the completion of the outlet locks
produce that result, but IL boats were unloaded
promptly upon arrival they would realize larger
pronts az reduced rate of freight charges TO
iednce tne cost OF transportation to a minimum
is all-lmportant to our future trade
With the present high rates for WHARFAGE and
freight, the difference in favor of canals as com
pared with railroad transportation, is a. cents
Ton, ana we are convinced that when the pro-
posed improvements are completed and a proper
system Of t0wage established Whereby the ca
rylng capacity Of the boats will be Increased.
that the cost can be reduced 30 cents a ron
which would make difference i'm favor of caoai
of % cents a ton.
The urgent demand of the people for water
REORGANIZATION may induce Congress to aid i'm
their construction; if so, this company has ad-
vantages that cannot be overlooked Con
structed upon an enlarged scale by the recon-
mendation Of the United States engineers and
at the request Of large number of member, OF
Congress and high officials OF the United States.
so as to make il a great national work with
every assurance that further aid would be given
by Congress for its extension, i'm view of which
ia miles were constructed with an average
depth Of six feet, leaving NOT more than one
hundred miles to be built to reach the slack
n ~ q nv has nvxAsl 49,
With these and many other advanta0es and
IN view Of the farther fact that the United
states is now large stakeholder we respect
fully recommend that the stockholders take
some action whereby the subject NAV .
promptly promptly presented for the consideration of
Not only has the extension of the canal west
attracted attention, but prominent citizens of
Maryland, and particularly of Baltimore city.
are convinced that the original Intention Of
constructing branch to Baltimore shall be
carried OUT, while TO secure il only requires the
construction of twenty Eight miles OF canal AT a
comparatiV ely small cost compared with tbe
advantages which would be derived from this
extension. ~
While the proposed extensions are very de-
sirabie, we are convinced that without any adj
ditions, the trade with its present terminus
sDa eonnse!lons, imperfect as they are) must
The ratio of the expenses of working and i'm
proving the canal. construction and extraordi-
nary repair bear to the gross receipts is IS per
kSIt., cuOF bS q oCCTcdct vi per cent. As COM
referred f. he previous year. The report was
The foil wing offttfe-
for the ersung year; President, 4. Y. t1- serve
directors, James G. Berrett, Gilmore Meredith
Patrick l. tmiIl, Greenbury NJ. watkins, Dan,
lei 8. Biser r, and N. Bannon.
MI. Gee 60 5. Brown, q former director, de-
chcSl TO . put in nomination on account OF his
health. 4 he stockholders then adjourned to
meet on Tuesday, July eth, 1873.
TKERIELR STORM IN VIRGINIA.-The Lees
burg (vs) Washingtomidn says that q severe
storm visited Loud0un county ON Tuesday eve
ming last. In SDickersville several persons were
stunned by lightning, also, hands ct work on
building near Leesburg we're severely shocked
fIom the same cause. Much fencing and In
some places timber was blown down. Col. Ham
ilt0n Re .ers' barn Was blown down and Mai. c.
II. Lees corn-crib and wagon-shed were struck
by lightning. Nrs. Piggotts and Isaac Wilson's
barns, we're unroofed, and the splendid belt of
timber, kneWn - Pancoast's woods vas torn to
pieces terribly by tho tornado. Hail fell In
many faces. The ceFnhelds OF several farmers
in the ieighborhood Of Snickersville, were 90
serious washed - 70 compel them TO be plow-
nlaeoa hAfOra arSla Tine 90, r..