Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1874-04-08


city was held at Sar. pta Hall last night, ". 4,
Smoot in the chair, aud j. II. Reid, Secretary
\ change was made in the constitution by
which the cash shares in the capital stock
should not be less than $50 900 nor more than
$lO0,OO0.
The following report was read aud accepted,
and vote of thanks rendered the rctlrlug tcm-
porary president and directors
ALEXANDRIA, April It'll, 1874.
1othe subscribers to the stock IF the Aiccandri"
Murine Ruthooy and Ship Building Com
g,nuy and those interested IL tie enterprise: :,
GENTLEMEN The President and Board OF
Directors pro TEN, chosen by yourselves at
meeting March 26, 1874, to examine into and
report upon the practicabiiy OF starting ma
rine railway and ship building company, beg
leave to report the result Of their laborS
| They find upon examination that as 1t Is neces-
| sary to perfect an advantageous orgaulZatlon'
the resolution basing the capital to be sub
| scribed in the constitution should be on money
| basis. and, therefore, they recommend and
favor changing the capital of said company to
| a mopeyed subscription to be. not less than
500 600, nor more than 100000. In adopt
| ipy The above recommendation your directors
believe 10 the selection oil Il site there will be
saving of from 81 900 to SS,uOO to the interest
of the stockholders.
Alta meeting of the directors March IS. 1874,
il was resolved that W. \. Smoot, President
pro ten, be authorized to secure the retusa! or
the lots on Keith's wharf, south OF Franklin
street: lots kuowu as Jameson and Keith S,
west Of marine railway; DIR. ID. NJ. French lot;
also to make other suitable selections aud re-
port. Iu carrying out the Instructions OF the
board | saw parties owning several lots, ana
with one exception have received their figures
Keith, 3 lots, $500, or $500 each; r. Z. Smith,
lot, $3.50; C. l.. Powell, lots, 81 200. 81 600
in money, $500 in stock; u. l.. aud John Sea
ton, lot, S4OO, all 10 stock; y. Jameson, lots,
$500. DIR. d. NJ. French will let dlSlnterested
parties appraise and will take value OF same III
stock. The site near tie cauaI We can get Tor
a nominal SUN. Mr.. James Green being alb
sent from town we could not get his price Tor
the lot pcxt TO GOodlng yard:
Also Mr.. James Green offers the property
owned by him, known as Hunters, at SlO,"
900, aud all taken III stock.
There are two or three other places also OF
fcred, but your directors thluk II hardly worth
while to report on same.
AT meeting htld April lst, on motion, It
was resolved by the directors to recommend
the purchase of the lots desl grated IN the plat
furnished for the site OF said railway company
as soon as the subscription list amounted TO
twenty thousand dollars. They also recon-.
mend that subscription to stock be accepted IN
materials and labor at cash values Tor the CON
structiou of said railway.
The estimated cost Of railway built on the
lots south of FraukIin street is as follows:
The estimated cost of .221 feet OF
ways, cradle, &C., complete, Sl0,323 %
rost nt' small ways. 200 On
Engine and boiler Thirty horsc,) $500 %
Dredging and driving plies, 200 W
Tools, shedding, It,, l,0OO w
$!7,725 OF
Cost of lot and everything complete fitted
with modern improvements and able to do any
thing that will offer, say IN round numbers
$4,000.
TLis estimate Of ways was kindly furnished
bv Mr. Porter, who has compared his figures
with recent work that has been done in Baltl-
more and is a iul estimate of the cost.
We have also looked iuto the practcabl!lty
of making dry dock, but it will cost not less
than $4,000.
At the place your directors recommend there
is plenty of room and water with little or no
expense in drcdgiug and with the W. o., V.
Nj. & G. S. Il Il. running close, SO there eau
be switch put in. BY this means our timber,
lumber, &c, arriving by that road, Chesapeake
and Ohio, Washington and OHIO, Alexandria
and Fredericksburg, or any other railroad colh-
pany ceutrcing here, eau be put III the yard
with little or no expense.
With the facilities this offers, low price Of
timber and its abundance, large numbers OF
vessels trading to Washington, Georgetown,
and this place, the steamboats, p ylng on this
river river aud bay vessels, aud caual trade,
will give employment to large uum bers OF work,
men, ship-carpeners, caulkers, painters, san
makers, blacksmiths, plumbers. machlnlsts,
fouudry-men. boiler makers and laborcrS, all OF
which work now, with very little exception,
goes elsewhere La Tact there Is not trade or
occupation of any kind that will not feel the
beneficial results OF this great enterprise. We
can get plenty of men fully competent, who
thoroughly understand both pew work and re-
pair work -,
This work pays we'll elsewhere and paid here
in DAYS past, when there were not oue-fourth
of the work here to be done that there Is now.
We have party wanting vessel quit pro-
yided Capt Jersey superlntends the building
of it. also know of TWO parties each wanting
one canal boat built and perhaps more. We can
get plenty OF the best quality of white oak here,
also our pine makes good spars OF certain
kind, Spruce spars and Georgia pine we eau
get frcighted here cheaper than at almost any
other port, as vessels can nearly always get
return cargo of coal With the many advantages
here offered this will be, as it is elsewhere,
paying stock and only requires proper manage
ment.
Ia conclusion, we hereby submit our report,
hopipg YOU may now select suitable gentlemen
as officers in your organization and success
crown your enterprise.
A permanent orgauiz alton was then effected
by the election of the following Board of Dl
rcctors: w. A. Smoot, Park Agnew, Captain
Mat. Jersey, COL Arthur Herbert, Joseph
| Brodcrs, j. T. Rogers and Robert Portncr; al
ter which the meeting adjourned.
The newly. elected Board of Directors metAo
organize this afternoon.
THE SALE OF TIE STOCK OF \ New \ DIRK
HOUSE at the auction roolns of Green Il VIII
lmms, corner of Tenth and D streets, Wash
iur.on. will be resumed tomorrow morning at