Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1874-06-18
Chesapeake and Ohio Canal.

oils Yesterday Col. Berrett, OF Washington
J. p. Poe, representing Virginia, Col Thomas
j. Mckaig, private stockhoider' and the
Board OF Pubic Works Of the State were
present
Mr.. German. President, submitted the forty
sixth annual report for the year ending Deem
Der 81, 1873, together with statements SHOW
ing receipts and disbursements from the treas
ury from obituary 1T to 3lst OF May, 1914.
The receipts from tolls water rents, &c,
amounted, during the f cal year ending De-
cernber 81; 1873, to $5U7, 600 81, which Is al
increase in revenue, as compared with 1917, OF
1855 Sc. The net revenue OF the year was
$50, 500 81, making the total balance apph'
cable to the payment of overdue interest on
preferred construction bonds, principal and IN
terest of repair bonds aud current expenses,
s3O3, 054 50. The payment on account OF the
SAID overdue interest was $2O3, $40. and interest
and principal of repair bonds S2,7l2 IS. The
balance in the treasury January /, 1874, was
se2,577 81, and 10 the hands OF disburslng
officers aud collectors IS, S24 CS.
The decrease of ordinary expenses from those
Of 1872 was 81, GA 81, and the increase as COM
pared with 1871 was is, l93 &c. There are now
of the repair bonds, all OF which have been
cancelled. 1.-THE principal having. been s2OO,ooo)
only few coupons outstanding, Wllch VIII
b. paid if presented. Of the preferred con-
sruclion bonds, the principal vi when was
81 500, 500; over due coupons to the amount
above stated, to- July, 1888, Inclusive were pald
during the past year.
The Board states that 10 pursuance OF an
order of the Circuit Court of Baltimore city,
at the request of the company, there being d
balance appropriated for the payment OF over
due interest on hand of $ll9 400 O3, proper
notice was given for the payment OF coupons
maturing January 1859, and on the 18th OF
January; 1874, all such coupons presented were
paid.
In the meantime the equity suit instituted
! by w. W. Corcoran and others, which had been
pending 10 the Circuit Court of the District of
COLUMBIA for interest on overdue coupons was
decided adverse to Corcoran: and nearly all The
large holders presented their coupons, which
were paid. Since this action 90 the part OF the
company the Supreme Court OF the District OF
Columbia affirmed the decision of the lower
Court, aud au appeal has been taken to the
Supreme Court Of the United States. The re
suit OF the action on the part of the company
seems to demonstrate that quite large mum
| Der of these coupons, and possibly bonds have
! been destroyed, as out OF the appropriations
| made during the past three years there was
| sufficient balance not ella med 10 pay one cou-
/ Don, or $50, 9S5. The total amount of coupons
paid from January |, 1873, to May 81, 1874, is
| $3O5, 9lO.
Ia regard to the condition of the canal, the
board refers to the injuries by floods last year,
! but states that these have been repaired, and
! the navigation has been more reliable this sea-
son than ever, while the average carrying ca
pacity Of the boats has Increased TWO tons ench
over that of last year. As has been frequently
stated increased wharf facilities are udl> peusa-
| BILE in Washington and Georgetown, which can
| be had By the improvement OF the river front
| bordering on the canal. The increased tolls
have already reimbursed the treasury tor In.
proycmcuts made, and it cannot be doubted
that if further facilities are offered the trade
will continue 10 increase. ln view OF assurances
that the navigation would be improved the coal
companies have constructed large number OF
new buats. The total number now engaged is
554, averaging II tons each, which Is equlva-
lent in season of eight months of carrying
capacity of l, 500, 900 tons.
The trade and eXpen>es of the canal FROM
Jan. to May 30, 1874, we're, for coal tonnage,
POI 77773 TONS decrease OF +, % tons as COM
pared with the same period OF last year, 1.-THE de-
crease owing to The financial embarrassmeuts OF
last year, ordinary and extraordinary expenses,
SS7, 929 81; improvements &C., S23, 10 50; re-
cuipts 800, 81 sos. The total available balance
In the treasury June was S5O, 20l.O4, which,
with accrung revenues will enable the COM
pany to appropriate during the present month
$50 9S5 TO pay the coupon on the preferred
construction bonds for January, 1860
The report speaks of the advantages to be
derived from extending the canal to the OHIO,
and also of penetrating beyond Cumberland
tweuty-six miles to the mines, and 10 reference
to the proposed extension of the canal 70 the
Patapsco says it cannot be supposed that the
great city of Baltimore will loug permit the lu-
mensc trade of the canal to terminate at George
town aud Alexandria.
The report Was approved.
Col. Berret submitted resolution that 10
view of the recommendation of the President
aud directors 10 their annual report for 1874
respecting increased wharf facilities at George
towu aud Washington, also the suggestions look
ing to the extension OF the canal to the Ohio
river and the city of Baltimore, Committee be
appointed to examine the same and report to
an adjourned meeting to be held in Baltimore
on Tuesday, the Sth OF September.
The resolution was adopted, and the chair
appointed Col. Berret, Colonel Wooltord, aud
| Treasurer Compton as said committee.
y. L. GOrnao, as PRESIDENT James ".
Bcrret, Daniel Biser, Michael Rannon, A.
r. Stake, Gilmore Meredith, &. NJ. Wat
kins, Directors, were then reelected fo!
the ensuing year, unanimously, except that
COL Berrett voted for H. NJ. Sweeney, of
Georgetown, 10 place of himself. after which
the meeting adjourned until the 22d Of Sep
| tenher.
The receipts of the Company for the week
| ending lime 3,h 1874 ware as follows.
Cumberland .................... ST, So 95
GEORGETOWN ACKNOWLEDGEMENTS. 400 10
Hancock ......... ....... ia s.
Williamsuort .......... 300 IL
Accrued revenue...-..............l IL, Ioi 81
Two hundred and 1orty-four boats cleared,
carrying u, $40 tons of coal.
VIOLENT HAIL STORM Que Of the most
destructive hail storms ever known in the Val
Icy of Virginia passed over the lower portion
of Shenandoah county on the 10th. The
Shenandoah Herald says: Hail fell as large