Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1880-06-11
Chesapeake and Ohio Canal.

The board of directors of the Chesapeake
and Ohio canal had a protracted meeting at
Annapolis on Monday last. The board OF
public works, representing the State, had also
several meetings during the day, Gov. Ham
ilton, Comptroller Heating and Treasurer
Compton being present. The following nem-
bers of the board of stockholders were pres
emit: Judge Dent, who represented the Dis
trict of Columbia; Com. Morgan and ex-
Mayor Kemper, the former representing the
United States and the latter Alexandria the
board Of public works, representing the State,
and Attorney General Gwinn, Bernard Car
ter, Francis Miller, Jas. A. L. Mcclure, rep
rssenting private stockholders.
An election of officers for the ensuing year
resulted in the election of the following I:
President, A. p. German; Directors, Col.
IN sBerrett, M. Bannon, John Humbird, P.
Haa1i, H. d. Farnandis, Thos. P. Morgan.
All are old members of the board except Mr..
Morgan, who takes the place in the board of
Mr.. Crawford. The president and directors
report fer the past year was received and
adopted. Following is the report:
Receipts into the treasury for the year ending
December 81, 1879:
From tolls....".......,.......... 1899, 534 "a
From wharfage and trimming of
boats at Cumberland. ........... 24,0ll 46
From water rsnts.................... 5,27l rs
From rent of houses and lands
and miscellaneous sources.... 4,499 81
Total receipts from all sources
other than from leans and sale
of bonds. ....--...............$ 1928, 467 81
Amount expended during the year
for pay for officers, ordinary aud
extraordinary expenses, was... 1922, l4l 90
The decrease in the revenue of the
company for the year, as COM
pared with the receipts of l678..$ 55,545 60
The rates Of tolls in coal from Cumberland
to Georgetown during the year was the same
as during the 1878, viz, 35 cents per ton, and
for wharfage at Cumberland 4 cents per ton
The decrease in revenue from tolls as COM
pared with the year 1878 is accounted for by
the fact that the coal tonnage during the year
1879 was only 500, 904 tons, while for 1878
1t was 594, 24l tons, showing the decrease to
have been 1887. This decrease is accounted
for not only by the depression in the business
of the country, but principally owing TO the
miners strike, which commenced Sept. A.,
1879, and continued until Oct. 8, 1879.
The report also shows that the balance in
the treasury January ], 1879, SAB, las "a.
The ordinary receipts from all sources were
1888, ACT 81, received from the sale the re-
pair bonds of 81, 900 each, $4,000. Total
receipts from all sources, including the loan
OF 900 from the Second National Bank
of Cumberland, were $50, lei 1881.
The at hat fba a..
berland to Georgetown is unquestonably in
better condition than ii has been for years.
Every part of it damaged by the flood OF
November, 1877 has been thoroughly re-
paired and engthened, and its navigation
Is new more reliable than it has been at any
time since it was constructed
During the year the canal has paid on &C.
count OF the purchase money of the Basin
wharf at Cumberland the sum of 81 ,3o6 60,
making total payment on purchase of $25,-
BOG so. The cost Of operating the wharf aud
repairs during the year was 8 2, 29S ~. The
toiaL tonsage from January ! !, 1880, 10 May
81, 1880, was l49, III tons; an increase as
compared with ls79 of 5,935 tons.
The rate of tolls charged during the pres
ent year is 81 cents for the whole distance
from Cumberland to Georgetown, and cents
wharfage. The revenue accrued from tolls
and rents has been sos, o97,sl an increase
as compared with the corresponding period
of 1879 of 500, 9l2 80.
The president and directors bear testimony
to the efficient services of the officers of the
company, and promise that, with the increas.
ed tolls charged during the present year and
the probable increase of the tonnage, the reve.
nue. Of the company during the present year
will not be less than $500, 600.
The board OF public works offered the fol-
lowing resolution to the stockholders, which
was adopted:
Resoiued That the stockholders are not 10
release for water-power unless gauges are
placed under the control Of the canal com.
pany; also, TO allow the Piedmont Coal and
Railroad Company a drawback Of ten cents
per tor for coal also that the directors pub
fish with the report list Of officers, residence
and salaries, and that the pay OF directors be
$500 per annum.