Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1881-06-10
Chesapeake d Ohio Canal.

Chesapeake & Ohio Canal.
The annual meeting of the stock ho'd
ers of the Chesapeake & Ohio Canal Com
pany was held in the executive chamber
at Annapolis on Monday. There were
present Gov. Hamilton, Comptroller Keat
ing and Treasurer Compton, composing
the Board of Public Works Of Maryland
Hon. Lloyd Lowndes, Of Allegany county
representing the Uni ed States; Thos. 7
Morgan, for the District of Columbia
John w. Burke, Alexandria, Va; General
Bradley T. johnson and Joseph Bryan, Of
Washington city, representing the holders
of bonds issued in 1874; A. Bowie Davis
Col. j. G. Berret, of Washington, Bernard
Carter, Hon. Patrick Hamill, of Allegany
county, and hers of the private stock,
holders. Gov Hamilton was called t.
ne chair, and Mr. Bsnj C. Fawcett cho.
sen secretary.
President Arthur p. German read the
annual report of the president and difec-
tors, which shows that the actual earnings
over all expenditures for the year were
SS5.531 30. The net earnings over the
usual expenses were $1t5,33s 90, and hut
for the floating debt, and large expenses
necessarily incurred in defending he com
pany in the Stewart case. two coupons on
the preferred cons ruction bonds could
have been estinguished. Dcrirg the wear
the Canal has been main aimed in good
condition and the advantages 81 the i'm
proved tern nal faci ties ere shown hy a
net revenue earned through this all OF
SIS s11 20. The report speaks, among
other things. of The necessity of further
Improvements in the matter OF lengthen
ing the locks in order to more efcc,uallv
compete with the Baltimore and Ohio X
Il. in transportation facilities and low
ireights, I-.er-ing in this csnnec, ion To ,hc
-~.~..arr- er.via.'uns made Dy me prrsi..en'
a. recent meeting of stock aod bond.
bolders. That some such measure as ,ha'
suggested by the p7es'dept. 20 protect the
inte' ests OF The canal. was absolutely ne.
cessars IS clearly shown By the Statistics
embodied ia tue 'epo't The stsckhold.
e:s apprec'a ed the importance and yaiue
OF ihese recommendations by promptly
Gfte- cbimei ical scheme advanced bv
Gen. johnson had beea disposed of-au-
thorizing the president aud directors to
dispose o, Sa5o,00o of repair bonds issued
under the act of 1878, the proceeds to be
expen led in lengthening the cana locks
Alter the readins OF the report on mo-
ton of NJ. A. Dowie Davis the meeting
went iAto an election of officers. Mr.. Ds-
Wis nominated Hon. A. p. Gormsn for
President Mr.. German said the stock
holders had for eight years hnnorc,l him
with the election AS president. II was
known to many Ca them that at this time
he had no desire to be further connected
with the company, and he asked hat some
other person be elected to his place.
Sil JAWS p'CoCubtI Na4
estly begging THAT the rumo-ed resigna-
tion 81 Hon. 4. p. Gefmaa as president
of tie canal be not accepted. Looking at
his management OF the canal from our
standpoint of personal interest, we car
no, fail to see the great ssgacity AMI e
ecutive ability with which he has met the
canals multitudiuous emba--ass ncnts dur
ing his eight years Of administration
covering period Of almost unprecedent-
ed disaster from storms and trcshets and
pecpniary slingenav, likewise of legal i'm
pediments almost as disastrous rs those OF
floods and strikes We ask that Mr.. Cor
mans resignation be not accepted because
we feel confident that his vigor and skill
are bright promise OF the canals future
success, that would, to say the lcas.. be
greatly imperiled ov any change of msn-
agement at present" In reply to the OBJ
lection of Mr.. Go-man that he is a Uuited
Sta es Senator. the examples are cited of
the first president, Charles Fenton Mercer,
and of George c. Washington and Francis
Thomas, sll of whom were members Of
Congress.
Mr. Bernard Carter said he could sug-
gest the name of Mr.. J. Bava;d II. Smith,
of Baltimore, as a member of the board of
directors. He had been an investor in the
bonds of the canal since its commence
mene, was gentleman of the highest char
acter, large intelligence and fine business
talents. A ballot resulted in the election
OF the following officers, by vote of a.
SAT shares of stock, none being cast in the
negative: President, Arthur p. German;
directors, Hon. Patrick Hamll, Col. James
G.. Berret, (of Washington city, John
Humbird, Fl. D. Fernandez, j. Bayard Fl.
Smith and Thomas P. Morgan. The meet
ing then adjourned.
Fort Wayne, (Ind.) Sentinel.
When about twelve years Old said Mr.. Gels
man, of the Globe Chop House to our Representa-
tive, met with an accident with horse, by
which my SIX ul was fractured, and ever since
have suffered with the most sxcrnciatng rheu-
matte pains. Of late | applied St. Jacobs Oil
which has given me almost total relief.