Evening star. [volume] (Washington, D.C.) 1854-1972, 1882-06-07

$l,SOO; J. J. Noon, superintendent, 81 500 to
81 200. Total saving, $3.50 per annum. A
German men, while the Senator sat with his
eyes mOdestly cast down.
WHEN WERE THE SALARIES REDUCED?
General johnson was the first to speak after
this. He said he, too, was sorry the debate had
taken such personal turn. 1t was belittling q
great subject, but he did propose that that paper
(referring to his resoluttono should 60 on record
as challenge to the management of the canal
for the past ten years. He further said that it
was pretty evident that the action on the sala-
ries had only been taken that morning. Mr.. Ber-
ret explained that 1t was ratified that morning,
on the authority Of a previous meeting. Here
General johnson walked over to the table, and
after scanning the books eagerly for q minute or
two turned and said 81 have nothing to say ex-
cept that the record don't show it. It was i'm
material. What he wanted to see was the canal
put into hands that would develop it out OF the
complete wreck and ruin into which it had
drifted. II it was put in the condition it was
ten years ago he was willing to vote for $40 600
salary for the president Mr.. Davis wanted to
know If he knew the president of any large cor
poration that gave his whole time to it, and sew
Hamilton and General Johnson.
GORMAN CRITICIsING HAMILTON
Mr.. German then arose again and said"
was not prepared to hear to-day the words that
have fallen from the lips of the governor of this
state. As for Mr.. johnson, am not surprised
at anything he might say. Whatever he could
say on this subject would be consistent with his
course In regard to the canal for the past five
years. But at you, sir. Cunning to the governor
and raising his voice. occupying the position
you DO, knowing that my resignation has been
rendered, am surprised. In answer to your
sentiment that the canal has not been run On
business principles. have only to place before
you the sworn statement of every business man
| in Maryland that had more knowledge of the
matters than you have. In leaving this COM
pany can make statement which never ex-
pected to make. I lay most Of the recent
troubles of the canal at your feet. We have
| never heard any complaint from you as gov
ernor. You have expressed no opinion Its
troubles have laid before you as a member of
the board of public works. and have received no
help. have found obstacles in the way, and
have asked the governor for relief. 1 found
that 80 long as such man as you presided
over Maryland, nothing could be expected
When you said that the repair bonds ought not
to be used for the purpose Of frightening the
locks, you gave those bonds black eye in finan-
cial circles, from which they never have recov-
cred. One word from you would have enabled
us to put them out at reasonable rate. have
waited and labored and given more time to the
canal than you ever gave to any public pO-
sition that you have held, and you have held
many. 1 gave my best time and all the talent
possessed to the work. and any one who will
say that do not know all about the working OF
the canal, does not know of what he is speaking
On leaving it I cannot lose the opportunity Of
looking you In the eye and telling you that you
have never felt q true interest In the canal, nor
have you sought to help it along in any way.
GOVERNOR HAMILTON RETURNS THE FIRE.
To this the Governor replied: against the
use Of those bonds for such a purpose GER
tainly did and will always protest. Allow me
to say. sir that I do not fear for the ultimate
future Of the canal. 1t will not suffer by your
resignation, and l have strong hopes that a
ing the funds. bring it up out of the depths into
which it has sunk"
ELECTING PRESIDENT.
The question then required on General john
sons resolution. and, after some attempt at de-
lay, it was voted upon and lost-ComptOn,
Heating, Davis, and Hamill voting against It,
The business of electing president and directors
was next proposed, and Mr.. German arose and
stated that Mr.. ]. Bayard Smith, one Of the d.
rectOrs, had requested him to state tnat under
no circumstances would he accept q renOmna-
ton; land, Of course" added he, 'sas is per-
fectly well understood, this is the case with my
self"
The Governor then retired to his private room
with Compton and Heating, as matter Of form,
and returned with the tickets. Governor Ham,
fltOn then offered a resolution, reducing the sal
airy of the president Of the Chesapeake and Ohio
without comment. Mr.. Compton then nomina-
ted on the part of the state for president Henry
D. Farnandis, and Governor Hamilton nominated
Robert Bridges, Of Washington county. Mr..
Fawcett then called off the list of the stock
holders and as Compton and Heating cast the
vote CT the states stock for Farnandis, it gave
the majority, and Farnandis was declared
elected. This part of the business was such q
farce that those of the stockholders who had re-
manned up to that time began to leave. The
states stock is enough to give the majority
against all the other stockholders put together.
The board of public works vote this stock, and
Compton and Heating constitute the majority of
the board. 1t may be readily seen where the
farce came in.
Comptons directors were Patrick Hamir,
Morgan, James A. L. Mcclure and Lewis Cass
Smith. These were elected. The governors
ticket consisted of Robert Bridges, Richard d.
johnson. OF Allegany; Joshua Biggs, of Fred
erick; DR.. Edward WoOten, of Montgomery;
Thomas P. Morgan, of the District of Columbia,
merely nominated this ticket to carry out his
defence of COmptOn's charges and appeared re-
signed to Its defeat from the first. The meet
ing then adjourned subject to the call Of the
chairman and it is understood that the gov
ernor will call 1t on Friday.
THE ANNUAL REPORT.
The following is President Germans annual
report OF the condition Of the company: The
earnings for the year ending December s1st,
1881, were &308, SO; the ordinary expenses,
$241, 756 81; excess Of revenue over expenses,
S67, 080.99. In addition to the ordinary ex-
penses there was paid for law expenses,
$4,32396; purchase Of basin wharf property,
$15. 600; for interest Of notes, basin property,
temporary loans and coupons on repair bonds,
$13. 1874. "a; judgment of commissioners Of Ale
gany county, IS, 1880. The net revenue over
all debts contracted, other than frightening
locks during the year, to have been $50 90.
The total receipts Of the company from all
sources, including $42. SS1.3S Of balance left
from last year, were go, $3.50. OF this
$37. 600 was received from sale Of repair bonds,
$4,000 from temporary loans. These re-
ceipts were expended: For labor and materials,
$73, 1862; interest on repair bonds $1,000; for
operating expenses, acquisition Of lands, and
interest other than on repair bonds, &22S, 5544O:
paid on account Of extending locks, 900 $685. 3;
balance In banks and in the hands Of accounting
officers January 1, 1882. as 6S875; total,
$424. 928.2O. The receipts Of the company for
the last ten years were as follows: The highest
was in 1874, which was $517, 412.22; the lowest
was In 1877, when the receipts were eco, 30S Is.
The decrease In 1881 over 1880 was &46,688 90.
Over $40, 900 Of this Is accounted for by the re-
duction In the coal tonnage. The two principal
causo9 fnr this dncroasa frat the faf1uro NJ