New-York tribune., 1886-05-26
MARYLAND AND DELAUARE SHIP CAN1L
ENGLISH CAPITALISTS INTEREsTED-wiiAT 1T Is
HOPED TO ACCOMPLISH.

ENGLISH CAPITALISTS INrEREsTED-wiIAr 1T Is
HOPED TO ACCOMPLISH.
James Black, wealthy Londoner, represent
ing syndicate of Eng-n capitalists Is At the victoria
Hotel He recently been TO Baltimore and Chicago
TO promote large schelne OF pu 'Ic Improvement and
will 20 TO Boston before going no re iis san 10
TRIBUNE reporter yesterday &" The project which am
interested Is the Maryland and Delaware ship Canal
Company which has been formed for the construction
and OF ship canal connecting the Chesapeaho
aud Delaware bays. by which the distance between
baltimore and the A nercan and European ports
whence II derives nve-sixths OF It's trade Will be reduced
v 925 miles The comp ny chartered by the State
Of Maryland in AprIl. ls72 This charter was con
nrmed ny Delaware IN .rch 1873. aud WAS amended ny
Maryland IN April 1884 An act was passed III ISIS
authorizing Mayor and CITY Conncil of Baltimore to
subscribe capital stock OF IN rylhni ani D'l
ware snip Canal Company. or 10 niorse the hrst mort
gaze bonds o! The company 10 an "A mount not ex-
ceeding - rhe canal VII be BY way OF the S''
safras River. and will lie. without locXt se'eh'ee
miles long tweDtysix feet in dcpth ninety lect wde al
tie bottom and III feet vile At mean low-tl le level
capabe of admitting the larg-s SHIPS Of tho naval and
mercantile marine. The present annual foreign ana
tonnage entering and clearing from Baltimore
amounts 6OOO0oO IONS OF whichit IL expecei
that 900 900 will pass through the canal Ihls Ton
mage Will Increased by the opening o. the canal az
coas;ng vessels now kIns the long voyages by Capes
Charles and May will make at least thrse voyages where
they nov make :wo the saving In distance being 90
niles between Baltimore New-forK ana Boston, OF f'o
miles ON the round trip This increase should be at least
on.hird AS 1t bs noticed that the TONNAGE OF YES
ses between Baltimore and Boston Is the largest from
any single port another on the coast OF America
about 100000 tons Two-thrds OF the ot"i I'M
ports OF the used west OF Chicago and
Chcago Is II 0 miles nearer Baltimore than New YORK
thereby saving railw freight this distance Owing
TO this difference Baltimore and New 0rK' on
the compeilou of the Baltimore becomes the near
est mort for tapping great and producing
STATES or the south and West Steamers making hfteen
miles an hour by the canal will onplsh the distance
tween Baltimore and New York IN eighteen hours
being than by the present railroad relSh'
trains The toll is regulated at 20 cents ton by the
legislative acts to be derived from tins
ON be prob ble hrough the canal bdsru
on the trad. will he Largely IN excess OF "h't
Is necessary 10 meet he inieres. on the bonds -
"How the capital To be raised Tor this enterpr'ei
I'VE have of red to prOsic fOur-nfths or III u the
oihers Who Interested. that is the capitalists OF B
tmore Chicago. Will furnish the other ~ per cent
IL has been pretty hard get them up 10 the WORK.
ing our position taat II the enterprise has value ana
be a necessity to the country, the peope
here should their iath IN II by AZ least TINS amount
of suDscrpun received several suDscrlPto"s o
Inc Iact there that this Is tue 0ny way
to get tue canal The Baltimore ana ono ROAD has n1t
been do anything. "a 1t Is pushing It's NewloK
terminus scheme" 49,.
tndt are also interested IN ne" ulFect
line railroad to ChictgoF
"1here npthing la that story aun not IN ans way
interested In tnat project. They ave tried To get me
into It. but am not IN any way IN IT, Know oi th9
with one III IT, Mr. Cox. the treasurer,
am well acquainted"