Montgomery County sentinel., 1890-02-07
The Canal to be Converted Into a

kalhfOau.-A new railroad company, un'
der the title of the Washington and Cum
berland Railroad Company, has been char
tered in this State, and the company
subsequently put in bid to lease the G. &
o. Canal and, as understood, if the compa,
ny should be successful in its bid it will
build railroad over the line of the canal
from Cumberland to Washington.
The incorporators of the new company
were in Rockville on Saturday last and filed
with the Clerk of the Circuit Court the GER
tificate, which reads as follows:
This certificate OF incorporation, made
this first day of February, 1890, by Enoch
Pratt David L. Bartlett, John A. Hamble-
ton, of Baltimore city, in the State of Mary
land, A. Willison, of Allegany county,
in said State, Martin N. Rohrbock, of Fred.
erick county, in said State, Hattersly w. Tai
bott, of Montgomery county, In said State,
and Erastus kurtz johnson, of Washing
ton city, in the District of Columbia, wit
nesseth that the above named En0ch Pratt,
David l.. Bartlett, John A. Hambleton, A.
Willison, Martin N. Rohrbock, Hattersly
w. Talbot and Erastus Kurtz johnson, do
hereby associate themselves as corporsters
for the purpose of forming railroad COM
pany under the provisions of article go of
the Code of Public General Laws of Mary.
land, titled Corporations sub titled Rail
road Corporations, with all the power,
rights and franchises therein granted to
such corporations, and under their hands
and seals do hereby certify as follows, to
wit:
"First. The name OF such corporation shall
be the Washington and Cumberland Rail-
road Company.
Second. The termin of such railroad
shall be Cumberland in Allegany county,
in the State of Maryland, and Washington,
in the District OF Columbia, and the coun-
ties through which said railroad shall pass
are Allegany, Washington, Frcderick and
Montgomery counties.
"Fhird. The capital stock of said compa-
ny shall be two millions ol dollars, divided
into forty thousand shares of the par value
of $50 each
"ln witness whereof, we hereto subscribe
our names and ailix our seals this first day
of February, in the year 1890"
Washington and Cumberland's Bid.
When the day for the opening OF the bids
to lease the G. Il o Canal arriyed-Feb-
ruary 4th-it was discovered that only one
bid had been made, that by the Washington
and Cumberland Railroad Company, which
is s 100000 and an annual payment to the
State of $4,000 for a perpetual lease.
This proposal is, in brief, that the charter
OF the Canal Company shall be so amended
as to authorize it Ia lease its canal and all its
We! ks, property and water rights Of every
description to railroad company, which is
to build a railroad from Cumberland to
Washington. In consideration of the lease,
the railroad company proposes TO pay off, in
full, the bonds of 1878, amounting, principal
and interest, to 100000; also, labor claims
against the Canal Company for work done
and materials furnished to repair and re
store it-clams of the most mertorious
understanding to about $4,000;
also, a judgment for $50 900, constituting Il
first lien on the wharf property in Cumber.
land also, twenty five per cent of the prin.
cipal of the preferred construction bonds of
1874, which percentage will amount to about
$425 900; and also an annuity of $4,000 to
the State, redeemable upon the payment in
cash, of the sum OF 100000.
The road is guaranteed to be completed
one year after the proposition is accepted to
Williamsport, and throughout the whole
line in two years from the acceptance.
Gov Jackson sent the bill to the Lcgisa-
ture accompanied by message of approval,
and the matter has been referred to the
Ways and Means Committee.
The delegations in both Houses are to
meet to confer upon the question. Senator
Wootton, of this county, is opposed to the
lease in its present shape, but thinks it will
be passed.