Evening star. [volume] (Washington, D.C.) 1854-1972, 1890-08-11
THE WRECKED WATERWAY.
Receivers Winship and Cushwa Think Il
Would Pay to Restore the Canal.

The fourth report of Henry G. Winship and
Victor Cushwa, receivers of the District portion
of the Chesapeake and Ohio canal, has been
filed with the Supreme Court of the District.
The receivers state that a civil engineer familiar
with canal business has been employed to 60
over the entire length of the canal and make
measurements and estimates. He reports that
the cost of repairs will be s165, $685. which, when
added to S39,095, required for certain lock
gates, DC, needed for the effective operation
OF the canal, will make about 600, 600, which
will be the total cost Of putting the canal in
full navigabie order from the Potomac at Cum
Derland to Rock creek at Georgetown. They
advise that in case this work il undertaken and
completed the canal shall be apportioned into
nine sections. each section 10 be under the con-
troll OF section boss at $500 per annum, with
carpenters, lock keepers, inspectors, harbor
masters, collectors, clerks, trimmers, la
borers, &C., in all $50 employees, at
salaries from s2O0 to $500 per annum, all under
general superintendent at $1,000 per annum,
the whole salaries being S5S, FAC. 80. To this Is
to be added the cost of material needed to keep
the canal in running order, extra work in an
ntal repairs and contingencies. making the to-
tai annual cost of operating the canal est, 600
Ihs receivers exclude from their estimate OF
the cost OF running the canal the cost OF operat-
ing the Cumberland coal wharf and the outlet
JOCK the POLOmac LOCK ana DOCK company
above Georgetown. They do not think the canal
should pay the charges for telephone service.
On the basis of repairing the canal for $780,
900 and operating it for $50, 900 per annum
they claim that the canal would be profitable,
for the presidents Of the coal companies have
assured the Maryland receivers that 450, 900
tons of coal viii be sent over the canal each
year. The receivers think that with this out
put of coal and other certain business an an
nual income OF e200, 600 can be realized by the
canal.
with the surplus earnings Of $780, per
annum over the operating expenses" con-
tlnues the report, 'your receivers believe that
with wise and proper business management the
Chesapeake and Ohio canal can be relieved OF
its present floating Indebtedness, its bonded
indebtedness of 1878, together with
the interest and the indebtedness to
be incurred in the repair of the canal for
business operations and other known indebted
ness subsequent to the bonded Indebtedness Of
1874, in about ten years, and that then the
claims of tho other bondholders could be
hquidated."
They add that If the courts should deter
mine to sell the canal the bondholders could,
If they desired, agree upon plan for the pur-
chase and reorganization, and plan of funding
the present Indebtedness might expedite the
settlement Of the debt outstanding against the
canal The receivers further report that since
the filing of their third report they have dis
bursed to August l, 1880, $4,000 and have col
lected S1,l00 from the Washington Gaslight
Company for rent of wharf