Evening star. [volume] (Washington, D.C.) 1854-1972, 1890-12-02
TINE G. AND O. CANAL.
The Bondhoidcrs at fsSS Now In rsssss-
siou.

The Bondhoiders .sf fst< Now In rssees-
SION.
WORK on RrrarR TO Bk PUSHED AND n 10 ~
Prcrrp TO Hr COMPLETED NJ NEXT nAx-AhL
THE MONEY now pKposrrED--ArFxAis WON'T
rSrERFERr WITH rnoonrss or rHE wosK.
Today Mr.. George Z. Hamilton ct the nrm
OF Morris A Hamilton. representing hs
trustees Of the Chesapeake and ONO canal
bondholders OF 1874, deposited in the psss,cs
court the sum of 5000. This action was taken
IN accordance with the terms Of the decree OF
the court At Hagerstown. Nd, by which uhe
canal was directed to be turned over 70 the
ooudholders Of 1874 10 be restored ~
waterway. This decree was similar
TO that OF the Maryland court 90 a. 20 fnciuoe
IN the transfer that portion OF the canal prop
erty lying within the limits Of the District
Last Friday the sum OF 500 GOO was deposited
with the court nj Hagerstown BY the bondhold-
ers of 1874 and in addition the sum OF slo.uO
TO pay the costs. The supplemental action re-
CURED by the decree Of the District court vas
ihe deposit Of 5000 20 cover the costs OF the
suit This condition was complied with today
anu the bondholders Of 1894 were placed IN
possession Of the entire property OF the canal.
WILL 90 ON WITH THk WORK.
yesterday the Maryland receivers OF Tho
canal Turned over the canal property In Mary
iand TO Bradley =. Johnson, one OF the trustees
OF the bondholders. Today. after the deposit had
been made in the District court. the District
receivers, Messrs. Henry c. Winship and Victor
.nshwa. transferred 20 the trustees OF the
honcholdcrs the canal property in this District.
inc trustees. who are John X. Cowen. Bradley
=. Johnson and III. L. Bond Of Baltimore. Rich
arc Bryan OF Richmond and H. III. keedy OF
WASHINGTON Washington county, Nd, at once took
company in Georgetown. II is the intention 10
apPoiht general manager of the canal, whose
once VIII be located in Georgetown. The
trustees VIII at once begin the Cork OF restor-
ing the canal rs a waterway. The Georgetown
level was restored some time ago.
AoREAT DEAL To M DONE.
There is a great deal TO be done on the sec
tion between the District line and Cumberland
and the trustees are now completing the de-
tails 50 that gangs Of workmen can be sent out
az once 60 repair tic dams and the culverts
Ihet expect TO he able TO have the canal ready
Tor Use by the LIST OF May which In the
ume hNed by the decree Of the court
appeals from this decree have been taken by
the canal company well as the state OF Mary
| land and the carcs will come before the court
OF appeals of MARYLAND in the January term.
The trustees of the bondholders of 1874 viii.
however. p 'oceed with the work OF restoring
me canal Without waiting for the appeal cases
| 20 be decided.
The COURTS ORDER To RE cAaRIED OUT.
The Baltimore S1a today says; The trustees
| for the bondholders Of 1874 OF the Chesapeake
and Ohio canal seem to be in earnest in their
intention TO repair the waterway To this end
there was deposited at the Farmers and Mer-
chants National Rank. on South street, yester-
day. upward of S200. 600 20 pay the bondholders
OF lstS IN fun. with accrued interest. This was
required of the trustees by order Of the court
before the surrender of the corpus OF the canal
| 20 toe trustees. The whole issue OF the repair
bonds Of 1878 was s5O0.0O0. Under the order
OF the court this was required to be settled be-
fore the creditors of 1854 could come in for a
claim TO the canal. OF these bonds upward
OF s3OO.OoO were purchased and controlled
| by the persons interested in the repair
OF the canal. who are understood TO be identi-
he'd with the Baltimore ard Ohio Railroad Com
pany. In the provision made for the settle
| ment OF this Indebtedness yesterday this amount
was not considered, but only the remainder,
| about Sl9soo0. with accrued interest. was to
| be paid. The bank commenced the payment
| OF this amount and the settlement OF a con-
| siderable portion of II was effected. The de-
posting of such "A large sum for this purpose
would show that the intention Of the trustees
for the creditors Of 1ss4 Is TO carry out the
orders of court IN giving them possession.
Gen- Bradley 4. johnson, who represents these
trustees, was in Hagerstown yesterday attend
| ing to some legal matters connected with the
| transfer. As soon as these are finally settled
the work of repair will be begun. Ii is stated
that By Nav 1. the time specified by the court
for the completion of the repairs, the canai viii
| be in full operation"