Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-22
A BRIGHTER OUTLOOK
Now for the Future of the Chesapeake
and Ohio Waterway.
ANOTHER APPEAL TO THE COURTS.
Friends Of the Enterprise Promise to 0per-
ate the Canal April 1.
PROTESTS OF THE OPPOSING COUNSEL
lrRoM A srArr ooRRrspoNprNr. !

| EROM A STAFF CORRESPONDENT. ]
WAsHINGToN September 21.-The peti
tion of the surviving bondholders of th,
Chesapeake and Ohio. Canal, filed the othel
day in the courts of this city, praying they
be allowed to pay the bonds and repair and
manage the canal themselves, is now sup
plemented by other interesting proceeding
before Judge Alvey, at Hagerstown, the
Judge who recently rendered decision il
| favor of the sale of the canal.
Messrs. Bernard Carter, William P.
| White, John P. Poe, s. Teackle Wallis
General Bradley T. johnson and John Z.
Cowen, counsel for the several interests in.
volved in the Chesapeake and Ohio Canal
case, appeared before Judge Alvey yester.
day. the object being the appointment Of
trustees to take charge of the sale of the
canal. but owing 70 the petition above re-
ferred to, 81. l.. Bond, Jr., read an answer
filed by the trustees of the bondholders of
1873, accepting the proposition set forth in
the petition of the 1874 bondholders.
''They are willing and ready" said Mr..
Bond, ''to receive from the bondholders of
1874 the money proposed by them. for
which they would turn over the bonds Sc
cured by said moneys"
THE STATE TO FoRECLosE.
General Bradley johnson. representing
the bondholders of 1874, asked that since the
trustees of the bondholders of 1878 had ac-
ceded to the proposition made by him, that
the State should forecIose its mortgage. Re-
ferring to objections which had been raised
hxvn l. IL
ing unlimited control of the work, he said:
"From 1868 until 1875, the only time we,
the "A people, ever had control, we made
81, 100000 as revenues In the seven years"
He also outlined the method of running the
canal, which would be pursued when the
work was turned over to them.
Ex-Governor William P. White, for the
State of Maryland, wanted to know if the
States interest, representing $40, ,000, 900,
was to be abandoned, as the petition made
no mention of reimbursing anybody but
themselves.
Mr.. Bernard Carter. representing the mi
nority bondholders of 1873, denied the right
of the trustees OF the bondholders of 1878 to
assent to any proposition disposing of their
claims without unanimous consent of all of
the 1878 bondholders. He furthermore de-
manded filing by this court of decree of
sale.
LIBEL ON JUSTICE.
John K. Cowen, counsel for the trustees
of the bondholders of 1873, said it was a
libel on justice to say that the canal is i'm
practicable as a waterway because of a fail
ure of business when that failure of busi-
ness was brought about by gross misman-
agement on the part of the canal company.
Put some one in charge who is capable of
running canal, and then the returns can
be taken as an estimate of the business done
Mr.. s. Teackle Wallis arraigned the State
for not acceding to the proposition of the
1874 bondholders, and declared its conduct
nothing short of scandalous." Mr.. Wallis
created much amusement by his witty
sallies.
Mr.. White then read an answer to the
petition of the 1874 bondholders, stating
grounds of objection on the part of the
State. Here General johnson, to "relieve
the apprehensions of the gentleman on the
other side," stated that the Baltimore and
Ohio Railroad had nothing to- do with the
petition presented by him, but his hacker
was Mr.. Joseph Bryan, OF Richmond, Va,
a man engaged in numerous big railroad
enterprises, and he (Mr. Bryan) would
furnish the money to run the canal.
READY NEXT APRIL.
Judge Alvey asked General johnson
when the canal would be in running order.
General johnson replied with emphasis that
it would be in operation by the first day of
April, 1891.
Mr.. White read a decree of sale formu-
lated by him for the examination of the
Court. He also read letter from the Board
of Public Works of Maryland, requesting,
in the event of decree of sale being passed,
that Judge Alvey would appoint the two
of this court as trustees. Mr..
Cowen also filed decree of sale to be used
by the Court if he passed for sale. A de-
clsion is looked for shortly.
LIGHTNFR