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318
participated for many years in the management of the Canal,
feel themselves required, by a sense of justice and good faith,
to represent to your Honorable Body, that], under the system
which has prevailed, whereby, upon every change of politics
in the Executive or Legislative departments of the State of"
Maryland, an entire change of the officers of the Canal Com-
pany has taken place,; it has been found impossible to main -
tain any judicious, stable and economical policy, and that in
the opinion of your memorialists, the true interests of-all
persons concerned in said Company, whether as- creditors or
stockholders, will be promoted by a substantial compliance
with the prayer of the bondholders, as presented by a me-
morial to your Honorably Body, which has been submitted to
your memorialists, and which, in their opinion, suggests the
only practicable mode whereby the heavy incumbrances upon
the Company can be raised and the interests of your memo-
rialists and the other stockholders in the Company caa with-
in any reasonable time, be made at all valuable.
By authority of the United States of America,
WM. S. HUNTINGTON, Box T.
RICHARD WALLACH,
[L.S.] Mayor of Washington, D, C.
CHAS. D. WELCH,
[L.S.] Mayor of Georgetown, D. C.
By authority of the State of Virginia,
BRADLEY T. JOHNSON,
Attorney and Prox'y.
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To the Honorable, The Convention cf Maryland:
The memorial of William W. Corcoran, Horatio Allen, J.
B. H. Smith, George W. Riggs and J. Philip Roman, re-
spectfully represents, That the Chesapeake and Ohio Canal,
Company was incorporated by concurrent laws of the State of
Virginia, Maryland and Pennsylvania, and the Congress of
the United States, in the year 1825, with what was then con-
sidered ample capital to accomplish the great object of open-
ing a continuous water communication between the Ohio
river and the Chesapeake Bay. The States of Maryland and
Virginia, the United States of America, the cities of Wash-
ington, Georgetown and Alexandria, and various individu-
als became subscribers to its Stock to the amount of eight
millions, two hundred and twenty-six thousand dollars, of
which five millions were subscribed by the State of Maryland,
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