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Proceedings and Acts of the General Assembly, 1876
Volume 199, Page 694   View tiff image (43K)
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694

RESOLUTIONS.
 

and thirty-six, become the owner, by purchase, of

 

the fifteen thousand shares of stock subscribed by

 

the Cities of Washington, Georgetown and Alex-

 

andria, thus being the first to encourage a work

 

of great magnitude and utility, by owning two

 

millions and five hundred thousand dollars worth

 

of its stock, besides expending large sums of

 

money in explorations, maps and surveys, and

 

publishing the same with words of encouragement

 

as to the probable success and profits of the in-

 

vestments in said work; and

 

WHEREAS, By reason of such liberal subscription on

Preamble.

the part of the United States and the encouraging

 

estimates of cost by its engineers, and the reports

 

of prospective profits made and published by the

 

same induced a large number of private parties,

 

together with the States of Virginia and Maryland

 

to make investments therein, so that the State of

 

Maryland has contributed to the construction of

 

this work up to September thirtieth, eighteen hun-

 

dred and seventy-five, the large sum of twenty

 

million nine hundred and forty-one thousand and

 

seven hundred and forty-eight dollars and twenty-

 

eight cents; which latter sum the State cannot

 

increase in further aid of the work by reason of

 

constitutional prohibitions; and

 

WHEREAS, The increasing trade and demand for

Preamble.

Cumberland coal leads to the belief among pru-

 

dent and farseeing men, that an extension of this

 

work to the center of the coal basin, by the im-

 

provement of the navigation of the Upper Poto-

 

mac, would not only repay the investment, but

 

render all investments already made in the Ches-

 

apeake and Ohio Canal productive and profitable;.

 

and



 

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Proceedings and Acts of the General Assembly, 1876
Volume 199, Page 694   View tiff image (43K)
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