1876.] OF THE SENATE. 63

or has ever existed with any member of the Board, or any
officer of the Company, and no sum of money, great or small,
by way of percentage, or otherwise, has ever been paid or
agreed to be paid by us, or as far as we know or believe, by
any other Bondholder, to any Officer or Director of the Com-
pany, in consideration or on account of any coupon paid or
to be paid, or on any other account whatever. The accusa-
tion, whether it is intended to embrace the Board collec-
tively, or its members individually, is wholly false and un-
founded.

W. W. CORCORAN,

RIGGS & CO.,

WILSON, COLSTON & CO., Agents,

BURKE & HERBERT, Alex., Va.,

R. H. DULANY, (By B. & H.,)

A. B. DAVIS,

N. & J. P. POE,

JOHN S. GITTINGS,

JOHN PURDY,

W. GUNTON.

Ordered, That a Committee of three be appointed by the
President of the Senate, to examine fully the accounts of the
Chesapeake and Ohio Canal Company, to ascertain :

First. Whether the affairs of the Company are as econom-
ically administered as a sound policy would dictate.

Secondly. Whether the purchases of material have been
made with a strict economy, and without compensation or
consideration to any of its officers or employees.

Thirdly. Whether the general policy of the Canal has been
with reference to the best interests of the State, and whether
in the carrying out of such policy, any sacrifice of individual
interests has been made.

Fourthly. To ascertain the amount which has been paid
on account of the indebtedness of the Company for the last
twenty years, under whose management it has been paid,
and the sums of meney paid under such management, and to
enquire particularly as to the truth or falsity of the charge
made in the public prints, "that the President and Directors
have received a compensation or consideration from the Pre-
ferred Bondholders directly or indirectly;" and that the said
Committee have power to send for persons or papers, to ex-
amine witnesses on oath, and to report to the Senate the re-
sult of such investigation.