844 JOURNAL OF PROCEEDINGS [Mar. 30,

On motion by Mr. Brewer,

The vote by which said bill failed to received a Constitu-
tional majority,

Was reconsidered, and

On motion by Mr. Joyce,
Said bill was ordered to lie over.

Mr, Lloyd, from the Committee Appointed to examine fully
the accounts of the Chesapeake and Ohio Canal Company,
submitted the following Report of the majority of said Com-
mittee:

REPORT.

The undersigned respectfully report to the Senate, that
they have performed the duty imposed upon them by the fol-
lowing resolutions of your Honorable body, adopted January
20th, 1876.

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-
ical administered as a sound policy would dictate.

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

Thirdly. Whether the general policy of the Canal has
been with teference 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 tor the last
twenty years, under whose management it has been paid,
and the sums of money 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 Direc-
tors have received a compensation or consideration from the
preferred bondholders directly or indirectly," anu that the
said Committee have power to send for persons or papers, to
examine witnesses on oath, and to report to the Senate the
result of such investigation.

The grave charge had been made in the Cumberland
Times, that the President and Directors of the Canal Com-
pany had received, directly or indirectly, some compensation
or consideration from the preferred bondholders. This
charge had been repeated by the Hagerstown Mail, and by
the Baltimore American.

Your Committee deemed it proper, at the very outset of