Littlefield, Potomac Company,
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Littlefield, Potomac Company,
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Image No: 28
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19 Upon your plan of raising money, it appears to me there will be found but two kinds of people who will subscribe much towards it. Those who are actuated by motives of public spirit; and those again, who from the proximity to the navigation, will reap the salutary effects of it . . . Washington suggested that Johnson sell shares to those unconnected to the Potomac by offering dividends from tolls collected on the improved river. Washington doubted that the colonial governments would aid the project because of the opposition from various sectional interests. He also said that Johnson would be more likely to attract support if his plans were more substantial and involved more than clearing the most easily removed obstructions from the river. Obviously reflecting his own speculative interests as well as those of the Ohio Company, Washington hoped that the project would get under way soon before the fur trade shifted to other routes, most notably, the Susquehanna route through Pennsylvania favored by the Walpole Associates. 32 The Potomac remained in its unnavigable state for nearly another two years until a petition filed by citizens i n western Virginia aaai n brought the matter before the House of Burgesses. Their request to fund improve- ments to the Potomac River out of the colonial treasury was rejected, but a committee,which included several Ohio Company members (such as George Washington and George Mason), returned a bill to pay for the project by a combination of a lottery and from subscriptions which would receive dividends from tolls. The bill passed and was assented to by Virginia Governor Lord Dunmore (John Murray) and the Royal Council in April 1772.33 32Fitzpatrick, ed., Writings of Washington, vol. 3, pp. 17-21. 33 Kennedy, ed., Journals of the House of Burgesses, 1770-1772, March 18, 20, 1772, April 3, 6, 9, 11, 1772; William Waller Hening, ed., The Statutes at Large: Being a Collection of All the Laws of Virginia from the First Session of the Legislature in the Year 1619 Richmond: George Cochran, 1823 , vol. 8, pp. 571-579.