ERAL STATEMENT FROM ORGANIZATION TO 31ST MAY, 1860.

Cr.

Canal....

ry

-$10,506,309.27
1,049,686.50

State of Maryland loan.

2,000,000.00

Ordinary.

al, under Virginia

200,000.00

422,668 33

254,141.69

663,611.94

4,593,750.00

9.975.00

372,769.00

12 9,137 33

5,728 00
170,381 29

intendents, Collectors

keepers...

eer department.
xpenses.

Guaranteed dividends payable out
of the net profits

Premium for converting paper....

429,548.99 Post notes bearing interest
446,456.66 Acceptances to creditors

56,012.74 Bonds issued in paym't of post notes

to creditors

to creditors Potomac Co.
interest to 31st Dec., '45

56,896.48

19,150.55

"for completion of Canal 1,699,500.00

"for repairs guaranteed

by Virginia.

"for repairs and loans
"for coupons paid

66

200,000 00

Certificates for repairs, &c., to 1545
Certificates for coupons funded....
Interest accrued to 1st Oct., 1853..
Certificates for registered debt··

45,727.14

142,545.00

4,295,44

186,424.28

2,111.12

interest accrued to 31st

Vithers & Co., coupon

Que on land sales

for rents...

rom agents..

in Banks.

133,345.18

140,000.00 Certificates to creditors of Hunter,

5,757.00

Harris & Co...

91,048.99

2,288 26

116,118.06

2,743.99 Chesapeake Bank of Baltimore..
5,393.37 Sundry balances

Tolls...

Water rents....

4,113.38

Rents of houses and lands.

22,662.64

Fines and penalties.

659.00

MENT showing the Cost of the Canal, Mileage operated, Earnings, Ex-
penses, etc., since completion to 31st December, 1859.

Ordinary Earn'gs in Exp's in
expenses excess of excess of
for year. expenses. earnings.
106,152 8,686

-20,119,759 184.5

92,249 4,034 1,444

97,727

186.218

88,491

10,127,379 184.5

145,100 4,215

776

150,091

108,093

42,008

10,160,465 184.5

119.306 3,875

120,946

3,242

10,201,762 184 5

138,675 3,927

946 143,548

131,897 11.651

10,234,235 184.5

153,051 4,200

932

158,233

108,524

49,709

.10,277,327 184.5

94,802 3,754 1,034

99,590

212,511

112,921

10,434,821 184 5
10,506,309 184.5

171,085 3,571 1,411

176,067

180,533

4,466

189,134 8,669

525

198,328

172,053 26,275

., 92,175,594 1660 5
ge, 10,241,733 184.5

1,213,906 39,685 8,939 1,262,530
993 140,281
134,878 4,409

1,326,917 141,491
147,435 15,721

205,898

22,875

SUSQUEHANNA AND TIDE-WATER CANAL.

(See Susquehanna and Tide-Water Cawal of Pennsylvania.)

POTOMAC NAVIGATION.

The Potomac Company was chartered by the States of Virginia and Mary
land in 1784. The object of the company was to render the river navigable,
and connect its head by an overland road with the western rivers. By the
subsequent efforts made to this end an essential amelioration in the naviga-
tion was effected, particularly at Little Falls and Great Falls; but these im-
provements being found inadequate to the exigencies of the growing com-
merce of the country, were superseded by the Chesapeake and Ohio Canal,
for the construction of which a company was chartered in 1824, and
which all the rights, interests and privileges of the Potomac Company
were provisionally ceded by a deed of surrender dated 16th May,
1825; and by a vote of the stockholders taken on the 10th July, 1828,
the transfer was consummated. From this date to the 31st December,
1830, the works were operated by the new company, and then abandoned,
the first section of the canal having already been brought inte use. The
only dividend made by the company during its existence was declared on the
2d August, 1802, and amounted to $3,890.

OPERATIONS OF THE COMPANY FROM 1ST AUGUST, 1799, To 31ST DEC., 1830.

Ys, end'g No. of Tonnage of

1800... 296

$2,138

1816... 550

4,210 1817... 856

8,197

3.479 1818... 746

9,778

1803... 493

5 549

345,473

9.354 1819... 775

7,550

420,818 13,107

1806... 203

1807... 573

15,080

1823.....

12,918

9,095 1825...

7,916 1826...

1827.

10,821

515,536 11,471

423,340 11,816 1829..

9,110 1830.
9,789

+33,424

*Ten months.

Total in 31 years and 5 months

Tolls from 1st July, 1928, to 31st December, 1830.

-$327,659