Author: Chesapeake and Ohio Canal Company

Publisher: Forgotten Books

Published: 2017-01-24

Total Pages: 88

ISBN-13: 9780243145003

Excerpt from Fourteenth Annual Report of the President and Directors of the Cheasapeake and Ohio Canal Company, to the Stockholders: With the Proceedings of the Stockholders in General Meeting, During the Year 1842 On consideration of the depressed condition of the affairs of the company, the most rigid system of economy has been adopt ed, in all its various departments.' All officers, not absolutely necessary to its management, have been dismissed, the salaries of others curtailed, and the wages of persons in the employment of the company, along the finished part of the line, so reduced as to correspond in some degree with wages elsewhere, and to enable us gradually to liquidate our indebtedness on that portion of the canal. The clerk's statement (c) shows the number of officers in the service of the company on the 3]st of May last, and their rate of compensation; and that marked D exhibits the pay of officers in service on the 18th of June, 1841 and 1842, respectively. By referring to the latter, it will be seen that a reduction of has been made in that branch of expenditure. A further dimian tion will be made in the course of a few more weeks. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.