Memorial of the President and Managers of the Monogahela Navigation Company (Classic Reprint) - Softcover

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Excerpt from Memorial of the President and Managers of the Monogahela Navigation Company

Two questions arise on this proposed legislation:

First. Is there any sound policy to be promoted, or any grievance to be redressed by the passage of this bill? And should this question be determined in the affirmative? Second. What is the value of the property and appurtenances which the United States would acquire by purchase or condemnation?

Don't Desire To Sell.

The stockholders of the Monongahela Navigation Company are not ignorant of the fact that the United States Government has, at different periods, acquired works of similar character on the Muskingum River, Ohio; on the Green and Barron Rivers, Kentucky; on the Kanawha River, West Virginia, and also the works known as the Louisville and Portland Canal at the falls of the Ohio River. But they have understood that some, if not all of these properties were unremunerative, and the stockholders were willing to dispose of their interests to the United States. It is believed that this is the first time, or, at least, the first case, in which a corporation constituted by a State, to improve the navigation of a river within its borders, with works completed and in successful operation, has been threatened with condemnation proceedings, should it refuse to accept the price for its works which the Government may choose to offer for a precisely similar use, only free from toll. If there has ever been a parallel case in the history of our National legislation, it has escaped our attention.

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