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Transcription contributed by Martie Callihan 1 December 2004 |
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The History of Warren County Ohio Part III. The History of Warren County by Josiah Morrow Chapter VI. General Progress (Chicago, IL: W. H. Beers Co, 1882; reprint, Mt. Vernon, IN: Windmill Publications, 1992) |
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The navigation of the Little Miami by means
of slack water and canals was proposed in the early history of the State,
but it was never carried out. In 1817, the Legislature incorporated the
Little Miami Canal and Banking Company, authorizing it "to construct
such darns and locks, and to open such canals as may be necessary for
a practicable ascending and descending boat navigation on the Little Miami
River from the Ohio to the town of Waynesville." The incorporators
named in the act wore Abijah
O'Neall, John Satterthwaite, Richard
Mather, Thomas Graham, Isaac
Stubbs, Ralph W. Hunt, Jeremiah
Morrow. John Elliot, Patterson Hartshorn,
Zaccheus Biggs and John Armstrong. The
company was authorized to carry on a general manufacturing and banking
business; the capital stock was to consist of $300,000, and the subscription
books were to be opened in March, 1818, at Cincinnati, Milford, Gainesboro,
Lebanon and Waynesville. The company was authorized to receive tolls at
the rate of 10 cents per ton at each lock. It was expected that the canal
would make Gainesboro. which had been laid out two years before, a thriving
town, but work on the canal was never commenced, and Gainesboro, never
attained the importance anticipated by its projectors, and long ago ceased
to exist as a town. |
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