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 the whole of the next operating season is expired, the residue may be appropriated to this important part of the navigation, and completed in the succeeding year;—Soon after this shall be accomplished, the company will be enabled to judge with precision, what farther is in their power, and if what they have done, should prove beneficial to the community at large, and the resources of the company be then found not competent to such a perfect completion of the whole internal navigation, as is contemplated by the act of incorporation, there can be little doubt but that an enlightened Legislature will extend its aid, to objects promising such extensive benefits to every class of citizens.

"It now remains for your Committee to venture an opinion on the mode of conducting the contemplated improvements. The observations already made will evince the necessity of strict economy in every operation. It will certainly occur to the Directors, that in a work so extensive, as that committed to them, much unnecessary expence, and much waste of time must be incurred, unless the executive part of the