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Canal, and in the city of Baltimore, beg leave to recommend to the President

and Directors the annexed terms of compromise, in lieu of the 1st section of the act of the General Assembly of Maryland, entitled "An act to provide for the continuation of the Baltimore and Ohio Rail Road to Harper•s Ferry, and for other purposes,· and of sundry conditions contained in the said act; which, in all other respects, except the modifications thereof, contained in the annexed terms, is left unchanged. The committee deem it unnecessary, if not inexpedient, to enter into a narrative of the various opinions expressed by themselves or the committee of the Rail Road Company in the progress of their negotiation; but avail themselves of this occasion, to do justice to the candor which marked the course of the committee of the Rail Road Company, and to express a hope which the assurances of those gentlemen, composing that committee, tended to confirm, that, if the proposed arrangement shall meet the approbation of both companies, the harmony which it is so desirable to establish and preserve in their future progress, will be restored to their mutual benefit. C. F. MERCER, W. GUNTON, W. SMITH The Chesapeake and Ohio Canal Company and the Baltimore and Ohio Rail Road Company, by their respective committees, covenant and agree to the following terms of compromise, subject to confirmation or rejection by their respective companies: 1st. To accept the act of the General Assembly of Maryland, entitled •An act to provide for the continuation of the Baltimore and Ohio Rail Road to Harper"s Ferry, and for other purposes,• within the time limited by the said act for the acceptance thereof by both companies, so as to secure to each its intended benefits. And as the purpose which the Legislature of Maryland had in view in passing the same, will be more effectually attained by a modification of some of its conditions the said companies mutually and reciprocally covenant and agree, in the event of such acceptance by both, faithfully to fulfil the conditions hereinafter inserted for their common benefit, and so far to modify those stipulated in their behalf by the act aforesaid, viz: The Baltimore and Ohio Rail Road Company, in consideration of the 6