urth of the net receipts of the previous year), and an additional loss entailed by the suspension of business for six weeks. When we recall that business was entirely cut off by the ice of winter, it will be readily seen that these were expensive repairs, and such repairs delayed the payment of dividends.
In the year 1808, both the president, who was then the governor of Massachusetts, and the agent, Col. Baldwin, died, and the outlook for the future of the canal was dark indeed.
John Langdon Sullivan, the son of the governor, was appointed agent, and brought to its service the executive abilities and talents he possessed.
Under his management the business and income of the canal increased, as the years passed on. On April 4, 1808, he issued a rigid code of Rules and regulations.
But two copies of these are now known to be in existence, one of which is in possession of the writer, kindly presented by Judge S. P. Hadley of Lowell (whose father was for years the agent at Chelmsfo