As energetic men all along the Atlantic Plain now took up the problem of improving the inland rivers, they faced a storm of criticism and ridicule that would have daunted any but such as Washington and Johnson of Virginia or White and Hazard of Pennsylvania or Morris and Watson of New York. Every imaginable objection to such projects was advanced--from the inefficiency of the science of engineering to the probable destruction of all the fish in the streams. In spite of these discouragements, however, various men set themselves to form in rapid succession the Potomac Company in 1785, the Society for Promoting the Improvement of Inland Navigation in 1791, the Western Inland Lock Navigation Company in 1792, and the Lehigh Coal Mine Company in 1793. A brief review of these various enterprises will give a clear if not a complete view of the first era of inland water commerce in America.
The Potomac Company, authorized in 1785 by the legislatures of Maryland and Virginia, received an appropriation of $6666 from each State for opening a road from the headwaters of the Potomac to either the Cheat or the Monongahela, "as commissioners ... shall find most convenient and beneficial to the Western settlers." This was the only public aid which the enterprise received; and the stipulated purpose clearly indicates the fact that, in the minds of its promoters, the transcontinental character of the undertaking appeared to be vital. The remainder of the money required for the work was raised by public subscription in the principal cities of the two States. In this way £40,300 was subscribed, Virginia men taking 266 shares and Maryland men 137 shares. The stockholders elected George Washington as president of the company, at a salary of thirty shillings a year, with four directors to aid him, and they chose as general manager James Rumsey, the boat mechanician. These men then proceeded to attack the chief impediments in the Potomac--the Great Falls above Washington, the Seneca Falls at the mouth of Seneca Creek, and the Shenandoah Falls at Harper's Ferry. But, as they had difficulty in obtaining workmen and sufficient liquor to cheer them in their herculean tasks, they made such slow progress that subscribers, doubting Washington's optimistic prophecy that the stock would increase in value twenty per cent, paid their assessments only after much deliberation or not at all. Thirty-six years later, though $729,380 had been spent and lock canals had been opened about the unnavigable stretches of the Potomac River, a commission appointed to examine the affairs of the company reported "that the floods and freshets nevertheless gave the only navigation that was enjoyed." As for the road between the Potomac and the Cheat or the Monongahela, the records at hand do not show that the money voted for that enterprise had been used.