Col. Baldwin, who superintended the construction of the canal, removed the first turf, Sept. 10, 1794. The progress was slow and attended with many embarrassments. The purchase of land from more than one hundred proprietors demanded skilful diplomacy. Most of the lands used for the canal were acquired by voluntary sale, and conveyed in fee-simple to the corporation. Sixteen lots were taken under authority of the Court of Sessions; while for thirteen neither deed nor record could be found when the corporation came to an end. Some of the land was never paid for, as the owner refused to accept the sum awarded. The compensation ranged from about $150 an acre in Medford to $25 in Billerica. The numerous conveyances are all in Sullivan's handwriting.
Labor was not easily procured, probably from the scarcity of laborers, as the wages paid, $10 a month and board, were presumably as much as could be earned in manual labor elsewhere. "An order was sent to England for a levelling instrument made by S. & W. Jones, of London, and this was the only instrument used for engineering purposes after the first survey by Weston." Two routes were considered; the rejected route was forty years later selected for the Lowell Railroad. The canal, 30 ft. wide, 4 ft. deep, with 20 locks, 7 aqueducts, and crossed by 50 bridges, was, in 1802, sufficiently completed for the admission of water, and the following year was opened to public navigation from the Merrimac to the Charles. Its cost, about $500,000, of which one-third was for land damages, was but little more than the estimate. Commencing at Charlestown mill-pond, it passed through Medford, crossing the Mystic by a wooden aqueduct of 100 ft., to Horn pond in Woburn. Traversing Woburn and Wilmington it crossed the Shawshine by an aqueduct of 137 ft., and struck the Concord, from which it receives its water, at Billerica Mills. Entering the Concord by a stone guard-lock, it crossed, with a floating tow-path, and passed out on the northern side through another stone guard-lock; thence it descended 27 ft., in a course of 5-1/4 miles, through Chelmsford to the Merrimac, making its entire length 27-1/4 m.
The proprietors made Charlestown bridge the eastern terminus for their boats, but ultimately communication [99] was opened with the markets and wharves upon the harbor, through Mill Creek, over a section of which Blackstone street now extends.
As the enterprise had the confidence of the business community, money for prosecuting the work had been procured with comparative ease. The stock was divided into 800 shares, and among the original stockholders appear the names of Ebenezer and Dudley Hall, Oliver Wendall, John Adams of Quincy, Peter C. Brooks of Medford, and Andrew Craigie of Cambridge. The stock had steadily advanced from $25 a share in the autumn of 1794 to $473 in 1803, the year the canal was opened, touching $500 in 1804. Then a decline set in, a few dollars at a time, till 1816, when its market value was $300 with few takers, although the canal was in successful operation, and, in 1814, the obstructions in the Merrimac had been surmounted, so that canal boats, locking into the river at Chelmsford, had been poled up stream as far as Concord.
Firewood and lumber always formed a very considerable item in the business of the canal. The navy-yard at Charlestown and the shipyards on the Mystic form any years relied upon the canal for the greater part of the timber used in shipbuilding; and work was sometimes seriously retarded by low water in the Merrimac, which interfered with transportation. The supply of oak and pine about Lake Winnipiseogee, and along the Merrimac and its tributaries, was thought to be practically inexhaustible. In the opinion of Daniel Webster, the value of this timber had been increased $5,000,000 by the canal. Granite from Tyngsborough, and agricultural products from a great extent of fertile country, found their way along this channel to Boston; while the return boats supplied taverns and country stores with their annual stock of goods. The receipts from tolls, rents, etc. were steadily increasing, amounting,
in 1812 to $12,600,
" 1813 " 16,800,
" 1814 " 25,700,
" 1815 " 29,200,
" 1816 " 32,600,
Yet, valuable, useful, and productive as the canal had proved itself, it had lost the confidence of the public, and, with a few exceptions, of the proprietors themselves. The reason for this state of sentiment can easily be shown. The general depression of business on account of the embargo and the war of 1812 had its effect upon the canal. In the deaths of Gov. Sullivan and Col. Baldwin, in the same year, 1808, the enterprise was deprived of the wise and energetic counsellors to whom it owed its existence.
The aqueducts and most of the locks, being built of wood, required large sums for annual repairs; the expenses arising from imperfections in the banks, and from the erection of toll-houses and public houses for the accommodation of the boatmen, were considerable; but the heaviest expenses were incurred in opening the Merrimac for navigation. From Concord, N.H., to the head of the canal the river has a fall of 123 ft., necessitating various locks and canals. The Middlesex Canal Corporation contributed to the building of the Wiccasee locks and canals, $12,000; Union locks and canals, $49,932; Hookset canal, $6,750; Bow canal [100] and locks, $14,115, making a sum total of $82,797 to be paid from the income of the Middlesex canal.
The constant demand for money in excess of the incomes had proved demoralizing. Funds had been raised from time to time by lotteries. In the Columbian "Centinel & Massachusetts Federalist" of Aug. 15, 1804, appears an advertisement of the Amoskeag Canal Lottery, 6,000 tickets at $5, with an enumeration of prizes. The committee, consisting of Phillips Payson, Samuel Swan, Jr., and Loammi Baldwin, Jr., appealed to the public for support, assuring the subscribers that all who did not draw prizes would get the full value of their money in the reduced price of fuel.
In 1816 the Legislature of Massachusetts granted the proprietors of the canal, in consideration of its usefulness to the public, two townships of land in the district of Maine, near Moosehead lake. This State aid, however, proved of no immediate service, as purchasers could not be found for several years for property so remote. Appeals to capitalists, lotteries, and State aid proved insufficient; the main burden fell upon the stockholders. In accordance with the provisions of the charter, assessments had been levied, as occasion required, up to 1816, 99 in number, amounting to $670 per share; and the corporation was still staggering under a debt of $64,000. Of course, during all this time, no dividends could be declared.