The second half-yearly meeting of the Grand Canal Company in 1844 seems to have been an extended affair. It was adjourned to allow the directors to amend their report on “the state of the company’s works” and, when it reassembled on Saturday 23 November, there was an unusually large attendance and a fractious debate, with several criticisms of the accounts and their “ambiguity and unintelligible nature”. The inconclusive meeting was eventually adjourned until 14 December, to allow proprietors [shareholders] to examine the accounts.
Amongst the critics of the directors was Mr H Bruce, who was unhappy with several aspects of the management of the company, one of them the extravagance of the directors. He said
He had taken the trouble of comparing the Grand Canal with the Royal Canal Company for two consecutive years, and he would give the meeting the result of that comparison.
Here are the elements of that comparison in tabular format.
Those with a keen interest in the Royal Canal Company will no doubt have been surprised to find its management being complimented for anything, but the comparison is interesting even if, as Sir John Kingston James pointed out, the Royal Canal Company had fewer [passenger-carrying] boats “and consequently they had to pay less for horse power”: it would have been fairer to compare the costs per mile.
On repairs, Mr Bruce said that
Every one knew that the Royal Canal was a much more perishable canal than the Grand Canal, for instead of being excavated, a great part of it was built. No canal was more liable to the danger of an outbreak on the country, and of being bored through, than the Royal Canal, consequently it required more money to keep it in repair than the Grand Canal […]. Yet, what was the amount charged for repairing the Royal Canal in 1844, though in that year a serious breach took place in it? — why, only £1869.
Note that salaries cost considerably more than did the boat crews and that horse contracts, for hauling the boats, were about four times the cost of masters and crew on the Grand and aboout six times that cost on the Royal.
Dublin Evening Post 26 November 1844