Report From the Committee On Internal Improvement, Transmitting a Communication From the President of the Baltimore And Ohio Rail Road Company.

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J. I. ATKINSON, Secretary, of the Baltimore and Ohio Rail Road Company.
Extract from the minutes of the Committee on Finance of 3rc? of July 1839, and adopted the same day by the Board.
On the subject of the proper compensation to be allowed the president for his services abroad, he considers himself placed in a position of much delicacy, and prefers that it should, under cir- cumstances, be decided by the Board of Directors. The com- mittee have agreed, that the lowest amount offered him shoul
...d be $8000 certain, for his expenses and journey ; and that in case he shall succeed in disposing of the bonds, he shall be paid the furth- er sum of $8000, making in the whole about one half of one per centum on their estimated value ; and this to be clear to him of any commissions he may have to allow to foreign bankers or agents in carrying out the negotiation; and they have further agreed, that no diminution of his salary as president shall be made during his absence. These terms, taking into consideration, that Mr.

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