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DISMAL SWAMP CANAL SOLD. New Jerseymen Acquire for $10,000 Property Which Cost $1,500,000. BALTIMORE, Aug. 18, 1892.-The celebrated Dismal Swamp Canal of Virginia has been sold at public auction by Theodore S. Garnett, trustee to Walter B. Brooks, Jr., of Baltimore, for $10,000 cash for the firm of Ross & Sandford, contractors, of Newark, N. J. The sale was made under a deed of trust made by Eugene T. Lynch and John C. Short, doing business under the firm name of the Norfolk & North Carolina Canal Company, in favor of the Exchange National Bank, William Peters, receiver. They transferred all of the property. Mr. Brooks said yesterday that the canal would be improved and opened by a syndicate composed of J. B. Sanford and P.S. Ross, of Newark, and Alexander Brown, Stephen Bonsal, William H. Bosley and Walter B. Brooks, Jr., of Baltimore. It is understood that the timber lands along the canal will be developed. The history of the canal is very interesting and dates back to the time of George Washington, who was the originator of the ditch. The casal costs $1,500,000, and it is a matter of great wonder in Nortolk and Tidewater, Va., that it should have sold for so small a sum and be allowed to go into the possession of people outside the State.