Georgetown lock leak.

The water in the Georgetown level of the C. & O. Canal has been drawn off and will likely be off for a week for the purpose of repairing a leak at the first lock and giving the canal a general cleaning out. The compromise effected between the Baltimore and Ohio Railroad Company and the State of Maryland will, it is predicted, have a very beneficial effect upon the coal trade in Georgetown. By the provisions of the compromise the railroad company are prohibited from discriminating against the canal in their freights from coal mines on the Pittsburg road and the main stem of the Baltimore and Ohio road from Piedmont. Heretofore the rates from Piedmont to Cumberland were nearly as great as from Piedmont to Baltimore, and heretofore none of that coal came by the C. & O. Canal in consequence of the freight being too great. A few days ago President Gorman, of the C. & O. Canal company, presented a a bill in the Maryland Legislature looking to the construction of the Maryland canal, by using convict labor connecting with the C. & O. canal so as to have a direct line from Cumberland through Georgetown to Baltimore.

Owing to the exceedingly mild winter there has been no material interruption the to repairs since December first when they were begun. It is hoped that with the continuance of the present good weather the canal will be placed in navigable order by the first or tenth of April. The repairs are prosecuted in four divisions, and the work has given employment to upwards of 1300 men and 250 carts. Of the $500,000 in bonds authorized by the Maryland Legislature it will be necessary to negotiate not much more than $200,000 for the repairs. Over $60,000 have been already placed at par in New York and among the coal companies. It is claimed the canal has never before been so promptly repaired after extensive damage in so short awhile; and it is thought the work when finished, will be in better condition than before the freshet. Upwards of a hundred breaks have had to be repaired. Through these breaks the current swept away much deposit, the accumulatio of years, and where deposits were left by the flood everything has been cleaned out by labor, so that along the damaged line the canal will be free of alluvium.