 The incorporators were Loomis, Alex Elliott and William N. Chamberlain of Washington, D.C., P. R. Ammidon of Boston, and Isaiah Dukens of Delaware.The initial capital to be raised by stock sales was set at $200,000, which could be raised if needed to $2 million.This bill would be submitted three times in as many years, failing to be passed the first two times, and on each occasion was referred to the Committee on Commerce.