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The flood of 1924, onlookers watching the flooded Potomac River at Lock 38

The flood of 1924 was caused by heavy rains in the Potomac valley on March 28 and 29—shortly after the canal had opened for the 1924 boating season. Since the flood of 1889 that had forced the C&O Canal Company into bankruptcy, the canal had been in receivership and under the authority the court. However the receivership was essentially controlled by the B&O Railroad that was the chief bondholder under the mortgage bonds of 1844 and 1878.