Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1820-04-14
RICHMOND, NPRli- IA, ls20.
FOR TIE ENQUIRER.

statement oil the facts and reasons where
on they ground their belief. that the Loan
solicited by them is one which i, might he adj
Tisahle tor money holders 10 embrace, would
he useful 10 the pn;!ic, the President has
drawn np the subjoined fTpoSe which he has
submitted TO the undei sisned Directors aud
the cort ectness OF the facts therein stated laN-
ing been ascerfained by a reference To The
Books Of the Company, and the RepOr. of the
Engineers, the same is approved, aud agreed
10 be published IN the newspapers for the
Information oil those whom il may concern.
The following estimate of The probable
means OF TIE James River Company eva
bling tilem Ia paS interest on loans, and
finally 10 redeem the principal, is be-
iirvcd TO be one which v..i not be object.
ed 10, by those acquainted yi.h the sub
jec,, except Gil the srere of moderation.
liis confidently believed liza, Tie income
from tolls and rents, during series o.;
live years next ensuing, will dc!ray The
0fdinarv expenses az the company, inclu
auS the expenses oi annual repairs OH the
bed ot the rifer-pay the stockholders
their dividend OF ID per cent, and leave a
balance 81. Coco
WHICH will pay the interest on
ioih oi. lOO, 600
THIS belief is founded on an estimate.
taken iron The books Of ihe company, OF
iher average income for The last 3 years,
and assuming, as reasonable ground for
calculation, i!IaI il will not be less for
The next five years.
During Tie last FIVE the average o! tolls
rs. Observation-Disclosures. $50. lo6 80
And lie renis,pcr annuiE, were 4, 45O
In Observation-Disclosures. 30, $50 80
lie ordinary rXpinSes exclusive
oi repairs, are, say ..S4 55S
l2pcr cent on litg stock is l6 500
For annual repairs say &c, I9s -27 $50
Leaving 10 pay interest or loans Sc, 900
From The presenI state of the improve
menis, u u believed that The sum sci apart
for arnuai repairs, exceeds What will he
necessary bat il is though, safesi TO re-
serve an AMPLE fund for that purpose.
4 he expense 1T improving The Eaulia.
wa is estimaied by The Engineers al
$50 65O
Ii any credit is 20 be given 10 this cs,i
mate II will DE iAif,o say thai the expense
VIII not exceed $4,000; especially when
II is recollcG;ed, thai so soOu as these ina
prOvements are completed 10 certain
point, embracing about three touitlls of
the total expeure 10 the falls, the salt dis
frlct will be included, and the whole tolls
expected from that river, until The con,
nexIon by the coniempl dated road is made,
will be receivable.
lie amouu, 10 be expected from these
tolls, from the iime HE work is thus far
completed, was stated in The Hous, oi
Delegates, ny member from Kau-
fiawa county, Interested in, and az.
quainied ~Ith The sail trade, al the annu-
III sum OF. $50, 900
and that il might soon be expected
greatly 10 exceed that sum.
II Is understood thai has estimate was
founded oh the fact, that at present
100000 bushels of salt are annually sent
down the river, which al two cents, The
toll fixed by the Law, would give the IA
beve sum and that The Other tolls will
deiray all expenses ; bat thai so soon as
the contract by which The present sail
company are bound not 10 export more
than The above quantity, expires, the ex
portaiIon VII rapidly increase. Let us
take II though that the net revenue, and
that Tor series O: ten years, will not eX-
Ceen ..S6, 900
This will pay interest Oh
roam oi.... ...l0O, 900
The pledge OF the state tor. ..i2, ouO
per annum from the fund Tor
internal Improvement, and
which, is an ample and secure
tuhd, will pay interest on
ioaH oI ''''''' .2OO, QUO 90
Ill ali. 400, GOO 90
Deduct Tor improvements OH
kaniawa. so 900 90
---
Leaves. $50 900 90
20 he applied TO improvements on James
River TO PltaSants island, which incisdes
abe coal district.
The expense of that Improvement is
estimated by The Engineers al SLIGO, 792 90
But say thai il will cost. 49,. $50 600 90
We must reject the estimate of The en-
glneers entirely, as entitled 10 no kIud of
weight, and as forming no basis whatever
Tor cal, ulallon, if We are not justified i'm
assuming that sum as The ;aaXinum of
expense attending this section.
But II II be said that doubling the est
lnate Is 100 small an allowance for mis-
takes III calculating the expense of works
so extensive aud complicated IL may be
answeTed-that so far as regards the exc
peuse OF pLdnn excavation III The iov grounds
OF James river, that Is subject concern
ing which 10 great "rror is lobe appre
hended so too as IL locksge the ex
pense attending that operation, here and
etSepheTe, Is now pretty well understood
HE expense however OF plain ctcauation
and bridges on this section, taken from
The report Of the engineers, and combining
the calculation TO paris so plain as TO be
estimated by the yard, aud excluding all
those, estimated by Tie perch or in round
sums, and where difficulties in the est.
mate appear to present themselves, "a
nouns TO-. '.............. SOC, 1913 90
Tile iockage 81, 635 90
dn al TO-: ............. ..IO7 1903 90