Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1820-12-14


to the Legislature. by means of the com
promise made with The James River Com.
pany, The entire c0utronl Of the business.
This compromise though elected on
terms satisfactory la the holders Of stock
IN the late James River Company, las
been most gainiul contract Oh the pant
OF The stale ; as II appears by all the state
menis. that their present revenues are All.
cquaie 10 the payment %! The interest of
The stock thereby created, VIZ $3.50 .O0O,
aud the expenses incurred tor coliec-
| ton OF tolls. and for Incidental repairs On
| their works. AND TO leave "a surplus of
$4,000 per annum, Which may therefore
be called clear gaiu ut 50 mucl, To the
| stale, already derived thereby, exclusive
OF The advantages hereafter io result from
the increasing use of the river.
But another, aud q very Important adj
| vantage Is already derived 10 The state
from the contract with the James River
Company namely, an unqWesiionablc
| rlgkt 10 make immediately "a new and
| more productive aud al the same time
moro equitable Tariff of Tolls than the
one now In force.
While the stockholders in the James
River Company, retained their, lights To the
euioymem, OF all the profits which could
he made under their charter. any modi-
hcailon OF the tariff, however obIeciion-
able n now Is, might have been attended
with difficulty. Certain articles have paid
TOO htile hitherto, IN comparison will
! others, whether viewed with regard to
weight or value. TO have enabled The
company by law, 10 have laid an addition
al io!! on such articles, might have been
Justly regarded with jealousy. as taking
money from the pockets of iadividu.
ais, Tor the purpose OF cnrlching couipa
ny, already thought to be- roo highly ia
vOrcd: now, that the whole net, profits
| Upon the tolls are 10 go into the Golfers
at the state, AN equitable modification OF
the tolls cannot reasonably b. objected
10, and /, IL 10 be presumed, that ali those
OIL whom The tolls operate, vii! cheerful
| ~ acQuicsce IN moderate and equitable
| eHbant emcni thereof when thry see, that
II VIII form the foundation OF a great aud
rapid improvement TO the navigation of
| ihe river, SO as al all times To assure them
OF tte means OF carryins their produce 10
market, III Il way more safe and speedy,
| anu cheaper, than heretofore Bui much
yci remaIus 10 be done, ere lie nOrk can
| be carried into successful operation
| | would Therefore propose an tie frs.
place, 10 procure the asseu, of HE i.g,sIa-
inre, that the money necessary for carry
| ing on the work shall be borrowed by
means o; a SIX d. cent s,oC k In be issu-
| ell by The state, The interest payable hall
! yearly.
| An experiment has alrca,Iy been
| made T. borrow money on the pledge Of
the interest being 10 be paid cut oil the
I surplus tolls, but In VAIN and sure I
| am, /, was from no want of exeriious TO
procure IL on The part of those entrusted
with this part OF The business-The truth
! IS, Thai most persons, having money 10
| irnG, are at all lines more ANXIOUS TO III.
vesi tbs money IN such manner, that
| they can readily have the command OF
| The principal, entire, than abou; the quan-
ium oil interest TO be produced ,hcreirom
and certainly this anxiety was never
| greater than AT present, as is fully de-
mons'rated by the prices now given Tor
! the Uuited States SIX " cent stoC ks
The principal invested therein, being con
siderpd entirely safe, and the interest paid
quarterly with the utmost regularity,
they now bear premiums Of six To eight
| $ cent, aEd ran be sold for cash, AL any
moment at these rates, those being hioh-
est, which are last in date 10 be reieem-
ed: whereas there Is no sort of demand
| for amy stock on which there is not a Ger
tain fixed dividend regularly aud punciu
ally paid.
| II, AHSH, Legislature are NPSiEOuS
| that HE work shall go forward, they sill
| agree 10 issue the stock necessary, in
| which case the difficulties of borrowing
money will vanish as tic lender will tbcu
| see positive security for the principal,
| which will render il convertible by sale,
and most probably al a profit, at any
time his occasions may require, and a
regular pay menl Of The interest 10 meet
| the purposes Tor which he NAV have spc-
claliy appropriated H.
To induce The Legislature TO authorize
the borrowing of half million OF dollars,
at " cent. interest, payable half yearly,
for the Improvement OF the James aud
Jackson River navigation, ] would pro.
pose an the merit place, for that considers.
ton, the Immediate adoption of new
! Tariif OF tolls, by which the revenue of
the company from their reuts and tolls
might at once be raised 10 fifty four thou
| sand dollars per annum, supposing the
use OF the river 10 beno greater Than ii has
been for an average OF the las; four wears.
propose for consideration, therefore,
The following Tariff Of Tolls:
| On Iobaeco, per hid. One dollar
Corn, corn meal, OATS, rye, peas,
beans and potatoes, per buslel, One
Wheat & barley, and SALT do. Two cents
Flour, cider, apples, beef
Whisky andO,her d0nNs-
| tic spirits, per gallon, One cent
| Rum, brandy, wine and
| other foreign liquors, do. Two cents
Hemp, bar iron and rough
manufactures thereof per ton, dollar & 2s cents
Castings do. Fifty cents
| Leaf and shot do Ouedulnr
Plaster of Paris Free, orr do Twrnt, live cents
Lime, per 100 bushels, Seventy five cents
Plank and ScaIlt-
ling, per 100 cubft. so et,. } orto be rated
Barrel slaves, i'll blets, per co do. sOnts carry
Do dressed, do. II do. 4 nr loads Of
Hoop poles, do 2 de. I cusl. VOID,
Shingles, do. do. \ &c
PIoughs, and all other implements