Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1822-01-17

ments Qpsthe kan'twha, and also in the max
ING OF the turnpike road and that the public
m as soon as possible derive advantage
therefrom, the contractors will be instructed
to commence their operations mt Crisis, aud
proceed westwardly towards the Kanawha,
SO, as that communication may al once be
made from thence with the road running east
wardly ffom Crisis in the present state of inn
provenent.
| particular report of the finances of the
company, and all matters touching the same
will be laid before the Board of Public Works
in supplemental report SO soon as the same
can be prepared
JOHN COALTER,
president 81 The JameS Riuer Canal Company.
SUPPLEMENTAL.
The president and directors of the James
RIVER company regret that important bust
ness of the company, together will, their own
private matters, have put it out of their power
hitherto to make supplement to the report
heretofore made by them to the Board OF
Public Works
lnreSaru To Their money matters they have
now to report, that in consequence of the
provisions of the act requiring certain public
| officers to examine and settle their accounts
twice year, the last settlement of which was
IN July last, they have it not in their power
To make the next semi-annual statement till
'ultI tlc uTSt OIJdUuafy.
A copy of the result of the last settlement
is herewith enclosed, and they suggest the
proprlety in future, of closing the years ac-
counts, as it regards the Board of Public
Works, in July instead of January, so that
one years disbursements, &C. may hereafter
he before the Board of Public Works at their
annual meeting: aSreabIy to this plan it will
be perceived that for this year, the account
will only comprehend the transactions of the
six months preceding July last.
The moneys paid into the treasury to the
credit of the Board of Public Works on ac-
count of the company, has not been quite as
much as would be indicated by their report of
last year This is owing to the circumstance
that part of the balance of nett profits ap-
pearing on the hooks consisted OF out-stand-
1 ing debts due for rents, SIC. which have not
been collected, and will of course continue
! to form part of that balance until collected
| One source of revenue to the company has
been curtailed by an agreement which has
been entered into by them with John Staples :;
the rent due from him has hitherto amounted
to s 800 per annum, for $50 feet of land and
one hundred and fifty inches of water under n
given pressure. This land ad joins small
piece owned by the company, lying between
1t and that of Peter j. Chevallic, not enough
| though for site for mill il was proposed
by Mr.. Staples to re-convey seventy-livc feet
OF land adjoining this, which would make that
"a good site for mill, and seventy-live inches,
or one hall of the water, provided we would
reduce the rent, from the first of January last
to seven hundred and fifty dollars per annum
leaving him also the privilege of applying to
the legislature for any further relief winch il
might he proper for them to grant.
The company acceded to this propositions
principally on the ground that the number oi
water works on the canal not only iniure Inc
navigation, but when the new improvements
are so far completed as TO require "A consde-
rable use of the lower locks, they may be in
danger of wanting water and believing that
u this shall not be the case, they can again sci
the same water either at the site above, or tc
greater advantage perhaps at the basin, where
probably 1t could be more conveniently spar.
ed, and thus remunerate themselv es. In the
mean time it was thought prudent to possess
j ourselves of the water.
I The receipts of tolls and rents, as has here
toiore been suggested, will not be equal to al
average for the several years preceding
therefore the nett surplus applicable to IN,
payment of interest on loans Though the ar
binary expenses will not, it is believed, excect
5 5000 for the year ending the Slst Decem
Der, 1884,, will fall short of the last years sur
plus.
: The company have borrowed no mouey
TINS year ut greater interest than five and
half per cent.-These loans have been coniin
r ed to persons residing within this state.
5 II Is understood 10 be admitted by none,
holders in other states, that the funds pledge
for the payment of the interest on this loan
! may be very ample, and their continuance a
: well guaranteed by the faith of the state, a
though the loan was on behalf of the state
{ and that the final redemption of the debt ma
h1a cafply ,.rlc,I,toI L.. a..
s things are not expressly guaranteed by lib
y state, but merely susceptible of demonsira
!, ton from the acts Of Assembly, and othe
5 public documents, the loan, though valuabl
one TO those wishing TO make permanent in
u vestments, is not so readily convertible in MAJ
u ket, as to answer their views. Ii has howe
y yer, been pretty satisfactorily ascertaned thu
5, a state stock, even at . per cent would Sc
i for more than par, which clearly shows {
those wishing TO make permanent invest
b ments, that the stock now offered To- the pul
{, lac at FIVE and a half per cent, must be mo
:, valuable stock.
JOHN COALTER, President.
c Richmond, Dec. 10, 1921.
/ Expenses Of The James River Company from q
Is Isl IF January, 10 The 30M of June, 1891.
IN OFFICERS SALARIES.
e, Hez'h. Mosby, toll gath
A. erer, 100000
y Robert Pollard, Clerk and
ID Treasurer, 500 90
y William Piggott, Keeper
lc of the upper locks, 237 90
&c John Brown, Keeper of
le the lower locks, 100 90
I'd --------
IN 1887 81
IN Charges, 451 q
ty Clotbing, 10 ~
= Expenses for inn
la, 10