Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1826-01-25

the stocks of the Canal and Turnpike Compa-
MES acquired BY the application oil the income
of the fund, under the acts OF the General AS
sembly and Resolutions Of the Board, as YET,
pay any dividends, and the revenue derived
from this source, is at present very incohsi"e.a-
Bile. The appropriations made TO companies
with which the Board has thus become con-
nected, though unproductive OF Revenue, nave
not failed in producing good effect. a spi-
rit of improvement, it is believed, has been ex-
cited in som sections Of our State where none
existed before :. and the assistance ahorded III
several instances, has led to the undertaking OF
Improvements which otherwise would not nave
been commenced, and could not have been &C.
compished. The Board, however, entertains
the expectation that in addition 10 the dement,
thus conferred, revenue will IN time De de-
rived, which will enable il to extend the sphere
of its utility On the last loan Of S2oo,ooo LOT
the improvement of James River premium OF
$1,000 was obtained which it is respectfully
suggested, NAV by an act of the General AS
sembly be directed to be paid to the fund Tor
Internal Improvement, as the fund is charged
with the payment OF interest on TINS last as
we'll as the previous loans authorised Tor the
same object. The premium on the previous
loan Of S4oo, 900, was by an act of the last Ge-
neral Assembly directed 10 be applied IN TINS
way. The estimate Of disbursements Tor the
year does not embrace an appropriation 10 the
Monongaa Navigation Company. The con-
dition Of tina. Company cannot be satslae'o-
rily ascertained from the representations mace
by either of the two parties into which 1t would
appear to be divided, so contr adlctory are they;
enough is known however, TO induce Inc BOARD
to believe that the payments heretofore made,
will be nearly if not entirely lost to the fund
Under this impression, and from well found
ed belief, that the work will not be further pro-
secuted, no appropriation has been made, and
no payment on account Of TIM subscription to
that company will be authorised. his SUB.
ject has no, failed to engage the attention oil
the Board, but as it is known to be before the
Legislature, all the papers in their possession,
submitted at their present session by the COM
pany or members thereof, with Report OF
Committee Of this Board, have been directed
to be communicated to the Chairman OF the
Committee of Roads and Internal Navigation,
as in the opinion Of the Board, until the expl-
ration of the charter Of the company, nothing
can be done without some legislative provision
on the subject.
The Reports of the Principal Engineer on the
SURVEYS executed within the last season Of ope-
rations in the field, received by the Board, are
herewith communicated. They are summa-
ry report of his operations during the year,
and report on the improvement Of the west
Fork of the Monongalia river Reports accom-.
panied by charts on all the surveys enumerated
in mis- summary communication Will be submit
ted to the Board, or to the members ex ofhclo.
They are numerous, and afford satisfactory evil
dence Of his diligence and close attention to
the duties required of him. After his return
to this place from his field operations with a
view to prepare his reports and charts, he ex-
perienced a severe attack Of pleurisy, which for
the time ii continued and for some time after,
in consequence Of the very debilitated state IN
which it left him, rendered him incapable OF
doing so in time to accompany this report
They will be communicated by the President
of the Board.
Reports and returns from the several compa-
MES in the stock of which the Board is inter
ested accompany this communication. They
are as herein mentioned, viz:
The Upper Apponlattox Company,
Gainesville Bridge Company,
Dismal Swamp Canal Company,
Fairfax Turnpike Company,
Fauqu,er and Alexandria Turnpike Comply.
Falsbridge Turnpike Company,
Leesburg Turnpike Company,
Little River Turnpike Company,
Lynchburg and Salem Turnpike Company,
Manchester and Petersburg Turnpike Com.
Potowmac Company,
Richmond Dock Company,
Roanoke Navipation ComDanV
Smokers Gap Turnpike Company,
Swift Run Gap Turnpike Company,
Wllsburg and Washington Turnpike Com
pany, and
Return of the Monongalia Navigation Com.
All which is respectfully submitted
JOHN TYLER, President.