Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1826-01-21

the board, may be extended TO other and new
works of improv ement in sections of the state
which have received little or no benefit from the
fund. This expectation was expressed and nduls-
Ell In by the Board IN their last annual communca-
tion. in which, however, they were led
by the buythen ihrown upon the income of the
fund in being made chargeable with the paymen,
OF interest on the loan created for the improve
mcnt OF the James River. The amount paid on
this account last year was sS45,556 10, from
which may be deducted the surplus tolls of II 1897,
dolls cents, and premium Of III, 900 dollars, re-
eeived on the loan OF 400 900 dollars, amounting to
2l,3S7 dolls O4 cents. which will give the actual
amount OF interest paid. The interest payable on
these loans this year is SO 673 dolls so cts which
cannot be expected to be reduced by surplus tolls
and premium on the last loan of 5000, 900, (f it
shall be added to the fund) more than SIS, 900,
winch VIII leave chargeable upon the income, and
10 oe paid on account Of that Improvement prior to
tne Soth November next the sum of S46,673 so.
Ans view OF the revenue OF the fund shews that
ue payments on account OF interes; on the James
hiver Company loans is nearly equal TO one half
OF the annual receipts. An increase of tolls under
the new tariff, which has recently gone into opera
uoh' may, however, be calculated upon, AND a far
'ner improvement In the receipts of the Company,
arising from an incres,e of products, which NAV
seek market by this navigation, may be expected
10 take place Ifthese expectations are realized
ana all must concur in the hope that they may be-
the Disposable fund will be relieved in an exact
ratio with the improvement in the Revenue of the
Company.
a comparison Of the receipts Of the last year
with those OF the preceding year, exhibits an in
crease OF revenue, and a saving of nearly two
thirds OF the cos, of surveys, SC. of the previous
year, was effected in the last: the expense that will
be incurred during the present year will be incon-
siderable, and 1t IN satisfactory TO the Boar! to
nave II In their power TO say, that at the time
their revenue has Increased, their expenses have
diminished But few of the stocks of the Canal
and turnpike Companies acquired by the applica-
ton OF the income of the fund, under the acts of the
General Assembly and Resolutions of the Board,
as yet pay any dividends, and the revenue derived
from this source, is al present very nconsderable
ne appropriations made TO companies with which
the Board has thus become connected, though
unproductive of Revenue, have not failed in
producing good effect. A spirit Improvement,
Is believed, has been excited in some sections Of
our etate where none existed before; and the US
sistance afforded in several instances has led to the
Undertaking ofimprov ements which otherwise would
not have been commenced, and could not have
been accomplished. The Board, however, enter
'ains the expectation that in addition to the benefit
mus conferred, revenue will in time be derived
which will enable it 10 extend the sphere of its
utility. On the last loan of $500 900 for the i'm
Proveinent OF James River premium OF $1,000
was obtained which it is respectfully suggested,
may by an act OF the General Assembly he directed
TO be paid TO the fund for Internal Improvement,
as the fund is charged with the payment of interest
on this last as well the previous loans authorised
Tor the same object. The premium on the previous
loan oil S4OO, OO0, was by of the last General
Assembly directed 20 be applied in this way The
estimate OF disbursements for the year does not
N tim H. Al
CATION Company. The condition of tina, Company
cannot be satisfactorily ascertsned from the repre-
sentati2ns made by either of the two parties into
winch IT would appear TO be divided, so contradic-
tory are they; sn9ugh is known however, to in
duce the Board TO believe that the payments here
toiore made, will be nearly if not entirely lost to
the fund. Under this impression, aud from a well
founded belief, that the work will not be further
no appropriation has been made, and
no payment on account of the subscription to tina.
company will be authorised. This subject has not
failed to engage the attention Of the Board, but az
II Is known to be before the Legislature all the pa
pers IN their possession submit ed at their present
session by the company or members thereof with
Report oil a Committee OF this Board, have been
directedto be communicated 10 the Chairman oil the
Committee Of Roads and Internal Navigation, AZ in
The opinion OK the Board, until the expiration 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 opera
tons in the field, received by the Board, are here
with communicated. They are summary report
OF his operations during the year, and report on
the improvement OF the West Fork of the Monon-
gala river. Reports accompanied by charts on all
the surveys enumerated in his summary commune
cation will be submitted TO the Board, or TO the
members ex oifcio. They are numerous, and afford
satisfactory evidence of his diligence and close at
tention to the duties required of him. Aver his
return to this place from his field operations with
view to prepare his reports and charts, he ex-
perence severe attack of pleurrsy, which for the
lime It continued and for some time after, in conse-
quence OF the very debtaed state in which il lei,
him, rendered him incapable Of doing 80 in time to
accompany this report. They will be communica-
ted by The President of the Board.
Reports and returns from the several companie.
in the stock of which the Board is interested ac-
this communication. They are as herein
mentioned, viz:
The Upper Appomattox Company,
Gainesville Bridge Company,
Dismal Swan, Canal Company,
B'arfax Turnpike Company,
fauquier and Alexandra Turnpike Company,
Falisbridge Turnpike Company,
Leesburg Turnpike Company,
Little River Turnpike Company,
Lynchburg and Salem Turnpike Company,
Manchester & Petersburg Turnpike COMPANY,
Po;owmsc Company,
Richmond Dock Company,
Roanoke Navigation Company,
Smokers Gap Turnpike Company,
Swift Run Gap Turnpike Company,
Willsburg and Washington Turnpike Com
pany, and
Return the Monongslia Navigation Com.
All " hich is respectfully submitted,
JOHN TYLER, President.
Richmond, I7th Jun. 1926.
The Editor Of the " Sentinel Of the VoYey'
(of Woodstock, Shenandoah county, is at Wash