Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1832-03-10

Mr.. Broadus moved tho indefinite postponoment OF tho
bill and amendments He made this motion in order to
give the friends OF the bill opportunity explain what
appeared 10 be difficulty in its provisions. II was pro-
posed authorize the Company TO increase their caal
to 100000 dollars and he discovered from document in
his possession that the present capital 36o 000 which
was composed Of the subscriptions OF 90 900 dollars of pr
vate individuals 1000 dollars by the State and 200 600
dollars by the United States He wished TO be informed
by the friends of the bill what proportion of the increase
oil e capital was 70 be paid by private individuals and
what portion by the State; and until informed on these
points he should offer no argument in favor OF the
MIR. King stated that the company only desired the
State TO become subscriber an amount equal to two
nuns oil the sum advanced BY the individual stockholders
Az me request of Mr.. h the following statement and
letter were read by the Clerk:
The present capital OF the Dismal Swamp Canal Com
pany Is 36o,O00, with permission to increase it to any
amount deemed sufficient TO finish the canal. The State
holds IN stock. $6i O00 aud the Company owe the State
$4,000 The present bill proposes Xix the capital at
$oVooo0 and that much OF the debt due the State as
VIII with the old stock of SOL 900, amount to two-iiths
oil The above of $500 00O be absorbed by new sub
scripnon by the State.
The fund for Internal Improvement win then have
paace lett OF $4,000 in money, and by reason the
rise IN Bank Stock, sum nearly equal years interest
on inc debit this can be used at any other works
or can remain on ncrestShoud the Board of Public
works require larger amnunt for internal
Iy ean WIN great ease procure 100 or $4,000, from
either oil the Banks on the stock itself.
The price OF U. s. Bank Stock when loaned in
1920 was 81 TO 96. $40 sl,s
when payable in 1923, was 1O2 $4,000
Inc price ~ 'hiS time, l25 amount So, 500
Gan by the state $4,000
r, the last returns, S7ss, 3o4
Dcouc'oa'e SUBSCRIPTION, $1,000
Paid by others than the State, s72l3O1
Deduct U. s. Stock, 300 600
$52i,3oi
:, steamboats, s., tow boats, SC. siso,ooo
Paid by same and Norfolk county, in taxes
anIl m 10 IONS f..fa tnn,.
six years, LIE 600
SI,o2o, ii3
exclusive of 40 years interest OH the capital and cost of
steamboats, &C.
Amount of tolls receivedin 1927 S7,6s5
1929 1858
1880 IS,i37
1881 27O3O
Inc above shews Increasing prosperity and that the
iargc amount expended has been useful
improvements. The amount of taxes in Norfolk also
shews progressive increase The amount paid into The
Treasury this year, Sll,9l 1872 900 more than two
The foreign clearanccs and entries shcw
1879 The clearances were 81
1880 90
1881 l67
1929 s,
1880 on
1881 III
The coastng trade has improved In n greater pronoon
The landed property has also improved appearance
valuS-iots winch lew years since would bring Sl2
900 were lately sold at public auction for 50 5OO-nce
then $4,000 have been offered and refused For satis
teal exhibit oil the of the canal see paper No
III the House will authorize the transfer il will greatly
beneflt the whole Countrywide company will be enabled
to widen the locks to correspond with the locks of the De-
aware and Chesapeake Canal and thereby connect the
trade oil the Delaware with the Chesapeake Bay and all
the waters falling into it, with several hundred miles of
inland navigation near the OF N Carolina Mr.
Moore formerly State Engineer mentions his port of
lS2o, that plymouth loaded 200 vessels three months
and that Elizabeth city annually loaded upwards of hun
dred In the whole OF that part of the State we may cal
cuiae OF thousand cargocs wero annual
y sent away through the different inles sea-suppose
we get only one half 500 at 60 hogsheas cac3O 00O
than five times much the whole trade of the ca
nal at present-hen You build up Norfolk and make her
ourshing Sea Port Town. where the farmer can ARR
WIN certainty In short time good makct and at
much less cost than by railroad and also where he
can obtain his iron, SALT wooens and groceries upon
terms than any other part of the United States
Freight from Weldon TO Norfolk previous TO LIST of Feb
ruary. Since LET Eobrnor,,
oh ma Tobacco, 81 SO 25
Bbl. Flour, o 40 90
Box or Keg manufd Tobacco, SO I-3 25
From Norfolk TO Weldon.
On hid. Sugar, So 25 81 ~
Moasses 2 % *
Bag Coffee S7I.2 81
Sack Salt RI o5
Office Of Dismal S,cdmp Canal Companv, )
NORFOLK, December 18th, 1881 {
DEAR SIR: BY instructions of the Board of Directors
OF the Dismal Swamp Canal Company, | transmit here
with copy oil resolution adopted a recent meeting of
that Board "
II is known TO you that tire Canal Company is indebted
tnr lnan Of at,nl