Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1833-08-15
1auES RIVER IMPROVEMENT


=. ,owerful upon the helpless.
JAMES RIVER IMPROVEMENT
Gentleman writing from Kanawhs To his
o...nd n this place, on the subject OF the new
..b.n,e for raising the money for the James River
Kanawhe imptosehlen', says: -" th,ik v :.
l,pIly of the seheme OF borrowing the fund neces.
49,. in the way therein sugg estcd, making all IN.
,.,.s,ed who hold real estate IN the BOUNDS stated
ifbere seems 10 be some justice in the scheme. us
,b,v will be most benefited, and OF course most in
,s,,a,ed will for one Join most heartily in the
,ause, and hold gteat deal Of property in the
limis'
The scheme alluded to in the foregoing extract
u that. recently suggested. OF making the james
Rive. improv,m III sectional work-the State
10 bortoa tho m icy, and tae 'cuI properly Of the
section interested in its con plc,on TO be ploig, d
far the exinguishment OF the debt bus create
IL IS clear TO thai the plan of ndv dual subsefip
.,on, mas failed, and tina, even the missionary *
uedtlon, propose5 by The Richmond meeting, ca.
NJ, reg ,scrtate It. And even # IT could we regard
,h, pInn proposed as lis substitute, as n6nnel,
preferable TO 1t, ID every particular. Had II been
originally adopted the work would have been IN sue.
oessfu operation before this time and no man who
stientlvty investigates II can doubt, that, should
II bc now substituted for the plan that has so long
Knocked US with its ceitful promises, it will be
freely moc efficient In lis character and even still
more RAPID IN It's progress than the operations of
,,.,.,,Dy I,osrI mr. on midi ltlusl
We hope our sdcrs will not forget that there
isameeung 10 be held, in relation to this suhec,
al the Flanhln Hotel. ON Saturday afternoon next
V,.nis 8aak v. diverted some week,
MO, To an article wdich hal appeared in the Ere
dercGshu & PCT ers, lntinat'ng nat an ap 'icatlon
would shortly be mad. to the President aud Dree.
,or. OF the B.uk Of Virginia. to call another meet
ing of ne stockhoIers OF that institution, for the
plrpose ofrc-coasiler,ns the voc Of the former
meeting, by which i, hal been determined to sub
Scrip. for joJ .nares Of the james River and R,-
n.xha STOCK rn,s app!caton has been made
and We Dat, in the Freder;k,birg Herald. OF tn
loh inst the following proceedings Of the Board
Of Oirsetors stating the grounis on which it WAS
rejected very properly, VIC think
meeting fthe Pr slicnt snd Directors Of
the Bank Of Virginia, Tuesday, tn goth Ju.
ly 1885,
In. written application Of al Gordon and 9th.
or stockholers (sny IN nuo,orr, and holding up
wa,ds Of t1rrc hundred shares made 10 this Dor Il
10 all meeting of the stockholders for the reasons
the' in forth for the purpose Of re-con.idorln j;
the order Of the meeting held on the 9th and 18th
May lass rclalive o the subscription by THIS Bank
Il the J,nes River AMI Kama VIVA Com ,any wa.
talen up and considered
Whcceupou, il was resolved that the signcrs of
tire said application be respc afilly informed that
ii board decline calling the meelin = The follow
ing reasons:
Is, Because this bo,rd doom il their duty 10 sub
scribe TO the stock of the SAID company, ia obcdl-
onc3 to the ordr If the Stockholders, convened on
tbe eth and 9Sth May last, and actually instructed
inc President to make The subscription at their hs
haa thereafter
u b 'can>o the board doubt the right of n sub
seqaent meeting to nulhfy tn. subscription ordered
IN na ic vt preceding tncctIns by majority of
a the votes that could legally be e>ven, and more
especially atcr such subscription shall have aclu-
ally been made.
81 Because the subscription by the Bank must
BE- imperative, IN consequence of the deficiency Of
upwards of 500 900 in the amount Of subscription
requisite 10 aHthorse int establishment on the 'o
fany, and therefore another meeting, which might
either confirm rescind the order already made,
is wholly unnecessary.
4th Because 4 is fhc2lt to procure a fnR meet
Ing Of The s,ockho .ers during the sutumnel month.
al II would be unfair thai question Of iniof-
tancc snoult be j'cid j Al thin meeting.
9th, because II IS liz thu power et The stockAold-
ers who have made the afor said Application, to
call meeting without the intervention OF this
board SHOULD they denm such measure exPedi.
eni. An extract from the proceedings
A RlRINSON In ca.