Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-12-30


plan Mr. &. wished it could but he convinced it
could not How had il been effected thus far. BY a
violation of the longestablished ths SYSTEM for
the STATE had already subscribed for half of the
stock OF this Company. The Bank of Virginia had sub
seribed S3OOOOO the Cooperation ofRchmond $3.50 000
anu now, II was proposed that this Corporation should
make further subscription of 500 900. Thus, tho
Company had scarcely feature resembling the other
Joint Stock Companies Of the State We are told that
some subscriptions yet to i'm from the countless
why are they not here at this time? The Agents knew
mat the Books must be closed by the 3ls OF December
ana tlnt the Stock not then filed up, the charter
would be forfeited The gentleman from Nelson believes
thati we wait 5days these subscriptions will be received
Mr. c. believed the gentleman thought but he differ
ca from hpn IN that opinio--and MIR. G. had his side
one act of neglect the part of those agents prove
what might be expected from them, while the gentle
man had no act OF promptness their part to shew that
hcy might be depended upon TO transmit these subscrp
IONS and to sustain his application for delay. Mr.
@. had little faith in the calculations of the gentleman
from Nelson He wouldas xtend the for year
Tor fortnight and he should do with the expectation
oil gong on IN the same way from year TO year with
prospect of termination. The charter dies the 3Is
OF December, and he hoped the Legislature would
let IL die, with view TO resuscitating the scheme in
new form, with prospect of permanent and
more vigorous existence 1t may be that his zeal ran
away with him this subjcct-and that his desire
the work in fair way TO succeed, made him inpatient
OF r tardy movcment OF the present scheme. But he
was fully convinced, that had proposition been made
last year to prosecute the work State account, it
would have succeeded unless thclrends of the present
scheme had deserted it. You had last year a tic upon
the East, which they could not have escaped They
could not have refused to go with you had you made such
notion Ihc tic you had upon them, was that of inte-
rest-thc strongest agent in moulding the minds of men,
OF which Mr. g. had any acknowledgement you allowed
the golden opportunity to slip from you and If the
proposition were to be made at this session. it could
not be made under auspices favorable If the
tension OF tune was granted, it would be late in the
session before such motion could be made and the
discussion upon IL would come Just the close of
er aoos when every part of the State would have OBJ
tanned all that 1t had asked for and would therefore be
but little incned TO hid in carrying extensive plan.
Even at this moment, Mr. G.. free say-let the
State take the improvement-lc. this work be first pro-
dol i'm fho
sur TO such other works deserve the aid of the State
MIR. Garland of rose to respond to the inquiry of
tne gentleman from Nelson. MIR. G. knew that agents
had been exerting themselves in the county Amherst
ana that subscriptions to considerable extent had been
MADE To the stock which the first instalment would
Dc promptly paid He thought it surprising that oppo
son should be made 10 this scheme in its present stage
whsn they were so realizing all that had been
ucpatcd Tor the last three yearswhen improvement
promising such immense benefits to the State about
to be commenced And what are the reasons for this
opposition? The gentleman from James CITY saws that
our plan will not succeed strange opinion when the
company Is on the very verge of Mr.. c. be-
heved that the joint stock plan was the only one
were abandoned, and the work attempted on State
account the deep interest now felt by the commu-
n;ty IN It's completion would be destroyed, and he
ld no faith in the success of such project Fifteen
days only We're asked complete the Stock of the Com
pahy and If then the charter failed, there would bo
plenty oil Tune To bring forward proposition complete
the work on State account But he believed that even
then such motion would find but few advocates He
trusted that the objection would be further urged
and that the time asked for would be granted.
Mt Johnson of H. said, the amendment moved by the
gentleman from Boetourt was very important 15days
was toaght 70 be moderate time, and after balancing
tween ten fifteen and twenty he had concluded that III.
teen would be sufficient for the objects of the company
and was not too much time 30 ask of the Legislature
Is 1T, SAID MIR. j., the desire of this House 10 defeat
tins measure upon which il has been cgs!ating for
three years Iii be- let the leave asked be refs-
co-Snd s:n ali The labor, all the legislation all the
opes, which have grown of this scheme will have
sssn most eecual defeated Iftis the intention ofths
Iousc to abandon the James River Improvement in its
present STAGE has nothing do but to refuse The leave
10 erlng in the bill which is asked for. a
friend OF the James River Improvement can scayce
y be of opinion that this ought to be done The
gentleman from James City does not anticipate the
aoandonment of the work He only doubts The pro-
priety and feasibility of the scheme and thinks IL
sou1 be better done State account But let me ask
hn said Mr. j. if he believes that four millions can be
obtained from tie State for the performance of this
work. lie may possibly believe il; but Mr. j. did not
believe IT. Even TO that gentleman it must be doubt
si AT least Bat on the other hand if this suhscrip-
uoh Is cc:npieGe, as we hope and anticipate, SO
much of the difficulty Will have been conquered:
that four millions will have been pledged. Whatever
opinions genecn may entertain to the ultimate cost
oil TINS Improvement he presumed was of
opinion that the expenditure of four millions upon
1T would retard the work So that the argnment that
after this has been expended the State NAV be
rcsor'ed TO, to complete the work. did appear TO Mr.
OF much Importance: We told that after all that
Is now subscribed shall have been expended and fod
TO be insufficient the State will go and finish the work
Suppose that should be sols that any objection TO
the present scheme! Surely not. The State shoud
she then continue the work, will have but half 70 do
which she would have had to do had she undertaken
the work at first If this corporation should fail how
does that torm objection this scheme The State
would not be injured by the failure of the company
III any one is injured, it will be the private stock
holdersj for, If the company fail the State has tho
power To take their stock. But we relv upon tho
nlagnanImty OF the State. Ii is the penerous con.
neehce Oh those individuals who have subscribed TO
TINS corporation, which leads them to believe that soud
They fail to make this Improvement in the limited time
their interests would not be dsreparded tbev trnst
TO the generosity and Justice of the Satc that their
exeTons and sacrifices Tor the completion of this great
Work would be fairly considerably the Commonwealth
ne made tins remark not TO deprecate the opposon of
those who differed with him i'm opinion but TO sbe1v
uat te agency al the company now formed whether N
snail ultimately succeed fall cannot but be conducive
TO the great object of the completion of this Improve
re presented Tins BIN as the companion of the other
now on the tablc[the bill authorizing the Common Hall
TO subscribe for an additional amount of stock Shoud
mo corporation of Richmond fail subscribe for e stock
proposed 20 be taken the of the CITY the work.
was indeed hopeessand then let the charter expre
But II that stock should be subscribed and the hill riv
ing authority for that purpose pass ON the lasi d
OIL e year. or even the last hour of that day asyas not
an Improbable supposition then he would ask woud thcv
permit the charter to expire because il mint appcn tot
lew shares less than the requisite number had becn
supscrpeu deficiency which could be made mp by pri-
Vae SUBSCRIPTION were short time allowed All VIC ask
49, to be allowed TO ascertain the condition of the comma
ny ana the TINE asked for short that he tou1ht
II could notb considered unreasonable.
The amendment offered by Mr.. Wilson was then re
lectcd and the leave granted. Whcrenpon Inc fol-
lowing gentlemen appointed select COMMITTEES
TO hrn9 IN The bill with permission sit during the ss-
sion OF the House ~ ~
Mcssrs. Johnson of r., Cabcll Wilson Of Bot. Nc.
Dowell' Garland Of A., Bolts, Wcthercd Booker of r..
The Committee retired for short time md bsy;no 70
turned Mr. Johnson reported bill extending the time
TOT Keeping open the Books for subscription to the stock
., ue James river and kanawha Company from Dec.