Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1835-12-10


,J into rlcct Ter ,amc tinic unless some new lc-
oi.hlion i lad ulon tie subject II belongs to No"
ouI, 10 decide, whether tie debts OF the common
wealth now due, sail hc satisfied ont Of tie inhn
provided Ion that nrnesr md Il ho,"llat dispose
liol shall be msde Il II anti others may become
PAYABLE.
Two Gltl, Of the capital stock Of the james
River and kauaula Company having been sub
,crhcdh ~ Other persons lIan the commonwealth,
but nnf tie whole stock, the residue OF tie same
vas taken for tie commonwealth, III pursuance 81
lhc act ri JANUARY = Ill last and ii sum equal to
on. dollar upon each share of the two-hiths sub
,crbcd rs aforesaid, having been paid by the sub
scrbers, flr, t,"raapen became Il body corporate,
in pursuance of the art at the 10th Mlrci, 1892.
The President aud Rncctor, Of the James River
Germany la,iue a>cct.aiaed these facts, made
publication Of he same, in conformity with the
u.uyisielis OF the acl last mentioned and III thclr
said publications. they appointed day for a gene
raj meeting of the Stockholders IN the ely OF Rlcl
mond to tie end thai the new company might be
duly organized. The stoch holder> met in pursu
ancc OF iA notice, and having performed the duties
required Of them ~ the said act, they adjourned
on the 2sth day of May last. At Tie expiration
Of tlirly days thereafter the whole interest Of the
commonwealth in the works and property OF the
former james River Company vas transferred by
the ''ia a'l 10 ."' 1"ies i,N'i ana N'h"""" y "n-
r"''N 'li''o9 NV "a l'ot -, az ~ " u"
lhc'c"Y priest !p''''- "u" We io't''' '"",e' "l'''
company mas "''on'e 9A,'"''' eA'ep '3' .t' h''eS
'"t\ Pafi'9scs required ny ule AL '''dt 'fed''u
u'N toml''at' ana "h'n e"Hhol DC Pei1or'''cu
"N u" James i'hef ana NanaMia company.
ne II ports 81 HE Auu 'oi ana f'aS'fef' Nh''h
VIII be 'fnls"'I 'o N"" hereafter ny thcSe onccrS
rt>r'eliNeY, "i ealhh! ne pleasing information,
'''' NC l''e'pS 81 i'S I'@Haiy au Ing 'iie use"
year endi& "'ih 'he ao''! 'seiiehil CIR iast, nave
CONSIDERABLY tNce'o'd me amount al "h'eh th'y
were estimated eithef pS 'he AUDITOR or ihe 'om-
h",t'e oi nance oi lhc last General Assembly
ana 'at alihoHeh INC disbursements OF the rea>u-
rN da'lns the Nane period, have also exceeded the
amount estimated LOT them, yet the excess OF the
dSUufse nea's IS les ihan that oi the 'ccepts In
consequence OF tbs, You VIII Ind the balance re-
mainlnlne IA the Treasury on the !st day OF Oct
last, greater than that "hich was there, GA the
same day IN Tie year 1871. ihs result. winch
plainly She"s that The ordinary rcvcnues OF the
commoh"eali, are now amply sufficient TO satisfy
all It's ordinary expenses, and that, therefore, no
change i'll the present scheme oftaNation is roqul-
ed, must be highly crafty ING. Al Inspection, too OF
the items comprising The seq clai heads OF the dis
bur>ements, will probably satisfy You, that some
OF these may be still farther reduced with perfect
proprety; while the natural increase to be cX-
pected i'll many OF the subjects Of taxation, viii
necessarily augment the amount Of the ordinary
revenue drawn from thence, without any alteration
in the present rate OF taxes.