Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-12-24
The Great Improvement.

The James Rirtr Gnd hHHdrk7 company
The Stockholders of this Company met in general
meeting the 10th, and adjourned on the 18th inst
We understand that they took action of Importance
except authorize petition to the Legislature asking
for remedies against improper distractions presented by
individuals to the construction of the canal, and to re-
elect unaRim0usiv the late President and Directors.
II is expected that the water will be let into the Ca
nal high Lynchburg in February next, if the win
ter should not BIZ unusually severe.
The canal above had been put under contract, to the
mouth of the North River, 27t miles above Lynchburg
These contracts made at the Lynchburg letting were
sanctioned BY the Board Of Directors on Wednesday
the til instant and the fact reported to the stock
holders at the meeting
In letting the work above Lynchburg, the Company
reserved The right to pay for It in current notes, or IN
the Company bonds guaranteed by the State, or III
Post Notes. convertible into thosc bonds. The work
was let at prices considerably below the average prices
heretofore given on the line. The Company will re-
sumo the subec, of negotiating the loan authorized by
the act of the I'D March last, the first favorable
change in the money market AT present they are pay
ing claims in Post Notes, but have recently given no.
tce that on the 1st January and the first of each
month thereafter their different issues OF Post Notes
successfully become due, they will exchange for them,
at par six per cent bonds issued by the Company and
guaranteed BY the State under the act of the 23d March
last above mentioned. The Directory have also given
notice that the interest on the Companys Post Notes,
shall continue until they are paid
Since writing the foregoing, the communication OF
"a Stakeholder has been received on the same sub
jcct. We insert it with great pleasure
FOR TIE ENQUIRER
heec:ing Of Tie Stockholders Of Mc james Rtrer and
kananha Company.
On the evening of the 10th December, the stockhold-
ers of the James River and kanawha Company, held
their fifth annual meeting in the Hall Of the House of
Delegates at the Capitol in Richmond quorum of
the body having been ascertancd TO be present, the
President of the Company, Mr. Joseph c. Cabcll read
according usage, his annual Report, which was Of
considerable length, and occupied upwards of Two
hours in the reading. The Report presented very
full and detailed amount of the operations of the year.
and of the state and condition of the works, and fiscal
affairs of the company ut the present time Il also dis
closed much large well the circumstances and con-
sidaratons which led To the issue of Post Notes by the
Company in the month of July last, those which IN
duced the Board of Directors To extend their line OF
works above Lymchbnrg in the month of November.
The Report was referred, usual, TO 4 Committee Of
seven members of which Chapman Johnson, Esq., agent
Of the State, was made Chairman. The stockholders
then proceeded the annual election of officers of the
Company when, by unanimous vote, they reelected
Joseph c. Cabcll, Esq President and Hugh Caper-
ton John NJ Harvey, John H. Cooke, Smithson II. Da-
Wis, Thomas NJ Bondurant, Richard Sampson, and
Charles Ellis Directors-they then adjourned 10 the
following day. On the evening of the 18th, the stock
holders re-assemb!ed at the place, and received
and approved the report of the Committee of seven,
commencing an application to the Legislature on be-
half of the Company for specific purposes detailed in
the Report. Whcrcupon, they adjourned to the Sd
Monday in December next A STOCkHOLDER.