Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-02-12

Loudoun, praying the General Assembly for aid in i'm
proving The road lrading through part OF that county,
and near liarpers Ferry.
Memorial OF TIE BANK OF VIRGINIA
MIR. R0BERTsoS u the City Vi Richmond, presented
memorial from the stockholders OF the Bank Of VrGl
MIA, praying that The "act for increasing The banking
capital Of The Commonwealth may be SO amended,
that the Bank Of Virginia may be relieved from the
obligation 10 establish branch at The town vi Ports
mouth and also for The withdrawal Of any portion OF the
surplus fund.- which held TO meet contingencies, and
which affords stability and security 10 the operations OF
the bank-and they further pray for Distribution
among The existing branches, Of the additional capital
proposed. They also pray that the Legislature may
init The bonus $500 900 Of The stock, in consdera
ton Of the Subscription of the bank To the James XII
yer and kanawha Company. The following concludes
the memorial: In the distribution herein before pro-
posed nothing added TO the capital of the parent bank,
because The undersigned think it will be manifest 10 the
Genersl Assembly that the growing manufactures and
the increasing trade Of Richmond require additional
capital in lieu Of that portion OF the capital subscribed 10
the James River and kanawha Company by the Bank OF
Virginia. and they therefore pray, that il muy be made
lawful TO add TO the capital Of the parent bank IN ad-
don to the foregoing augmentation at the branches)
TO the extent Of $3.50 Guu be raised by the President
and Directors, IN The hest manner for the interest oil lie
institution (Signed)
J. W. PEGRAM, : COMMITTEE.
JAQUELINEP p. TAYLOR,
On MIR. RoDEErsoSs motion, ordered 10 be printed
ENGROSsEp BILLS PASSED.
The following engrossed bills were read The third time
and passed, viz bill to amend and explain certain acts
concerning the Dismal Swamp Company with ryder
proposed by Mr. Walls)
The ryder as follows:
"Pr0rdcd hUncrer, That the outlet and lock or locks
which The said company may cause to be constructed un
der This act, shall be free for all vessels, boats lighters
aud rats of tnber-the proprieors oil which reside on
lands, upon said outlet Deep Creek, TO pass ard
repass free Of any charge of toll tonnage al all times
where il be sale 10 open said lock or locks-and II
such vessels boats lighters, RATS OF TIMBER sha
be detained hndcred passing the same, through
any fault neglect Of said company their agents or ser
wants The said cumpany shall De liable for all injury
damage sustained thereby, b. recovered by warrant
petition action al law according 10 The extent OF dam
age, the may be.
Mr. WATTS said that in Offering the ryder an
amendment to the BILL his object was TO secure 10 those
persons residing upon Deep Creek, the ready
cess In the Southern Branch they enjoyed. The
dam which the company Is authorised 10 construct vii!
necessarily cut off all The lands above the dam, from a
natural communication with the river below, and that
those who surrender this communication for the bcncf,
Of the company should enjoy the free benefit Of the out
let 10 be constructed by the company.
An engrossed "Bl TO change The name OF the town OF
Evanshum, the county of Wylhc, 10 Wylhcville and
10 nco porae the same; read in part and the fur
lher reading being dispensed WITH the title amend
cd on OF Mr.. SMITH OF Of w. by striking out
the words, and for other purposes and The Bill
passed.
port from the President Of the James River and kanaw-
Ina Company:
Office # tic James Rirer and Kauo,ehG Company,
RIcnMoSD, 9Th February, leJJ.
To Thomas W. GlLMER, Esq,
Speaker Of The House Of Delegates
SlR-The resolution OF the House OF Delegates OF
yesterday calling upon me for statement OF the tom
mage and revenue OF the Canal when opened to Lynch
burg delivered 10 me last evening, and as under.
stand that prompt reply my part IS desired pro.
requirement OF the resolution, although probably IN
less satisfactory manner tGan might 90, If more time
were allowedfnr the purpose.
The object OF the resolution as explained To me by
the mover to shew the ability Of the James River and
Kanawha Company to provide for the payment OF The
interest the loan Of 50 O0O proposed to be- autho
rzed under the guarantee of The State, by The bill now
pending before the House OF Delegates relative to Tie
augmentation of The Capital OF the Company.
To this object my attention had already been rected
and tho result Of my enquiries is embodied in the pa
pers herewith communicated, marked A, and C-lbe
paper marked A. being statement OF the average ton
nage which reached the Basin in The City OF Richmond,
by the wav of the old Canal for a series of five years
ending with the year 1857, with an application OF the
new tariff Of tolls 10 The somc-lhe paper marked Is,
being letter from Francis B Deane, Jr Esq one OF
the projectors OF the rredegar Iron Works a, Richmond
gentleman OF well known responsibility and ut much
nell gencc, especially upon the subjects OF the coal and
iron trade Of the S,are-and the paper marked &, being
estimate Of The probable nett revenue OF tie Compa
ny, al the end Of Two years from the opening OF the Ia
nal 10 Lvnchburg, without any allowance for the in.
crease resulting from the improvement, except upon the
articles of coal and iron, and upon passengers. Mr.
Deane letter written at my particular reqrestand
the statement Of tonnage and the estimate Of revenue
were prepared under my superinendance and direction
BY Mr. VIM B ChItlenden, Secretary Of The Company
few explanatory remarks should accompany the
communication OF these papers, III order that they may
be fully and clearly understood.
In the regulation of the Tariff of tolls by the charter
of Tie James River and kanawha Company the ohJecis
OF trade divided into live classes; in the four first OF
which, these objects are enumerated and the tolls in
each class limited by special rlaSlmum-whlIst IN the
last consisting of the residue Of The trade, the objects
are enumerated and the Company is authorized 10
levy tolls at discretion, provided the amount levied, To-
gelher with the Of tolls upon the four first classes
shall not exceed an average maximum OF three cents
per ton per mile upon the whole amount oil either the
ascending descending navigation.
In assuming o oil tolls the limitations Of the
charter with view 10 shew The probable OF the
Canal when opened far as Lynchburg have deemed
il proper at this early stage of the work TO 90 up, upon
all the enumerated articles TO the maximum amount a.
lowed by the charter. This maximum ranges from ] {:
cents. down to cent per ton per mile according &c
the description OF the article pom The enumerated
tices consisting chiefly Of merchandise ascending the
canal have assumed toll OF cents aud mills pei
ton per mile, which is considerably lower than the full
amount which the charter would authorize, but much
probably, it would be e1pedient and proper 10 levy
upon the trade. toll Of this amount, together with
even cents per ton per mile for carriage, would place
the aggregate cost OF transportation, the ascending
line from Richmond 10 Lynchburg, at about one.hn
Of the amount of the customary rates upon the river
The usual periods Of shipping goods in the Spring and
E,l of the year. Al The rates assumed the average
,s upon the whole trade would be small fraction less
Than . cents per ton per mile.
The toll upon passengers is assumed on the SUPPOSE
lion that the bill relative TO The James River and Kanaw
ha Company, now pending before the House of Dele
gates, will become law
In ;udcng OF the correctness Of the estimate relative
q, tho increase of The coal trade il is proper TO bear
mind that rail roads 10 the line of improved navigation
from the coal pits, both the north and south sides OF
lanes River, have been recently constructed and thai
rho line of locks connecting the basin with tide wafer
,Y;Il nrobably be forthwith commenced, so be com
,lrrcd in the course ofthe next year.
The price of water power in the absence OF any posi-
tive regulation by the Board OF Directors, who have moi
vet seed the price, assumed at the price heretofore