Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1840-01-11

ed on hand 10 the credit Of the company
in the Bank of Virginia balance Of
nett revenue arising from the old i'm
provemcnts, of 1910 81
And balance from receipts on account
of capital stock, from loans, and other
sources applicable to the new improve.
mens, ni J5,-JI "a
Making total Of S7j,633 IS
During the year ending with the 30lh November
lea9 the rece pts applicable to tho improvements
have been as follows
From the State on account Of
her subscription to capital
stock, S5, 500 90
From stockholders other than
the state on like account 2l5GOJ Il
From the sale OF state and
corporation scrip received
like account, 3S4 ,23I -
Total realized from capital
stock, Ca ,027 G5
Add for receipts from interest
and sundry other sources
subject TO expenditure for
The new improvements, 25,l66 80
Also for loans during the year
unreiunded the close
thereof, viz
From the Bank Of
Virginia, $4,000 90
From the Farmers
MIA $1,000 90
From the Ex Bank
of Virginia, 1000 10
Making l07 GOO ca
Also for the balance on hand
al the commencement
the year on account Of new
improvements, 50 Ell 81
Also Tor balance Of nett reve-
nue. from the line Of the old
works during the year, to-
gethcr with the balance
hand on the account
at the commencement OF
The YEAR, after paying
penses and the annuity OF
ST. 900 To the stocklod.
ers Of the old James river
company,-which balance
has been applied 10 cXpen-
Glturcs of the new improve
ncnts, but is TO be refund
cd,-amountng 10 43,0G II
Total cash recc pts other than
from capital stock, g3l ,0GO AZ
Add for post notes issued and
applied 10 the payment OF
estimates and accounts dur
ing the year and unredrcm-
ed at the close thereof, $1,000 90
\ lso for certificates Of debt is
sued and applied i'll lihc
manner, e,i1~ "
Also for six per cent. bonds is.
sued by Tie company and
guaranteed by the State
der authority of the act OF
the I'D March, 1899, and
applied in like manner, 10000 90
Total means of payment
e assss use OF ''AF: thai" 5ss,lss os
Making an aggregate Of l,453,275 &C
The disbursements during tho year on
count Of new improvements were, ,i4-,G1O 63
Leaving on hand in cash balance of S4,3Ol %
A few explanatory remarks are deemed proper before
proceeding to the subject OF the liabilities and re-
OF the company Tor The means OF carrying on
its improvements.
The whole Of the States subscription to the capt.
tai stock has been realized with the exception OF So
COO in State scrip which was placed in the hands OF
the President Of The Bank of Virginia. TO be disposed
OF for the benefit of the company 1t is understood
that part only Of this scrip has been sold, and that
the nvails have been applied 10 the payment i'll part OF
one Of the company. notes due Ut Tie Bank OF Viz
,,a; but settlement OF the account has been post
poned until the whole Of the scrp be disposed Of
| For the two last instalmcnts the subscription Of
the city of Richmond amounting to $57,6SO, six per
cent scrip of the corporation TO that amount has been
received.
For the three last insalments the subscription OF
the town of Lynchburg amounting TO Sl5,Uu0, the
board of directors informed that assessment has
been levied the citizens, moicy of which was
made payable the 10Th November last, and the other
on the lst Apr next. 1t is understood that the first
imoiety together with the arrcaragcs Of interest on
scrip heretofore received in payment of the Lynchburg
subscription, is in the hands Of the Treasurer OF
that corporation post of the company ready to
be paid over; but not having yet been received they
to be rcckoncd among the arrcarages due the COM
pany.
Corpor ~ton scrip belonging to the company has been
pledged as collateral security for loans from the banks
as follows:
Richmond scrip pledged with the Bank Of
Virginia, ~, 600 w
Richmond scrip pledged with the Farm
ers Bank of Virginia, $4,000 %
|
Richmond scrip pledged with the Elk.
change Bank OF Virginia at Richmond, II 600 90
Lynchburg scrip pledged with the Bank
of Virginia at Lvnchburg, 46,500 90
Total Sl44, SUI 90
This portion of the companys resources is be
rcckoncd available until the loans tor which is plcds-
cd shall have been paid.
Up TO the close Of the last month post notes payable
in six months with ntrres; until due mad been issued of
the dates and to the amounts following:
O.! the ls July 1888, 285,96U 90
1st August e 10000 90
Isl September s. III 200 w
LIST October . $4,000 Oh
lst November q $4,000 90
-- 7Oa96O 90
OF this amount there had been received
t back up to the period for debts
| due the company on various accounts, 1913 sou w
! Leaving stiil afoa, balance of S5l0l00 90
On the Isl of the present month the liabilities Of the
1 company for the means Of carrying its improve
ments, stood as follows
Unrefundcd loan from the
1 Bank ofFirgnia at Lynch
/ burg, 5o,0eo DO
! Interest on the same from the
| 18th Of June last, 1888 %
| Unreundcd loan from the
Bank Of Virginia, $4,000 90
Interest the FOL!
/ lows:
| On 100000 from
/ the 10th OF April
last, go %
On $4,000 from
| the LIST October
last, 3G3 50
,063 30
! Unrefunded loan from the
! Farmers Bank, $4,000 GO