Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-03-12

Ihe resources Of the company on LIST Of tn
month, foe the means Of carving on in improve
menis, may he stated rs follows,
| balance OF Richmond aud
Lynehburg script unsold los. 100 90
| Balance due from stock
tons, 1864 30
| Total unrealized from
first capital, ssI,4s4 sc
Add unrealized balance OF the guaranteed
loan authorized by the act ofthe Esd
| March 1889, ss4s SEQ OC
Also, balances of cash in bank, 1870 6
Making an aggregate OF i,i4S,55i 9s
From which deduct liabilities above
stated, s7s 6Si n
Leaving a balance Of resources appi-
cable, when realized, to the new I'M
proyemenis OF the company, of SI70,933 %
For further information relative to the fiscal
concerns OF the company, beg leave refer to the
Secreiary's detailed statement OF receipts and dis
bursements for the year ending with the 30th No
vem6er 1910, and his summary statement OF re-
ceipts and disbursements from the eth June 1885,
to the 3oth November lsIO (Sce Appendix c..
and d.
| be- leave, before conclude, TO impart to the
stockholders n communication received from Mr..
WfIidn Lake, principal assistant engineer ex.
planatory OF the advantages Of gauging docks, IS
means OF testing tho tonnage OF boats and their
cargoes. IL is 20 this engineer that lndebt-
ed for the introduction OF this method of ascertain
ing weights on canal, which, lar as we are in
formed, Is entirely new in this country, but which
appears to be well known IN England, where IL IS
perfectly established and in general use upon the
line OF the Grand Junction canal. MIR. Lake be-
ing about to return England, with the view OF re-
siding hereafter in his native country, | embrace
this occasion TO express to the stockholders the high
sense whicn, after Official intercourse with him
for several years, entertain oiihe purity and dgni-
ty of his character of the modesiy and correctness
of his department, and of his Intelligence and skill
as an engineer. (See Appendix E.l
also herewith communicate TO the stockholders
a set of rules and tables for the measurement of
water drawn from the canal, whether delivered over
a weir gate. or through rectangular aperture
under a given head. The rules are those furnished
10y the celebrated mathematician OiyRihus Gregory
in his work entitled Mathematics for practical
men," and the tables prepared by MIR. Gill, princi-
pal assistant engineer, IN order TO facilitate the
practical application of the rules. Upon this
subject | deem it also advisable 10 refer the
stockholders TO letter received from Charles
Bonnycastle, esquire, the late distinguished
professor of mathematics in the University OF
Virginia, expressing his sense OF the accuracy
and value of these rules and tables. AS the sub
iect IS one which maternity affects important in
tereSt of the company in reference which Il is We.
~ desirable 10 avoid grounds of controversy both
with regard 10 the present and future purchasers of
water power, | respectfully suggest the expedieucy
OF referring this document TO the consideration Of
committee 10 act during the recess OF the stock
holders, with the understanding that neither the
rules and tables now communicated, nor any other
regulations relative to water power, which the pre-
sldent and directors may think proper to propose
shall I've considered valid, without the previous
appreciation and sanction OF the COMMITTEES. (See
Appendix F. aud G.)
In conclusion, beg leave to tender to the stock
holders the sincerG and cordia; congratulations of
the president AMI directors the opening of the
hrst grand division OF the canal as an event which
constitutes distinguished epoch in the company's
progress, and which is calculated to shed be.
ngn influence on the whole course Of It's future ope-
-allons.
All which is most respectfully submitted.
JOSEPH c. CABELL., Pres't
Of the James Ritter aud Kdna,cha COMPANY