Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1842-03-05
COMMUNICATIONS.
To Tie Editor Of ile Wlir-

perceive, from the bill for the relief Of the J,m.s
River Company, being recommitted with the in
struciions OF Mr. Crutchhed that The intention of the
Legislature IS to place the Company in a most EN-.
oarfassins situation, which the true policy of the
State iorbits. | cannot but believe but tina, thew
have been Influenced by furious REPORTS circulo,sd
oy stockIo0oers for their own individual benefit
and certain few who aspire to the control Of This
important work by throwing obstacles in the wov
OF Tie present able President and Directors: and
YET, whilst they say the work has been badly man
ased-and nothing can be easier sa.d-they uoint
out no instance Of such apparent that
cannot bo explained to the satisfaction OF imn,r,,i
men: and foil and entire account Of the procesd
lngs oil the Board has been annually rendered and
approved by those most interested-the sioctboiJ
ere. The effect Of Mr. Crutchfeld's instruc,;ons
wil put an entire stop 10 the operations OF his
company, most injurious at this time to the Comma.
n.y. and no less 80 10 the State, so deeply connected
with rs operations: $500, 600 has been expended In
continuing the work above Lynchburg 10 No,il
River, and the interest that will be lost on this
amount IS $4,000 per annum, and must suffer from
the unfinished condition of the work: the entire
suspension or loss Of the trade from Lynchbure 10
Covlngon, which will seek a drfferen, market 10
the great injury Of that portion Of the Canal lre,
completed. The Dock. which was purchased Nv
the Company, ~ months since OF a very low t,iec
the purchase OF which was obviously necessary tn
communicate with tide water, rs they are bound fo
DO by Their charter IN given time will be- with the
| amount expended upon rs repairs, useless To the
Company, when they should receive 600 OOo Nor
annum. This will make an annual loss IN liz
Company OF So 600; when, with 800 600. tho
supposed cost 20 comp etc these two inurovernsnts
will not be worth less than $4,000 wear 10 tbsr,'
and to pace his IN their power, they simply ,,k
/ The means 10 redeem their bonds with a small or,n,
/ from the state Of S25O0OO. with which they pro
pose to progress slowly, owing 10 the present con
juOn OF affairs and II they will issue no nio,e a.,
I notes, which this grant will render unneeess,,v
uut pay the contractors IN bonds which are urb In
tnem as much as the post notes, in - months the
schp IN circulation would lie absorbed, and tbe
Company afterwards would receive unwn,5, .,
s2JpUDO yearly, in current funds, gradually apg.
mcntcd each year from their tolls and ofts,o,,
Wh'ch sum would enable them 10 pay regularly Tho
interest on The amount borrowed, and establish a
sinking Fund Tor Other purposes, But our mn,
wise legislature when asked for rrlieC ,yoYfl ,y.
them S25O,OOO, and take away $3.50 600. t,p7v ,
mos. Vic and efficient reicf-wthout the fr..,, IA
pAyiog iheif ngert an annual loss q $50 OOu and
eventually The sjJOOOO expended IN carfyio, -,
r Ne improvement, LOST 20 Them by the rapid do
ol uhhhi'htd work. H. 70 not plain VII eb s0.,.'
SHOULD he pursued by the Lerisi1tuie7 St,,,t.
they not ihfO" aside nl personal mot YES a.t .,
ton'l prejudice, Tor the general we,lnre ofbs Stat,
9nou'' W'y Hsen 10 The injurious ports of specu-
latOrs and cokIpubers allied with a certain -
10 overthrow ihs great scheme, and iniure the ain
men who have conducted o through GOOD and ~
report, ana when hey think that thcy can s,t,-,
see happy termination TO their lsbors. To have tb,
efeI't and honor snn'ehci from 'hom ~ those VIII,
openly profess 70 favor me scheme Yet, with secfe
arts, sfivc Ia strike death. blow to Virginia, Cyo
rite scheme There are many, Ike myself, who nav
watched the late proceedings Of he Ieyisr,fu,e
with great anxiety, IN regard 10 this Comp,nv
they eel wiih myself, hat the intersstoC the S,,t
IS 50 deeply involved NJ this Scheme, the main srte
~ Of The Fast and West that oil action Of tbs Tee.
.ature, injurious 70 ~ interest, must be- stfslbl,
ielt throughout ~ limits. IHrpovgursr