Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-05-20

" sf,e the adjournment Of the annual fnee;;;g Ct ils
stocko!Gcrs in Decen:cr: last, lad rendered it e1pe
dent no! 10 press lie memorial or subscription
by the STATE, which had tcen ordered al that meeting
but, iii lieu thereof 20 apply to The Legislature for oan
oil So00o OF State Stock. This had become necessary,
in order 10 exs'cate the Company from the cm5arrass
ment occasoned by having more than half million OF
lis resources tied up Europe; while such addition TO
the Colnpanys means could be applied to the compile
ton of the unfinished work OH the line-a purpose TO
which portion Of the subscription, had it been
made, would necessarily have been applied lie also
advertcd to The course Of legislation the subject
whereby the rgIna bill, reported by a committee
the House oil Delegates and which responded to the
memorial, had been transformed into the law then pre-
sened for the consideration the stockholders
The report and accompanying documents were refer
red 10 committee, consisting of Messrs Sydney 5.
Baxter, John Brockenbrough, Samuel Taylor, Thomas
H. Flood Joseph Mayo, Nicholas Mills, Jas. Bosher,
Chapman Johnson, Alexander Mosely, David Ander-
son. Jr, and Charles Eet, J with instructions to
quire and report the which they might deem
proper 10 he adopted
On the day following, in conformity with the
mendatons OF the above committees resolutions were
passed
Accepting the loan of $3.50 900 of State Stock au-
thorzed by the aforesaid subject 10 the conditions
the rein provided
Reducing the Presidents salary to $500 per annun,
ard the pay Of the Directors TO 81 per dienl and their
mileage to Is cents per mile.
Instructing the President and Directors 10 reduce
the compensation of certain officers follows viz Of
the Chief Engineer, to $4,000 per annum; ofthe Prn.
cpnl Assistant Eng inecr employed on the Richmond
Dock 10 $500 per annum; OF The Superintendent Of
Repairs, 10 $3.50 per annum; of the Assistant Superin-
tendens on the 2nd, 3D. and lt sections TO $3.50 per
annum; of the Superintendent Of Masonry, to 81 per
diem.
Authorizing the President and Directorsto make re-
guatons for the superintendent of the first Division
of the Canal.
Substituting quarterly for monthly meetings Of the
President and Directors.
Requiring the President and Directors 10 use every
excrtion TO complete the Richmond Dock, 10 put
in operation, and auihorisng them, for that purpose,
10 the stock arrcarages yet due, when collected,
and pledge the tolls of the Dock far necessary
| and
Requiring the President and Directors
| ,TocR is ARREARS, AND TAKE IMMEDIATE MEASURES
TO ENFORCE THE PAYMENT OF ALL AREEARAGEs.
On motion of Mr.. Elicit, IL was
Reso'red, Tint committee for the purpose of re-
commencing measures TO be adopted BY the body Of
Stockholders be continued from general meeting to
anothcr and tina. all matters intended by the President
and Directors 10 be proposed for the consideration of
the Stockholders, be submitted TO such committee
reasonable time before the meeting of the Stock
holders.
Messrs. Samuel Taylor, John Brockenbrough, JOS
Mayo, Sidney 8 Baxter, and Robert e. Scott up
pointed on the committee under the last resolution
And lhereupon, the meeting adjourned.