Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-03-26

iio 81 tats!-;on .! the tana! ts.od lie extent L
which IL is nov nnGef coE:feci; unless such new con
ttac; be authorized BY laG.
&. Bs il farther enacted, That before ihe Board Of
Public Works shall require the said riilcutes oil stock
any part thereof, TO be issued, the james River mad
kanawha Company shall execute IT, III" President and
Directors OF the SAID Board OF Public WORKS, mort
gage other specific lien all their property, real and
personal and upon the nett income OF all their tolls
and receipts and cause the said mortgage or lien 10 be
recorded in The Clerks Office Of the county Cont OF
Henco, to secure the payment Of The annuity 10 the
Old James River Company;the Stale from all loss, by
of her responsibility, for the payment, semi
annually of the interest and the payment Of The primer
pal uf the guaranteed loan authorized by the acl OF
March the 23d, 1885, entitled 'An act providing add
tional capital for the James River and kanawha Com
pany, and for other purposes or much OF SAID LOAF
has been shall be contracted under the provisions
Of that and the subsequent acts-nnd The payment Sc
mi.annually of the interest, and the repayment OF The
principal oil the certificates of stock, to be issued under
this act
:. Be ii further enacted, That so much of any law or
laws as authorizes the appointment of proxy repre-
sent the stock Of the Commonwealth, in the annual OF
other meetings of the stockholders OF the James RIver
and Kanawha Company, shall be and The same IS here
by repealed. And it shall be the duty of the Board OF
Public Works TO appoint three proxies to be selected
from different points the line of improvements, TO
represent the stock Of the State in the annual aud call
ed meetings of the said company.
s. BE ii further enacted, That the proxies of the
State be- and they hereby instructed 10 prepare and
vote for such reduction of the salaries and compensa
ton of such of the officers and agents Of said Com
pany as they may deem the interest of the State re-
quircs Proridcd, that in every they shall vote
for reduction of at least ten per cent in SAID salaries
and compensation and provided further, that thus re-
ducton shall not be made on The salary ot any oilcef
whose salary does not exceed $500.
ri shall be n force from the thereof.
.,fOrrmcuts at Washineion-Thc N. Y. Herald says
"lt is in contemplation by the Executive TO send
Message to Congress recommending the repeal OF the
distribution law, and the enactment OF new tnrh I'M
posing sufficient taxes 10 meet the expenses oil The o.
yernment in order put the country in state ut de-
fence against Great Britain, who menaccs the ma
ton with the whole futce of her navy and army.
"On these subjects there have been everalmportan'
cabinet meetings during the last week, but rs yet no
definite action has been taken By the Executive.
"On the financial and foreign policy necessary to be
pursued the present crisis OF the country, there is an
equal division the cabinet. Messrs. Webster, Spfn'
Ger and Forward against the repeal Of the disbu
ton law and in favor OF qualified and mutual RIGHT oil
search certain ATTITUDES bv English and American
cruzers the African and West India seas, similar to
that which! was once rejected by the Senate III ls2i, IN
the treaty negotiated with England in lc23 On the
other hand, Nlessrs Upshur, Wcklifs and legarc are
opposed TO this foreign policy; they have adopted IN
every ioa the views of Gen Cass, developed III ms
pamphlet, recently published in Paris The views OF
the American Minister at Par;s have given great OIL
fence to the Northern portion of the CabIne and II is
supposed that effort Will be made to recall that able
dplotua,ist but with what success shall see. In
the iua ncia policy and particularly in regard TO re-
peal OF Tie distribution law, this portion of the Cabinet
is also opposed
Another paragraph strikes eye the Press o. the
day. 1t is this
AxorpER FI.cArIrrWc learn that The President will short
~ sunni, plan for Fiscal AGENT having fol
lis ha SIS lie Proceeds II the pUbIic Lands"
What does this mean? The last paragraph IS too
mysterious for to comprehend. But as 10 the arti
Gle from he n. Y. Herald, should hope there was
something in it, MIR. Tyler must see, that the Dlsir
button cannot be carried out without prostratng "the
sacred and involac" Compromise act-wiihout stint
nu the Treasury NJ time OF great necesslty-wthoui
raising the Tariff much beyond the legitimate purposes
of the Federal Revenue The true for statesmen
TO pursue - TO throw back the proc eds OF the Public
Lands in,n the Federal Treasury none but neces
sary appropriations administer the Government upon
the mos, economical prs-and rHEs lay on such
tariff and such tariff only, ( the slightest angmenla
ton should be necessarily as Is SUFFICIENT In BRING IN the
necessary resources But until the sales OF The Public
Lands are thrown back into the Treasury, not only on
their own account, the best guarantee any loans
that must be effected we protest against any nugmen
tation of the Tariff the scheme OF the Northern ma
nufactnrers az is the scheme of Mr. Clay TO make
the Distribution prepare the way for considerable Ia
rI-And every Sou,hron ought 10 protest against any
such party movement and such an absurd and ms
cleyous policy.