Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1843-01-03

NH. ~ N.
OF ..c JimsS h.osr cHa heaG2rha Company

70 rnG Gr<IRsL AssENaIY OF VIRGINIA go
The ae.nor,ai of the undersigned, c"mnllcc O: Tue
Si0cSh".G OF the James Il 'Sf ana i>a ID" @"i"
NJ respectfully represents; c.,
That 4; aa ea:.ual general mcc;nr 81 thc Sloc!.-
holders IS ,he James River a"d ka"awha Gomra"y'
held ON the l2,h day Of Decel"5 , lci; the following
resolutions. among others, ~ere 1aSp'ea
.Pssclred. fna. u t,Y:n1rial be presented "l'aeat
DELAY /, the General Assembly IN session, pray
inn il- passage Of an act Of embracing the follow
ia.. prnvisuas
l. Tna The si;h section OF The ac', entitled "an ACT
ncnrp9ra,n, the :;oc. holders q" 1e James veg and
Keuayl,a Com,ang." plssr; IN ION march, lo3!, be
amended So :n ile restrictions aYoh Tue eHo
Insrard articles and h author . the company 10
charge toll, b, tie ton OF $50 thousand p'uhis, instead
az The ton If trp ;hIus,ai two hundred ard l"rty
pounds aud, p:nv lea.- tu..aer, SHAT i':e company
snail have te .ie, I'll casss - :evy tolls rs nA Is
.io<e ffmef?y ps'd 20 the james RIVER Company.
, Tina; ,nis'nugh cS the Company wii' mol be a5.,-
e. meet the Interest winch w,i become due "'i l'ir
guaranteed bonds The Is. o! 'aGa7-Y ieT', the S'a'e
viii make temporary provision ior IT," sane, On TIE
condition. thai the advance snail - reimbursed as seen
e. practicable by 'hg Company.
Tina, So much oil tiie loan act OF the 25 OF March
las as rean,rrs return u rar hgIGct thousand dollars
os The compluys guaranteed boa5so the treasury may
b.. repealed so tia. ,hc company MAJ rece!"c TIC
Safes gu.-ar:-.. Tor ;ae waole amount Al the 'oan
org n.y auhof,2ri by Inc ~, ii he I'D March, isdJi
p.o.iLe however hal s;rs guarantee unon ~; a'i;i;
Of bonds equivalent - any advance whch The Sti;e
lay deem proper l1:e ac"0uc: oi the ciacaay :
nefes. deb, GA -, %. january mex, may Dc WITH
held un SUCH advance s..@ have bec reimbursed ny
the company
Taat the ror,ioa Of the company : bonds which
NAV receive the Sales guarantee v!Etue o! sGch re-
zeal may b. pledge! sod - he Cot'Pany, with a
view 10 easnre the Reimbursement; oi the Company
January interest and DIV dcrd debit ana 10 !"Sct s
july lneree: aad dividend ce5t, and any other pressing
denands. provided, however, that these bonds sncsi
no. be pledge or said by The Company at price less
than The p.ev.rr nat&et pro" for 'ae '% beng OF
Safe stock, unless II BE necessary 10 do so in Inc pn'
pose OF ueeng the interest or DIVIDEND aeo's OF me
Company and thea so fur only shall be necessary tor
that purpose; ard
) That afls. ali tie r.esent liabilities Of The comp1-
nv other than permanent q u.s. shall have oeen as
chsrred and rs soon rs tie revenue ct The company
vii! hermit there shall be established sinking fund o!
one half OF one pc: per aaalm on the amount
OF those permanent deb:s - ne applied regularly 10 The
discharge Of the p13cipa! thereof winch stalking i1ad
shall be provided If the snip.us revenues OF the
company after The payment Of annual charges "F0iaa'y
and extraordinary and CT the interest debt OF the con-
panv."
.Pesoircd That 4 committee Of Gye be appointed tn
prenare md present the ';emo-l. to the LEGISLATURE
\ nd lie undsrsned were appointed Tie committee
con,emnla'ct bv the last resolution above reci;sd.
Your mea,ofialis.s ~ performing The duty ass'Tne
n them az n l. o. ta james River and * a.
nawha Cnnnai:Y he 2assa- o. act or acts c3"c@T
the provisions s2sc;cd in The revolutions INST aoorr
-ac,,cd be age resoect.ilr 10 state o! Vie Tea'
sons waich cause, tae adorroA OF '!ilt resolution ~
the Company, ard waich recommended 1t to lie ia
yoraL,e consideration OF IL" !. 'gisatnjc.
The FIR. provision asked ;,r conet9pates inodi's-
ton of the charter Of The Company IN respect 10 te
tolls upon james and Jackson rivers
One object Of the n;ed .AD;ica;lon Is ~ OMAN
aome Increase Of the reYcnre arising from tolls Such
an increase for the present al least; IS rendered necs
cary nv the pTeent financial difficulties 81 the COMPANY
and is an important er'ncn. IN the scheme vine" 'ht
resolutions adopted by the company 4: Their 2te meeting
present for feiev no lie c1nIanv roa IT'S present EN-
tn.
,h nut loss and ,h "a hale Inconvenience - p2"so'a
80 the Safe TIE r5oprie'y OF a4@'ag at is tie 81;
increase Of Tie t', seems 20 F"i GPon s "oV'oS 'e
OF iasiice and policy, i.al tle necessary e.l@S e''o
exoensrs al ell.'atuiiig improvement, sus a.
road ar c mast h. borne prnclPaiiy ~ tiose "!''
derive most t4e 1t oi ~ that Is ~ say, W ''''"e No
use IT. 800, g.
was sunnoss, ii.t Tie ,aa IN articles not cane5d'ed
IN no aiih ercitnn ~ rh, b. great IS - MAKE IN.
,yernra tolls al tue company three cents per ton PEI
m,le Notwithstanding. lie restrictions upon 'h' en""e
rated articles BIl experience haS shawn ur t''c. VI
;L. ,..,etions 90 reduce t!;c a:ern.r toll 70 less
tina, ,o,, cents r.T :o; per ,acan agera-e lar loser
than lhsl coaiempilcG ~ ;ac charter, Se u VIII 'e
o.ueray lcdrcd, far to" !"S, VI !.eSt ~ ''-F
nrrsen, carl; sage g: tie mpT"Tcnen II ~ h'' tu
o,r., H., ,I. commonly ia abolish &li Gscrl'si'a';cn
in ,eyy,rr r- toll; !1r tr interest -; lHe company
and nt ,lN pub'c, co'ac'fe IN TqiIAs '..e a''.-fS
10 be tnnst ,.hy taxed @hlc! caa bfS. iiifa !" " -
n h;gh INK: M, 1t believed Uint Nls Gscfninati
,onIi h., better lf TO- The company and thci, president
apa directors who can uiae 4ad uody the tari;i ~
tolls from tine acood'n- to cqaia:'e rT'nc'r'
aud the VARYING circumstances oi trade, Wiih u MI
puieness aud lnsticc which csn@"t DC ATTAINED ny tEe
general and unvorying standard - legislative act
The cor,,.ny m ;akinE Gaze 20 keep iaer average
tolls WITHIN the MAXIMUM o; ;irrr cen7 per ION p!
mile ~ III II, practice fail acT IL; toa HE s,''pos ''.
therefore that the average Toll, IT bc restrictions upon
49,, op,mn-,cd articles are removed, a1ou.d actually
amount To ty1 and hal! cents per Ion per INLET
estimated thai such toll would, N the present ftas 81
the trade, yield az anapai income Ct a""ut f-'',''Vo
A sun, supp I'd t. he suiicicnti 20 lay TIE
ANIMAL charges and expenses OF lie cciG- ..
many and leave surplus 81 about S--'Ou'
norton Of which, VIII - seer, IS proposed 10 ot
So. sonr; as Sinking Fund, 10 ext'rsnsn The 'aadeo
Geht of the company :.
Tba ,dooon Of The ton Of tro t'i1uSaHd pouncs, IN
.o,d of that @. two thousand uadre~ and forty
o,nnte. will facilitate greatly the application OF 'h'
Tariff OF tolls, and wii! be measure Oh convenience
and economy -.
The n,esent tolls for short distances nre 81 extremely
low as not to compensate os the cost OF cosc"g an'
,coo,ntipr Tor them 10 remedy this, II is asKca lila
The company may ell cases, take io ihe tfans2o:'a
ron of any article upward ar cnwnwai6 az Tie Easpf'
end of i,,, canal, tail at least '9na 10 "' -, va
lanes River Cl".pany night have CHARGED ! -
,oo effect of tl,s prov:soa yi! be somewhat 20 u
c,eaea The toll! Tor shori aatances upon we i's'"''
n,-t Of the canal. Add Il the tell formerly pa.1 4" Nv
James River Company was ioi ieA off'fss''l'!,
will be still less felt now, ""S" Tie t.7 so' '~-e'' - "
much safer, cheaper, and better.
The second PROVISION ASKED for IS that the State vii
provide for the payment OF tue interest on snG con-,
nanv bonds guaranteed by The STATE due on inc i''s'
Ianv,rv mex. upon condition, that the advance s'ai
5 5e "ra as soon as .ecab by the
The company would not haze permitted the s.ae t,
he thus called npon to any extent whaoyef to redeem
the pledge maze TO the Pno'c by her suaI"n'fe oi w.
nunctual payment Of the interest oi l::sse ooaos Il
had been possible 10 avoid ii. Within the past yea
every rir, has been made 70 reduce the ezgGn]l'ufs
of,be company within The narroest practicable limits
To those who remember the condition OF The company
and lis finances it was year ago. II IS pefaIs sum
:, stoe that the receipts Of the conpnnp from i's
i-.rg the past year, have been much less 'Aa'
ny reason 10 anticipate a. The beginning o.
e from accidental causes, the expenses OF
The year have been Tar greater iin usual
% nrs cll:A iY s.sr,hu.uLlc 10 he dl.ae.