Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1843-11-24
pUcKrNoHAM COUNTY.

n P.,s.-on Major Charles Ysnc,y called preside.
aud Rob' v. shaw. Jr. appointed Secretary.
The Ojs ts meeting xplained by Col Paiieson.
R,.hd al Morn. -ubmittcd the following preamble and re-
.son. which adopted by the meeing a-o, the 9th
resolution offered by Mr. u. r. GOoch The preamble and
,y,io.s were ably Supported by X. c. Morris. Esq and
tio jos. Faqua and ably opposed by MAJOR l.. A. Boiling
aud Col Tho. NJ. Bondurani The vote was aiken after
sunset ~hso yes, number o. .s pS1p's "Sa ,s ,ns
srsie Upon the adoption OF the preamble, ayes 81 noes
23-and upon the adoption ~ the 9TH resolution the vote
was ave. 4s 23the other resolutions were carried
unanimously, or by similar mslonhes'
w, s,,,.os Of the county OF Buckingham, feeling
ihy the oppression caused ~ hc ulus' sno oN"iothn'
tolls imposed by the Jsmcs River hanawha Company,
h.,. spurpo~e examining the
and attempting 10 devise meuns by which We may be
relieved from tins unjust burden
we were led 10 believe by the President OF this Compa
nv addressed ~ TO induce take its stock that
only expense OF transportation would be greatly les
sened bat that the Stockholders would also receive liberal
dx,densls We were induced TO sustain this Compa
nv i'm consequence the ADJ section OF the charter which
provides. that upon all agricultural productions the toll
should no, exceed u cents per ton OF s2o pound per me
bat the tolls on tobacco nearly double that provided by the
charter and and flour increased oncihd This leads
inquire to attribute these losses
and burdens LIST. believe that in he construction OF
the canal great and unwise management occurred
To prove this Will refer TO the location
mill The canal located above the mill, which caused
r.at expense blasting through the granite cli and Ruh
crtord's mil injured that the Directory then pur
chased nj upwards 500 900, 5th Report, 5eOO
and afterwards sold with the wa'errgh At about Sl2OOO
II this mill had purchased in the first instance, We be-
oye greatly than is cost might have been saved
by different location OF canal and much OF the onor
NOUS COS, Of the lower level S59541, for distance OF
httlo over miles, saved, 18Th Report page 26l)
The aqueduct Rocksh 50 badly constructed, not
whstandug large u cost the company, that
has partly fallen down, and expected soon again 70
rumble Several locks, after being built and paid Tor have
had be taken down aud rebuilt expense The
dam Tyc River badly constructed, that an e&-
pcnse OF 81 200 has been incurred TO It The dame at
I've River aud Joshua fails, built before the out ia!
locks and doubo cuveu Ovens creek were finished,
which caused greatly increased expense for Golfer dams,
and baing and pumping which the reuont waters caused
by the dams rendered and great inconvenience
the river trade caused by the dams boats having
unload and be ieued the dams, and many CT them
dncked. These few OF the items which might he
usrsted but are considered sufficient prove the
and management hut if Of these could have
been referred the fact that Mr. Cabe in his printed
speech delivered in Richmond (see speech from TO -,
proved clearly thar the James River and Kanawha canal
ought be constructed FOR Sl7452 mile; and this not
from conjecture but the absolute cost of the Chesa
peake and Ohio above Hepers Ferry. IL is true,
that the President ndeavos account for the increased
cost by the the price o labor, but this avail
him. the locks his estimate expected TO have been
constructed Of whereas they have been built of
wood and sone hall coy and this saving Is fully
equal the advance in the labor such contracts
were made subsequent The rise.
We believe 2dly, that great waste and unwse manage
mont occurred in the financial concerns OF tins Company
To prove this, wish refer TO the neglect OF compel
ling the stockholders pay their insanents as they be-
due; by which neglect very large amount has been
lost-by shaving their Richmond City bonds by which
is believed that at least $4,000 wasedby paying
attorney and his $50 66 for specific services,
doc 90 o session 1872 Notwithstanding he received
annual salary attorney for the companyby carrying the
assessors with attorney, &c, damages
siderable expense, when but little DONE and that iie
might have been delayed lm Rep p52l and last though
not least the management OF the Sl50OOo0 loan which
requires a more extended NOTICE.
The Legsaur, IN 1889 passed law, authorizing this
Company borrow 81 500 000 aud pledgng the faith of
the State for the payment of the interest and redemption VI
the principal Soon after the passage Of the law, be-
leved that the whole could have been borrowed
our Minister the Court OF ST. James III is bssved) gave
notice TO that effect but the golden opportunity lost never
returned and afterwards many attempts were made and fan
ed but Notwithstanding these The
-hed state Of the canal below Lynchburg, the Dlrec
Lynchburg.
This mestis r.s~rGs ,- nsssuro at the time and I'M
Ger the pressure OF the pecunary difficulties the comps
ny one OF the capital errors OF the President and Dec-
The loss by II OF not less perhaps than haf
mion OF do!ars-the pressure on the finances
u Tue company, alta time when neither had mon.
ce0 Kept up IN the mind Of the public CONSTANT selsa-
uon OF "eanes and inquetudc. Bat io public mind,
a. py general CONSENT 20 nave so considered land
even the committee e~rs Tar regret the step hi.
meeting conceves needles TO dwell on i-or the p1-
suFo instruction Of the stockholders Rep D. $50 that
the President and Directors govern themselves in letting
30 contract w due regard the the funds Tor
The time being, and the ability OF the company meet lis
ongageDents"oro the Justification Of measure as in
page soy Of has report wherein 1t stated that the end
o the fiscal year 1899 just after the work let that the
balance OF resources applicable when realized now
improvements OF the company, 1872, 1863 52-nor
President
nj themOneyes condition and deporabe FIX TO winch mis-
nproFlden zeal had brought the over which he
presided tsce p $685. sth rep On this occasion We pass
k syy1i 1870 c.0q H.mi,,, ., ,r.,,. ... -,
agent and entrusted with $3.50 900 OF the compan,s bonds
without any security whatever he proceeded 10 borrow
SlboO0O o which amount 100000 RENTED {, the
SomPany, and $4,000 he retained for his use y5ih
Rep, 1897 applied the uses of Texas; and .hypo
thecates"t the whole 55OOOO part which has been re-
Seemeo py he legislatures aiding the company with $780,
600 OF State stock the other part s remains in Eurone
ana had tins assistance not bera given the whole mua have
pcehiosi that Gen Hamilton usiiies himself on the
ground mat ne had written President Offering tho
use o Texan funds, which refused; and that t
FresdenI ought not complain; if he afterwards used the
us " me company lot the benefit Of Texas But not
wlins'nndns Cen Haral,oRs
ing he used $4,000 Of the company funds whether viii
OF without the implied assent the President; on the Oi
June, lol2 he feinsated by tho Directory with IL r,
e ana resolutions approving Of hs conduct forwarded n
ann and published 10 the newspaper sec Wing
", 1871 We think We hayr full proved the w-e1l and
nn"t-e managemeulof the aascC. Of th. coa,pnuy Tho
e Maseiui management seems u be continued in the
management Of tho canal Tor n, .uperiotsnd.n are I'M,
mshed with packets and and horses "a, Necessary
aPPehoases when we believe tho supcrucndents ought 10
10 on horseback, that they might discover dcfe in I'M,
canal and apply Of once the remedy
The Report OF he Committee
Inns meeting cannot, justice il. views pass by in b.
Ies me I,por Of committee Of the Senate IT. las
session and signed by Robcu Y Conrad-ssh Rem
Much as the matter for structure in that report md in the
documents referred TO- and annexed 10 H. the lime and tie
oe-an ioIoll enlargement Tbs meeting cannot howe
VeI Teiru,n from calling the attention Of the public to the
very small degree in which that 70 mort i resn,nsvs T., ,b
Iosouoh D winch the committee crcatcd-nor can
we pass ~ silence the state Of mind Of the committee IN
Haeo oy information from other and impartial ,oirces
which could iaduee Them, seemingly to fecirate them
Nes on me circumstance that they had been aided ia their
eeIuuny o. mo work, by lho explanations Of the Eng
neer, Supsnnendents and President ~ the t,o,r,.,.
Loeh 1eing hcir only sds This meeting is not surprised
nA hey ieli themselves prepared report on the structure
we Mo'h oone and not done, Of Ia miles In length In
IN Hat
they were engaged Ia examining IT, or les tine mai h
e., Pesoo ioi lnein 10 iravcr-c il in shorter space
w Donnlee' e'oed m 'i,c hummer by the explanations
and documents q the Pre,id NJ as.,e Inc ,,;i :, ~
uu'os gouha' thai such Has been the economy prac.
ea N the structure Of the canathst although he COM
- a p Palu So 40 per milo or its, they fay
eve ne President aud Dirccrs 30 p'v i t s,-,,,
.u a que hio"ehcc,, thhi n, has, actually realized on
sssiegoe saving over and obo.e JUDGE Virgins ogri,
w. il'--'sec s,h Rep, oses Or.
One Of these allowance winch t.. .,,,,,,,, ,I g., .