Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1844-01-20

r," ,he ,oad O. 602 81 and within The period
or 1919 there was received 5000 "a, showing iai-
| ing off Of S593 "a ,r,;,o from
4 Within The same period OF time the colec.,ohs rum
,ha Kanawha river exhibit m increase of $3.50
E,op bsse fc,s it is nj unreasonable TO inier lhol
the Western improvements VIII, WIN ie'ul" u p
porous times, become q source Oh no 'nco,'s
i revenue to the company. During the ias' 49,
nearly oil The defective masonry upon me me u w
road has heen replaced by permanent WORK, al an &"
pense of not less than sc, 00n besides Inc eAecuto
other costly work. which will not have 70 oe rePe'teu
The portion of revenue which has heretofore gone n'
these heavy OUTLAWS, will hereafter oe auoeu " 'e "
come from the road.
Kana,rha RirT.
II w;,l he recoacted that operations upon Inc n
nawha river cannot be carried on except during '"e
season of low water, which constitutes out s'a po
ton of the wear, and that the periods OF cohme"
ment and duration Of this low state OF the Ser are 50
variable as often battle the plans OF tie AGENT III ie
| rard 10 the amount of work to De Done.
Early arrangements were made for efficient acton
upon the river during the last season. new a"u
costly machine boat built, ara every o'nef P''pa
ration was made t, begin work with the first low water
iba, shoud occur Early in JULY practicable stag
Of wa;er came on when force was promptly organized
and ooer,,ions commenced Very soon alter, howe
YER rise in the river took place, md thereafter sue
cession of other rises which completely precnhed any
| thing like effective work. The force, however, was
retained at such work as conld % aohe uhli so'e MS
in October when it was Discharged :.
The only scrapinp that could be executed was IN
Two Nile Shoal, at which point considerable improve
menl has been made. -.
For the residue of the time the force was engaged IN
raising the wills Of TYLER and Elk shutes, and in rails
np ard x;endinp the wing dams at the head OF those
sluices When the was tho high Tor such opera
tions which frequently occurred the hahas were EN-
plnycd IN cutting aud removing oVerhanglng umoe'
i from The banks of the river. =,
/ In mare favorable state Of the river, and with
very small increase of expense, much valuable WORK
could have been done; butt IN consequence OF 'ne uh
proptous OF the season, the amount oil soou
effected is disappointment TO The quantum Oh eAPe"
| incurred
II. FISCAL Concerns.
J. Debt IN Europe.
/ In The course of the past Summer and Fan. Inc
State Stock remaining on hand, nj The period oil 'he
as annual report, amounting TO sl4, was s'id a.
an average Of about % per cent, and The pro-
cears 81, IA "a RENTED, from time 10 tme IN
sterling and Dutch bills, to Messrs Determeyer Yves
lmeh d Son, of Amsterdam, on account OF the debt
due them by The Company. The account current Of
that house, made out after the receipt of the above re-
brought down to the close of the present
year has lust been received showing balance oil 49,
766 90, due a, That date which, with anticipated ex-
change OH the requisite sterling b'lIs, and interest TO
their maturity, will amount Ia S9,11o Is shortly
after the last remittance which by the steamer oil
the Isl October, Messrs. Determeyer, Weslingh ~
Son. were requested TO transmit 10 their agent, IN New
York, the Els, 900 OF the Company sterling bonds,
pledged as security for the debt Presumng, that IN
compliance with this request, the bonds are now on
their way I, this country, ii is only necessary to add,
that the Board Of Directors expect, By the close OF the
year. TO realize, from the tolls the Western improve
| men,s, sum sufficient for the discharge OF the
balance above stated, and thus to be enabled to regain
Of the bonds TINS desirable object once ell
fecied, the whole of the Companys liabilities in Eu-
rope will have been eSnguished.
= Receipts anil Disbursements for The eecsn months con-
sttutiag Ike last fiscal year. and state Of tic finances
at The oi0sc MercOf.
| The aggregate receipts Tor tolls on the
| Western improvements, and on The
canal, and for rents and other minor
sources of income, amounted To Sl9J.25S /.
| Add amount borrowed of the Slate 10
/ pay the interest and annuity due
the lst January and Isl July last, pur-
! suant acts of the Legislature autho
rizinr The same, sissy OC
Making 277,llO /.
The disbursements for the management
and ordinary repairs Of the works above
mentioned for extraordinary repairs OF
same, rendered necessary by the fresh Of
July, 1912, and other hsequent freshes;
for the annuity Of S2 900 to the stock
| holders of the Old James River Co; for
| interest m the companys guaranteed
bonds and on State stock loaned 10 the
company by the Commonwealth /; for
the deficit Of revenue the LIST De-
cembcr, 1872 ard for other minor ex-
penScs clargeable revenue, amount
ed 10 1ea,37o Il
| Leaving due TO nett revenue, but applied
i TO the general expenditures Of the CON-
pany, a bulance Of lO4,73l OF
i The receipts for tolls the
| Richmond dock sos 81
| The disbursements for agency
and collection Of tolls there
on, were ,2if 80
Leaving nett income applied
| TO general expenditures, OF --- 1913 a.
The receipts from the subscriptions OF de
lnquent stockholders; from the sale of
corporation scr received for stock sub
scrip,ons for the sale Of State stock
loaned by the State; from the sale of
i guaranteed bonds; from certificates of
| debt issued during the period embraced
i in this statement and unredeemcd at the
close thereof from the sale of real es
tate; from revenue for the deficit on the
LIST December, 1912; and from interest
and other miscellaneous sources, were 3oO,94b 6t
Add balance on hand lst December, 1912 As 81
Total. 4Y3,30l 81
The dsbnrse ments other than for expen-
, chargenbe TO income from the COM
pany's improvements, but inclusive OF
the redemption OF scrip, the reduction
OF loans and other debts, and payments
on account OF Improvements on the
Richmond dock, amounted 10 49O,4sO 4o
Leaving on hand balance of $2,c2l }.
During the period embraced III this state
ment, certificates Of debt of various
dates, bearing interest, have been issu-
ed, OF the descriptions and amounts fol-
lowing. VIZ
Receivable fer debts, SSH &c
Convertible into guaranteed
bonds, 25,lSl %
Making, 1902 90
Add scrip issued prior to the lst Deem
Der, lo42, l,975,14O CT
Total scrip issued, 2,l22. 1873 G3
The scrip taken in during the same pc
4 riod Tor tolls, debts due the company,
and in exchange for guaranteed bonds,
as follows
Post notes, 1914 100 a.
Certificates receivable for
/ debt, 1l0,l3G %
/ certificates convertible into
guaranteed bonds, eG.225 81
Making 390,5G -
Add scrip redeemed prior 10
/ LIST December, 1912, 1,a2O, SOS Il
Il Total edeemsd - l,9I7,44 CT
Leaving aloat $20i,999 81