Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1844-01-20
!, William 3 Preston. Sidney S Baxter, and William II


neral Assembly asking the aid of the Commonwealth
in prosecuting and finishing the second division Of the
James River and Kanawha improvement
On motion of Mr.. ToIer, IT was
Resored, That the committee 70 whcn the annual
renor, f The President has been referred be instructed
N enquire into the expedency Of reducing the existing
rates of tolls on the frs, grand DIVISION OF the canal
The meeting then adjourned TIL Thursday the l4lh,
DECEMBER IIth, 1913
Gen Cooke being absent, Mr Fleming james was
called to the Char-when
Mr. Peyton. as acting Chairman of the Committee
on the Presidents Report stated that the Committee
were not yet prepared 10 report hnny on The matters
before them, and that there was pending before the
House of Delegates resolution proposing ceItnn IN
the States PROXIES they could not win
proprety vote any subject involved in such nstruc-
lions until that resolution should have been disposed
Of He therefore asked, on behalf Of the committee,
further time and leave to sit AGAIN. And they were
granted.
Dmmock L. Co, propretors of the steam ropeller
boat recently placed on the canal, mplaInIng that
the canal in several places between Richmond and
Lynchburg had not the depth OF water required by
the charter, by which means The speed OF the boat
was retarded; and praying the stockholders to direct
the necessary measures for ensurng the required depth
of water at every point Of the canal which memo
rial was referred to the COMMITTEE on The fresi-
dents Report.
Mr. Lee, one OF the proxies Of the State, in obed
ence In resolution of the General Assembly, adopted
9th March, 1913, submitted the following resolutlon
which was referred TO the same Committee:
Resolred That the salary of the President OF the
Company shall hereafter be al the rate of two thou
sand dollars per annum, and that of the Secretary at
the rate of eighteen hundred dollars per annum, IN
lieu of the salaries heretofore fixed for said officers
spectively
The meeting then adjourned TIL the next day at
Z o'clock 7. NJ
DECEMBER Is, 1913
The meeting having convened, and Mr.. James being
again called the Chair Mr. Peyton, acting Char
man of the Committee to whom had been referred the
Presidents port and various other matters reported
the following resolutions for the consideration OF the
stockholders, VIZ
l. Resoired That it is nex pedient reduce the ge
neral average rate of tolls The canal aud that 1t IS
also inc ypedent for the ockhoders TO interfere with
the arrangement Of the details Of the tariff of tolls
that matter having been conded the President and
Directors.
.. RtsoIced That a committee OF three be appointed
with instructions to prepare and present to the Gene
raj Assembly, now in session, suitable memorial ASK
ing ..on,
mode to the wisdom ri the Legislature shall seem
proper u be applied TO the mpletion of the compa
nys unin i5hed works between Lynchburg ana the
mouth of the North river and to the construction OF
the connections contemplated by the Beard of Direct
be the canal and the south side Of james RI
rer and the connection required by law between the
canal and the Rlyamna river. Aud,
Second For permission 10 make provision, by install
ments running through period OF four years, for the
repayment of the States loan cf SD 10 meet the
companys interest and dividend deb, due IN January
and July last or, for the privilege Of using the $780,
000 of guaranteed bonds, which, though included IN
the company's mortgage, have been cancelled-such
privilege TO be upon condition, that said loan oil inter
est money be presently refunded by the company.
Mr. Peyton also reported the following resolutions,
sd and iI) the response Of the Committee TO the
resolution which had been referred to them, Tor the re-
duc,ion of The galaries os the President and Secretary
promising, that reference 10 the salary OF The presi-
dent the Committee had been guided solely by the fact
that since the will of the General Assembly the
subject had been intimated that officer had declined re-
cevng any greater salary than the amount indicated in
3 Resored That the salary Of the President be fixed
al 50 900 per
Resoiced, Thatit is nexpedent 10 reduce the sala
ry uf the Secretary.
Mr. Peg ton also reported the following resolution
.. Resoired, AS the opinion Of this Committee, alter
hearing the testimony several persons examined on
the subject OF the petition of Charles Dmmock y Co.,
that at several points the canal, from accidental
causes, there is not the depth of water required by
the charter and that the President and Directors oil The
Company be requested, possible, to cause q
careful examination of these portions of the line II be
made and TO remedy defects wherever IT is Practcnble
do 50, having due regard to The means OF the compa
ny and the ether operations now IN progress on the line
OF the work
And the vote of the meeting the several resnu-
tons thus recommended by the committee, being taken
scriaGm, they all adopted without opposit'on
except The 4th-which being under consideration, the
States proxies moved and voted for amendment
thereto the end that the Sec.etarys salary should
be reduced to ) 500, which amendment, however,
negatryed.
Mr. Tuler moved The following resolution:
Rfsotred, That the memorial proposed to be address
ed TO the legislature ask Of that body authority To
borrow the credit Of the dock, Qhe bonds TO be
guaranteed by the State) the sum Of S2000O0, n be
applied 10 the exnguishment Of the debt due for the
purchase Of the dock and 10 The completion OF the I'M
provemens contemplated that part OF the companys
works and that when these objects shall have been
com plished the company shall proceed, early as
practicable, to borrow the credit of the dock, sum
sufficient to complete the connection between the ca
nal and tide water
And the vote being taken upon said resolution, it
was rejected.
The meeting Then proceeded to the election ofoicers.
Joseph &. Cabe late President, was re elected una
nimouly with the exception OF the proxy represent
ing Richard G. Morris and Reuben b. Patterson hav-
ing 90 votes.
Messrs John A. lancaster, Thomas M. Bondurant,
John Brockenbrough, and Allen T. Caperon, late d.
rectora, unanimously reelected with the excep-
ton of The votes.
Mr.. Toler nominated M'cajah Davis, jr., director
in the place of Smithson H. Davis, who had removed
out Of the Slate
Mr. Preston nominated Samuel McCorkle for the
same office.
And the roll being called, Uhe President and four
Directors already elected being excused from votrng)
Mr. McCorkle was elected
Messrs. William II Macfarland, Robert G. Scott,
and Sidney S. Baxter were appointed the committee
prepare and present The memorial required by the I'd
resolution.
Messrs. Robert Gwathmey, Samuel Marx, Lewis
Webb, Bernard Peyon, Archibald Pleaslnts and Jas,
II. Gardner were appointed the stlGd'ng committee
to examine the books papers and accounts Of the
pany.
The meeting then adjourned sine die.
}. G.. GREGORY ~ Co., Managers,
RICHMOND, VIRGINIA.
Office yQn, 2ad corners li
SPLENDID CAPITaLS!
dO 900 Dollars!
ALEXANDRIA LOTTERY, Class No. o for 1884, 10 be drawn
Al Alexandria, d. C Saturday, the ll o January, ieit ii
drawn numbers.
Grand Scheme
prize OF Si0DO0 prize Of $1,000