Sentinel of the valley. [volume] (Woodstock, Va) 1841-1848, 1845-07-03
nd some repairs to the abutments and

and some repairs to the abutments and
piers.
+ Sd. With respect to the remaining
bridges, Of the larger class along the
line, they may be saitlto be in about
| the same condition as when last repor.
ted, and as then observed, will require
precautionary expense to sustain them,
in consequence of their having been so
imperfectly built in the first place.
4th. The most of the smaller class
Of bridges, will require considerable re-
pairing during the ensuing year.
9th. The road in general may be
represented TO be in good condition,
and when compared with other turn
pixies, may, with great propriety, be
said to be the best in the State, if not
equal to any elsewhere. But notwith-
standing this, certain amount of re.
pairs will be necessary every year to
keep it up to what it now is.
9th. Various views have been enter.
tanned as regards the best policy to be
pursued in reference to keeping the
road in repair, all of which have en-
gagged the attention Of the President
This however,is subject that had bet
ter be left with the Board, who will
have i, Immediately under their charge.
7th. Many of the difficulties and
controversies of the Company have
been settled and arranged within the
past year. In some Gifts legal contro-
verSies, mach time seems to have been
unnecessarily consumed in getting
them adjusted. This delay, however,
was unavoidable on the part of the
Company, and in most instances has
resulted to its advantage, for reasons
perfectly obvious to those intimatel,
acquainted with the former condition
Of the affairs of the Company. y
Sth. The passage OLA Bill (last win
ter) by the Legislature, authorizing a
loan by the Valley Turnpike Company,
and giving the States guaranty for
,hree-fitihs thereof, and a mortgage
upon the road for the other two-ffihs,
and the punctual manner with which
the Company has met all engagements
entered into within the last two years,
has had the effect of placing the credit
ofthe Company on quite respectable
footing, for instance, bonds Of the Com
pany, payable at short dates, are sub
jected to very small discount when
forced into market; whereas, two years
ago it would have been difficult to have
cashed them at very heavy discount.
9th. 1t will be found, by reference
to the last annual report of the Board to
the Stockholders herewith submitted,
that the calculations and estimates
therein, made in reference to the oper-
ations of the past year, have been to
considerable extent verified; nctwilh-
standing the drought of last fall and
this spring, which operates, as it al
ways does, against the Company, by
improving the common roads TO other
markets.
10th. In conformity with an order of
the Stockholders, passed at their last
annual meeting, great eXerilons have
been made to ascertain the true amount
of the liabilities ofthe Company, and
the amount herein reported, is believed
to be as near the actual amount as can
be ascertained.
1lth. Amount of debt reported.
June Id, l845. was, S65, 484 II
Amount paid as a permanent re-
duc,iun # the same with the a.
mount on hand June /, 1916. 1888 Is
$57 ,655 SO
Amount saved in the settlement
of claims and the adjustment of
controversies by securing credits,
&C., to which the Company was
equitably entitled, 3,l45 67
Leaving balance ofdebt now due
of $54, $40 90
Which amount embraces all the interest upon
outstanding estimates and drafts. Law expenses,
Land damages, &c., and constitutes the entire
Indebtedness of the Company up TO the LIST
June, lS45.
18th. To amount of balance on
hand LIST June, 1874, Isl, Z2o 90
Tolls received the year ending
LIST June. 1916, 1886 ii
Received for stock subscribed by
Board of Public Works, 776 w
Received for stock subscribed
by Individuals, AS w
Interest received on settlement
Of claims, loo 81
l-
Total amount of Reefs for 1S45, Sl7,7 92 AZ
By total amount Of expenses for
the year ending June | 1915. $o,45| 20
old debts interest &C. 1912 OF
By balance on hand June ,lo45 5o2 ~
SIT 1872 AZ |
18th. 1t will beperceived by refer
ence 10 the last annual report, that the
estimate therein made for the expenses
of the year ending the lst June, l845,
was SC, 400 90, whereas they were &c.