Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1845-01-10
35,3.li Is
Making
$4,000 90

for the ordinary expenses and repairs OF the ca
nal, and the expenses OF the general admlnistra-
ton oflhe company for The year, being S4 SSoless
than the rate OF expenditure for the year previ-
ous
/, is with feelings Of the most painful disap-
pointment and regret that | announce 70 ihe
Stockholders, mat the revenue OF the canal, iorlhe
last fiscal year, has not equalled The anicipaonS
entertained upon the subject at the period of the
last annual meeting. Ii will be- rccolitcied,
doubtless. thar from the Isl of April, 1913, when
the new Tariff went into operation, 10 The Isl Of
November following, the rate OF the receipts was
actually such that il applied 10 the whole year,
they would have made ap an aggregate OF Ss5U,
49, o.: and that il was upon The basis oil Tins
,rial Of The new system during two-thints OF The
wear 1919, that the estimate was founded, matt The
Tolls wonld not TALL short OF this sum in the year
l941. The amount of the receipts however, does
not exceed the sum Of $l17,75s %; thus falling
short of the estimate by the sum OF So2,6'l 81
l am happy, however, to state, that ms uniot-
,una,e and unlooked-ior result is probably The
effec, of causes, which are either temporary in
themselves, and will soon cease TO exist, or may
be prevented or neutraiZed in their action ny a
iudicious cooperation OF the Stockholders and
Directors. II is the opinion OF the Board OF Di-
rec,ors that the deficiency in the revenue has been
produced by the following causes: !. The short
ness of The crop Of tobacco inspected at Lynch
bnra in 1914, compared with the amount inspected
al The same place in 1913. ,. The excess of The
amount of tobacco remaining in the warehouses
al Lynchburs at the end OF the year 1914, over
and above the amount which remained there al
The end OF the year 1913. B. A diminulion OF
trade. and especially of the tonnage in merchan-
die, resulting from the disasters and Interrupt.
lions of the pas, year 4. EMISSIONS of the pay
men of tolls from defects in the present re.nla-
lions for the management and government oil The
canal And s. A diminution OF general business
ON the canal, produced BY the conjoint operation
of the present liberal Tariff of tolls and The pre-
sent state of extraordinary depression OF The mar
ket for agricultural products
Whatever doubt may exist as 10 The relative
ouanium OF Influence as 10 some OF these causes
of deficiency, a brief Statement, of facts will leave
no uncertainty in regarl 10 the operation OF The
two first in the list. The amount OF tobacco in
spec,ed a, Lynchburg during the year ending
with the 30lh September lSl4, fell short Of The
amount inspected at the same place during the
previous year, by 5,343 hossheads; and the
amount which remained in the warehouses at
that place, on the said Both September 1914, ex-
teeded the amour, on hand at the same gaze IN
the previous year, by 1854 hogsheads. The sun'
of these, is the amount by which the shipments
Of tobacco from Lynchburg 10 Richmond during
the past year fell short OF the shipments OF the
previous year; being s,097 hossheads; which at
the present toll of 81 81 per hogshead, VIII &C
count for $37Sl3 Of the deficiency OF the tolls Tor
he year. -.
I'm proof OF the probable diversion of trade
produced bv the Interruptions in the navigation
during the past wear, need only refer back me