Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1845-01-02
1914 Is
1855 IS
Making.
S55.UOu OO

Making, S55,UUO 90
for the ordtRGry cXpenss aud repairs of the canal and the
expenses OF the general administration the company for
the being SIs20 less than ct expenditure for
the year previous.
Iii. with feelings Of the most painful d<appoiontneu and
regret that announce 10 the stockholders that the
revenue OF the canal for the last fiscal year has not
tauled The aucipaOns entertained upon subject at
thr period OF the last annual meetns 1t ~l be recoecied
doubtless. that from the LIST o. April 1873 when the new
tAh went in'o operation, 10 the LIST OF November follow
H. the rate U the receipts actually such that applied
Ia the whole year, they wold have made up al aggregate
OF S23li52 81; aad that Il upon the basis ms tn
al OF the new system during thirds OF year isi3
that the estnai" founded that the lis would not fall
short OF This sum m the year 1874 Tn. amount Of re-
eops however does not exceed the OF Sl7775S IS:
thus falling short ut the estimate by the So G9i
81
happy, however, To state that TIN, unfortunate and
unlocked for result probably the effect OF causes which
are either temporary themselves, and will soon c-ae
To exist Or may be prevented neuaLed Ia their action
10y Jde'uS cooperation OF The Stockholders and diTec-
tors IL - tue opinion OF the board OF Directors that the
u'''"s' III me svsnue has been Produced by the follow
ing causes The shprtness Of the erup OF tob,ccn IN
spectcd at Lynchburg IN 1874 compared with the
amount Il tobacco remaining in the warehouses At LYNCH
burg at the end OF the year 1874, and above the
amount winch remained there the end of the year Is 10
j. dmnu'on OF trade and especially Of the Tonnage IN
merchandise resulting from the and of
me past year J. Evasons 81 the payment OF tolls from
defects IN the regulations reut md
government Ut the canal. AMI s. dimnuon of general
business On the canal pruced by c.1oin Oh. ration
OF the present. liberal tamil of tolls aud the present aie of
ducts.
Whatever doubt may st as to tie relative quaBpm Of
Influence - some oi ht Of deficiency brief
stiiemeht 0i facts MI leave regard Ia
the operation OF the first in the ls: The au,nunt of
tobacco inspected at Lynchburg curing the wear ending
with the 3O;h September, 1874 fell short Of the amount
inspected at the place during previous year by
3343 h'ssheads; and the amount which ren.ined in the
warehouses II that place the said Both September 1874
exceeded the amount Oa hand at the dat the pe.
yous year, 10y 215I hJgshead The sun oi IN - i. the
Uts al ttl finn I
burg TO Richmond during tho past year fell .ho; OIL the ship
ments Of the previous being sn97 hvgshead which,
at the present toll e 81 ca per hog,hoad will account for
SS',oiJ v the deficiency OF the tolls Tor the year.
In proof OF she probable diversion Of trade PRODUCED by
the interruptions IN the navigation during the past year,
need only refer back the already made upon
the subject M the Of tins report
Upon The subject Of the probable Of tolls under
the existing regulations To considerable amount suffice
t. say, ha tie impressions Ol the blurd are SO firmly e.
ab-hcc that they have considered il due 10 the Interests
Of the e'mpl1y Ia prepare body Of amended regulations
Tor TIC navigation aud management If the canal which will
be submitted 10 the consideration Of the Stockholders
The ur e tolls, having been referred bnek 10 The di
rec"y 10y the body OF Stockholders their last annual
mceuns' accompanied with power Of gllaon subject
TO the maximum limit Of the time existing
the subject has received from the board that high dcgfc, o.
attention and con-lder4On, which emneny due 20 Il.
magnitude aud imP'rilncc. Looking the responsibility
81 the st'ie Tor the Liabilities Of the company consider
able amount, aud ihe manifest objects of the Legislature
IN ihe Passage ri the authorizing increase tariff Of
tolls lie board ci directors felt great reluctance 10 mike
Oi
the e1pcd' ncy q" the measure They, therefore, decided
t. po'ronc any uptea acton upon the tamil until annb.
or year should shed IT. lights upon the subject But re-
ctnty upon full Of all the eygoucc lad b,
fore h, n, aided 10y the results Of this additional
they have been Impressed with belief that in view Of
tn present depressed stac Of prices for IT, hef staples OF
lie Sni', well ne of The cDuutcfacng measures ii rival
n's TIC existing high rbies Of toll. calculated d-
minish The amount 81" irslgo transported the canal and
H'' regard T. the revenue ueli dictates tie policy OF
some reduction IN the pine pal 81 the tiIT They
d. the
dofs should other" i,u Ofjrr there shall be reduction h
take met Oh ihc 18th VI ts month, rpon bar iron and
tObacco from cents - - per per mile; upon
wheat and flour from cents % cos and upon ali mr.
hccs now paying five cents TO four cents.
Although oil reasoning from analogy upon this subject
may be aieEd"d with dagger least discriminating circun
stances may unknown " overlooked vet II IL due 10 tc
directory To state that ier present Of tariff are
sustained by the Of and Of opinion which
have prevailed upon The Erie canal. The tolls upon that
cana! were reduced IN the spring Of 1888 rs 10 opcrac
on tho trade Of that year; and again in the following win
tef 20 as T. have bearing the trade Of 1884 and yet
Tue amount Of tolls IN 1885, exceeded the amount received
iu any previous yoar The op mon has been rryr,rdv
eHpf's'rd by ic highest auiLoruc in that State , the
increase Of business on the canal. which followed pncd-
aiey ~ The feaf Of these measures although doubtless du.
part - other causes, in considerable degree the
effect u these cducuonsg " The tann soo rep,f Of the
committee on canals on 20 much Of the Governors
sage ~ relates TO canals, 8. %, %, ~ and 81
g. S'eond Grand Diuision Of the CangI
The only works which are now In upon this division,
the two Old state dams tie pass Of the Blue Ride and
the guard sud outlet locks connected together by short
section Of the old UaDa by which he baueaux are passed
around ihc northern extremity of the upper dam
n the month Of March last the gates Of the guard lock
NJ this pnt found 10 bo IN bad order very much
dccaycd whereupon carpenters Immediately up
by the 'upefintcndcntof the upper section II the canal
and these gates were promptly repaired and again put
good condition.
In the cpurso ~ the last summer, the navigation the
pos. II the Blue Ridge suffered similar interruption from
the effects Of extreme low water with that which
pencucod the line u the canal The Inconvenience
hOVcyrr discovered itself the mountain IN ron.
sey1once Of fc greater leakage Of the old dams
upon hsi psu u be lire which appear never 10 have
been properly sheet piled upon he upper Sides and have
sui rod yory much from the progress 81 uno aud decay.
IN the last week ~ Iuly the rver fell about three feet be.
low the top II both ~ ose DANA IN consequence u which.
the bosuS couid pass ior the 81 water through
the guard lock the mouth Of she North ryer through
the chute in the lower dam. proper amount u force
WIS Immediately placed, under skilfu superintendent,
upon both Of The dsms and practicable, by
means 81 gravel and busbwood. the leakage arrested
nnd the navigation restored As passed by these works
on The yh Of August, NY way TO the west, found the
wafer again running the upper dami aud cp7sed
h'n on my return eastward, on the 3Oh Of September,