Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1845-12-09
To IKE Shareholder Of The James Rirsr end Raga.sG.
C9mygHL.
No l.

40. l.
Your stuston is full Of embarrassment and presents
you in very enyable condition. Your suhscTipnn of
800 per shnfe 10 the capital Of this Company NOT
worth ihGn dollars Your corpoate obIiya,inn
would not sell TO any in tho market without the
guarantee OF the State OF seyenty-ve in the dollar
III OF the obligations Of your charter that You should
complete connection between the Eastern and Western
Waters, either by Rail Road Canal, within twelve
years aud that limitation expires within about twelyo
months from tiiE tine. Your total HaJ,hIB 10 fulfil your
obigaIonf. even the time extended is placed be-
yonI all question: Under these circumstances what course
ought you to pursuel The public mind is deeply apa
ted the subject Of Internal improvements and paTicu
larry as 10 the Central Improvement: aud it therefore not
improper, that few suggestions be made TO those who
have not already psced their proxies IN haHds TO which
they have been directed by those who have ereoor. 90
yerned this Ass0ci1tonof the alternatives oG sale 10
satisfy the demands Of the State against YOU Of rale 10
her at price that hereafter be ngred upon tween
YOU or OF an arrangement Ivy which you may hold on to
your rights upon terms that may hereafter be agreed on
which ought you 10 adopt The State will have the right
within one year, to declare your charter forfeited and
proceed to representation Of your effects. Does
1t not, therefore, become you consider with concern
what may avert evil OF the kind the mercy the
clomency the justice Of the Legislature are attributes
exercised only TO limited extent wafds insoyent sssocia
IONS and specially towards which has rendered three
millions Of Ito peoples money yalueless fOt years
Some times creditor may have his clemency excited
wards nsoycnt and worthless debtor by the tact that
o has sold him property, az high price, 10 create debt
but what the facts this the State sold 10 you
works which has cost 81 100000 to 81 100000 for
one milOn' ana subscribed S2,DUUD To the capital OF
the Company, besides and IN addition TO this, She has
guaranteed 81 GJ00O0 Of your bonds and has advanced
you several hundred thousand dollars more pay the in
tores these, sud may ask what has been
ed Tor all ths-dOes not nearly half Of The tohOis
taxes Of the State 90 pay the interest which
she has invested IN this Company and where y the reurni
Fray under this state Of facts what part OF your
Duct incorporated body, she hnd sny thing
cite her csmency7 None that know Of except he that
some Of your Agents. whether by your directions not
don't know, have sbused her fer pafsimony like
solvent debtors who 1--we Of O the bounty Of the creditor I'LL
he gets tired II their company and wants them 10 dscOn.
nue their accounts and thanking him Tor his
sets 81 Kindness abuses him because he does not allow
them 70 ruin m You have completely shut yourselves
out from sny just claim to her cemoncy snY association
Il any chaacer that formed 10 gy country for
sny purpose Not single representation has been found
rue-nO promise hiss been ulhled-noi single estimate
hes been reahedme and again have you made the most
splendid representations OF your prospects. ~ the outset
you promised that the desert should BE- inside fruitful plata
-ih' stePes and spires should m their gstening SUBMITS
~ the skythai the Metropolis u the State would so
70 the rank Of imperial Cyihst the fru,s al your
ence should scatter greatness aod glory over the whole
State and that your influence would bind together every
quarter Ol the State, and keep within her limits all her
pursuing the pathway 20 glory amidst wcsltA and LUXURY
But how sad picture do You present - compared with
these splendid predciionsi One might smos, suppose that
here had been come istake about this thing bat yssHV
have and believe will publish the whole picture Of
your ipure glory depicted The prophecy Of "Peer the
lie nit" Of tho nineteenth century Peter fe FIRST De-
sired 10 expo the Indels from Palestine the atler de-
stes u eHlorminaic me MUskas along the James River
faiey The 's N9sght he would confer lasting bene-
~ on mankind by Masking grsHI Rsrch 10 Palestine, the
othor hunks he will perfect Vood ny dissiax Csna
scross the Aegsny mountains without single drop u
ter TO put IN IT, snd by building dams along the James River