Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1845-01-10
INTERNAL IMPROVEMENT.
REPORT OF THE PRESIDENT

INTERNAL IMPROVEMENT.
REPORT OF THE PRESIDENT
To The Stockholders attic lanes Rirr and Ia
ndmh0 Compang.
(Concladed)
In the course Of the present year, considerable
progress has been made in the re-Sufvey OF tie ahus
condemned for the uses ofthe canal, ana IN marx
ing out their limits with permanent LANDMARKS o.
stone. and likewise in the preparation ot well exc
cuted charts of these lands; all of which will be
finished in the ensuing winter or spring These
operations touching as they do the rights OF pro-
perry, as we'll Of the company as OF the adjacent
land proprietors, require much time and circum-
spection in their execution, and, doubtless, when
finished, will lie of great utility 10 the company
BY furnishing valuable munimens oltitle and the
best means or avoiding future litigation
To the prolracted statement already gwen OF
the operations of the first division, regret 70
have 10 snbjoin that the Board OF DIRECTORS n n
been reluctantly compelled in the course OF the
present wear, 10 add 10 the annual expenses, oy
Two separate called meetings OF The Board OF AS
SCISSORS the one in the spring and Inc DINER IN Inc
summer. The first Of these meetings was pro-
duced mainly by the impossibiity OF otherwise
acquiring title, upon admissible terms, 10 a small
LOT OF ground at Hardwicksville, in Buckingham
county; which lot was essential as landing place
for the ferry established at that point for The &C
commodation OF the south side trade. But The
occasion of this meeting was embraced to pass
upon several other claims for damages which
had been preferred against the company. The
Board OF Assessors met al Hardwicksville on the
10Th of Nav, and passing along line OF The cana
as low down as the Maidens Adventure dam adj
journed at the latter place on The l4,h oil the
month, having previously disposed Of The subjects
brought before them in the course oflheir session.
The second meeting was called in consequence
of decision rendered at the last spring term OF
the Superior Court OF Law and Chancery Tor The
county OF Nelson. This decision recommitted to
the Board of Assessors for reconsideration their
former awards in four cases OF claims for al
legged damages upon the line Of the canal be-
tween the town of New Market and The head OF the
Swift Islands.
The Board Of Assessors met again al New Mar
ket on the 18th july and passing along The line
OF canal as low down as the head OF the Swil'
Islands, adjourned again al lock NO. 81, on The
18th day OF the month, after having acted upon
the business before them. A copy OF the awards
made at these two meetings OF the Board oil AS
SCISSORS, is herewith communicated, marked B.
In introducing the important subject OF The ex-
pendiures during the year, beg leave 10 repeal
the remark which found il necessary to make on
the like occasion in my last Annual Report
'that owing TO the embarrassed condition OF The
company for several years past, il has been ne
cessary to resort extensively TO the system OF ere
dit and postponed payments The result Of winch
has been to throw INTO succeeding years the pay
ment of debts incurred for preceding years. "A
natural effect OF the known prevalence Oh this
system has been 10 cause many claims Tor Ia
Dor, materials and supplies, and for damages to
lands and in other WAYS, 10 be withheld by The
claimants until near the time when payment
might be reasonably expected This fact, in con-
nection with the questionable character OF many
of the claims, until subjected 10 investigation, has
rendered il extremely difficult, during the period
alluded to- 10 ascertain the exact amount OF the
company's Liabilities. In the gradual rectihca-
ton OF our affairs, these deferred claims have
been successfully disposed of and being now
nearly all swept away, will embarrass TO an
extent much more limited than formerly the es-
Inmates and statements Of the company's condi-
lion.
With this preliminary explanation beg leave
10 refer TO the Secretary's accompanying state
ment of the receipts and disbursements OF the lis
cal wear ending with the 3lst October last from
an examination OF which il will be seen that,
leaving out Of view the accounts OF The Western
Improvements, and OF the Richmond Dock, and
excluding also the payment OF interest, and oil The
annuity 10 the stockholders OF The old James Ri
foreign debt, and the redemption OF outstanding
scrip. the disbursements for the year amounted
10 SS3,lTl So
OF this amount, the portion paid for
deferred debts, and on account OF eX-
penses incurred previous 10 the Isl
November, 1919, was 3t,o2G 81
Leaving for the balance paid on &C
count Of the expenses and opera
tons OF the year, 1870 u
This balance comprises the following
expenditures which do not properly
belong 10 ordinary repairs and ex-
penses, viz:
Sundry small items OF delcr-
red work belonging 10 ofi-
sinai construction, $40 81
Sundry small afditions 10 the
original plan Of works, aCoo -
Sundry recOusirnct,0RS and
impIoremenls, 2,962 IS
Sundry ertraOrdia0ry repairs
rendered necessary by nnu-
sualdisasters, 1885 %
Land damages recently as
sesSed, expenses OF assess
ments, and expenses ol
rc-surveying and marking
with permanent landmarks
The boundaries OF acquired
lands between Richmond
and Lynchbnrg 1862 0l
Making, - 1851 lG
Which, being deducted, leaves for the
balance paid on account OF the or
dinary expenses and repairs Of the
canal, and of the general admins
iralion of the company &3ll 10
But to this ought 10 Re added Tue pol
ton Of the salaries and negro hire
payable on the lst January next,
which accrued prior 10 the LIST No
vernber, estimated at $3.50 %
And unsettled accounts for
supplies, materials, extra
- 1865 s.
90