Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1846-12-01
WIN. B. TowLEs, Nj. D., Sec'iy.

From the Republican we gather The following
particulars OF the late meeting OF the James River
and Kanawha Company. We have also drawn
upon The Wing Tor many interesting facts:
The proxies OF The Stale on The occasion, were:
VIM M. Peyton. Nathaniel E. Venerable and
Oscar NJ Crulchheld
The meeting OF The stockholders was adjourn
ed, al late hour until The first Monday in Feb
ruary next.
Committees 10 present memorial 10 the next
Legislature:
Edward Johnston. Of Boletourt
Fleming James, Richmond
James Lyons, do.
VIM. NJ. PeYion, Roanoke.
Oscar Nj. Crulchfed, SpOlIsylvania.
And, on motion, The Chairman CDR. Broken
brough) was unanimously added.
A Committee wa appointed 70 examine The
books, papers, and accounts OF the Company, viz:
Messrs. James Fl. Gardner Bernard Peyton,
Lewis Webb, William Mitchell, Jr., and Sam
ue Marx.
From Tie U1ig.]
JAMES RIVER g. KANAWHA COMPA-
NY.-The Stockholders Of The James River and
Kanawha Company commenced their annual
session on Monday evening the 23d November,
and organized by calling Dr. John Broken
pearing, the meeting adjourned until the next
evening, when, majority OF The stockholders
being present. in person or by proxy. the Presi-
dent OF the Company WALTER GwYNN, Esq.
proceeded TO read his interesting and able Annu-
al Report, document which we hope 10 lay be-
fore our readers in e1enso in the course OF next
week. In the meanwhile, we take The liberty OF
extracting from il, for The information the pub
lie several important facts.
The receipts from the canal during The last As
cal year, ending on The 3lst of Oc-
tober, amounted 10 The sum OF Sill 1873 81
While those OF the previous year
were lS7,O65 ~
Showing decrease in the last year of Sl5s97
49, This result is attributed manly TO the short
ness of the wheat and tobacco crops, and the
consequent reduction OF the upward trade.
The whole amount disbuIsed during the year,
for all purposes, ordinary and extraordinary, is
5647; but the ordinary expenses and repairs
OF The Canal, ard the expenses oil the general adj
minisIralion of tie Company, amounted only 10
$40 205 SO, which, compared with the like ex-
pendiures Of the preceding year, shows reduc-
tion OF S6,50l 10.
The scrip taken in during The year Tor tolls and
debts due the Company, amounts 10 81 1886 Dc
leaving still outstanding, S7,4l0 IS.
The amount OF certificates receivable for dock
ing still outstanding S., 35l %.
The resources OF the Company at The close Of
The last fiscal year amount 10 $l3I, 939 95
And The liabilities 10 1920 90
Balance of resources, SS9, $40 OF
Blu, among The Liabilities is General Hamilon's
debI," amounting 10 S74 40S 20, which is cons.
deied "oi an extremely doubtful character !" and
indeed nearly the whole Of the " resources" are
stated 10 be Of such nature that they cannot be
rendered available for The immediate wants of the
Company; while, on The other hand, The greater
portion OF the I" Liabilities" can be demanded with
in short time
The Company will probably have TO meet, with.
10 The next three months, claims, including The
January interest on lis outstanding debt, 10 The
amount of SloS,3l3 %
And lis resources, which will probably
be available within that period
amounr, Ia portion OF them estimat-
ed)to 57,l65 26
Showing deficiency OF S50,531 81
The causes of This deficiency, (says President
Gwynn,) may be found in The unexpected falling
off in The receipts of The year, in sundry outsand
ing oullays called for BY disasters, which, being
unusual, can never be anticipated, and in the ne
cessily OF meeting, in The course OF The year, Sc
veral expenditures in the shape Of original con-
slrucions, demonstrations and renewals Of work
and the reduction OF sundry liabilities all Of
which, it was confidently expected, might be
postponed until the next year. The most prom-
nent OF these may be stated as follows:
Falling of of canal tolls, compared with the
receipts OF lastyear, Sl5,s97 l6
Increase of outstanding tolls on Ka-
nawha river, 1851 81
One-half al least oil The scrip and dock
certificates, with the interes thereon,
redeemed during the year, 1852 "a
Paymen, for purchase Of the Dock,
with interest thereon, 10 private cre-
ditors Of the Old Dock Company, 1852 rs
Payments on account of original
constructions, reconstrucrions and
renewal OF works, and Tor extraordi-
nary repairs, l04s4 81
Total, S50,7l9 la
To meet this deficiency, Presiden, Gwynn re.
commends an application 10 the Legislature fol
loan 10 the amount of the interest on The guar
anied bonds [s42, 0O0l which will be due on The
| Is, Of January next
The President discusses briefly and clearly The
future policy Of the Company, in the proposed
extension OF The work to the Ohio river; and
| without expressing preference for either OF The
| rival modes iroads or canals
either OF which he deems entirely practicable
ne gives an estimate OF their respective cost. To
comnlete the ranal he esfimaies the