Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1846-12-01

the construction oil the IufWdleI oOutHS1e q ~
Rivanna connections, and the erection Of dam
and lock across The hanaWha rIyer-lhe cos' VI
which is estimated as follows:
Between Lynchburg and North
The Tdewaler and other connec-
lions, 5O9, ~
Kanawha Dam and Lock, 60,000 w
Making in all Sl,2l0,737 81
To raise which sum he recommends an I'M
mediate application 10 the Legislature, for Inc
creation OF new capital 10 the amount oil NV
900 dollars, 10 be applied to those purposes.
The Presidents Report was referred TO COM
mitlee. consisting OF The following gentlemen:
VIM. M. Peylon, N. Venable, and 0. NJ.
Crulch6eld Slate proxies; Judge Edward john
sion, of Boletourl; James Lyons Sidney S. Ba1-
Ter, Gusavus A. Myers, Joseph Mayo, James NJ.
Wickam Geo. N. Johnson, Fleming James and
Thos. II. Ellis, OF Richmond.
MIR. VIM. Nj Peylon read TO the meeting Re-
port, in his own ZANE, as the only one OF The com.
mitlee appointed al the last annual meeting OF
the stockholders 10 view the line of improvement,
who had been able 10 attend 10 the duty. DE had
made critical examination Of The works between
Lynchburg and North River-iound them in
remarkably good state OF preservalion-and is
satisfied that the Canal can be completed 10 the
in The Report oil The President Of The Company.
MIR. P. likewise laid before the meeting an esli-
male of The amount OF tonnage from Botetourt
counytpre pared by committee OF its Citizens
Both of these documents were referred TO the FORE
going committee; and The meeting adjourned un.
Ill Thursday evening next.
JAMES RIVER AND KANAwHA CON-
PANY.-An adjourned meeting OF the Stock
holders Of this Company was held al its office last
Thursday evening, Nov. 26, 10 receive the report
fine Committee OF Thirteen, lin The publication
OF whose names, in Thursdays paper, that Of
VIM. Ii. mcfarland, Esq, was accidentally
omitted, } appointed on Tuesday evening, 10 which
the Presidents Annual Report and other docu-
mems had been referred. That Committee pre-
scented a series of resolutions, accompanied by
brief and lucid explanatory remarks, setting forth
the reasons which had led them 10 The conclu-
sions therein embodied and enforcing The expe-
diency of The several important measures pre-
sened for The sanction OF The stockholders. The
resolutions were, afer protraced discussion,
adopted, in The following words:
/. Resolved, That the Board Of Directors be
instructed 10 re-eslablish The raes of tolls for
transportation on The Canal, as authorized by and
established under The first section OF The Act OF
Assembly oil the oath March, lS43: Provided,
power 10 make such changes in The classification
oilos, as 10 place tolls more nearly in proportion TO
the value OF The articles transported on The Canal.
q ResOired, That application be made 10 The
General Assembly 10 convert the debt due from
the Company 10 The Commonwealth, and also The
debt oil The Company due BY bonds, OF which The
Commonwealth is gualanor, into stock oil The
Company al par, on terms which may be just be-
tween The Commonwealth and other stockholders.
3. Resolred, That application be made 10 The
Legislature 10 relieve the Company from The for
teure and other restrictions and conditions I'M
posed BY The act OF March 10th, 1882, as penal
ties for a failure 10 complete The work in limited
time.
4. Resolved, That The Legislature be informed
that the Company will be unable 10 pay its inte-
rest in January next and requested to advance
the sum OF $57,559 &c. 10 enable il 10 pay The
same.
The first resolution, proposing an increase in
lhellarff OF tells, was adopted BY an almost una
nimous vole-we believe The proxy representing
the slock oflhe corporation and individual citizens
of Lynchburs alone being opposed TO il.
Alter The adoption Of The foregoing resolutions,
The State Proxies submitted the following, in ODE
dience to instructions TO that effect from the Board
of Public Works:
5. RcsOiued, That The salary of the President
be raised 10 $1,000, and that the necessary ex-
penses incurred by him in visiting the line OF i'm.
provemens, be betrayed out OF the revenue OF The
Company.
The salary OF the President Of the Company,
prior 10 The adoption OF This resolution, was 500
dollars, and his travelling expenses were defray-
ed by himselt-having been reduced TO that sum
Two years ago. This resolution was not adopted
without opposition, although The majority in its
favor was very large. lis opponents admitted the
inadequacy Of The salary, especially when the
eminent qualifications OF President Gwynn which
all conceded were considered, and especially as
it was proba BILE that his valuable services might
be lost BY its rejection II was contended, how
ever, and not without force, that in The present
condition of the Company, and especially prior
TO The action OF the Legislature upon The applica
ton for aid directed 10 be made 10 that body, the
increase proposed ought not TO be made. If the
aid asked for shall be refused, the operations OF
the Company will be so contracted, that neither
The duties 10 be performed nor The ability neces.
SaIy TO their discharge will justify or demand 50
high rate OF compensation. If on the contrary,
the Legislature shall disembarrass the Company,
by assuming It's guaranteed debt and by rein-
gushing The amount due TO The State, and the
Company shall be thereby enabled 10 re-
sumo the prosecution of its long suspended
works, il would then be time enough, as il
would be eminenly just and proper, 10 increase
the salary OF The President, 10 an amount sufi.
cient TO remunerate The services Of one so well
qualified as is Major Gwynn to conduct its affairs.
Those who voted against the resolution did so
with reluctance, we are sure, but from convic-
lion tina, sound policy dictated the postponement
Of final action upon it until the fate OF the Com
pany's application 10 The Legislature should be
ascerlained. No feeling oil ill-wi towards the
President Of the Company-no wish TO withhold
from him Just remuneration for his services
;nHp ppad Sfpd n fh0cp ho
voted against The resolulion-all of whom are sa-
listed of his peculiar qualifications for the re-
spon sible and arduous trust.
A committee OF fve-of whose names we have
not been intermediates appointed 10 draw and
present 10 The Legislature Memorial, embracing
The several applications directed 10 be made 10
tina, body.
The meeting then proceeded 10 The election OF
its officers Tor The ensuing year; whereupon, the
following gentlemen were chosen nt,aine contra
discente:
WALTER GwYNN, President.
Thomas NJ. Bondurant, of Buckingham,
John Brockenbrough, OF Bath,
Samuel McCorkle. of Lynchburg,
Charles Dimmock oi Richmond
Thomas H. Ellis, OF Richmond, directors.
The meeting then adjourned until the first Mon
day in Feburary.-[ Wig.
LETTERS OF MhRQUE, &C we learn,
from Washington, on The very best authority, that
correspondence has taken place between The Sc.
creary Of State for The United States and The au-
rhorilies of Cuba, touching the filling out of Mex
lean Letters of Marque in the ports OF that Island.
1t is known that there is an express stipulation in
our Treaty Of 1899, with old Spain, against The Ill
Ting out OF pivaIeers from any Spanish port, which
stipulation has been pressed upon The attention OF
Spain In reply 10 Mr.. Buchanan's letter, we are
told that The most positive assurances have been
returned both by the government OF Cuba and thai
Of the mother country, 10 the effect that The terms
of The Treaty will be most religiousy adhered to.
No privaIeeIs Of any description, will be suffered
10 depart from any Spanish possession.
Mr.. Buchanan maintains distinctly thai any
violation of the treaty would be just cause OF
war.
Much has been said by impairment writer's Tor
the press as to certain negotiations said TO have
been entered into between our government and