Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1846-12-25
2O6,477 co


Leaving surplus revenue OF Sl757lO %
With such surplus Ihe company could find no difficulty
IN borrowing sum sufficient finish the canal TO Cow
ington, distance Of So miles beyond Buchanan When
the work shall have reached this point the tonnage would
again seay increase not only from tho greater produe
unh 81 iron which would be stimulated by carrying the
canal to that point, but especially from the trade
IN lumber and agricultural productions The counties
around Covngton, OF Allegheny Bath Pocahonta, Green
brer and Monroe, covered with timber of the rarcs
and most valuable kinds and 1t the proper facies were
Afforded the lumber trade would become one of VAST inn
PoT'anee As 1t is, the timber growing is dead capital
Extend the canal and II becomes and interest
bearing Instead of the citizens OF Richmond wing
the lumber 10 build their houses and for other purposes
from the north and SOUTH they might then be supplied from
state.
Besides, the lands these counties are of the best qua
MY, and her productions would be greatly increased
large portion OF them being admirably adapted
grown ct wheat In the present condition OF things,
bushel - sent 10 market. These considerations Justify
IN saying that the revenue Of tho company would be
greatly increased by carrying the canal Coyng,on and
that Il would soon be IN situation prosecute - work
either by an extension OF the waer-liuo railroad
the Ohio.
The truth is, Virginia possesses within herself bs many
not more, vi the elements of wealth and greatness Tan
any Stale ~ tho Union. But these must remain
useless unless facilities afforded for their development
IL - vain that has layishcd her bountes upon U.s.
we have not TIE enterprise sId energy them
10 aUd enjoyment.
Ia conclusion your memoriass would express their or
dent desire and earnest hope that the Legislature ay
ply with the seveTs propositions contained IN the resolutions
OF tc stockholders, already eic ed - convert the
deb due 10 TIC State from the company and the
oil the bonds of the company, for whcn tic State guar
antor INTO sock Of the company; relieve II OF the penalties
imposed by It's charter, aud provide for the payment the
interest due N January next which the company unable
u meet on account Of the ia ling of
past Uccasicned by the failure wheat crop
reduction Vi the tolls and Of certain repairs
that tho state Of the work mperiousy demanded.
In regard 10 tn fT proposition the rskc
hauds Of e Legislature Will appear great
the NUN important. Of TIC
oRy the state winch arcldy c khoi
but -aiy c p'opc OF the although
er be Literally 10 tn stock under
would BE- rI;entc 10 them, derived 10 10
from II: and a. fart remember Of the
by uEnsier OF h6r company ard
that the rcsrft required annuity
y houssni do the sockh lies the OIL Atihe
ai this sat scrptn made thought that the
the oh canal ght be made for the
tier eHamnlio tan'd that woud
fc rs feet between tn Clus
rau itself 1-tacCd Ts had
to BE- r-con'ucc ant the million which the works
were taken from thu STAT proved aim 6eldss Of
il company.
Your from ursint ether al
this time that press surg thfu
selves 10 TIE csi That comp anu and
growing d. faaeton IN cea portions q the
OF the decay which has ured TIE this great
Is fact that who
can have siei 70 by the resumption
work hrnony afd uooi will be restored and bnr day
dawn goo old CONNIE nwCalth oIuoI
AMI her fortunes o. be the Il dispsl
Tint coui that Oh her EreatDcss and Virginia stand
whcrH she oOj and where her
hor stand again ~ the Concieaey
state PRIDE wei agpcl we
tfusi % N.1 not b. IN vs1.
And bsurd &c