Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1847-11-30

nv had no hand IN Originating me WuraS, Is fc-
sponsibi!ies are clearly lImicd 10 the duty OF
keepng Them 10 repair and gradually remeGyIns
their defects when practicable al an admissible
cost, and that, as lar as my examination extend
ed that duly appears - have been faithfully per-
formed.
The report of The agent already communicated
will sl.ew that, OWN. 10 the long prevalence OF
high water throughout The past season, the usual
amount OF work was moi executed, nor indeed IN
amount commensurate with lis unavoidable cost.
The gross tolls realized from The river during
The year ending with The 3Oth Of September,
amounted to 1921 81, whilst The expenses charge
able thereto, were 1868 Is, leaving melt reyc-
nue. CT 56253 &c.
The practice o, giving credit for The river tolls,
which was commenced under The former, and
has been continued by The present ccmpan", has
been several times advertedto IN preceding annual
reports. lis evils will BE- appaIen. from the tact
that during The past year, without any known re-
missness in The collector, whistihe accruiDg tolls
have been Si2.5I6 Oh. Exceeding The collections
by 1873, 457) uncollecled tolls hare increased
in amount from $40 635 10 10 S23 s3S g. The
credit thus given, being now looked upon as a
prescrirtive righi, il will he impracicablc 10
withhold il until the completion Of Inc new works
upon the Kanawha, contemplated by he ccmpa-
nv in or;.er 10 constitute that river part nl lis
line. shat! require the Introduction oi system oil
collection uniform with ha; which las been
adoncd on the canal And why should these new
work, b. any longer delayed That The old i'm.
movements, however well kept up are made.
olalc 10 degeiopc The natural wealth oil The re-
zion bordering On his liver, no one Will urder-
take 10 deny. The estimate o the new improve
menis calls Tor an expenditure Of 100000, the
in,eres, Of which will be $50, 900 per annun.-
Should they be made even before the chain OF
connection is perfected between them and The
James river, there can be no doubt with these
who atleniyely examine The subject, thai Inc IN
creased commerce Of the hanawha valley, win
the cities on The Ohio would soon yield revenue
sufficient To meet The interest, whilst Trade, oil
no uncomfortable Importance, would IN This way
be prepared in advance, 10 turn 10 The east, II more
profitable, whenever The avenue lor Il should be
opened in this direction.
Referring 10 The proceedings OF the TIA annual
meeting OF the company il will be seen that the
improvement OF The kanawha in The manner
proposed. al least as lar up as Charleston, will
mol inlel tere with he question OF The mode Of i'm
pfovemenl ives! oil Buchanan, whether The deci-
sion oil he stockholders on That occasion shall be
finally adhered 10 or reversed.
therefore respectfully suggest, unless The as
pcci OF The times, in pecuniary point OF view,
should be thought unpTopiou> Ter The attempt,
that application lie made to line Legislature al lis
approaching session, for such aid aud authority
as will enable The company 10 raise lhe means ol
executing the Improvements hereto ole conlem-
MA ed on The Kaaawha, ifcn, ne Ono 10 Charles
ton or in the alternative iar The aid necessary ~
build the dam 2 The foot OF TyieI's sana!, which
was urged az important and tesra' lie in lie as'
annual repaTt. lis due 10 the ci!izsns q iha! ie-
eiun that Ibis earnes. should he given Of The COM
pany's determination 10 carry lis work 10 coiilplc-
ton. AT the came time il is " less due u the
company, thai those citizens should pu; th.ir own
shoulders 10 The wheel with zeal and unanimiy,
and endsavor 10 promote the success Of The ap-
plicaiion by all lhr influence which they possess
in The councils of The Commonwealth.
H. STATE CT THE FINANCES.
On The Isl Of July, The company having com.
piled with ali the previous requirements ot The
&C, OF Is. o. March, l847, received from the lrea-
surer of the commonwealth certificates Of Stale
s,ock TO the amount o: S2i2, coo, being The first
inslaImenl Of HE loan for the resumption u the
works under authority Il that act. or this
------. 5ic2 o-n, L. -. ~. lilly II moi
mum Of /; per cent. with Al advance by The pur-
chasers for The scctuei. interest al the dates Of
the sales, 10 .. eresa'e OF 1850 81.
This large amount Of sales. So much in nd
vance OF the line when The money cen BIZ used
must OF course result in a considerable loss Of
interest; but in view OF the great drain OF ca.h
funds consequent upon Tic foreign war in which
this country is involved. and Of other causes ted
ing evidently 10 financial crisis. The board deem
cd il bes, even al such sacrifice, 10 secure all
The floating capital seeking This kid Of invest
ment while il should be available, and while he
company had undivided possession OF lie mar
ker.
Tor The last fiscal year (eneins win iie SIS o.
Ocloher,) is herewith communicated. arp q
Taking The receipt, on the enc hand and the dis
bursemcn,s on the other from The dif.ren' elias
ses OF account oil Which The statement is com.
posed, and bringing them together in more sue.
cincI form respectively and in ju1aposiiion, they
will appear 10 have been as follows:
RECEIPTS.
On hand at the commencement ofthe year, sl,5e5 Il
Nett revenue from tho k1nawha
road, S2,773 T3
Nett revenue from The kinnIha
river, b23d 10
s9,ca7 ~
last wear. 2o7a
Realized, 1907 u
Net, revenue from the Blue Ridge turnpike
and ferry, I'4 q
Gross receipts from the new canal. aU3,6n5 O.
Ne.t revenue realized from Tie dock, a,36s y
| Fem y.nts S,l5J 3
| From delinquent stockhnde:s, a,oeI Q;
| From iuteres, 2,036 !!
sun sumption Ii' NJ Of work. ''''" " " lC3,s5O o.
', sane premium $3.50 Ct
| From states loan of interest money, 57,,a9 st
| From hills payable, 3,Tof u
fi ls@,inns,, ''A'N' "s'"' ''''"" 376 g.
| From S. & p Garland, 81
Total, s467, O7s 81
| DISBURSEMENTS.
| For expenses and repairs OF the
canal, S5l,4l9 s2
For salaries Of agents on tho ca
nal, ib,3-2 "
For annuity to tie Cd James RI
vercomnany. a1,nH0 90
| For interest on guaranteed loan, S5,2l5 ~
| For interest on loan of state stock, 10, UUO w
| For interest on bord given the
| Stale, -i,iio NO
| For saIaries Of officers tchareed
haIflo revenue and Eaifio new
improvements f,'cl -
| For pay and mileage Of directors,
| charged In same way, I,''il ~
| For construction of cnna', Told
| balance due on two fstimatcs,l i,uoV 20
-" DIVISION ,S,n.'@''''' VI ~ G,735 10
| For tide water connection. tpay
| and expenses ofcnsinrers, and
law expensrs,l i,ioo o.
| For acquisition ofands. (lots pur.
chased on Basin and DOCK, ana
| old aud recent assessmental l2,u2J ~
| For Southside connection, TER
| ries and Gainesville bridgc,I 900 SO
/ For interest, 5,sSa 10
| For expenses Of general meetings, 9,'33 IS
| For expenses Of President and
Directors, 80. %
| For law EXPENSES, I'uIi ..
| For bills receivable. -,coo w
| For loans hy individual D'ec-
tors, tpal oE) 1'e n, w W.
| For Canal scrip, Io.i %
| For Dock scrip. nsos -
| For interest on Dock scrip, Lies co ,-o - :.
I,,v;n, On hand balance OF sl96, sos y
| Canal scrip, outstanding, sa'so 80
Dock scrip, do, i''!" w .e oo- j.
| Total, S"''s' u
The financial condition OF The Company, a
shown by lis books on the lst Of the p'esen
month, may be stated as follows:
balance on hand as above, sle6,e95 :
Balance OF stock arrearsscs, probably avail o,, :,
able, 100 q
nen,. in a,,..r a,20s o
Outstanding tolls the Western improve o, a,a 6
/ 1-.eiI 80. ,,.,. v,,u.d NJ 1864 q
4 HnmiltnuSs debit. UO,cS' =