Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1847-02-15
JAMES RIVER & KANAWIlA COMPANY.


We were unable to attend the meeting Of the Stock
holders OF this company. Friday evening last aud de
rive the following Information from the Wings account
ot ther proceedings
The committee of thirteen, through It's Chairman, Mr.
VIM. Nj Pcylon. reported several mp rtan resolutions
The FIRST ot these recommended the appointment OF n
committee 10 rresout Ia the Legislature memorial rcsla-
ting ihr Importance ofpranng the and already applied
for. and lis Indispensable necessity preserve the i'm
portani works ot the company which otherwise 90
10 nun. This resolution adopted and M.sss
VIM H. Maciarland, VIM. NJ. peyton James Lyons.
George Johnsonan James NJ Wickham were appoint
ed The co nm,lee
The Stockholders determined. on the recommended
ton OF the committee, no To petition for renewal If the
charter IN tho event Of all aid being refused not deem
ing that contingency likely happen and If il should
considering that II may be- guarded against by the voun
ary action Of the legislature. upon the application of
the President and Directors.
The subject IT the tolls occupied most ofhc attention
of the Stockholders. The commute advised the adopt on
Of the tariff Of toll. osabl shed IN 1874 apreeaby TO the
recommendation ot President Gwynn. with theexccpon
nj Bar lron and tustngs upon the first If which 10
commended reduction from = - cents and upon the
latter like reduction from To cents per ton per mile
The rates established hs the tariff of lSil although n
high these of 1913 and lower than The rat 3 d.
rocted by the meeting III November last, the committee
mtre would he more satisfactory 10 the people upon the
Iine while II would augment the revenue Il the Conpa
ny
o tobacco IN the market, moved 10 reduce the toll upon
that staple from 81 cents established by the tar re-
commended by The committee, 10 ) cents per ton per
mile.
This proposition was opposed by Mr. o NJ Crulch
field, one Of ihc State proxies and by President Gwynn
who represented that the half cent reduction would be-
,nly 81 SON Ten hogshads the whole canal from
Iynchhurg To Richmond and would be y small matter
10 the planter whilst II would make reduction
n III aggregate receipts Of the company MI M,shy's
.pala, la, AIr
State proxy who Thought tobacco ut present prices
would bear transportation better than wheat and 4 ur-
the lnptinn finally rejected, and the toll on tobacco
viii iher fore be 81 rcn's.
Nj Nrnahe then proposed (says The Whig) to in
the PR posed toll up pig from | cent To !
per per mile On this Proposition long aud inter
csilng discussion ensued, which We have time Ia
sketch The motion was sustained by III mover an by
Messrs. Cuchfeld and Peytn. and opposed by NJ ssrs.
s S Baxter, { Dimmock, James NJ Wickham and
Iseph Il Anderson. II was finally ncgatved aud the
report of the commute concurrcd in.
Mr. Peyton took occasion To remark on behalf Of him
self and the other proxies Of The State that they had ad
vocated increased toll upon pig iron. because their
opinion. public opinion required II, condition prece-
dent any appropriation by the Legislature. by the
prosecution IF the work Of the Company wcstwardlv II
all aid however, should be- withheld from TIN Company
then the proxies ofthe State will be favor Of general
reduction Of the arlll oi tolls.
The report Of thr committee OF thirteen having been
FIVE which had been changed 10 enquire into the expe
diency of applying the Legislature guarantee the
bonds of the Company to such amount as NAV he
sary enable 1t 10 construct Railroad from Iynchburp
by way" Buchanan and Covingon, OF 10 suspend lis lien
the works Of the Company, To enable it by loan
10 rase upon It's own credit as much money may b.,
necessary To construct such Rallnad" reported the fol
lowing the conclusion To which, after having consld
cred the subject. the committee had arrived:
That II Is expcicn 10 concentrate the efforts of II =
company and the friends of the improvement upon the
extension Of the canal 10 Buchanan least and that
the effort Of agatlng schemes might be rctard lhr
progress Of the work. IN view, therefore, of doing snnr
ting speedily and effectively 10 extend the improve
nont already delayed To the great injury of the company
and the Commonwealth, and in disregard Of the lusi
claims Of the Valley and al the country farther west
is IN the opnioa of the committee. all important unite
the extension OF the canal upon the plan already pre-
scented To the Legislature. Therefore,
.'Rcmred. mon,movsiy That it is inexpedentat this
time 10 present 10 the legislature any plan departing from,
the adopted al the late general meeting"
This Report concnrred in by the meeting
which thercupon adjourned until the third Monday in
March next.
Our read will remember that we took occasion, when
IN, Stockholders at their meeting in November last de