Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1847-03-19
THE oSsrIrUrroS-srArE RIGHTS.
RICHMOND DAILY WING.
jaime. River n I.anawha G ompany.


An adjourned meeting OF the s,oekholders Of this
psny was held IN the Hall Of the Hou.e Of Delegates
on wednesday evening-Genr Bernard Pey,on in tho
onAn' Inc committee appointed at previous meeting
inquire and rep0r the necessary be adopt
co. IN view oil b recent action Of the Legislature sub
eo sene' Of resolutions, the substance OF the mos'
important o which is follows;
Inc provisions OF the act passed at the present
mon the Legislature, for the extension Of the Canal
ne town Of Buchanan, approved, and adopted as
part Of the charter and the President and Directors
are directed to the mortgage and bonds requr
ed by that act
9 The President and Directors, in renewing active oPe-
ratons required in the frs, place, to provide for the
Of the section, commenced, and
abandoned for Of funds, between Lynehburg and
North River.
3. The Pre- sident, "being Engineer in whom the
stakeholder, have confidence" is constituted Engineer OF
the Company and in addition to the duties heretofore as
signed him. he is have the suPerntendence OF the En-
gneong department-aud for tins addition his duties,
the Of $4,000 per annum is added to his salary
which is $4,000. All Bye-Laws conflicting with this
arrangement are suspended during its continuance.
a. The President and Directors directed organize
Engineer Corps, keeping in view economy, as far as
may be compatible with the efficient prosecution OF the
work
s. The Presiden, and Directors authorized TO accept
OF the provisions Of which may be passed by the
NS'''NN
iion. &c.
G. The purchase OF negro abores, instead OF hiring
present. for the purpose Of keeping the Canal in repair
is authorized If the Board Of Directors shall deem expe
dent.
= The toll on Hemp reduced from to 2cens per
per mile
The resolutions were adopted with but few dissonenI
votes. On that, however, which proposes blend the Of
fees Of President and Engineer and increase the saa
~ Of the incumbent from S2500 S5OOO there
animated diseussion--Col T. NJ Bonduaht opposing, and
Messrs. w. NJ Peytou, n. E. venabe and o. NJ Crutch-
field, (Stato Proxes) NJ. Wickham q. N. Johnson and
s. s. Baxter sustaining it. The principal argument urged
in Its favor that will economic the expenditures
of the Company. while will render the Eogineer de-
partment more efficient We confess. however that we
able perceive how either of these objects
is 10 be accomplished by this organizatonwhe, IN
some respects, cannot but regard il both obcctona
bic and unfortunate 1t has been understood that the du-
ties of the Presidency OF the Company OF arduous
character requiring the attention OF the ineum
bent Of that office. II that be the fact the salary Of
thai officer has been heretofore high and If it be,
think he scarcely hnd time devote much Of his
time TO his duties Engineer ene him the large
salary OF $4,000 per We suspect that there VI
be Engineer less upon the line than there would
have BEEN had the two Offices instead o. being blended
been separated heretofore and il that should be the
fact, the expenditures of the Engineering department
necessarily be increased by the arrangement. It's c
fconcy, in Judgment will be greater under
plan than the oher-unless suppose that
competent uniahiu Engineer would be appointed By
the Board if the two offices in different hands
Besides, 1t looks badly. Company which Tor six years
has been absolutely the verge OF bankruptcy ought
u.s. upon It's under its improved
auspices, BY giving what 10 be than lde
quate ior he any man however s
fu in his profession laborous his duties seems ike re-
aizng the old saying about putting beggar horse
The people Of Virginia opposcd-and properly 500
ENTkAvAsAST salaries. And hey be made ts De-
eye that the Presdon, Of the James River & Rinawha
Company, however eminent his skill or ariuous his due.
ought receive Sl7OO per more tran the Chei
Magistrate o. the Commonwealth and twice as much as
the members Of its highest Judicial tribunal. That twill
be unpopular, and therefore injurious movement in
regard the future operations Of the Company serious
ly spprehend.
1t always ungacous and 6sagreeabe task 10 com.
plain and condemn and have made these remarks
which might be much farther extended-with uniegned
reluctance. That they proceed from feeling OF iw
the President Of Company-from no disposition to
underate his requirements, derogaie from his IN
quesOnaby high claims public confidence and esteem
hope need scarcely say. For the professional and
personal qualities Of that gentleman have always felt as
we have always eynced the highest sdmirauon-and we
cheeuy say, that the Offices and salaries Of President and
Engineer must be united there no man in the Common.
wealth whom would see their dures confdeu
and upon whom would rather sec those rewards be-
slowed, than Mel Gwynn. But believing as we DO ina,
the duties o the tso Offices 10 some extent incompat-
BILE and that those Of either Of them quite sufficient
10 task the energies OF any individual s-e con-
strained say Think that the course pursued has
been Judieous and that it will not meet with public
appreciation.