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

JAMES RIVER & KANAW HA COMPANY.
The annual meeting Of the Stockholders Of
This Company in consequence OF the unavnida-
BILE absence OF Albert G. oendeion Esq, one the
State pruxics was not organized on Monday
evening lasr, the day to which itstood adjourned.
On Wednesday the Board OF Public Works ap-
POINTED jobn S. Galiahcr, E.q Of Winchester 10
act in iitu ol Mr.. Pendeton; and on hat evening
q majority Of the stock being represented, Gen.
Bernard Peyion was called 10 The chair, aud the
meeting proceeded TO business.
President Chf;enden presented his frs, Annu.
al Repor,, which 10 characterized by his well
known devotion 10 The wiki with which he has
long BEEN, for the greater par, OF The lime IN e
different capacity. so advantageous'v connected.
Wehope IL be able soon IN lay the Report before
our readers, who, II they may not Gas we cer-
,ainIy do no,) cnlncid, in all oi lis authors
views. will at least admire The cearness with
which they are presented and the ability with
which they ate advocated
The gross am ,an, OF tolls collected upon the
Canal during The past year has been sos ,605 60,
being an excess over the tolls Of the preceding
year OF S32 4t6 So This favorable result"
however, The President says, "beiDg TO some ex.
tent attributable 10 causes not likely TO recur az
nually, cannol be taken as indicative oil lie rate
OF increase for future years"
All the works between Lynchbar2 and y :h
river have been lei to contractors al cost some
what below The preliminary estimate, hni al a
less saving than has been heretofore stated In The
newspaoers. The Board has also advertised 10
pul under contract next MONTH the ~ miles Of
canal between North river and Buchanan, and
also the Tide.wa,er connection; bet in conse-
auence Of The apprehension of an approaching
financial crisis" which may render the sale Of
the State binds matter of some doubt, the opin.
~T h,,ld is nod Rp asd
whether it should now proceed 10 make thcsc
contracts or "whelher il will not B, mole cxpr-
diem, 10 decline for the present l. ooa'mi' III"
Company 10 q greater amount o' sSaendln.s
Chased upon anticipated sales 0s The 81 ale stock
provided for the purpose) than is involved in the
contracts which have already been made"
This subject is The most important presented
for the ACTION OF Inc stockholders IL The present
meeting indeed The only important qneston, ex-
cep. the recommendation o. The application 10
The Legislature, al us approach;5g session, for
an amount, estimated al S500,00o, necessary TO
complete the contemplated Improvements on The
Kanawha river.
The "pians and prospects of the Company"
are discussed by President Chiltenden at conside-
rable length and with great earneslness. Mr. e.
10 decidedly 10 favor OF continuous water line 10
The Ohio. though he recommends no action upon
this subject al this time.
IL the contracts for that portion of the Canal
between North river and Buchanan and for the
Tide-waler connection shall be lei 10 December
next, as advertised, The Presiden, hopes 'Iha both
may be completed 10 all of 1850"
The finances OF The Company are in sound
condition, ami it will b. prepared 10 pay the ia
nuary and July interest upon It's outstanding debts
from its surplus revenue
The report of The President was referred 10 q
committee of thirteen viz: VIM. NJ. PeYtnn Of
Roanoke, o. N. Craehdeid OF Spo'l.ylvania, J.
8. @ laher OF Frederick, State Proxies; Sidney
8. Baxter, James NJ Wickham, Isaac Daven-
pon, Richard Fl Toler, George N. johnson,
Guslavus A. Myers, Joseph Mayo. JOSEPH R.
Anderson, Lewis Webb Fleming James, OF Rich
mond.
The meeting then adjourned TO NEE, again on
Thursday evening, at o'clock.