Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1848-12-01

RICHMOND, VA FRIDAY MORNING, DECEMBER l, ls48.

ard yslue. have been made. Thse have awaken.
ed TO great distance around, al ardent spirit Of
research, which, in all probability, viii result in
other discoveries Of an amount AID value now lit
lie dreamed of BY the mostsangnne. IN word il
is undoubtedly due 10 tins potion OF The State,
and Of the utmost Importance, that safe and
EASY steamboat navigation Should be made upon
the river from its mouth TO Tie Great falls, with
the least practicable delay. For these reasons,
and for those urged in The last annual report,
(page I0,) and which il is unnecessary TO re-
peat, do not hesitate agar 10 recommend that
q timely application be mae 10 the next Lcgis-
lalurc, on The part of this company, for the
funds estimated TO be necessary for the compile
ton of that work, 10 be rased in such manner
expedieat.
The tolls realized from the river
during the pas, year hav, amount
ed 10 9,275 10
Deduct repairs, expenses and sala-
ries chargeable thereto 1881 81
Leaving nett revenue of III O23 AZ
The Outstanding Tolls on The river have been
increased during The wear b. SILL ~. lhis
result learn cannot b. accounted Tor cxcep hy
"din:nished diligence 10 III collector, or BY
an Increased evasion Of Tie tolls" Shuu!d Inc
rresrut administration OF he company be con-
tinucd. active measures will ha adopted Ia effect
considerable liquidation Il these arreatas"s,
instead OF allowing lhem increase.
II. STATE OF TIE FINANCES.
/. Gca,raL H.mihoN's d.M.-ln obedience u
your resolution u The llth Il December last,
Sidney 5. Baker, Esq. vas shortly afterwards
appointed as the agent iolake charge otthe COM
pany's claim against gcmra James Hamilton oil
South Carolina with .ew II us security ana
collection. Mr.. Baxter having accepted The en-
pIoymenl upon terms satisfactory 10 himself and
the board, has been engaged from time &c time IN
examinations and correspondence touching Inc
prospects Of securing anctealizlng lhe deb,-ioF
lie result OF winch b.; raVc t. Ie'er 70 ms -
port upon The subject, hcrwi \ communicates.
.. State Stock-In lie last annual report u
was stated that Of the ust instalmen' OF S240,-
900 Of State stock iss'Gd to the company un-
Ger authority Of the ac'of the lst March loi',
providing for the resumption Of the works above
l.ynchburg, a balance ( SIS, lJ0 remained I'm
sold. That balance haing been disposed OF al
a premium Of one guatcr per cent by the lOii
of February following the board applied Tor
and received the accomplishment OF S250O 900,
OF which, during The rsidue Of the year, Ssh
500 have been sold al ar, and like the hrst IN
s,alment, chiefly TO clizens Of the State, the
purchaser advancing te accrued interest UP 10
the date of the sale he premium and accrued
interest received on lie aggregate sales, nave
amounted to Sl2 $50 20; out of which SI,20o,
being the interest duehe State on the hrst IN
stalment Of S242 00C up 10 he lst OF January
ls4S, have been paido the second aulltor.-
Unsold stock to ihcanount OF 3l63,ooo re-
manned on hand at III close of the hscal year.
s. Repcnns Accout-Thc usual hnanciai
statement OF The secrGry Tor Inc last flsca! year,
lending with the 3l>l )clobc!,) is herewith com
municaed conainin. III accordance WIN your
resolutions OF The llilc December AM 70 u te-
brnary last, separate nd di,tnci atcoln,s Q! me
revenue ot Inc old wtks, and separate accounts
Of the funds expendcdlpon Inc hes WORKS above
and below North rive, respectively. From 'h's
document | comlic,hc following summary
STAT men,s, intended I: succinci exhibit o. i''t
state oi the COMPANY, ctoriins TO what under
stand 10 be your wishci As expressed IN me ieso-
lulons aforesaid, w:
Nett rerenuc lrom tie Rproremsnts ~ opetai."a,