Daily Richmond times. [volume] (Richmond, Va.) 1849-1850, 1849-11-29
Thursday Morning, Nov'r goth, 1S49'
JAMES RIVER AND KANAWHA COM
n A

Aware of the curiosity with which the first Oh
fetal communication of President Mason to the
James River and Kanawha Company, will be
looked for by the public, we devote large pro-
portion of our space to its insertion. we nave
read it ourselves with much qualification, hrst be-
cause of the favourable exhibit which 1t makes OF
the operations of the past year, and, secondly be-
cause it makes known the fact that Judge Mason
after coming to the Presidency entirely uncom-
mitted as to the policy of the company, and, indeed
without having formed fixed opinions concerning
it, has decisvely espoused the views of those who
have always been the fastest friends OF this great
improvement He declines to express an opinion,
at present, on the important question, whether the
Eastern and Western waters can be united by
continuous line of navigation across the Allie
ghany, although is not difficult to perceive that
his impressions are all in favour of the PRACTICABLE
lily of the connection but suggests thorough
and final investigation of the subject by board OF
eminent engineers whose decision cannot fail to
command public confidence. On this vital point,
the report of the Chief Engineer furnishes mass
of valuable information, which, it seems to us, Is
entirely satisfactory. But, we cordially approve
the recommendation of the President, believing
that nothing less than the most imposing proofs,
ofwhich such subjects are capable, will remove
the general Incredibly.
The Presidents report discloses an unexpected
and unfortunate error which was committed in the
estimate upon which the appropriation Tor extend
ing the canal to Buchanan was based. This error,
in consequence of which an additional appropria-
ton of $4,000 will be necessary, is more fully
explained by the Chief Engneey, and it appears
that that officer in no manner responsible for the
mistake.
The Stockholders met last evening, pursuant to
their previous adjournment.
The business committee reported a series OF re-
solutions, which were adopted without modlfca
ton. They embody the different recommends
tons of the Presidents report, in regard to asking
the Legislature for an appropriation of $4,000
to make up the decitin the estimate for the extern
sion of the canal to Buchanan for farther ap-
preparation of So 100000 for the extension OF the
canal to Covngton, and the improvement of the
Kanawha river to the mouth of the Gauley; and
for the conversion of the guaranteed bonds into
State bonds The resolutions also have the mat
ter of the tidewater connection under the contro
of the Directory, and direct measures for finally
calling in all outstanding post notes. twas more
over determined that the travelling expenses of the
President be paid
Mr.. Crutchfeld opposed the petition IN regard
to the improvement West of the Allegheny.
The Company then went into the election OF
officers.
No one was put in domination for the Presi-
dencv h>siue Judge Mason, and he was e-eaeeted
receiving 4,534 votes. Ct votes were cast (by
Mr.. Lewis Webb) for Col. Bondurant; and 10 (by
MIR. Weed, of Amherst,) for Joseph c. Cabell
Messrs. Thomas H. Ellis, Thos. NJ. Bondurant,
Samuel McCorkle and VIM. w. Boyd, were re-
elected Directors; and Maj. Jesse Sneadwas elect
ed Director vice Mr.. John S. Gallaher
The Stockholders then adjourned their annual
meeting.