Richmond daily times. [volume] (Richmond [Va.]) 1850-1853, 1851-12-05

Upon this New River route, the grades are IS feet
one way and 60 the other; while upon the Stanton
route they are los each way, five continuous miles
Of this being the Eastern slope and Il on the
Western slope OF the mountain.
Now suppose the Western trade, or any consIdera-
BILE part OF it, be destined either Petersburg or Nor
folk, then this New River and Lynchbura will
be 30 miles the shortest; that this last named route
is the shortest for all three of the cities the lower
James Rver and trade sufficient TO increase them
all three, beyond the most sauguine taons oil
their friends, would be carried OF the reach of
Baltimore; which might not be the case it this trade
should pass down the Central road the North side
of James River
The Engineer shows conclusivey by detailed facts
that the State must make 92a miles more of rail-
road, and spend ST. S55, 900 more money to accom-
plish the object by the Central road than BY Lyach-
burg and New River.
The Engineer recommends in this connection that
the road from Norfolk to Peters burg should be made;
the extension OF the New River road down the val
ley of the Kanawha to a point below the mouth of
Coal River-then one branch should extend to the
mouth Of the t,anawha continuing across the Ohio
river to Chicothe, where itwould nersect the great
Cincinnati and Belpre road.
Another branch should go TO Guyandotte, and be
extended to meet the line of roads RAINING from
Louisville through Frankfort in that direction.
The Engineer next goes into the subject of the ia
riff of feghts to be established upon the Virginia &
Tennessee Railroad, which we will not include in
this hurried sketch.
The Engineer suggests that the railroad law does
not permit railroad companies to acquire sufficient
land for depots, &c, three acres in any place be-
ing the maximum
We have thus given very imperfect sketch oil
these two important reports, which were referred 10
committee OF eleven, and that committee recon-
mended the adoption of the following resolutions
which were unanimously passed by the Stockholders
The committee to whom We're referred the Reports
OF the President and Chief Engineer, with the accom-
panylng documents, have had the same under con.
sideratlon and now beg leave to report as follows:
l. Resolved, That the Board of Directors be IN
struced to make application to the next Legislature
tor such increase OF the capital stock of the company,
as may be sufficient to enable them to complete and
equip the road to the Tennessee line.
2, Resolved, That the Board of Directors be also
instructed to ask for such modification of the exist
ing charter 10 enable the company to construct a
railroad down the valley of New River and Kanawha,
with branches TO Guyandotte the mouth of Big
Sandy and Point Pleasant keeping the stock expen-
and dividends of such branch separate and dis
nct from those of the main road, in conformity with
the report OF the President and Chief Engineer.
3. Resolved, That we approve the letting advertis
ed to take place At WVthevlle on the 9Th December
and in view of the hitherto successful progress of the
work, under the policy indicated by the 9th resolulor
of the Stockholders at their second annual meeting
and rearmed by the 9TH resolution of the last annua
meeting, we do cordially recommend the continuance
of that policy and urge on the President and Dlrec
tors, conforming thereto, to apply the resources o.
the company in their discretion, SO as to extend the
road rapidly practicable to its terminus the
Tennessee line, and thus, II adequate means be OBJ
tanned, to compete the road. ing to the views
of the Chief Engineer, BY the LIST day of June, 1854
4. Resolved. That we approve the efforts of the Dt
rectory heretofore made TO procure reduction of tolls
charged by the James River and Kanawha Company
upon railroad iron used by this company. aud recon-
mend TO the Board the renewal Of these efforts, when
they shall deem it expedent.
5. Resolved. That in the opinion of the Stockton
ders, the provisions OF the general Railroad Law be
found in the new code, confer on the President and
Directors the power 10 make temporary loans oil mon
ey the understood to be contemplated by the
report of the President and therefore acton either
of the Stockholders of the Legislature is now
cessary upon this point.
6. Resolved, That the reports OF the President and
Chief Engineer and Of the Examining Committee ind-
the affairs OF the company to be in prosperous
and sound condition, and that the President ana Di-
rectos the Principal Engineer and Corps OF Engineers,
and other officers of The Company are entitled to the
thanks OF The Stockholders for the fidelity with which
they have discharged the respective trusts conded TO
them.
After other matters of form, Mr.. VIM. NJ.
Burwell delivered address upon the subject of this
line as link in the great national aud International
route for mail, specie and passenger travel illustrated
by maps, which gave great satisfaction and elected the
warmest commentator from all present. and closed
by offering resolution that committee OF our citizens
be appointed TO attend the Convention in New Orleans
in January nexi, which adopted, and then the
meeting adjourned.