Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1851-02-07
JAMES RIVER AND KANAwHA COMPANY.


JAMES RIVER AND KANAWHA COMPANY.
mee,ing ofths Stockholders of the James River and Ka
nawha Company was held at the Capitol on the 18TH Janu
| ary ls3l go
The Chairman presented the following report Of the Com
mittee Of fourteen:
IN Committee have had under consideration the
subjects referred then and recommend the following re
solutions Tor The adoption of the Stockholders:
lst That adjourned meeting OF this Company be he'll
On the 18th of May receive and ac the re
nor, of The Committee appointed 10 revise the tariff OF tolls
81 That no further communication having been recev
I'd from any person the subject OF the Buchanan memo
rial the committee be discharged from the further considea
ton OF the subject =
raj Assembly for authority TO carry on and regulate IN
transportation OF passengers on the cana.
The resolution of Mr. Reins fixing the compensation
tho Chief Engineer so require his whole time on tn
line and resolution submitted the committee BY Mr. Car
riuqton, 81 the proxies OF the city OF richmond on III
same subject, have been disposed Of by the COMMITTEE
for want Of nquorum.
The committee ask 10 be INDUCED with another day II
consider thai and other subjects OF importance
JOHN EARLY, Chairman
JAxuARy 29,h 1851
The question was taken the resolutions serailm
The Isl resolution being under consideration Judge Ma
son stated that he entertained serious apprehensions th
the Company would be unable 10 meet its liabilities If In
tolls reduced before the works were completed to Buc
hanan.
DR. T. Anderson advocated the adoption Of the resolu
on and expressed the opinion that the revision and redrc
Mr. Baxter concnded that the increase OF revenue con
scquen upon the reduction of tolls would necessarily be
Slow and doubted The policy Of making reduction al
this time.
Mr. Macfarland regarded the regulation the tolls as Pc
cuary appropriate Board Of Directors and moved
lay the resolution on the table.
NJ. Joseph r. Anderson regarded the question as one Of
time The Stockholders might receive the report Of the Com
mitlee The subject and refer the question the Board
OF Directors
Mr. Cruclfei stated that the recommendation OF the
Committee this subject founded the opinon that
the President advised the He satisfied by
animation Of the Presidents report that the appointment
OF the committee was recommended with view tho
seration of the subject BY the stockholders the
nual meeting.
The resolution was laid on the table.
The second resolution adopted.
Mr. pendIeton moved 10 amend The third resolution by
substituting the word expedient" in the place OF "inexpc
dent"
Mr. Crutche remarked tina, the State proxies were in IA
OF The adoption OF this resolution and desired TO confer
the power upon the Company, subject TO their discretion
| 10 lis exercise
The resolution advocated by Messs Bondurant Jamcs
| Edmunds and JOS. VI. Darlington.
The question the amendment decided in the mega
tvcaycs isis 3il5 and the original resolution adopt
| cd.
Messrs. Bernard Peyon John T. Anderson and Philip ST.
Geo. Cooke added 10 the Committee OF fourteen In the
absence oil Me.srs Webb. Morris and Yancey.
Mr. Cu,cbiei presented the resolution adopted by the
House oi DELEGATES the 18th January
Resolved That the State Proxies the adjourned meeting
James River and kanawha Company, their n!u
encc obtain The passage OF resolution of inquiry into
the Of delay completing the Underwater
with the James River Canal.
On motion Of Judge Mason the resolution referred
the Committee Of fourteen.
The remainder OF report Of the Committee appro
we'd.
On motion Of Mr. Pendeton, tho meeting adjourned.
At meeting Stockholders of the James River and
KunGwia Company held at the Capitol January 3uth 1851
The Rev john Early presided, and quorum was found
10 be present.
ripE-wATER coSSExroS.
The Chairman presented the report OF tho Committee In
revolution OF the House OF Deepatea
the 2sh JAM dectin,i enquiry into the of the
delay in completing the Underwater connexion with the
James Rive. Canal The epor; satisfactorily explains the
the apparent delay in the execution OF the work.
and the officers of the Company from u repon
slbilitr Therefor.
On motion Of Mr. Crutchfeld,
Resolved That report OF the Committee be approved.
Resolved That the President be requested TO report to the
Legislature copy Of the report made by the Committee, TO
referred the resolution Of the House Of Delegates
OF q January 1851, with the order Of approval of
the sanc by the Stockholders.
The following IL The report of tho Committee.
The Committee have had under consideration the resou
ton ol lie House OF Delegates passed the 18th day Of Jan
uay ISL, directing enquiry into the Of The delay
in completing the Underwater connexion with the James Ri
I ytr Caili
In compliance with that resolution they have made the
quiry directed, ard submit the following repor
The Legislature had prohibited the Company from outing
WORK under contract, without authority of law. On
the Goth OF March, 1917, passed. authorizing the
Company execute the work in question: and Tor The pnr
OF s execution Authorized the Company 10 borrow
S5U00l the credit OF the surplus revenues Of The dock
Tile officers the Company attempted execute the work
under This law but found il impossible do So except
cost wholly nadaissble The Company again applied 10
the cncra Assembly aid them and the application result
ed passage o the law the 9th day of March lS49
thozing the 10 guarantee on behalf Of the Com.
monwea!th the bonds of the Company the amount OF
s35000. Tic death OF the then President of tho Company
suspended all operations under The law until the called meet
in. oi the Company in Nav. 1919
III the meeting in ilay, lsi9 the act Of March 9;h 1912
adopted by the company and the vacancy In the Office
| of President filled.
The our, Immediately proceeded examine the subject
of the tide connection. found that The arrange
mcnis which The President of the Company supposed
were conccd for acquiring the property the
canal could be carried into execution The 4h para
graph of the of the 9Th of March, lSi9 required tho
Company, if il constructed dam in across the river
10 construct obstrct diminish the How OF
water 10 Southern shore the demen OF the town OF
Manchester and the dam extended across the river
Southern abinen be made and kept In order that NJ
should dcment result 10 the interest oi Man
from the dana This provision raised nj oncea cues
ton privileges between The owners OF property on
the Northern Southern shores and the Of islands
/ in the stream TIE Company situated among these
several pocs that il was believed canal could not be
constructed the first adopted without being involved
in iutc:mnablc litigation The Company after patient
and careful investigation Of the whole subject was coGPell
ed 10 abandon the first chosen route and adopt
The rev adopted on the lIh July, l5i9. The
surveys completed the specifications prepared and The
work placed under the 23d OF August lS49.
The contracts required the work be completed by the
Is, day of January e5 anu the execution within that time
has srenuouy pressed by tho officers OF the company
The work Tor the Gc-"ater connection consists OF very
heavy excavation the construction vi five locks and neces
saI? ,asns aud a ship lock- large Of the
tio has seen done OF The locks in part built, and
large par materials Tor The other four locks has been
prepared.
force equal to three hundred hands is engaged The
work and directors have taken Steps 10 increase The
amount as possible 10 ensure the completion within
the present year But when The heavy character Of the work.
the limited space which done, and the other in
tnsic difficulties It's execution are considered the com
mec without apprehension that il will not be in
the power OF The Company finish the work within the PIE
sent year They however confident that il must be
peIec early in the year 1852
Great part the materials for building the lower lock of
the have been preparet and tho committee hope that
The may be completed the connection with
the basin.
The OF si9 requires tho work be completed before
the day January 1853; and tie committee feel assured
| il will DC completed before that day.
All which Is respectfully submitted
JOHN EARLY, Chairman.
TIE ExeISEEas PRESIDENTS
! The following report was read:
The have considered the resolution referred 10
them dectinG inquiry into the poprciy Of increasing
the say of the Chief Engineer nnd requiring him 10 de-
~ ian NJ