Richmond semi-weekly times. [volume] (Richmond, Va.) 184?-1853, 1851-02-04
JAMES RIVER AND KANAWHA COMPANY.

JAMES RIVER AND KANAWHA COMPANY.
A meeting of the Stockholders of the James River
and kanawha Company was held at the Capitol on the
29th January, 1851
The Rev. John Early presided, and quorum was
found to be present.
The chairman presented the following report Of the
Committee OF fourteen
The Committee have had under consideration the
several subjects referred to them, and recommend the
following resolutions for the adoption OF the Stock
holders
LIST. That an adjourned meeting of this Company
be held the 18th day OF May next to receive and act
upon the report OF the Committee appointed to revise
the tariff OF tolls.
End. That, no further communication having been
received from any person on the subject OF the Buchan-
an memorial, the COMMITTEE be discharged from the
further consideration of the subject.
Bird. ResolDed, That it is inexpedent to apply to
the General Assembly for authority to carry and
regulate the transportation of passengers on the canal
The resolution OF Mr.. Reins, fixing the compensation
of the Chief Engineer, SO as to require his whole time on
the line, and resolution submitted to the Committee
by Mr.. Darlington, OF the proxies Of the City OF
Richmond, the subject, have not been disposed
OF by the Committee for want oil quorum.
The Committee ask to be INDUCED with another day
to consider that and other subjects ofimportance.
All of which is respectfully submitted.
JOHN EARLY. Chairman.
January och, 1851.
The question was taken on the resolutions seriatm.
The Isl resolution being under consideration, Judge
Mason stated lat he enterta ned serious appehensons
that the Company would be unable to meet Its iiablll-
ties if the tolls were reduced before the works were
completed to Buchanan.
Mr. J. Il. Anderson advocated the adoption OF the
resolution, and expressed the opinion that the revision
and reduction OF tolls would not reduce the revenue OF
the Company.
Mr.. Baxter commended that the increase of revenue
consequent upon the reduction of tolls, would neces-
sary be slow, and doubted the policy OF making re-
duction at this time.
Mr.. Macfarand regarded the regulation OF the tolls
peculiarly appropriate to the Board oil Directors, and
moved to lay the resolution on the table.
Mr.. Joseph r. Anderson regarded the question as
of time. The stockholders might receive the re-
port OF the Committee the subject and refer the
question to the Board OF Directors.
Mr.. Crutchield stated that INSTRUMENTATION OF
the Committee on this subject was founded on the
opinion that the President advised the same. He was
satisfied by an examination of the Presidents report,
that the appointment of the committee was recon-
meuded with view to the consideration OF the subject
by the stockholders at the next annual "hI meeting
The resolution was laid on the table.
The second resolution was adopted.
Mr. Pendleon moved TO amend the third resolution
by substituting the word "expedient' In the place OF
"inexpedient."
Mr. Crutchfield remarked that the State proxies,
were in favor of the adoption of this resolution and
desired to confer the power upon the Company SUBJECT
to their discretion as TO its exercise. .
The resolution advocated by Messrs Bondurant,
James, Edmunds, and Jos. M. Carrlngton.
The question on the amendment was decided in the
negatveayes 1915, nays 34l5 and the original reso-
luton adopted
Messrs Bernard Peyton, John II. Anderson, and
Phin ST. Geo. Cock were added to the Committee OF
fourteen in the absence OF Messrs Webb, Morris and
Mr. Crutchfield presented the following resolution
adoned by the House of Delegates the 26th Instant
Resoired. That the State Proxies at the adjourned
meeting of the James River and Aanawna Company
use their influence to obtain the passage OF resolution
of enquiry into the causes OF delay in completing the
Tide water connection with the James River Canal.
On motion of Jduge Mason the'resoluton was refer
red to the Committee OF fourteen.
was
approved u p.un. .bo .o,;.r cottonwood
Alta meeting of the Stockholders Of the James River
and Kanawha Company, held at the Capitol, January
Tha Rev John Early presided, and quorum was
found to be present.
TIDEwATER CoNNEXIoN.
The Chairman presented the report of the Committee
in reference the resolution OF the House otDeegates
of the 18th inst, directing an enquiry into the causes OF
the delay in completing the Tide water connection with
the James River Canal The report satisfactorily ex-
plains the reasons for the apparent delay in NE execu-
ton of the work and exoneraes the officers OF the Com
pany from all responsibility therefor.
On motion of Mr.. Crutchield
ReSoiped, That the report of the Committee be ap-
proved.
to the Legislature copy OF the report made by the
Committee, whom referred the resolution OF the
House of Delegates of the 2Sth of January, 1851. with
the order OF approval OF the same by the Stockhod-
ers
The following is the report OF the Committee:
The Commute have had unoer consideration the re-
solution of the House of Delegates passed the 2Sth day
of January, 1851 directing an enquiry into the causes OF
the delay in completing the tide water connexon with
the James River Cunal
In compliance with that resolution they have made
the enquiries directed, and submit the following report
The Legislature had prohibited the Company from
putting new work under contract, without authority oil
law. On the goth March, ls47, an act passed. au-
thorzing the Company execute the work in question
and for the purpose Of its execution authorized the
Company TO borrow S9oo'oo1, on the eredit o. .ne
pany attempted execute the work under this law bu
found impossible to do so, except at cost Who'll in
admissible. The Company again applied to the Gener
| al Assembly TO aid them, and the application resntee
in the passage Of law the 9Th day OF March lsa9