Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1851-12-04
James River and Kanaw In G. M
pIny.

At thtt sessioh ON thursday evening,
the Stockholders took up, first, the election
OF officers.
Mr.. Cruuhfeld, one of the State PROV
les, nominated for President of the Com.
pany, the Hon. John Y. Mason; and he was
unanimously reelected.
The following gentlemen were elected
Directors, VIZ; Mcssrs. Joseph II. Ander-
son and Lewis y. Crenslaw, of Rich
rhond; Thomas NJ. Bonduranf,s of Buck
insham; Samuel McCorkle of Lynchburg.
and VIM. w. Boyd, of Buchanan. One
OF the Directors is required annually to go
out OF the Board, and Col. Thos. H. Ellis
declined to be reelected. Mr.. Crenshaw
was chosen to supply his place.
The report of the general committee on
the subject OF Tolls was then taken up. 1t
made some slight reductions in the tolls
proposed by the majority of the special
committee.
Col. Bondurant offered u substitute, diff
fering from that Of the committee chiefly
in making no Discrimination between ar
iicles OF Virginia aud Of foreign rroLuc-
lion.
Mr.. 7. ST. Geo. Cooke offered, as dis
senting member of the Tolls commits, e,
the following resolution, accompanied by a
minority report against the policy of hasti-
ly altering the tariff:
Resolved that the Reports from the
Committee on Tolls, together with the
whole subject Of reduction of Tolls. be
submitted to the Board of Directors of the
Company, with instructions 10 them, to re
wise the whole subject, and to reform the
Tariff of Tolls in such a manner as shall in
their opinion operate to raise the largest
amount Of Revenue, and to report to an
adjourned meeting ofthe Stockholders, to
be held on the - day Of.
Mr.. Joseph C. Cabell offered q resolu-
ton to the effect that the whole subject of
Tolls be referred to the President and Di-
rectors, and that the Tariff of Tolls pre-
pared by them be reported to the next
general meeting of Stockholders.
Mr.. Cabell made some remarks in sup.
port OF his resolution, and the meeting ad
Janrned over till last evening.-R. Times.
Atthc meeting Of Stockholders, Thurs
day evening, MIR. Crutchfeld, one of the
Slate proxies. announced the dissemination
OF himself and his two co-proxies, to sus
tam resolution for deferring the subiec,
q the Tariff of Tolls to an adjourned NEE
ting. to be held during the session of the
rext Legislature.
Mr.. Cahcll withdrew his proposition n
refer the subject to the President and d.
rectors, and to instruct them TO report IN
the next annual meeting; stating that his
main object would be accomplished by any
course which would prevent precipi,ate
decision on the question of reducing the
tolls.
The resolution prepared by Mr.. P. St.
George Cooke. was then agreed to in the
following form:
Resolved, That the several reports from
the Committee on Tolls. together with the
whole subject of reduction of Tolls, be
referred to the Board Of Directors. with
instructions To the*n TO reform the Tariff of
Tolls. with the view of raising the largest
amount OF Revenue. and Of relieving and
increasing the tonnage on the Canal, as
far as in their opinion such relief and in
crease OF the tonnage. NAV not he incom-
patible with the condition of securing the |
largest amount Of Revenue; md that thew
report to an adjourned meeting, to be held |
Tuesday the 3rd day ofFebruary next |