Richmond daily times. [volume] (Richmond [Va.]) 1850-1853, 1851-02-03

JAMES RIVER AND KANAWEA COMPANY.
A meeting OF the Stockholders of the James River
ana hanaWha Company was held at the Capitol the
29th January. 1851.
The Rev. John Early presided and ouor,m was
found to be present.
The chairman presented the following report of the
Committee OF fourteen -
The Committee have had under cons liberation the
several subjects referred to them, and recommend the
following resolutions for the adoption of the Stock
holders:
Let: 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 the subject OF the Buchan-
an memorial, the Committee be discharged from the
further consideration OF the subject.
| Sid. Resoi0ed That it is inexpedent to apply to
the General Assembly for authority to carry on and
regulate the transportation OF passengers the canal.
The resolution OF Mr. Rens fixing the compensation
OF the Chief Engineer, to require his whole time
the line, and resolution submitted to the Committee
by Mr.. Darlington, OF the proxies OF the City OF
Richmond, on the subject, have been disposed
| OF by the Committee for want Of quorum.
The Committee ask to be INDUCED with another day
to consider that and other subjects oimportance.
All OF which is respectfully submitted
JOHN EARLY, Chairman.
January 29th, 1851.
The question taken on the resolutions seratim
The Isl resolution being under consideration Judge
VI oson stated that he entertained serious appehensious
that the Company would be unable to meet ts abi-
ties if the tolls were reduced before the works were
completed 10 Buchanan.
Mr. J. /. Anderson advocated the adoption Of the
resolution, and expressed the opinion that the revision
and reduction OF tolls would reduce the revenue Of
the Company,
Mr.. Baxter commended that the increase OF revenue
consequent upon the reduction OF tolls, would neees-
sarly be slow, and doubted the policy OF making
ducton at this time.
| Mr.. Mactarand regarded the regulation OF the tolls
peculiarly appropriate to the Board OF Directors, and
| Mr.. Joseph K. Anderson regarded the question as
one time. The stockholders might receive the re-
port OF the Committee on the subject and refer the
question to the Board of Directors
Mr.. Crutchfied stated that INSTRUMENTATION OF
the Committee on thi. subject was founded the
opinion that the President advised the He was
satisfied by examination OF the Presidents report,
| tina; the appointment OF the committee was recon-
nlended with view to the consideration Of the subject
| by the stockholders at the next annual meeting.
| The resolution was laid on the table.
| The second resolution was adopted.
| Mr.. Pendleton moved to amend the third resolution
by substituting the word "expedent" IN the place of
"inexpedient."
Mr.. Crutchfield remarked that the State proxies
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 was advocated by Messrs. Bondurant
| James, Edmunds, and Jos. M. Darlington.
| The question the amendment decided in the
negativeayes l545, nays 34l5 and the original
| luton adopted
Messrs Bernard Peyton, John t. Anderson, anc
| Philip St. Geo. Cock We're added to the Committee o
fourteen in the absence OF Messrs Webb, Morris ant
! Yancey.
adopted by the House OF Delegates the 28lh instant
| Resolved, That the State Proxies at the adjourned
meeting OF the James River and Kanawha Company
use their influence to obtain the passage of resolution
Of enquiry into the causes OF delay in completing thu
| Tide water connection with the James River Canal.
! On motion OF Jduge Mason the resolution was refer
| red to the Committee OF fourteen.
Th.x nj tho ~ mr.
approved.
On motion of Mr.. Pendleton the meeting adjourned
Alta meeting of the Stockholders of the James Rive
and Kanawha Company, held at the Capitol, Januar,
The Rev John Early presided, and quorum was
found 10 he present.
TIDEwATER CoNNExIoN.
The Chairman presented the report OF the Committee
in reference to the resolution OF the House of Deegates
of the 18th inst, directing an enquiry into the causes
the delay in completing the Tide water connection will
the James River Canal The report satisfactorily ex
plains the reasons for the apparent delay in the eIecu
ton of the work. and exonerates the oieers OF the Com
| pany from all responsibility therefor.
| On motion of Mr., Crutchfeld,
Resolued, That the report of the Committee be ap
proved.
to the Legislature a copy OF the report made by tn
Committee to whom was referred the resolution OF TN
House of Delegates OF the 2slh OF January, ioo WIZ
the order OF approval OF the same oy lhe otockhod
ers
The Committee have had under consideration the re
solution of the House OF Delegates, passed the 2Sh day
of January 1851 directing enquiry into the 0
the deIav IN completing the tide water connexon will
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 iron
putting work under contract without authority o
law. On the goth March, lS47 act was passed, au
thor2ng the Company execute the work 10 question
and for the purpose of its execution authorized tn
Company TO borrow $3.50 600, on the credit of tn
surplus revenues the dock. The officers oithe Com
pany attempted to execute the work under this law bu
found impossible to do So except at cost wholly III
n admissible The Company again applied to the Gener
al Assembly 10 aid them, and the application resuie
3 in the passage Of law the 9th day Of March leas