Richmond daily times. [volume] (Richmond [Va.]) 1850-1853, 1851-11-27
JAMES RIVER AND KANAWHA COMPANY.
PRESIDENTS REPORT

6. The RiuannG and Southsids connections


6. The RieannG and Southsids connections.
The Rivauna connection is completed The esii-
mated cost OF this work was eighty thousand dollars
The assessed land damages proved much higher than
those estimated the canal and locks were made
larger than originally intended, TO conform to the
improvements determined on by the Rivanna navigation
| company iu their canal. BY the terms of the act oil
assembly requiring the connection to be made by and
at the cost OF the James river ana hanawha company
the improvement is the property OF the Rivanna
pany. The advantage to this company is, that the
trade on the Rivanna now enters your canal at Column
/ bia ADD paws toll on a longer distance than form
| erly. The increase of business on the Rivauna,
/ which may be anticipated from the improved nayiga.
/ ton, will probably, in the process OF time, indemnify
| this company for the expenditure made.
| The connection with the SouLhside at Gainesville
/ by lateral canal and slack water, completed in
| charlottesville and New Canton by bridges, are
notwithstanding the earnest efforts OF the Board Of d.
rcctors aud Officers Of the company, yet unfinished
Such progress has been made in the construction oil
the abutmeut5 and pers and in the preparation oil the
superstru cture, to insure their completion by July
| next. The report of the chief engineer will explain
the causes of delay.
| T. The third diuiSion.
Measures have been taken for the prosecution of the
work between Buchanan and CoVngton. Contracts
have been made Tor three dams and the tunnel above
jackson. And the plan OF the location OF The I'M"
provement TO Covington will be communicated to the
| board of public works before the goth OF January
next to to the company the benefit of the act
| Jan. Goth, 1850.
Having accomplished the extension Of the water line
to Buchanan the company has increased incentives to
| push the improvement on its western course. II =
hoped that friend OF the noble enterprise in which
you are engaged will hesitate in urging the completion
of the imp ortan link TO be furnished by this section 10
the great chain OF connection between the eastern and
western waters of Virginia.
| As the funds appropriated to this object are INSULT
cient to complete the entire division, is the pocy OF
the board OF directors to complete and make available
for navigation aud revenue successive sections OF te
work. Itwoud be far more gratifying to carry on the
whole work, and urge it TO speedy completion' ad
| equate means were available.
| H. THE CONDITION OF THE FINANCES.
The usual financial statements OF the etafy ana
of the collectors of the tolls Richmond and Lynch
burg, herewith communicated, marked /, 2, 8, T.
| 5,67 These statements have been carefully pre-
pared, and present, in simple form, .
l. The receipts and disbursements OF the past flscal
year.
organization to the 30th Of Sept. last.
3. The annual tonnage, tolls, aud ordinary expenses
and repairs fthe canal.
A. A table showing the different articles and their
quantities annually transported on the canal.
s. Classified tables of the quantities and probable
g. value OF the various articles OF produce and mer-
~ chandze transported during the last year:
They exhibit the condition of the company's al
The gross receps from the productive works OF the
company or Improvements In OPP Grafton, that IS TO
say, the dock, the canal to Lynehburg, the Blue
Ridge turnpike and ferry, and the kanawha road
and river, and from miscellaneous sources to,
the Goth September, period OF II months
are.............. 49,, $50 70
The disbursements for the same period Tor
general administration, repairs ordinary
aud extraordinary, on the works above
named ,.,..................... 80 020 81
Nett income. ...............,....l6 1863 $50 50
Disbursements for
Annuity to old James river
company. 81 900 90
Redemption of post notes anddl-
yidend paid ...-.......... S92 I'd
Amount of interest paid on COM
panys bonds, state bonds
loaned and guaranteed. .... 1925 65