The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1852-10-28

JAMES RIVER AND KANAwHA CoMpANY-At
meeting Of the stockholders Ct this COMPANY held
pursuant to adjournment at the office of the com.
pany, on Tuesday evening last, Gustayus A, MYERS
resumed the chair, the secretary of the COMPANY
acting as clerk. quorum was found to be pres-
ent In the absence OF two of the State proxies,
George Blow, Jr, and J. L. Carr-by appointment:
George N. Johnson snd George w Munford, acted.
The first business in order the reading of the
Presidents annual report We shall notice this able
document more at length hereafter
On motion OF Capt. Dimmock, the report and &C.
companying documents were referred to special
committee CT thirteen. The committee was consti.
tuted OF the following gentlemen:
George N. Johnson; George W. Munford. Tbos
j. Randolph, A. Graham, (State Proxies) w P Ro-
cock, Nat. B. Hill, F B. Dean, Jr, r. A MAYO, A. T.
Harris, Lewis Webb, Charles Dimmock' William
Il. Anthony, John A Lancaster.
Captain Dinlmock then offered the f,llowing r.s
o,u.ion:
ceedings Of the Internal Improvement ConyentTon
held at the town OF Union, in Monroe Couptv of
this State, on the 10Th of August last Referred to
the committee CT thiI teen.
MIR. K. G. Morris presented the report of special
committee, appointed at the last meeting of the
company, to enquire into the general aduoinistra
ton OF the financial affairs of the company-wbieb
report recommends various reductions in expen
ses, particularly OF the salaries of officers "a fol-
lows:
Reduce the salary of the President from $1,000
to s25oo; the salary OF the Chief Engineer from
$500 to $1,000; the salary of the Superintendent of
Repairs lst Div, from $500 to $1,000 and thar NJ
the Superintendent of Repairs I'd Div from 81 O0O
to $oU0; aud other minor reductions were also pro.
posed, G., the mileage of the Directors to be re-
duced from 10 cents per mile to 10 cents &c &c.
Colonel smyth presented protest or minority
report Directing to many of the proposed reduc-
tons and prOnouncing them to be founded on a
picayune principle. Referred to the committee of
| thirteen.
A communication from the President to this spe
cial committee giving information copcerninp ,he
subject OF reduction in expenses was then read
| and with the accompanying documents, referred 10
| the committee of thirteen. This committee expect
to be able to bring in their report this evening.
Rioanna Navigation Company-Mr. Thomas ]
| Randolph then submitted The following commu,;
cation and resolution:
AT the annual meeting of the stockholders of the
Rivsnna Navigation Company, held in Charlottes
vile on the 9Th day of October the folIoxvn,r -
| luti on was passed:
Resolved That the President and Directors of ,hi,
company appoint delegation of their own body
or other, to attend the next ensuing meefpy of TIA
| James River and kanawha Company and ask them
| to concur with the RiYanna Navigation Comnanv
in mortgaging the works and tolls of the kivanns
| company and the tolls on the produce and mer
chandise from and Tor the Riyanna River ascend
ing OF descending the James River canal as a fund
I to complete the improvement of the Rivanna- AMI
separately or in Concurrence with them TO applv m
the Legislature II necessary to sanction sucn act
| Referred to the Committee of Thirteen.
Pro1ies.-Mr. Richard G. Morris then offered the
| following resolution:
Resolced, That the 9Th By Law of this comns,v
be 30 amended, that hereafter the powers of attot
ney appointing proxies, shall be under the hands
and seals of the stockholders and attested bv one
or more witnesses.
Memorial.-Mr. F. B. Deane Jr, presented q
memorial from the Virginia and Tennessee Rail-
road Company and accompanying letters. reaues,
ing reduction of toll on railroad ron-which vera
read and referred to the Committee Of Thirteen.
Ezeused.-W. P. Bocock was then excused from
acting on the committee Of thirteen, and VIM. H.
mcfarland was appointed in his place.
ToH.-Mr. F. B. Deane, Jr, then offered the III,
lowing resolution:
Resolrsd, That the toll on locomotives locomo.
tive machinery, steam engines of every descrpon.
saw mills machinery lathe and planeing ma chines
lor woao or iron, snail be cent. per ton per mile
from and after the lst November, 1852.
Referred to the Committee Of Thirteen.
The meeting was then adjourned over until half
past o'clock this evening.