Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1852-11-03
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James River and Kama Company.

son, Chairman of the Select Committee OF mr.
teen, to whom were referred the report OF the
President and accompanying documents, also
the reports from the Committee of Enquiry and
several other matters, brought IN report COM
prsing three different divisions.
FIRST.-The committee considered the re-
port of the Committee Of Enquiry appointed
by tho stockholders on the Goth March last,
and the counter report of Col. Harold Smyth.
one of the members of that committeeman heard
the views and explanations of that committee,
and Of the President and Chief Engineer oil the
Company
The first resolution Of the Committee of En-.
quiry is in these words:
Duty of CHief Engineer er-''Resolred, That
no Engineer in the service of this Company shall
be permitted to attend to the works ofany other
Company
The Committee of Thirteen state that this
resolution arose out Of exaggerated rumors that
the Chief Eng incer was often absent upon the
business Of other works of internal improve
mcnt. The committee found howevcr,tha such
absences only amounted. in the aggregate, To
not more than 60 days in two years, and that
i; has not been the practice, nor is it the inten-
ton, of the Board Of Directors, to permit tho
engagements of Engineers TO interfere with tho
cumstances, tho Committee of Thirteen did
not deem it cxpedient for the stockholders to
pass any resolution upon the subject regard
ing the matter as sufficiently provided for by
the 23d bylaw of the company, as follows i:
"1'he Chief Engineer shall reside in this State.
and give his time and attention to The affairs of
the company witt such temporary exceptions
only as the President and Directors may al
low"
1boiiShiag Office Of assistant Engineer
The second resolution of the Committee of En-
quiry proposes "to abolish the Office OF Princi
pal Assistant Engineer" We learn that there
is only one Engineer of that grade in tho Ser.
vice of the company; that he is faithful and
valuable officer, and kept fully employed, alta
salary not too high for his services. We there
fore recommend that the proposed resolution
be not adopted.
Other Rcsolutions--Th other resolutions Of
the Committee Of Enquiry propose certain re-
ductions in the compensatlons OF the officers OF
the Company. The Committee of Thirteen,
after mature consideration of the subject, state
that they are not informed OF any reduction
which can be adrantage0aSly made at present
in the number and salaries Of officers Last
year the number Of officers and agents was
ia, which number, by the completion of Ger.
tain portions Of the work, has been reduced to
1871, SO that AZ were dispensed with, produce
ing a saveing of $20,332 "a per annum. No
further reductions could be made.
SECOND.--The Committee Of Thirteen
considered, especially, those parts of the re-
port OF the President which relate to the unfin-
ished tlde-water connection and the financial
aid required from the State, and In relation
thereto recommended to the stockholders tho
following resolutions.
First ReSotyed, in view Of the importance
Of the tde-water connection and the unforeseen
difficulties ofexecutng the work, that, in or.
der 10 ensure its completion, an application be
made to the Legislature fora loan of 10000.
to be applied TO that object. and to bo refunded
from the tolls TO be received from the tide-wa-
ter connection.
iSccoad, Resolocd. That an application be
made to the Legislature for loan Of $3.50 900
to be applied to the payment Of the interest
due from the company on the FIRST Of January
next, for which the State is bound, and to 9TH
er heada OF appropriation, for the purpose of
reiundng the amount borrowed from them to
meet the deficiency Of the late State loan, and
to meet, if necessary, any deficiency which
may exist in the funds of the company for pay
ing the interest due in July next, for which the
State is bound. These resolutions, 1t will bo
seen, were adopted.
Miscellaneous. Touching other
metters the Committee of Thirteen reported
the following resolutions
l. Internal improvement Conoentfon.-Re-
solved, That this company approves OF the
proceedings Of the Internal Improvement Con-
vcntion held at the to "n OF Union, in Monroe
county in August last
2. Riranaa Navigation Company
ed, Thatif it be the pleasure of the Legsla-
ture to authorize the tolls OF this company upon
the tonnage passing upon their canal to and
from the Improvement of the Rivanna Naviga-
ION Company, to be pledged as security for
loan TO the latter company to enable that
company TO complete its improvement, then
his company hereby gives its consent thereto
upon such terms as may be prescribed by the
Legislature, and assented to by tho Board of
Directors Of this company
3. Toll upon Hon-Whereas the Virginia