Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1853-10-28
STATE AFFAIRS.

From III. n. Dispatch.
Meeting of the Stockholders of the James Riv-
er and Kanawha Company.

cath
| On ascertaining that quorum was present,
! Gustayus A. Myers, Esq. chosen Chairman;
and President Mason then read his annual re-
port, which Is an able and interesting document,
| and sets forth in n clear and forcible manner the
| condition and resources of the Company.
Ship Lock,-A rock foundation for this great
structure has been obtained and II is progressing
rapidly rs the limited space for work will per
I mt The dimensions are lSti feet in length and
b in wdth--amply sufficient for the largest sig
+ ed sail vessels fully rugged, which can come TO
Richmond IN the most improved condition ot the
! river The structure will confirm 100 cubic
yards of masonry, for which tho stone is all pre-
pared; and about 4,l25 yards laid. If the
weather proves favorable, the masons will lay IL
bout 1000 yard- per month; and arrangements
have been made to have the most improved lock
gatos rcndy when the masonry Is finished. the
President j. OF the opinion TINT the tidewnter
connection will be completed at an early day in
the ensuing season.
Reeeiyts.-Ihe gross receipts from tolls, wa
ter rents and scale house fees on the first aud
second divisions, for the hscnl year ending the
Both September lastwere S293, 5l2,92; being an
increase over the preceding yehr Of sl6.06395.
The amount of Tonnage conveyed on the canal
during the last fiscal year i 23l 1872 10 tons;
being an increase over the preceding yenr of
2o.ER l-lD tons.
The estimated value of freight transported dur
ing the past year is estimated at sl7,43500O.-
Tins certainly is gratifying exhibit.
The gross receipts from the productive works
of the Company, and from miscellaneous sources
for the year ending September Both, 1853, were
S}25,3l / - Aud the disbursements for repairs
ordinary aud extraordinary for the sumo period
were ~l66,9Jl
The increase Of tolls received ut I.ynehbarg
during the year has been sl7, s23i9, over those
Of the preceding year,
President Mason treats at length the various
Interests OF the Company and urges with eonsd
cradle force the importance of continuing the
water line across the Allegheny mountains, bat
owing 10 the lntcne-s of the hour, we are com
poled TO cut short notice Of his report for the
present. He thus concludes
II have to request that YOU will not regard me
as one OF those who may be voted for in yonr
election Of President Of the Company for the
neat ycar. ! am plnced in circumstances which
will mol permit me to accept renewal Of your
trust"
He further suited that he would hold his pres
ent position until his successor WIS appointed,
that thu interests OF tho Company might not sui
fer by the vacancy.
When the report was concluded, Mr. George
\. Johnson moved thai committee of thirteen
be appointed, 10 whom the report mud uccompHn-
wing documents should he referred, aud the mo-
tiou prcfailng,the Chairman appointed the fol
lowing gentlemen to compose the sud commit
lee;
Messrs. George y. johnson, George w Mum
ford Dabncy /. Gooeh, Thomas w, McCnnep,
St. Geo. Tucker, Joseph K. Anderson, T. u.
Jennings, A. T. Harris, \. +. -. Clifford, Lewis
Webb, Charles Dimmock, George Blow, jr., and
" am II. Anthony,
The meeting then adjourned until this evening
al hall past O'Clock ut which time il is probu-
BILE the election Of officer, will be held.
I'm nd iourned meeting of the stockholders of
this Company was held at their office last night,
q. \. Myers, osq., resuming the chair.
MIR. George \. Johnson, from the Committee
Of Thirteen t. whom referred the annuul re-
port aud accompanying documents the Presi-
dent Of the Company, presented long and able
report, with the following resolutions, which
were adopted.
Rtsoirfd That it is not necessary 10 ask Of
the next Legislature my aid in respect To the
payment 81 the ComPanS'- semi annual interest
and annuity debit
Resoirtd That the President and Directors
are instructed to present memorial 10 the next
General Assembly, asking for such aid rs may
seem To II proper To enable this Company to eN-
tend its Canal to the town of Covington; aud TINT
the President and Directors are hereby author
lied 10 execute such securities for amy loan or
lonns that may he made for that purpose as the
state may require.
Res0irfd That the scale OF votes Is now that
which Is prescribed by the act of the 9th OF April,
loJ3
Resoired That in the opinion Of the stockhold-
ers, the appointment of assessors and other pro-
eoodmgs for eondenming lands rcscrihedh by the
Code at Virginia, obligatory upon this com
pnuy, aud ought hereafter 10 be observed in
condemnations for the use of tha company.
ReSotred, That the thanks of this company
are emlnently due, aud we hereby cordially ten
der them to joins y. Mason, for the faithful dis
charge oi his duties our President; that we sin
ecrely regret his retirement from our service,
and wish him, in the high position which awaits
him. an honorable and successful career.
Mr.. Johnson moved the appointment of COM
mlttee OF five To- examine the books and accounts
of the Company.
The motion prevailed, aud the following gen
temen were appointed; Lewis Webb f James
sam. Marx, l.. ID. Crenshaw aud 'Ihos. W. Nc
Canoe.
Mr. johnson then offered the following rcsolu-
ton, prefacing il with appropriate remarks, which
was also adopted:
Resoired That the thanks of this Company
are due and are hereby rendered to Col Walter
GwYnn late Chief Engineer of the Company
for the eminent ability, great zeal and fidelity
with which he fulfilled the duties of his highly
honorable aud responsible office. We take leave
OF him with regret, and our best wishes follow
him to the home of his adoption.
MIR. johnson stated that il was necessary to
elect the President aud two Directors of the Com
pany, and moved to proceed with the performance
of that duty.
The Chairman arose and was putting the mo-
ton, when,
Mr. George Blow, .jr., one of the State Prox-
les, arose and moved that the election be post
poned until ednesday evening at O'Clock
After some little discussion as to the proprietv
ofpostponing the election for day in order TO