Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1853-12-21
Memorial Of the James River and x.u.wA. COMPANY.

u" ihh "hNhkAL ASSEMBLY OF VIRGINIA.
pany respectfully represents:
That the stockholders vi the company ut their late nm.
nual meeting. adopted the following resolution:
Resolved, That the president and directors a,e In.
sencted to presents memorial to the General Assem-
bly,, asking for aid may il proper to eLab, thi.
company TO extend its canal to the OF and
that the President aud directors are hereby A.,
execute such securities for loan or loans that may IA.
made for that purpose, the state may require"
In pursuance OF that resolution the and irs
contemplated. Wv ~
IL proper to inform the General Assembly tina, IN.
company at called meeting held in April accepted The
terms and benefit OF the two oI Assembly pasSd nj
the last sessionone making loan OF seventy Thousand
dollars, To be applied the completion of IN.
connecticut and the other loan OF six hundred and forty
thousand dollars OF which sixty thousand dollars "a To
be applied to the Tdewster and tho balance
TO the extension OF the water line OF Buchanan n,
agreeing 10 TIE conditions OF the last mentioned act the
company has become subject the ions of III. Code
oi virginia so far as they relate internal
aud joint stock companies, and also the provisions of
the act OF the 9Th OF April 1885, amending the Code nv
~heh tue vote OF the State In the company has been
creased. $3.50 "
Your nemoralts take pleasure in stating tia, IN. nm
preparations made for the completion Of the Tdew.,sr
connection are considered sufficient aud the work il sat
siacory approaching it, completion In the cour.. of
the present hscal IL will be finished the eopp,nx
revenue will be augmented; the public will enjoy nm. "a
vantage and convenience resulting from an .nI,rga,,
OF the harbor and wharfage of Rehmond III. eomm.,.
OF this city will be brought the doors Of the uarehou
tod
with the lower James River
The appropriation OF five hundred and eighty tbous,u
noaIs made by the act Of March last has enabled the
Board OF Directors 10 locate aud put under cour,c, ~
much oil the Improvement above Buchanan as c,,s,Is
from that town to the mouth Craigs creek d;.,snc
o' neen miles, embracing two tunnels aud three aou.
ducts by resorng to which costly works they have mo,
onIy saved more than five miles az distance hut b,yc IL
mnished the expense of construction The con,,a.,s
were made on favorable terms and there no reason 10
Iouot thai the contractors will complete their work within
the time stipulated. ~
The means OF the company considered lent on
10 complete the water line to she mouth of Crac C,e.l
ne policy OF extending the Canal some pont M r
near Covington, has been several occasions decI
by the General Assembly, aud would see m To he in h.
hshss' degree injurious to The jaime River and Kan,wba
ompanJ, anu to the state its largest stockhoIjer and
creditor not to connect the Canal with Cnyinr,on and
Ohio Railroad. The Board OF Public Works Lsve nd |
Cogton Tue eastern terminus OF that road aud III. Cen
'al htIold company have made Covington the W,s,.,,
terminus OF their road COvingon then so far As AT mrs.
Sent appears to be the point Of junction of those two
important improvements and supposing it 20 10 continue
"a' Town WI become one u: co nmeicial ,po..n,e n |
" Ill eon;n the depos workshops of both road and
VI" be tie residence OF forwarding merchants agents and
oheer oo'meion, too, being the only in that sec
ton conveniently accessible the surrounding cnunry
must become the depot Of its trade. The ne1nI of ,h
vest ought To have she pdTilcga sending their p,nrc
ny inc safe h'ruAd TO Coyiugton, and thence by the
anal theY prefer IL. IheJ should NOT be- comnelI.I
10 resort 10 railroad from Coyngton to lower nnin n,
connection with the Cana-hus causing their produce n,
pass through the hands of three companies and tire.
|
me danger OF loss and detention. So in like manner the
people OF the east ought to have the privilege of enn
me" commodities by the Canal Ccvnrtun and ,keuss
~ tue state road, instead OF being compelled tn
change OF agents and very probably intermediate tran
The advantage to the public of having two lines of
transportation competing for the freight which will no
Drought 10y the State road To CSvingou AN obvious and
"eS"ty consideration ia favor OF granting the PRAYER of
sour petitioners.
Should the State grant loan the James River and
hana"ha Company TO extend its improvement to Coyip
on that loan so lar from being Gnesou. to the state N
ender IT'S other investments in the company more secure
md profitable.
No physical obstacle impeies the progress of the canal
% Covnston the supply OF water is abundant and the
distance IRON Craes creek TO CovngtOn only senty nine
miles II the means not afforded this winter for nut
ns the line under contract far Covns.or w. wears
must eapse before th? beyond Caig creek eau be
commenced and four years least before il can be COM
,ieed H. on the contrary, the are afforded the
company "i at an early day put under contract ali the
leaVy works OF art reseTN ing the lighter OF easier nor
hons until such time they should be contracted for
Sth view tn the simultaneous completion Of the whole |
he sooner the canal Ia completed Cosngton the coon
r will it, beneficial effects upon the trade business
agriculture and prosperity of the State and upon the rey
1ues of the company, be fcl; and owed
four mellorists therefore pray that the General As
embly will authorize a loan To bc made to enabI, H.,
amcsriVer and kanawha company TO extend its canal 10
lac Of COyiugton.
TIE James River and Esnlwha Conpspv
nv THOMAS II. ELLIS Their President
Richmond, De. 9Th, 1859.