Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1853-11-01

that a much larger amount Of subscription can b
through a more populous and productive coun
try and less favored In ptescnt facilities TO makehC
lower line already possessing the accommodation afford
ed by the James River Canal The subscription OF the
intermediate country, however important, under the most
favorable circumstances will not be adequate 70 the
trcon of the road the cost OF which in great part must
at last be contributed by the Company aud ~ the Prom
object in view IL connection with the Virginia and
Tennessee Railroad Lyuchburg the final location
depend upon the result Of the surveys now in progress
Cetcres parbus. considerations Of policy favor the loca
ton upon the upper central route IL gratifying 10
know that ar location and very direct route, can BE-
had upon either line the language Of the
Chici Engineer, The expenditure OF which would be
justified by the local business clone The Importance Of
cNtc dirg the road Is too apparent TO permit its con
>trucon TO be delayed the surveys are per
fccted Ia Is recommended hy the Board, that the Oca
ton Of the DC adopted in time should the local sub
scpton Justify the proceeding 10 put some OF the h"av
Ter work aud more difficult sections under contract bv the
first Of January The 6rt ofIauuary indcI,cd,
the local slave labor be better engaged at that time by
contractors In authorizing the extension To Lynchburg
the Legislature Ici to provide Tor any subscription on
tn part Of the STATE; the capital stock created Og that
Object Il expected heretofore, With co"hcucc
that the prospective profits road when completed
wOui have attracted Investment OF capital from without
the State, sufficient with the local Subscription Of the
c. along the line have built the rod The great de
m,nl or capital which has existed Cor some time past and
the number OF railroads now under throughout
the United States render il improbable that much aSSs
bc drawn from that the enterprise.
The Board recommend that application bc authorized 10
for s,bs,rirto,, ~ H. Snb an ne ma, or tho en-
noaw,ath TO the as, created capital sock OF tho Comp,
n.y. This proportion the state should contribute uPo"
FG, S H. 80; iI 1 ~ ,i ;i -, ~ a.
benefits TO result from the c>cu>ou apart from the obi
CATION to dispense her vors with an equal hand 10 every
part OF the Common eith Should this DONE there &,
reason to believe tat the requisite amount OF private sub
-cspon BE- obtained and the work vigorously prose
Gated without further delay,
statemcn, Of the receipts and disbursements,
\ l,,Ifr r,.,
/ Ill ,.., Ell -, g.. 49,. t; - r u.-
' $3.50 e''N"' '0"''7 '-N '"'"'s
result
Receipts ir,m commencement, 81 .S24. 945 SO
Disbursements from commencement l.7S4>S uO
] Receipts Tor the past f,c,l year G55lSS ~
| Expended during the past fiscal Nssr 6uS 672 6l
J /, .r,;,;,,, g., ,t, -i,., E.. c,,;ll ,i. ..,r, -
I
U'e "V"Vr'' anu aCCou'paI ing papers
exhibiting the condition of the Transportation De-
porir,nt from, which +, ,,rr,r tI,. r ,s r,,p
r'.~'' '''''' ''''' " "FP'''N ''' '''' ~ t .''"
i'En passengers, ana carrying the /. ). mail, for
tn past year, an5urt 70 the sum o Sil2,u22 70
that tie cost &c working the road and keeping it in
repair during that time has been $176tj 2n, leaving
clear rroh' to the e'"p'ny OF s'''3'' 90 an" that
''N "o'''"'s receipts nave nearly ""AoeH IN Twelve
months 'Ac increase being greatly enlarged by the
extension OF The road.
The examining committee report that the GENE
ri condition ct the road IN use Is very good.
An election OF officers far IA. ,r.,,r,, ,s- ,,, -
III -, ~.
'''''' va D'"" - ,'''" IT, was r'-e'''t," ff'>i'
dent, anu Mc'Srs II. Dangortcld and VIM. G. NiSos
I Directors ON th, mat of the stn,L boI',rs
~ r.
''''' "'''' reverence !" the
iEN''p"tS EXTENSION was unanimously adopted
Rs,olrsi That tie route from Lvuchbu-c bv or near
Amherst a., and the Claiborne line hy or near Nelson
=. II through Aibculre and Orange to connect with
the prtscut road Company II ordousvIe or som.
POiut between aud Cupsprr G. H. he aioptri as the
/ . Afsr. al