Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1853-01-04
I,.iCIsI.ATURE or VIRGINIA..
FRIDAY, DEcGMnER 81, 1852.
sen ATE.

|
On motion of Mr. CowAs-Resolved, Tia, select COM
mile be appointed take into consideration the popety
OF changing the law in regard to the securities OF consIa
les so na the securities shall not be responsible for tho
official conduct of said constable, after the expiration OF
their Office for than three TO I'VE years, anu sato co
ni,tec 10 report bill! or otherwise
On motion Mr.. WiTcHER ii was Resolved lhat @hcn
the Senate adjourn tins day. IL auIoufh W ec' o oio"s
next, he 81 ol January.
And on motion OF Mr. CREIGH the Senate then adjourned
HOUSE or DELEGATES.
Prayer by Rev. PETER De FORREST oil Inc ehoa'st
Church. :, =
SON. Eso President of James River and kanawha Com
panv which was read by the Clerk, ns follows:
| 0rr,cr mr. ruE JAMES RIVER ASp kAsAwHA CoMPASv
| December Both, 1852. s
70 oscAn NJ CRurcurELp, ESQ,
SIN Ia cu,nnlnncc with the request contained in the
solution Of the House OF Delegates, adopted on inc -sh
inst have The honor make The following communca-
nn responding IL the several enquiries IN 'e oue III
which they prnponnded. .
lst ,ransmi, herewith statement prepared by the Sec
rotary of The Company, showing the precise amount OF m
cres due on the Companys debt specified, and PAYABLE
on the frs day Of January and the hrs day OF July next
The several items constituting the Indebtedness OF the Com,
pany will be found enumerated in peiiiion ~hicn mao
The honor 10 submit 10 The General Assembly under date OF
the 10Th day OF January 1882 10 which must be added
debt lie OF Virginia for loan OF sl1oVoo made
under the act Of June 5lh 1882
rho statement distinguishes the of interest paya
bic INTO tie Treasury debts due 10 The State on those
debts The interest Of which the State is bound 10 pay 10
The Company guaranteed by The State and payable by the
terms Bonds. the Companys oihcc 10 the Bond
holders :,
"a The Company will have hand the lst day jan
uay next no money applicable 10 the payment OF the An
nuy to The old james River and kanawnn Company, or
10 The interest the Comp debts when VIII iaI que
on that day This condition of the ConpanyS ahils was
ancpaeG and communicated in the lilh annual report 10
The and was luy stated in the petition 10 the
Legislature already referred TO- In regard 10 Inc interest
which viii fall the Isl dav OF July next, an hn'
able IL do more repeat what have already stated IN my
official Communications which are before Inc Legislature
and express opinions estimates OF probable future Income
The by the act OF June aa' was not snich' 10
pay the Of interest and the deficiency was MADE up
by the application Of money intended lot inc
The rd, Vale! Connection The WORK on tat part u inc
CnnEanys improvement has not been suspended anu 'he
monthly estimates have been paid from the general income
Of the company In view OF the great Importance oi me
work and fact, that in an unfinished satcll WI" ue us
less The public and nnpr"duciisc 10 me company, M
finished il would greatly facilitate tfade, and prnduce, IL IS
believed an annual income less than soOOOO IN adl'
lion 10 other O the company, Ills pubaoc " e
Board Directors will continue 10 apply Inc general
oil The company the prosecution oi their Important woIh'
unless shall he the pleasure OF the Gencfai sscoy
drc, otherwise The ability OF The company 10 NEE, 'ne
snianrua interest and annuity due on the Isl Gay " %
III rplpd on The dspo. made OF this question: II II Dc
the plea.ur the Legislature 10 make me provision i m
10 the amount $780, 600 asked io ana 10
afford r aid ur The completion oil the Tide wafer CONNECTICUT
Tor which petition Ia now before that honotao'c oooy, an
sill of opinion that The company VIII be ane 10 coee
thai WORK the year 1883 and 70 meet the interest anu an
nuiry u on the first Of January, and al me ISL nay :"
July next Ny for this opinion have already oe.
fatty stated in official papers no" before me eISI'u'
al such estimates BIZ c0rccura reliance on me-! aCg
lacy depen4s The data which they are pfeac'eu e
estimates subm in my report 10 The Stockholders "l W.
y,uber 2 ISL less favorable to the company thah
he ac aI results Of receipts and disbursements were "hnn
i; be- On the same made my estimates when Were
suhmcd in my report n the 2oIh OF Ucooet ~ T nv
still hell, yc thnt The results will be EQUALLY iuVoaoc me
ruaI rccips OF the months OF October and November oil
,Is on the canal from Richmond 10 buchanan are SHOWN
and enough is known %! those OF the current on'h III Dc
c.nt.r show that the first quarter oil Tue current yca
will exceeding those OF the corresponding months OF e last
preceding fiscal year BY moro than sl1,OoO'
In nv estimate OF the probable receipts OF uie cuHc'i
v,or calculated on gross from the Company
works &c. of s3I5 coo, or an increase OF s39u!o -
/, The ratio 81 an increase established BY the first
unarcr shalt tanned through the year, II VIII oc per
c.Ned that the results will be satisfactory this year as
they the last. -, a., -.
The r. sources OF the Company applicable to the pay
nt Of The next July instruments of interest and annuity
depend tic current receipts Of the COMPANY, nom Us
tolls and rcn's Us productive works lhcfe are uut
The Company, debts which WILL believe, be ultimately
p i'd and form part of lis general income, out hc pcroa
OF pay ,acn do feel justified in anticipating win any
of confidence They sons Of inc oaahce o.
Judgment aga. the estate of VIM Chiticnden deceased,
and debt due Company from Gen james Hdi'i'on;
The aggregate OF principal and interest," VIII no. 'm
short of SlCO GOO There is due an arararc oil toiS
the kanawha river, n which more man s-VUVo nay DC
expected the of THIS and the two neX sea years
There some lns and parcels Of land at different poins
alrp the line of In. Canal The Tide connection
which have purchased generally under TIE ADVICE 0,
The Board Of Assessors and to avoid expensive hn Sa'c
con.mnatons This property is not held Tor The general
nurnosr Of the Company paid for out OF III: APP
NOMINATIONS for specific Works IN lieu OF assessed dam
ace and will be sold when the works are so iI COMPLETED
~ Il, make il Iudicuus SELL and the proceeds VIII "C ar-
;rd .cts Tor which the money used IN payment
.,s ,nu,nr,i,d Tie value these lands, cannot
vh confidence but suppose that the sales when made VIII
exceed SIS 900 The resources OF the Company to be re-
H. en- are from its tolls, which now exceed s5OOU0u per
ounuu; and ecl confident that those resources have not
1T en- underestimate either Tor The present or the iure-
This opinion is taSed The fact that the revenue "i me
Company from tins source anl'nlco IN 'c year iS o.
when tie Canal completed III Lyrclburg To S99 IS,
and in 1852 completed 10 Buchanan, and The second
DIVISION in Tor only portion ct me year. to
s6g 20 81 cents showing increase OF Si6969 80 cents
The tncumcns already before the House. which show
that this increase been steadily progressive SIC NJ
,nson 10 doubt that The complcriun and stability OF its
works VIII lead diminished expenses, and The extension
NJ it's line with feeders daily swelling the bulk oil its
Gc;eh,s will ar4rly increase The Comrany's revenue
have HE honor 10 he, most respectfully ynnr 0ecd'e"'
President Of the James River and Kanawha Company
OFFICE CT the JAMES RIVER 4 IA. Coz
| December 3Olh, 1852
Sis-;hc aanr, gate of interest including the
nuy dch payable tho first day OF January and
Juy Mex; is as follows
| Due and payable 10 The mnon,rcaiM.
Annuity Of the old James River " kanawha
Coni.tny slO5OO 90
| Interest on Bond Of March 25th 1912, 500 10
| February Gath, 1885, S069 50
Stat. Stock under o March Isl. lS41 81 $50 %
| Iucrcs: Stale Stock under act Of Jan, 25h,
1882. $500 90
1852. COO 90
s7O.O39 Sc
Du and payable on Bonds guaranteed by State.
Interest ia Bonds issued under uct of March 23i,
/ 1889 $4,000 90
Inr,rcs, EonG= Issued under aci Of
Mare, = i 1919 1850 90
Interest t:nria is ucd un!t act Gf
Marcia l2h, 1919, i5OG 90
Interest Bonds issGcd under act Of
March 18Th, 1880 10 500 90
S67 500 90
Total, s37,s39 Sc
Yours, very respectfully,
WM. p MUNFORD, Secretary.
i ToJ. Mason, Esq,
President James Rrer ard Kaua-ha Company
On motion Of Mr. LEWIS The above ordered be laid
upon The table and printed.
On motion OF hlr HARsToS, ordered that the Committee
School. and Colleges discharged from The cnnsicra-
ton Of the several petitions OF citizens Of The county Of
Henry relative the district free schools ia said county;
and that the be referred the committee Of MCssrs
IAIRs-, y, TowSEs, BARE Books and WooDISG.