The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1853-10-26
James River COMPANY.


we gave Yesterday synopsis of the prin.
cipai points in the report of the President os
TINS company. Some other facts of ,ene-o,
interest we have CLEANED from the renort
upon second reading.
| Inc PRESIDENT states that upon visit 70 rho
| west he was gratifed to witness throupbout
the rans-Alleghany portion of the Stata
through which the Improvement nsssas tha
strongest evidences of enterprise industry
and improvement. Extensive and Costly
preparations, he says are being made to COM
mence coal mining; and that rich and OK.
tensive basin filled with the finest bituminous
| coal, which has so long been undisturbed is
soon to be opened, with the prospect of enor-
nous production, and of large profit. I'm.
mense quantities of the miueral will 90 to
the Ohio river, by the Kanawha, and, re-
marks the President, if the water line were
now in operation across the Allegheny to its
western terminus, would be transported over
it to furnish fuel for iron furnaces and manu-.
featuring establishments along the whole line
supplying the Eastern cities with fuel, and
furnishing valuable article of export from
the Atlantic ports of the State. At Charles.
ton, Judge Mason witnessed the extraordina-
ry spectacle of steamer towing fiat boats,
loaded with heavy ircn rails, to points high
up the river, to be laid from the mouth of
the coal drifts to the Kanawha river. This
iron, raised and manufactured in Wales, was
brought into region filled by nature with
the finest coal and iron ore The mines, now
being opened, will raise and send down the
river not less than $4,000 bushels of coal per
day.
The President states that in the great val
ley to which the Canal and Central Railroad
are tending, the estimated annual production
OF articles of commerce for transportation to
the Atlantic ports of the United States is sew
enteen millions tons of freight The inter
ruption of the Northern routes by ice. and in
furious effects to breadstuffs, tobacco, &c,
| from the heat and moisture of the down
stream transportation by way of New
Orleans, render it more than probable that
Virginia lines of transportation will command
| a considerable portion of the trade of the
Mississippi and Ohio valleys. The capacity
of the railroad is stated by the report to be
equal to the transportation annually of 400,
600 tons that of the canal, three millions
The report adds that the length of the cana
improvement will be 4s3 miles and il it car
command one million tons of extra territorial
freight, conceding to the railroad all the pas
sengers, and as much freight as it can carry
the canal tolls may be reduced to one cent
per ton per mile, and the revenue will be 81,
$4,000, exclusive of freight on articles o.
consumption taken in return, and of the way
freight furnished by the people of Virginia
along thewhole length of the line.
Judge Mason expresses his persuasion from
the actual location of the water line, and oi
the Railroad from Covington to Crows, at the
foot ofthe Allegheny mountain, the two lines
of Improvement can be constructed without
material increase of cost, or of Inconvenience
to either; and that when the Covington
and Ohio Railroad Company shall have de.
fnitely settled their route across the Allegha-
ny, the same auspicious result win be attain.
ed, if the two companies observe the same
spirit of harmony and concession which has
heretofore governed their conduct. The Pre-
sident, in his last report, repeats in the mosl
emphatic manner, his conviction that the
best interests of the Company and of the
State require that the Railroad should be SC
located as not to destroy the only practicable
route for the water line. He says that as q
citizen Of the State, he would deplore any
act on the part of the Company or Of
the Legislature, which would put it or,
of their power to improve those advantage
which nature has given to Virginia, o.
establishing so favorable connection will
the great West At the same time he ear
nestly advises that every concession be made
by the Company, short of the surrender and
destruction of the route for it's Improvement
necessary to the speedy, successful and eco.
nonical construction of the Railroad under
taken on State account.
In regard to the present state of the water
line West of Buchanan, it is stated that In
August last, the Board of Directors met at
Buchanan and let to contract the necessary
works to the mouth of Craig's Creek. They
also adopted q resolution directing careful
location to be made of the extended line Of
Improvement to Clifton Forge.