Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1853-10-27

VII IN l. a.
n''' u. WV 'i"" 'i'" M coa oo
'''' ''"''' 0'''o' w ,-enoo an
''''''' "
-.-r l., ,oc =, ~
In ~ ~ SIS -, a. ~
III ti'e apoNe estimate 'he o'ale sopsei! P''o'
~ To,,;toI S+o,1 a.. tL,r ara, ol,,,it t13 III of
tbo ,,r;,,to Stonll .,,hcr;lod hl;o,od T., In insol
vent. Which. bownyrr When, sale and tran.fcr
sl,I hc ,ndo to soma ,,tot and , corre .nopdinf,
,,,rt;o f,,, +l, C+nt,, iii 10 .,,,lorna a,.o;
able. The wants Of fine Comnonv Ia complefe
and mt into opcration the entire work NAV be
put down AS follows
Iron unpaid for TO st Oct. 25SI. 639 2S
Enriuccrs estimate for Graduation
and Masonry, 1853, s27 90
do do Supcrstructurc and
Bridges, I2I 600 90
do do Locomotives. 10000 90
do do Rollinr Stock, l3i OOO 90
SI3l6 i66 -
No estimate is here made for interest, as no
doubt in the opinion of your Board should be en-
tertnincd of the revenue from the road in opcra-
ton being ample to paw running expenses and
the interest on loans They estimate the REGENTS
for the present wear at ~20OOOO.
The assets shown above approximate very
nearly the estimated wants of the Company, but
van viii ohsarvo t.,. ,r in MT of ut oL.,r.,
ter that cannot be made available tomeetpromp
" the liabilities. particularly if the work he ush
ed forwardos it should be, and as its present con-
sIoer"'Ion "0ulo ADMIT o. certainty therefore the
ton shond me- ont;nip"tcd ~ Far ~ a.
do So
III pursuance OF theSe IleWs' your boafd would
tScom'nch" t'iat you a'lthorze them TO anticipate
:n' resources ol me 'onprhy ny loan or loans
~ SUI" '!on'l'r aS you III your Judgement may
"'''n ""'lHup'''
1t Is possible that sufficient aid by temporary
loans may bc obtained, and ordinarily there
would be but little doubt, as frequently hereto
tore' an amount equal to what may how be neees-
sary, has been obtained from the Banks in this
city alone But the present strmSency IN money
matters increasing the demand upon the Banks,
renders them less able to afford the required ac
Communications and IN view OF past faYors, further
Applications should be avoided as far as practical
be BeSldcSa dependence upon the character of
negotiations Is uncertain to its perpctuation
ana might be the means OF postponng rather than
avoiding the evl-day; therefore plan promising
more P'rm'nancy would be decidedly to the con-
N'n'nCc ana interest OF the Company.
III auditloh To the statements referred tom this
report there are several tables annexed which
win be found OF much interest, giving mforma-
ton IN that form more satisfactory than another
mode
All OF which Is respectfully submitted.
JNo. ROBIN MCDANIEL, PrtSi.
The Chief Engineer G. Z. NJ. Gnrnctt. road the
following rcport.
p,r, Dl rt' T., a. 80 NSp nhNN'
w. ,Lo D,.;ya,t iy'ln ~? ~, '-''" io'''
. '"' f ~, l,S, i "1G ~ Dl'ecI9ls ;,
c,,~Ur, |',, :" ""o 4 '""' t'"'- nooo %,
,bo rnod aJ t 'lae rJ''',, VI my 't,st frloit
y. i'' '''U J"r' ''"'iir" ,lG l''Po' II, n'g LICK
it ~, USE 20 y? 1o' On tue tom "i
fn',a iIo'' an" ~ "'S 'ns,aoout - mics
Thn rosd ,,s ~ l.; t"?us' l's'
-. .l, d.I;,'an,, . ~ ''"s POM a. sooi,
tl,o aaat w e ~ VI .'1 ''"" Pprmi''eo' ana
cnnfno g., th ~ peirN. mus DC
olnn.nJ sfno t 'ntL f nan "i''ch nave
Tbc R""rd ' nro '" oirna 81 'N"g"s, L .,.,
, nn' pouio are ALREADY aware that, although
tUoT '4l' ol iron 9a otcn purchased previous to
amount ,yo gnrc i"v n% h very ifse
,"not;,,l ""n p' t'J Hlin''ia'eN al'fr 'hat
n''e''llS' causes o'yohu thelr control prevented
TI;. rno "' ,,;,tSt
% ,J;D "S' rti'o,nll nave pe'h completed