Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1853-12-16
,Anes RIVER AND KANAwHA CANAL.

No nnblish TODAY az matter of public concern, the
memorial of this company asking appropriation tor the
completion of the canal TO Cosington Deemlng II wise
economy the part Of the State 10 make sach an appo
pr.on we respectfully commend the subject TO the tavoa-
bic consideration Of the Legislature
The Interest OF The Commonwealth in the James River
and Kanawha Company more than eight millions oil DOL.
s while lha, Of the private stockholders Is only TWO mil
lions With its improvement but partially completed, the
company has been embarrassed by it's effort TO pay the In
,e.es, on liz debt which 10 fact semaunua dividend to
The State on the capital expended Ia constructing works,
befors ,hey could lie made available To complete the
canal to Coyington and Il with the Covngton
and Ohio Rail Road TO be the only practicable method
rendering productive money nSesmentan aVaiia
be Of furnishing those vas. commercial and sg'
cutural advantages which have been anticipated from
IL.
Whether the Monroe or the Grecnbrer be selected
for The Covngton and Ohio Ru Road the main trunk OF the
road will cross Now River point called The Little Falls
abou, one mile above the mouth OF Gaulcy river 10 the
county of Fayet,e To that point steamboat navigation
NAV be brought with very slight Improvement Of the river
below.
Tho Board Of Public Works expect complete the rail
road from Coyinelon to Little Falls, within two years
from the adjournment Of the present Legislature Theree
no reason why Canal may not be completed to Coving
ION within the period, If ample means be provided
connection
Pleasant on the Ohio River will then be secured and the
East and the West will be united in the bonds o rccprocu
benefta and good will. The Of the Canal under
tbe influence of tho yast ,rade Of the Mississippi valley
king an Quite, 10 the through tributary rail roads
win be greatly augmented and the Commonwealth and the
individual Stockholders will derive the anticipated results
from their investment Of capital.
is encouraging to kaow the condition OF the Com,
pany steadily Improving Since the LIST day OF September
last period Of hundred days the receipts from tolls
alone have averaged hundred dollars per diem This
presents hatsring increase Of tolls compared with The
preceding year.
With the improvement completed Covinston there is
no doubt that the would DO amply sufficient for oil!
of tho engagements Of the Company.
TO THE GENERAL ASSEMBLY OF VIRGINIA
The memorable The James River and Kanawha company
respectfully represents:
That tho stockholders Of the company their ae ual
meeting, adopted the following resolution:
Resolved That the president and directors Instructed
10 present memorial the next General Assembly, asking
tend In canal 10 of COvingt0n and that the Pres
dent directors hereby authorised TO execute such
cures for any oan loans that may be made Tor tina. ur
pose, the slate may require"
In pursuance OF that resolution the president and dcc
present his memorial and earnestly ask The aid
contemplated.
its proper inform the General Assembly that The CON-
pany, called meeting held 10 April accepted the terms
and benefit of the two acts OF Assembly passed al last
be applied completion Of the Tdewater cion
sod the Loan Of six hundred and forty thousand dol
rs Of which sixty thousand dollars wes TO be applied TO
the Tdswaes connection and the balance to The extension
Of The ine of Buchanan BY agreeing TO the
conditions of the last mentioned aci, the COMPANY has be-
como subject provisions of The Code OF Virginia
far % they relate Internal Improvement and Joint stock
copanes and also TO The provisions of The act Of the 9Th
of April 1853 amending the Code by which The vote OF the
Stale Ia the company has been Increased. ..-'.e
Your msmoas,s take pleasure in stating that the appro
prisops made for the completion Of tho ds~aler connee
i.oo are considered sufficient and the work Is satisfactorily
spprosching Its completion To- the course Of the present
f,csl year will be 6aished the companys revenue will be
nsnoe resulting from enlargement OF the harbor and
wharfage of Rchmont the commerce OF this city will be
brought to hedooIs warehouses; md the navigation
Of lhscsn conveniently connected With tho lower James
River.
The appropriation Of Ave hundred and eighty thousand
dollars made By tho of March last has enabled the
Board OF Directors and put under contract so much
Of improvement above Buchanan extends from that
Town to the mouth Of Craigs creek, distance OF fifteen
miles, embracing tunnels and three saueducs By 70: