The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1854-12-13

- s' 81
JAnrs RiyxR ann KAsAwHA c0mrAnr
tneatfnf ii the Stockholders Of The 1ames kivcT.
and kaneNha Companys was held q the Coinpa
pps ohice last night
der. and on bis motion, Col. dsosas D. CAsnf &c.
The secretary, MI WIN. r. MunfOrd, then called
the roll 10 ascertain \ quorum wss present, snd
made the following report: Whole MEMBER 90 g 49,
136el. Necessary lof quorum use4<. fseSoess
Ca sa THOMAS q. Elass The Prssidsnt 81 the Conn
psny then arose and isad the report O. the
fssts The receipts ON the canal for tolA rsnts spd
.csis house sss or the heel !ssr. en4n The Scth e
mems. On account repair .nd adna.
ration Of the company ei50942 o. Net revenue
60 SIS 10. Showing An increase Il the expenais
.prs: Is The net rsysnns Of Ss7ia The de-
crease in Tonnage the last year a. compared with the
The animated value Of the freight transported on
the canal last year was Ola. l6062b.
Comparing the business Of the three toll Offices for
the Pc. and y
an Of o. 407Ol; and gain At Lynch6nrs Of ~ s7l 81
Net me rsesiseS on last year
Only el09.14 less than the preceding year ana ne
cost Of travel the canal about II cents per nile
The Southsde connections have been completed
70 far as 10 accommodate the public trade.
ssThe Riyanna improvement has been opened for
large class boats to Thrills Ford within eight miles
A section Of the North River improvement nine
and half miles long, has been opened 70 naviss-
I'll The subject of water power has not escaped the
attention Of the Board and the principal Engineer
has been directed to examine the whole ine oi cana
limit each lessee the use OF the precise quantty
of water to which he 10 entitled, and to determine
the points at which, and the extent to which, sdo
tenal grants Of water power may be made without
The Blue Ridge Turnpike and Ferry have not paid
s sssa expenses during the ''''' y 'n' '' :
On the Western improvements-the Kanawhs
road and the Kanawha river-the excess OF fecepts
over disbursements, is 3d. SS a.
The Board have resolved to hold regular meet
ss at Iynchburs, Buchanan and Charleston
The receipts from all sources, during the flscal
year including the sum on hand on the LIST day OF
October, 1855, amounted TO SoZSoooo1. ana the
disbursements to $3l9, 49, "a. Leaving balance
in favor OF the company OF $2,27SS3.
svnopsis of receipts and disbursements, on ac-
count of "Revenue" alone, shows that the receipts
were 1881, 2I3.O7; and the disbursements $780,.
1912.
Excess of disbursements over receipts, borrowed
from appropriation for the "third division, and to
be refunded, $69324 3d.
Receipts on account OF the "Construction OF I'M.
500 4342l OF this amount $20, 1908 were bor-
roued from appropriation for "third division" and
to be refunded.
Receipts on underwater Connection" SI70,a64
10; disbursements $176,28l 80 eOf this amount
$S,Ol7 Is were borrowed from appropriation for
ssthird division" and to be refunded.
Receipts of sstbird division" $253, 267 IA, and
disbursements $145, 534.28-leaving Sl07, 1926 to
be accounted for, of which So .278 83 remain on
hand and the balance, $l05 454 03 has been loaned
to Revenue" to the "construction OF unfinished
improvements" and to the "Tidewater connec-
ton" es &
on the Both September last amounted to S5,4l9,-
$3.50. The interest on which is 1925, 694.24.
Estimated sum total payable out of the revenue
The
rod SSH 600; Of which $35 600 will probably be re.
ceived by the LIST of January next.
nue. Of the current fiscal year Of sa4s 600 of which
sum 1928 600 will be required to enable the Compa-
ny meet its interest debt and other obligations
The present directory say that the inability of the
Company to pay the Interest upon Its debt due
the 1st Of January arises from no fault or manage
When the President concluded the reading of the
report, A..
and accompanying documents be referred to y com.
mittee of rteen He also read the subioined propo-
sitons, which he designed laying before that COM
ist The assumption of the indebtedness of the
Company to the State by the State whether of mo-
guaranteed BY the State, and the conversion Of the
whole into the stock Of the Company.
Company to point to be s.ssrtainsd hsr.sfterj at
which tho present net revenues of the Company
will be equal to a dividend Of four per cent.
3d. The issue of new stock to an amount sufficient
to complete the extension of the Canal to Covng-
ton, on the Eastern side and to give afford steam
mouth of New River, on the Western side. (,
4th. The original stockholders to have the first pre-.
ference to take the new stock.
the revenues of the Kanawha River az security to
capitalists to proce ed under the superv-
sion of the Engineer of the company to improve the
plan recommended by Mr.. Fisk.
The company to have the right to redeem at sny
motion
it was carried in the affirmative.
The Chairman then appointed the following gen.
Messrs. Edward Kenna, VIM. B. Taliaferro. Robert
]. Davis, Gustavus A; Myers, George W Randolph,
George N. johnson. VIM. b Macfarland, George w.
Munford, VIM. Palmer, Lewis Webb, r. r. Grattan,
II. C. Cabell and Charles Mills.
The Chairman requested the committee to meet
at the Company's office at 10 O'Clock this morning.
The meeting then adjourned until half past Z
o'clock this evening.
Bound OvER.-Josiah Jackson, charged
with assaulting and beating John Barcigalispe, on
the 10th inst appeared before the Mayor yester-
day, and was held to bail in the sum of $500, to
keep the peace and be of good behaviour for the
next twevle months.
FIRE.-The frame building ON Main st.,
opposite Boshers Hall, occupied BY Mrs. Baber a.
boarding house, caught fire on the roof last eve
ming about clock. By the timely arrival of the
fire companies, it was extinguished without much
damage.
DRowNEp.-Wm. A. Hubbard, white
man. fell overheard from the steamer Curtis Peck
last evening at Rockets, and was drowned. We
md al md m haa left n family.