The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1855-10-25

Va, ......................S2e,432 q
The receipts and disbursements on account OIL
,hts tidewater connection. were
Receipts: anna M
s5,4I4 %
I1sjursemeRfs:
ro, sb;n lock Ave locks. lock gates, dock
walA sheds, bridges; lock houses pay and
expenses of engineers, end sale OF proper 90 OF 90
ty.................-......... 0'i 90
Excess of disbursements over receipts ..Sz',s<' ~
large norton of these disbursements were for
work performed or materials procured prior to the
lose Of the previous sc al year and were included
IN the estimates for the past year under the head
of Accounts due and unpaid = and a considerable
mart also was for dredging channel from the deep
water in the river at Rockets to the ship locks, &c
a abatement il given of the reasons which gov
armed the Board in adopting the tariff of tolls
which went into operation the first day of Feb
r,,orv last aud the still farther reduction which
wa, made on the 10th of April. The Board were
aware that on one hand they had to contend with
a rivalry rendering reduction, i'll many of their
former rates, indispensable, which would unayoida-
bly, result in loss of revenue: while on the other
hand they were under obligations to the Legisla-
ture and the bond creditors of the company, to raise
the largest possible amount from the business of
the canal by an increase Of rates if necessary
8 The first reduction, it was believed, would most
!. probably result in considerable increase of the
B company's revenue. Soon after the publication of
this tariff however, the South Side Railroad
shanged It's rates of transportation, making such
reductions to render a farther modification of
the canal tariff in the opinion of many stockhold
rv-I
of the 18th of April very considerable loss in
the revenue Of the canal has resulted principally
rom this cause At Richmond, comparing the
past with the previous fiscal year, the loss was
A2s, AGO 81; at Lynchburg it was s33,46G 50 at
< Buchanan there was gain Of $2,99l g.
h An examination of the toll gatherers statement
shows that the principal loss sustained by the canal
in its trade during the present fiscal year was in
the articles of manufactured tobacco and wheat
Tho former, it is probable, adds the report, has
been diverted by the SoutrSide Railroad, under an
arrangement existing between that road and the
steamship Roanoke for a transfer of freight and
charges at City Point-supposing the quantity sent
10 market last year to equal that of the wear before
The same arrangement, now facilitated BY SINH
lar one between the South Side and the Yir9ina
and Tennessee Railroads, affects in the import
ant articles of manufactures and merchandise in
the former Of which there loss of 3 69l4 tons
and In the latter loss of 6,94 tons while it is
true the orwardng business of the present season,
UP to the 30h of September is believed to have been
sInaer than ii was up 10 the corresponding period
Of the last season" 1t is not supposed that any
considerable quantity of wheat has been diverted
by the South Side Railroad. The loss is thought to
be rather attributable TO the fact that wheat has
been withheld from market upon considerations
connected with its prce-to the unfavorable season
fer threshing and the unprecedented alarm existing
IN regard to the yellow fever
The receipts of the canal have been S93i OOo II;
disbursements Sl5s,2 CD; net revenue s75.7l6
81.
The usual financial statements of the Secretary
exhibits balance hand at the commencement OF
the fiscal year, 500 796 81 disbursements, s52l
67e 40 balance III favor of the company silly o.
Receipts and disbursements account of 'reye-
nue." alone, were 1903 As disbursements,
Sai3436 IS; net amount in favor of revenue
S6a Geo 90. Receipts and disbursements on account
III the construction of unfinished mprov emen,s,
were S67 $50 SO disbursements, S40,I79 H. Bal.
anee refunded to appropriation for the Third divis
lon, s2690S &c. Receipts and Disbursements on ac-
count of the third division alone were
Balance of appropriation on hand, October lst,
Received from Board of Public Works. Ia ooS 90
Total. $l42 278 81
Discussed for work 16S,c69 IS
$25, 79O 81
Balance on hand, September 30th. 1855 TO
the credit of appropriation for the third
division. ......................... LIZ 81
Proving the balance refunded to the SD
preparation for the third division, during
the year as before stated, of.......-... $50 908 SO
The company not being able to pay out of its or.
binary revenue any portion of the interest upon its
permanent debt, due on the LIST of January last,
the Board, in conformity with resolution of the
company, having the permission of the Board of
Public Works, proceeded TO pay out the interest
Of money appropriated to the third DIVISION" with
the understanding that it to be refunded to that
account as it might be called for in the progress of
the work The amount applied was 500, 70e;
and the Board have not failed to carry ont their UNI
derstanding with the Board of Public Works A |
similar inability to pay the interest due on the LIST
oay OF July, induced appeal to the banks of the
city, which, in liberal and patriotic shirt
loaned the company $4,000
In respect TO the interests and annuity due and
TO become due, the Board recommend that annu.
cation be made to the Legislature for an an,ronr;
alton OF $4,000 to be set apart as may be reour.
co Tor the payment of the stipulated annuity to
the stockholders of the Old James River Con,panv:
TOT further appropriation of Sl35 600 for the nav
aen' Oh the interest upon the guaranteed bonds of
e'e company, due In January and July next and
'o' aainorhy to the Auditor of public accounts to
reeve me eompany's bond, payable at such times
anu N sueh instruments as the General Assembly
sosh hereafter provide, for si72.e7s To- being the
balance Of interest now due to the commouws,,,b.
and one other bond, Of Ike character. for sI7a 40
" cts, after the same shall have matured n hs,n
'o' in.e'eSt due to the Commonwealth In January
ana July Of the next year
~ i F.,
Mr.. Champion.
The Washington October o2d) corresponaen, os
'Se new ork Herald says IL Is reported In dplo.
e',eies 10 mat CITY, that tho BRITISH Minister
ASSERTS that The late attenlpt ia cory,.,-h,, :.