Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1855-10-30

ed the Board in adopting the tariff OF tolls when
went into operation on the first day of February a'
and the still farther reduction which was maze "n
the 10Th of April The Bonrd were aware that "n
one hand they had to contend with rivalry, render
iur reduction, in many of their former rites indls
pensabir which would unavoidnbly result i'll oss Z"
! revenue while on the other hand they were under
obligations the Legislature and the bond creditors
- th. compnny to raise the largest possible amount
from the business OF the canal by IN increase of rates
if necessary. The first reduction, 1t was believed
would most probably result Ill considerable increase
,f tho coInpunys revenue. Soon alter HE publlch-
;r NJ ths tariff, however the South Side Rail Road
han,ed its rates of transportation making such re-
| drn,n,,; Ms IL render farther modification of the
tariff il the oPn"I G Of many , s"akn% tn "
| -, ALL 4 very considerable loss III the revenue
Of the canal has resulted principally from this cause.
At Richmond, comparing me past WIN inc previous
fiscal year. the loss was -"'io' ~ 1T i-t ~
was s:r, AIS 81, ut buchanan there was gain OF
An examination of the toll-satherers statement
shows tina, the principal losses sustained ny .he can
in lis trade during the present hScai year Mhs VI r'
articles of manufactured tobacco anu wheat me
former il is probable adds the report, inns bech az
vcrted by the South Railroad, uider I'LL hrr"hSe
nent existing brtw that road anu mo s'ea,'sii'P
Roanoke for transfer Of freight ana chrSeS II. ~!
poin-suppOsing the quantity sent to marker h'S
Year equal TINT of the year before. Inc sahe Ir
rungcmcnt, facilitated by similar one between
the Suutl-Sc and the Virginia and Tennessee ka-
roads, Affects lis III inc llnptrtnl RrllCcs %.
lures and incrchHnd>e, i'll the former of which there
was loss of 3iol tons, and III the latter loss o
gUl TOM; while it is true the forwarding business &"
the present up 10 the 10Th OF September Is be-
lcycd to have been smaller than ii up to the cor
responding period of the last scnsUn 1t IL not sup
poscd that any considerable quantity vi wheat has
been diverted by the Suuh-Sde Railroad. The loss
is thought 10 be rather attributable 10 the fact that
wheat has been withheld from market, upon coiIsidr-
rations connected with its pricc--to the uniavorablc
fort uDtDllu,.l
ing in regard to the yellow fever.
The receipts the canal have been S23i neg H. dis
burscments Sl5S,291 G3; net rrvcnue $7J,7lG 81.
The usual financial statements OF the Secretary
show the total receipts during the ycar 10 be $J!2'9
81; total disbursements, So! ,6oS ~; baiaucc in ia
vor of the company, $l,ll7 ~. Receipts and dis
burscmrnts on account of ..revrnur' alone, were
$50 lob -; disbursements BIB I:}6 ID; amount
III favor of rcvcnur, s6!,GG6 ~. Receipts and dis,
burscIneutS ON account ut the "cunsruCrion of an
finished improvements" were SOL $50 -: disburSe
mcnis $lOE2 IL: balance refunded Ia appropriation
for the Third division. S!6,9tS IS. Receipts aud dis.
bur.plucnts on account of the Third division alone
werr--
Balance of appropriation On hand, October 49,,
Received from Board OF Public Works, i0,N0O OO
Total. .-.-.-...--.--S ll!,:,s ~
$?j79D ~
Balance ON hand September 3llth, lsj5, 10
the credit OF appropriation for III" Third
division. Lille -