Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1855-10-26
Annual Meeting of the James River and Kama
VIVA CoinDanV


The stockholders rc-assemblcd. pursuant t.
adjournment. in the Company's Office, la,t Tues
div night at : oolnck.
The President Thomas II. Ellis. presented
the nnuoal report Of the President und directors
The report states that the pnst year has been
one of calbarrn~ -n'nt 10 the company. yet The
improvement has continued quietly Ia confer lis
signal bat II some extent nnrrcogn2ed benefits
upon the community. Tho operations Of the
Richmond dock have been successful The
number of vessels that entered the Dock was
l2l1, and the number cleared, including canal
boats, 1922, paying together the sums of 2:}2.-
972 l6 The disbursement, for expenses and
repairs and salaries of agents were s3,5i0.iS,
leaving Il ret income of SEQ. 1872 %. The re-
cpilt- on aceoont of the tidew ,ter connection
we've ~J,iliO9. aud the disbursements S}3,3jl.
l.. Excess Of disbursements over receipts 227.
927.79.
The report then proceeds ia detail many in
trrrsting facts, with regard To the application of
tho dredging machine brlnw Rockets, by which
channel has been secured sufficiently wide and
/ deep to admit the argest vessels coming To Rich.
mond; thu erection Of the new bridge on 18th st.
the necessity of new whnriing the general con
dion of the canal and sundry other matters
With regard to the enlargement OF the canal at
Iyuchburg the report SAYS the Board have en-
tered into II second agreem at with Judge Daniel.
for obtaining ;hp hand necessary 20 ennble them
r. construct feeder canal, extending from the
Water Works dam to the pump house, and be-
tween thu basin and the river This feeder ca
nal seemed desirable ia enable the company to
comply with It's contract for furnishing the city
of Lypchharg with n supply # water adequate
10 the wants of 10000 inhabitants, and at the
same time to relieve the LyHchburg level from
the current formed by such draft of water APP
ON the main line of navigation.
Abiding to the tariff of tolls. which was ravis-
el in April in Consequence of II change IN the
rates Transportation over the South Side Rail
road the report says:
"Ihe loss in the revenue of the canal, result
/ ing principally from this cause. has been very
| considerable. At Richmond, comparing the
past with thepacyious fiscal year. the loss was
50 1863, ii; at Lvnchburg it was >s}3, i66 80; at
Buchanan There was gain Of s2,99i 81
ltappeare that the principal loss sustained by
/ the cannl in tstra3r during the past tiseal year
was in theartclr- of manufactured tobacco and
wheat. Tn report attributes tn" loss in the lat.
terarticlu II thr ,c' that wheat has heen with
held from market upon considerations eonnre-
ted with is pricr-tn the untavorabie season for
thrr>hng which continued until the farmers be
| came otherwise engaged with their crops,and the
nnipuI led alarm which at one time existed that
the yel,n~ fever prevailed mere as an epidemic.
\ statement of the receipts and disbursements
fthe canal shows that the former from tolls,
| penalties and rents amounted s23lOD II; while
the Disbursements reached Sl5S, 29s,G3,nett row
enuc, ;s75,7;}6 81.
No change has taken place in the condition of
the Sonth Side and Rlvanna connections since the
last annual meeting.
The report goes into the dctns of the finan-
cai affairs of the company, but wcarr unable,
! frn:A the demand upon our space, to gre II syn
| opsis of these statements. But with respect to
| the interest annuity due, and to become due, we
may mention that the Board recommended thai
| application be made to the Legislature for an mp
| preparation of ! p 900 to be set apart n may be
required, for the payment of the stipulated annu-
! ity to the stockholders of the old James river
Company; tar n further appropriation OF Sl35'
| GU for the payment of the interest npon the
! guaranteed bonds of the Company due IN Janun-
| ry and July next; and for authority To the audi
! tor nf public accounts to receive the company
| bond payable at such times and in such IN
] stalmpnts a. the general assembly shall hereat-
ter provide. for $l72,97S,72, being the balance Of
| interest now due to the commonwealth. and one
bond of Ike character. for Sl1I.S5 %, after the
same shall, have maturcd, it being for interest
| doe to the commonwealth in January and July
| oil the next year.
Ia conclusion. the Board express in the most
earnest manner their hope that the legislature
| will At its next session make suitable provision
| for the gradual prosecution of the water ine.cun
Meeting it, for the present on the east and west,
| with the Coyington and Ohio railroad.
| Mr.. Ruff, President ot the North River Navi-
| CATION Company, presented a memorial asking
the James River and Kanawha Company to guar
antee their bonds to sufficient amount Ia ena-
| ble'them 10 complete their Improvement to Lex
| incton. On motion, the memorial was referred
to the committee of thirteen.
The meeting then adjourned until Wednesday
evening at O'Clock
| a DuTCHMAN's PRoGNosrCArloS,-Af friend
of ours asked Dutchman the other day what
kind of winter he thought would have. The
Dutchman, drawing himself up with an air of
| phosophio equanimity, and an oracular snap of