The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1857-10-28
PRICE ONE CENT.
REpoRT OF THE PRESIDENT OF THE

REPoRT OF The PRESIDENT OF THE
JANIS RIVER AND kAsAwHA CssAL.-This inter-
estiny document was read at the twenty-third an
nuai meeting Of the Stockholders, held at the
Coinpany's Office In this city Monday night last
The receipts from the Dock for the fiscal year
ending Both September, amount to s39, 3.sS, be-
ing an increase Of s5,5s047 over 1885, and Of 81
1896 over 1856.
-, lhe difference between the shipping interest
Tue city now and formerly, is marked. Twelve
years ago only barks, each Of 800 tons, costing
*os,ooo. were owned here. Then, there we're 5
OF about $50 tons EACH worth about $1,000
Wn w Sh average plying between this city and New
. iheh, only or schooners of even smaier |
sonnage and cost. sa led between Richmond and |
inhiadeiphia q Then. no citizen owned any mart of |
.ne.h OF IN any transient vessel trading TO this
Now, the trade to Rio alone epn,oxs harr.
aserasng 40 tons, which cost nearly s23s.f0o |
~ All Oh Whom are owned here There are |
' sonoohers OF $50 tons burthen each which
COS. siosooo, also, one ship of 1900 tons which
cost $4,000, all owned here The eitiyens NJ |
az nonu are also Interested to the extent of 10
ooV IN TWO steamers plying to Baltimore two steam
and tso s,s.g nh,ng between here and Philadelphia
- ~ o'eamsnlPs running TO New York These
can carry $500 tons of goods and cost ahout
SAoooo' There are In the service of the V;ryini.
aoS Ss oomhpsny, II lighters worth $1,000 each
anu steainooats worth $4,000 each ali owned by
citlzens OF Richmond. The two Norfolk and RirG
iiono steamers which cost sgO. 600 are owned ~.
srciy IN Richmond aud other parts of the sta.s
nstwss ,ha, owned In Boston are regular trader.
"os"eeh .haa place aud Richmond aud there art
some 10 or 20 small schooners which rnn hs,San o.
TINS city and Baltimore and PhiIadelnhia au =,
nese vessels except the steamers, enter the Dock
where their cargoes are landed or transferr.5 "a
rectly to canal boats to be conyeved 60 60 ', ~ vi
point along the line ~ Guy "esHe"
The Virginia Towing Company are now bpi,d;,..
lighters 20 feet long, IA feet beam ~ feet d,pai
If hold, which can convey 1000 barrels sonrp w.
100 hhds tobacco from any point on ths raraI ri,b
'ut breaking bulk, to ships lying at City Point or
other places on the river. The citizens of NorfoIL
are about to establish line of Barses between tbal
place and Lynchburg for the transportation OF
freight.
The appropriation of SIS. 500 made by the General
government for removing the Bars in James River
having been exhausted. the work is being pushed
forward with vigor by contractor on behalf of th
Gity Council who appropriated S26 800 additional t.
complete the work. 1t is believed that by this
means depth of Is feet on the bars may be oh
tanned which will admit the largest vessel engaged
In the foreign commerce of the State.
Four hundred and fifty feet of wharfing has
been prepared on the south side of the upper enc
ot the Dock where lumber and coal can lie conve-
niently received. The work promises to be hghl,
useIui. Means are wanted to complete 1880 feet
more.
There have been 1,54S clearances at the Dock
during the fiscal year. and 1891 entrances Dur
ing the same time S39, ,553 93 has been received fol
dockage aud S9,049.09 expended, leaving net in.
The receipts from the tide water come ction have
amounted to $l.2S599 the expenses to S5,1O64i
the receipts for lock tolls have amounted to 81
bso'f9, winch Is an excess of $560l9 over these o
ihe previous fiscal year.
The Company lost O lumber house by fire in No
vember last, worth $35O0. The arched culvert OF
% feet span under the bed of the Canal at the pumt
house IS being constructed in u satisfactory man
ier to the Company by the city authorities an1
Ehe Board have no reason to spprehend that the,
WI nave to call upon the city to indemnify then
Tor any loss likely to be occasionsd thereby
Inc repairs To Grants dam has given occasion I,
the trustees of the town of Manchester to nsttut,
tsuIt against the company. complaining that tn,
Sater OF James river is used ON the north side I,
ne prejudice of the town of Manchester. and ask
ng compensation for the water heretofore thu
useu' anu mat the company may be restrained
rom using 1t in like n,auDer hereafter. Boshert
lam, the Joshua Falls dam, and the Cushaw dam
he nhder contract the first two for reconstruc
force.
puring the first quarter of the past fiscal year
tne tanai was Kept In good order; tolls Increased
but III the second quarter navigation was tnt.lI,
'uepended by ice for 80 days, and the Canal sus
Gained injuries from various causes In cons.
iucpce OF the disasters produced by the freshet O.
lay, the revenue of the Canal decreased in III,
third quarter, and more was lost then than wa,
ained IN the two other quarters The sand bar,
the Canal and ponds, formed by frequent rains,
'oSether with other canses produced, ia the fourth
The aggregate loss of revenue from tolls for tn,
wear was S7,5i2 9l cents; the receipts for 1s5f
having been sl99,l97 46 while those for 1857 have
been SlSl 624 55. AT the Richmond Office there
was d TOSS OF SlZ,olo 9s; at the LyDchburg office D
ss Of S5,4l6 90; at the buchanan office q gain O,
1854 90. e"'" VI
Ihe demand for water at Lynchburg Va, for
manufacturing purposes, has induced the COMPANY
to raise the level Of the Canal at that point feet
The work is to he naid for out of q sinking fund
created by the water rents.
me Discrimination Eiude in the tariff of tolls Oh
articles ascending and descending the Canal in ia
yor OF descending. hasOpcrated well.
The bridge Mt New Canton, insured for 40 O00 |
vas burned June 20th by the torch of an incendia
ry, and since that time the Company has construct
cd bridge there to set over the trade and travel
Of the Canal
Work the Sd Division was SUSPENDED the LIST |
Of last January, and all damages accrued to con
tractors li1udated.
There is balance in the Bank at Charleston of
s6.2iS 49, TO the credit of the Kanawha improve
ment fund large portion Of the year has been
nnlaForable TO business or to the collection OF
tolls. In the valley of the Kanawha river a feel
ing OF hostility exists on the part of many to-
wards the Company, which has embarrassed it,
administration The expectations of the Board
in reference to the improvement of that river un.
der the act of 5th Feb, 1856, have TINS far bsen
disappointed in consequence of the difficulty found
10 dlsposinS OF bonds to raise the means. Since
July, nothing has been done in the matter
The cost OF the North river Improvement 70 ths
North River Navigation Company, was s425539
ana the James River and haIawha CoruuauV g,J
It for S2000OO, as a part of their line, upon cund
ZION OF completing it, and assuming the payment
OF the bonds guaranteed for them 1t is cslcula
ted the sum of S73,64S will amply suffice TO finish
il.
The receipts from all sources for the past year
have been SiGO,6'4 Us; disbursements for same Pc
Rod Sl99 800 90, leaving deficit of s22555 Bai-
tDce on hand at commencement of fiscal year sl6.
Isl Sc; at close Sl6.l5631. The Company will be
unable to pay punctnaly the semiannual interest
due on its guaranteed bonds on the l.t of Jan
uary and LIST July, 1858, and 1st of January 1859;
there is therefore remedy but to apply TO the
legislature provide the requisite means, in &C
cordance with the terms of the guarantee.
The report approves the scheme of direct trade
with Europe and aided to send commissioner to
Europe to effect that object. The legislature will
be again applied to to convert the debt Of the
Company into stock. 1t is asserted that the com
pletion Of the canal to CoyiDgtOn would produce
such an amount of revenue as 20 relieve the com
Pany of Its embarrassment. 4 review of other
canals Is given to Justify this conclusion. The
port concludes with the 'hope that the next legis.
nature will duly consider the position and iniiu-
enco of Virginia, and their Efforts TO contribute
to the prosperity and progress If thc State. will
make adequate provision far the completion of the
James river ara Kanawha canal, IN terms which
shall ba inst 10 those who have advanced their
means to aid In its construction"
-4jo1TRe1 &s-CH.- rha stockholders of the
James River and Kanawha Canal Go. ro-asssmbled
last riyht md disrosed of NJ, tho business sub
mittcd 10 them, ef which vii. publish an ac-
count hereafter. The old officers we're reelected
and tho mcctins adjourned sine die.
FIRE WoRKs-A grand exhibition of
fire works will take place tonight, on Capitol
square under tho direction efAid Fire Company No
t. In preparing this pyrotechuic display, no labor
rr expense has been spared, AMI feel assured
that it will surpass any thing of the kind pre-