The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1858-04-13
LOCAL MATTERS.

at the eompany's office, in this city, on Thursday
| the sth instant, at O'Clock, L. NJ. Col. H. c. Ca
| bell resumed the chair, Mr.. w. p. Munford, the
| secretary OF the company, attending as clerk ex
| o1icio.
Col Ellis, the President, addressed the stock.
holders:
He said that under the authority of resolution
adopted by the stockholders IN the 9TH January
| last, and OF resolution subsequently adopted by
the board Of directors he had executed and deliver
ed to the proper State authorities, and they had
duly accepted, bond and desd of trust required
by the act of Assembly passed 22d December, 1857
The President then alluded to the passage of an
act providing more effectnal means for the i'm.
provement of the navigation of the Kanawha river
q certified copy of which, amended through their
suggestions, is submitted to the stockholders for
their acceptance.
Certified copies of two other acts which also pass
ed the Assembly-one entitled IAN Rct authorizing
the transfer of the franchises of the North River
Navigation Company TO the James River and Ka-
nawha Company" and the other entitled "An act
for shangisg certain toll gates on the James River
and X 4nawha Turnpike"-are submitted for the
information of the meeting.
The President alludes with regret to the failure of
the principal application ION o. n the company to the Lei
stock of the company, and to authorize subscrip
tion thereto by the Commonwealth" The substi:
tute, proposed by the Senator from Augusta passed
the Senate: and when IL came up for final disposi-
ton In the House. received vote f72 to 81 falling
Tor the want of only five votes 1t is known that
amobg the absentees there were friends enough Of
the measure to have increased the vote in favor of
the bill TO the requisite constitutional majority.
House of Delegates in December last the President
furnished that body with list Of the salaried Off
GERS Of the company, showing the compensation
paid to each, statement of the gross receipts
ard net profits resulting from all sources OF inco,re
and with the view of correcting any mishapprehen-
sion which might exist with regard to these sub
ects III. President not only furnished the informa-
tion directly called for, but explained the orgsnza-
ton OF the companys forces, the nature and neces
sity of the various duties devolviug upon the en-
poyees and other facts in his opinion calculated to
dispel erroneous impressions.
[The above is a mere outline of the Presidents
remarks Our limits forbid their publication en-
tire.
On motion Of Mr.. p r. Grattan, the following
resolutions we're adopted
1st. That the stockholders hereby accept the act
of the General Assembly, passed on the 10Th Feb
ruary, 1858, entitled "an act providing more ef
fectnal means for the improvement of the naviga-
tion of the Kanawha River" and the proper Off
GERS of the company are hereby instructed to pro-
ceed to carry out the provisions of the said act in
the improvement of the said river.
End. That the net revenues derived from the
works on the Kanawha river shall not be applied
directly to the improvement of the said river. eX-
cept for preliminary plans and surveys, unless the
fund acCruiDg, and we'll secured from tolls. and
from the sale of bonds, shall amount to the sum of
twenty FIVE thousand dollars.
3rd. That the President and Directors be, aud
they are hereby authorized to complete the i'm
provement of the navigation of the North river in
the manner required by the act of the 10th March,
1858, upon such terms as they may consider ad-
vantageous.
Mr. Grattan also submitted tariff of tolls for
the kanawha river, which he proposed for adop-
ton, to take effect from and after the lst of July
next, provided the improvement of the Kanawha
river, shall have been then commenced.
In lien thereof Mr.. j. G. Paxton offered the fol-
lowing resolution, which was adopted:
Resolved. That the KanaWh board be author
lied when the improvement of the Kanawha river
has been commenced to adopt a tariff of tolls
for the Kanawha river, not exceeding the rates
authorized by the act providing more efsectuai
means for the improvement of the navigation of the
ksnawha river" and that the President of the
company be authorized to convene the two
boards, if he should think proper, for the purpose
of ratifyiug rejecting such tariff of tolls before
the same shall be carried into effect; which tariff
Of tolls shall be subject to such notifications
the Stockholders in general meeting may hereafter
think proper to make.
On motion Of General W. d. Taliaferro /. was
resolved, That the President be authorized to EN-:
ploy Mr.. Charles Elet Jr., Civil Engineer, to ex-
| anime the Kanawha river with reference to his
plan for improving the navigation of the Ohio and
other rivers by means of reservoirs.
The President read, for the information of the
Stockholders, copy OF an act passed by the Gen
eral Assembly, providing for the employment of
negro convicts on public works. Whereupon, on
motion of MIR. +. II. Mays, Resolved. That the
Governor of the Common wealth, under the act
passed April 7th 1858, entitled IAN act proyidiu z
for the employ ment of negro convicts on
the public works" be requested to direct the
employment of such conVicts the works
Of the James River and kanawha Company, in ac-
cordance with the provisions of said act; and that
the President and Directors are hereby authorized
TO enter into such agreement for the employment
| of said convicts may be prescribed by the Gov
ernor to promote the efficient direction of their la-
Dor, and to their safe keeping, pedging the
company to pay any expense that may be neces-
sary for transporting tic said cOnvicts and from
the works of the company, for their maintenance
aud for supervising aud guarding them while in
possession of the agents OF the company.
Mr.. +. B. Deane Jr., called the attention Of the
| stockholders to the practice Of the SOuth-Side
Railroad Company OF making private contracts
for the transportation Of freight that road; and
| on his motion, it was
Resolved, That the Board of Directors of this
company be required so to regulate the toll be-
| tween Lynchburg and Richmond as to command
| the trade which legitmately belongs to the canal.
| The adoption of these several resolutions gave
| rise To discussions which were participated in by
Mes;rs Henry C. Cabell, Allen T. Caperton, Fran
| cis b. Deaue, Jr, Peacby r. Grattan, William II
| Mcfarland, Fletcher II. Mays, William W. Mosby
| George ". Munford, James G. Paxton, William
| Taliaferro, John K. Tucker, and the President.
| Messrs. Christopher q. Tompkins and John
1 Lewis of kanawha county, were elected ms m
| bers of the Kanawhs board, by the stockholders
] other than the State.
| MIR David j. Burr, OF the city of Richmond
| was elected a director of the company, by the
| stoekholders including the State.
| On motion, the meeting then adjourned sane de