Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1858-11-24

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Receive docksse lisa 467G 10
| Incr,ssr ,.,................... ea.92 ~
Arrivals ard departures 1881. .............. 2ot2
Arrva ais and departures ls's...........'.'... ao''
,,,,,... TO-
| The increase in the business Of the year IA very
marked, when We consider the financial crisis, ihr
partial failure Of the crops, and the reduction OF
the tolls
Tie canal has been comparatively exempt from
disaster and interruption; the principal job" re-
naming to he completed after the very destructive
freshct of May, 1857. have all been fnshed-and
the line is in excellent condition.
The Presidents report says, "in evidence OF the
improved condition of the line it may he mention
ed that the opening Of the navigation to Lynch
burg in 1910, the new boats, which supplanted the
old river boats. only able to carry from % to
80 tons. The average cargo Of the first class boats
now is 20 tons; not unfrequently cnrg" reaches
IS tons, and sometimes "a tons" With the in
creased business on tho canal, better boats. with
more reliable masters and more responsible own
ers are introduced. There are five boat yards ON
tho canal fully occupicd.n building new boats
and repairing old ones.
Among the items of expenditure we find the fol-
lowing:
Lynchburc basin LISP 40
| Ly nrhburg feeder canal 1904 -
The expenses of this year and those of the precc-
ding, have largely exceeded those Of any previous
year, by reason Of the costly repairs rendered no.
ccssary by the freshet Of May, 1857. The annual
average expenses for the five years preceding the
fscal year Of 1857. amounted to $llG,0sl.s5.--
Assuming $l20, 900 Us the fair ordinary expenses
Of each the present and past year. the freshe cost
$lG3, 520.23.
To command the trade which legitimately be-
longs to the Canal the tariff of tolls was reduced
~ take effect on the lst July last; and was further
reduced after the amendment Of tho tariff Of tho
South Side Railroad. While this canal company
has felt ,sclf called upon thus to act in reference
to RIVAL improvement, it has also had regard
both To mutual benefit and . sense Of public duty,
in cooperating rs it has douc, with the Virginia
and Tennessee. and tho East Tennessee and Vir-
ginia railroads, to draw tho trade Of the South
west to the Canal a. Lynehburg. Thus far Tie
Company have Ind no reason to regret this policy
The movement of tonnage has been large steadily
increasing. and remunerative fer the service ror-
formed.
The total receipts from tonnage
Tor 1857, 1864 s.
The total receipts from tonnage
for 1858, cO5 65S Sc
| Increase, S"I,oo4 IL
This increase. the Report says. small as 1t .a,y
Ibc, compared with what We could wish It iu le
must be regarded as both gratifying and encaurng.
ling. If the board are not misiniorned, the for
warding business, which. for a time, was turned
from the water line by the inducement Of the rail
road at City Point is fast returning to it's former
channel"
The Company is about to try the experiment Of
ir'n bridges instead Of wooden. A contract has
been entered into with Moseley & Co.. of Cincin-
natl, for these iron bridgcs-and if it be found
nual saving will DO made in this item Of cxpeuse
Touching the work at Lynshburg. the Ecl ont
says;
The Lpnchbu'g feeder canal is nearly finished.
The lattice bridge over the Lynchburg basin has
been completed. and considerable progress has
been made in raising the Lynchburg level"
In regard to the North River Improvement up
ON which abaut seventy five Penitentiary convicts
have been employed, we get the following infor
nation:
1.-The improvement on the North River being
completed to the mouth Of South River, distance
lot IL miles. the convicts are continued upon that
line with the view of completingit up to the towu
of Lexington. which, it is hoped, will be accom-
piished in the course Of the ensuing year. limi-
ted mechanical force will be employ ed in conunc-
ton with the convicts: the extra expense of which
Will he met by an accommodation at Bank upon
the notes of the Company, endorsed by citizens of
Lexington. payable at twelve months from the
original date Of each contract.
The expenditure on account Of the North River
improvement during the fiscal year has been 500
3A AZ. The interest and sinking fund on tho
bonds OF the North River Navigation Comnanv
guaranteed BY this Company. have also been duly
paid. amounting to S22.OOO."
We learn from that portion Of the report which
covers the finished part of the canal, ,hs. the
bridges. dams. and every portion Of the canal is in
better repair. and probably in better working con.
dition than at any former psriod-that notwi,h-
standing the drawbacks of short crop, the rcduc
tions Of tolls on the canal and general financial
embarrassment. the revenue from tolls at tho docl
and on the canal is larger. by nearly IL per cent
than the previous year.
When We shall have received tie entire Report
We shall lay before readers what is said in re
gard to the Western improvements of the Compa
ny. and also the necessity and importance Of tn,
eonp'etion If this great line 70 the Ohio.
y Mambsr. nf C.n..... ~. .I,