Kanawha Valley star. [volume] (Charleston, Va. [W. Va.]) 1856-1861, 1859-11-07
pan lie R5ehmond Erssier.
James Riyef ana KaHnWha Cumpany.

TtN VI k9ids $500 - - eli d5S "
lice 10 his city % Monday night las..-
The annual Feperl 81 tbs President ant
Direclms was read also. The report D
| ihe Kanswha Board.
/ Tie following synopsis Of tie Presi
ldenl's report Of The CONDITION Of the com
pany for The year ending sob September
li86g, contains much interesting informa
ion K.
There has been an increase Of $4. 789
75 in the revenue from ihe Richmond
dock and ID tie number Of boats ans
vessels have entered the dock, an in
IIcrease Of $40. compared with the: previ
Eous fiscal year. Tie gain Of revenue, Ii
/ the Eve years that The dock has been il
operation. is 40 per cent, comparing tllt
first year with the last NV
The increase Of the trade with Bali,
more il particularly observable. AL
though another tirst-class steamboat has
been added. making t,i weekly line be:
tween Richmond and BALTIMORE, tht
number Of boats which enIeredithe docl
with 5csfgoes from. BALTIMORE. during tbs
years 1857, $50 and 1859, has been
respectively 3i.879 and Ito,
Further additions have been made ID
the number Of barques owned in Rich,
.mond, and regularly employed I'M the Rio
trade and lie article oflcotiee imported
from Brazil. shows an increasevof II $50
bags-the, number bfI bags imported III
4 1853 having been 2U,459, and Ihe mum
Der in 1853, ga. 1877 s
There was an increase Tiins the receipts
5of guano during The year u nearly 1000
TONS, and the receipts q humber rose from
I. 94I. 423 feel to a, $50 ,423 feet.
In@the outward trade. Itbe Board re.
mark with Satisfaction, because indicative
of The Progressed Inc industrial inleres;s
81 Richmond. an increase Of more than
500 bales OF domestics, a5of more than
"A GOO kegs 81 anaifs, Of nearly 1000 ions
Of iron spikes, and shipment Of 72
steam saw-niills. s.
TIE receipts on account Of the dock
have been-frem dockage. S46,4l5 81;
disbursements, 81. 958 81 net income.
|S38!457 335.
The receipts from lock tolls have been
81, 4N9. aud the disbursements on NC
count Of The FIVE locks 81 Tide water con-
nection. Tor repairs 3 ITO. 70 ]. for salaries
ofagents. S57734
II evidence Of heirdisposition to aid
the company. and V; afford every facility
intheir5p0wer 10 the community affected
by the improvement it is mentinaed that
tie President and FIVE Iof the Directors
at one time. upon flfeir indi-
vfdual endorsements, with the banks Id.
d loan of one hundred thous+
aud dollars TOR tile accommodation oil. the
company. While The whole Of this dsbt
has been paid they are sill responsible;
upon similar ngt orssments, for aconsid- !.
cradle amount. 1t is. mot however, SO
much theapressafe from this source, as
rom the large arrearage. due by negeti-
able paper OF i business character. and
by bonds, pay rolls and accounts eonssi
.uting the floating debt. 10 whichHthe
board, in the report, refer; and they
.hetefore call the attention Of the stock 1
5olders and the Legislature 70 various
acts, showing that since the last annual
meeting a SYSTEM Of thorough relrenchs
neat has been adoptei. Comparing ihe{
.xisting organization with that 81 the 3lst
January, l858sreported BY thu President
t,sihe Speaker Of The House Of Delegates.
| reduction has been made Of Rifety -lwo
ns. number Of officers. aseMs and EN-
slleyees4 iin4lhe service Of die. company,
.ud a dimunition of $28. 79sSjn the COM !,
oensation annually paid 70 Or fotthem. 81
{ Rererts from the superintendents OIL
'epairs on tie56rst and second divisions
,flhe canal, and from the chief engineer
show thai, withstanding the many ad- |
verse circumstances affecting The admin
straiion Of the roulpa y, The main i'm
has been kept in general good
,rder. III i.y I- 49, u
The board regret To say that The an,ic- /
patiphs which they infalged at the date
i their last-alnual report, of an increase
il revenue. have been realized. While
here has been gain In lhe tonnage du,
ing the fiscal year of 8 3304.lons Or 4 I
ser cent there has been 4 falling off of
oils Of S3o,685 81, 81 IA per cent? In
of other. causes. this il the
'esult in part. as tie boardzare persrtd
ID. of modification il the tariff Of tolls. 4
which they had hoped were. a and, end.
Previous % the last annnsl meeting. YIN i
Tel The tariff Of July,l85B, aud h Md II
6cations. there seemed TO be = !SleadNy3
business pn the canal, and !
here was an 4actual gain Of revenue for
hr qdarterendiug 3oth September. / $685. ]
,ompared with the corresponding d uar Y
er ofthe preceding year. of 50 05l .25.
rls quarter ending 81 stsDecember,{ how
,yer. showed Il falling of fpf Si5, l3a AS
u tolls. though only Of 3, $50 tons ainl
reig1It,
The report allades at length 70 the rea.
Ian3 which Influenced The board in de-f
lining 10 unite irithe scheme adopted by
ke lGiiatlanooga Conaenlionj III Sovem-
yer last, for Tariff Of through rates on
FOODS and produce. A drawback or
Ibatement from the usual tolls. was.
iowever, allowed in favor of5any partyl
vho might make such An arrangement
o for IS the canal was concerned
s,nna objection has been made that this
'c,ion on the part Of fbe board is a dis
'finiustion against Richmond ia favor Of
be Northern cities. Admitting II 10 be I
! AHEN -~k - n 81