Kanawha Valley star. [volume] (Charleston, Va. [W. Va.]) 1856-1861, 1859-11-21


Iitpropet 10 apply the revenue arising from
the works. 10 thepdirect improvement OF
the river. FOR The plain reason that such
an application would diminish to chat ex !.
tent. the: fund 10 which the purchasers Of
the bonds would look for the payment Of
their accruing Interest,". But when Il be-
came apparent that. no Loan could Is ne.
go.isted before the ri ~ July then near
Eat hand, the Board thought il their duty
TO resort to the revenue arising from the
works. and 10 apply il. As far4as j, would
tgo, to the accomplishment Of the object,
which the Legislature and the stockhold.
Eers both desired-lhe Improvement of the
Kanawha river. .., i.
The Board intending to make this ap-
plication, aslsoon rs lie condition Of the
river would admit OF its being made, IN
structed their President pro tenn. to adj
tdressa letter. meanwhile. to the President
Of the Company on the subject. That let
ter was written and mailed on the 25tli oE
May. and at The june meeting. no reply
having then been received from the Presi-
dent Of the Company, the, Board passed
the resolution ofihstructieasto Mr.. Byers,
above referred to. copyof which'is here.
with communicated. tx
/ In accordance with those instructions,
and upon consultation with the Board,
Mr.. Byers selected Red House shoal, the
worst shoal upon the river, as the shoal
which he would FIRST improve. He pro-
ceeded at once to FIX and line out the
new channel. employ hands. and collect
materials sad tools for the energetic
prosecution of The work. but before he
/ was fally prepared to commence the ex-
EcRyaliop, there occurred rise in the KA-
nawha river, which Of necessity stopped
The further progress Of the work, for the
time, and before the stage of water in the
river wouldpermit him to renew his ope-
rations at that point, the Board received
la letter from the President oEthe Compa-
my, informing them, that 10 the opinion
of the Eastern Board, the Kanawha
Board had not the right Of itself. to apply
the revenue arising from the works d.
rsctly to the Improvement Of the river,
The Kanawha Board could not Of
course, permit this opinion Of the EastF
ern BOARD. to outweigh with them. the
resolutions Of the stockholders under
(which they were acting, and theEefnrs
determined to proceed with the work.
/ But il having been represented to the
Board that the boats and tools in their
possession, were not such az the eharac-
| fer Of the work 10 BE- done required, i
was deemed advisable before proceeding
further with it, TO, purchase dredge-
i boat, and the Board, st its August meet.
Ling, passed resolution instructing the
Engineer, Mr.. Byers, ''to procure a steam
dredge-boat, on the best terms possible,
at a cost. not exceeding $4,000 with a
| view to the more speedy Improvement oi
the Kanawha river" It was known II
the time this resolution was passed, that
this boat, il purchased, would have to be
purchased for the most part on credit,
and the payment Of the deferred install.
ments secured BY the personal guarantee
Of the Individual members of the Board,
| which they were willipgsto give and look
to the tolls for their security. But JUS
as they were preparing to send Mr.. Byers
| to make the purchase. (he bad already
been corresponding with parties ii refer.
enne to Il, j they received copies Of sandry
resolutions passed by the Eastern Board,
accompanied by q circular letter from
1.-THE President Of the Company, informing
them that the Eastern Board would n6
i longer recognize their official existence
/ and had instructed him toaresume ths
control of the Kanawha river. ~
II The Kanawha Board did mol feel itsel
nj liberty to obey these DEGREES of til,
Eastern Board, aud respectfully declinet
Ito d. 60. Copies Of The resolutieas o
| the Eastearn Board. of the circular i isfl
Of he President. and Of the resolutions
Of ths Kanawha Board ID reply, are here
with communicated. IL
The Kanawha Board also comnunicat'
10 the stockholders the report cftaW. ]
Rand, Esq, collector Of tolls at Charles
ton. Il will be seen by references 70 II
that large proportion, mora than one
half u the tolls for the year are returned
: delinquent. IN reference TO some Q
these. IL is proper to say, that the collec
|, tor informs the Board that the parties ar
ready. to pas. whenever the money j
needed for the Improvement of the river
and can be so applied, but hays thoc,Agh
Z. hnttn 40 ,at q 4, li, khaiY 4, NJ