Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1859-10-31

,yer and Rsehanaa 10 IL attracting attention. and
.as. Is -eak ing investment IN u. Since the hrsl
week in September. when the hrst shTmen, was
made. 10 the present time. including the snspen-
sion of navigation, which resulted irom TIE casu.
atty on the 9th Of Sept. about 420 barrels have
been received at Richmond by tho canal. shipped
hence to New York. and thence tn Europe.
On the spu'h-sla connection, the receipts have
been S3ss 15 the disbursements for insurance
$3.50. TOR superstrueture ofthe New Canton Bridsc
81, l75 43.
j On the Blue Ridge Turnpike road mud ferry, re-
ccipts Sls2 50, Disbursements, S6lb -.
The Rtsanna connection sustained damages ny
the September lrcsher. lut not al n serious chnr
acter 1t il much 70 be- regretted that the improve
,neni is not completed 20 Charlottesville.
Tie financial statemanis Of the secretary show
the entire rcceiptc md disbursements OF i'c com
pany for the f-cal year to have teen a- foii"ws:
Receipts. S3S0,5j2 81. Disbursements. s3jo2io'
-. Balance, 31tl Of September, 1879, s-o'2s''.
%
With regard to the oiEers from an association of
French capitalists, namely:
lst T. buy out the works, property anu iran
.h-cs lthc company, 80 that they and their ass
c,tcs may me the 7uccess,,rs of tho james Hi
W, snl harawna Gem my, cu wing al! itT right"
and privileges. and bonol by all its nh!ignions.
"a The lease for a term. or rs perpetn'ty, the
" rks If tito company. finished and unfinished,
charter aud plans oi the company.
3rd f. loan mn amount ui capital upon ade-
ounic security. Sufficient III complete tho improve
ments to the Ohio river.
An. To undertake ~ contractors to complete
the work. receiving IN payment the bends oi TIE
company satisfactorily secured, the usual form oi
contract being observed, with full right ct con
tract on the part Of the company by It's oihcerS
and agents
The B,ard can only reply that the company Is
not in condition H. act without The previous nrcoi-
current action of the Legislature. Nevertheless
Hoy nrc brought to the notice Of the stockholders
Tor such action Oh their part Hs as may be deemed
proper
The report closes a. Euilows;
Without OBTAINING the stockholders by argn
ucnt- or statements of facts and circumstances
with muny ol which they ARE unhnpplly too
familiar, and trcsuming that the Legislature
means 10 prosecute an improvement which prum-
ses whrn competed. =" Iull and rich n return Tor
all that has been or can be reasonably expcnd"
npon IT. Misunderstanding that the interests. public
,nd priycte, which are seriously affected hy the
orr.enf exhausted add hurdouni condition Of tn
.ompany. ought t. lind relief, III some ja-t and
pru,cr FORM ntths hands Of the representative ii
he prorlc die board recommend That Application
be lnadc 10 the next Legislature FIRST tapay the
interest due. and which may hereafter become
duo. IN cr.r Of G,f,nlt hy the company. up1n The
guaranteed bond. Of the company. Sreonl, To-
'uu thr floating debt OF the romIauy. ur h make
prn :,ion for dl.clnrsing it. THIRD t, aprropri.
~ a sum sufficient TO complete the canal L. Gov
.a.tan. Fourth. to appropriate sum sufficient
b. improve the navigation Of the kana"'n Gifrr
.f7m II. tnourh to Loup creek shoals. flit", t.
n,cr the debt duo by the company to the S'at",
md that tr which the STATE is liable into Stock.