Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1860-01-23

resolutions: -. ,,oo,, o;..,,l.,toa
o,n.arniur the views Z. b. Lockwood. in relation
W rho slavery question which, if believed, would
L., nn,.u,nted 4, iniure his standing both rs II tea
cher and citizen -thereiore.
pasnIved lat That having heard his declared
sentiments in regard to the suhje IN question,
s'ra,;a, 9 10 the recent excitement, and the same
having been continually reiterated since that time,
and repeatcd on the present occasion, we have
tnll confidence in his loyalty to the South ana her
institutions.
ID That having perfect confidence IN bin both
~ citizen aud teacher, We do not hesitate 10 en-
: d,rse him Us the former, and extend to HIM our
undivided patronage rs the latter.
The above resolutions having been unanimous
" adoptcd they were ordere | to he published IN
the Lynchbury Irginian and Republican
g. W. BABCOCk. President.
JOHN NJ. McALLlSTER Secretary
J.vrs RIVER AND KASAwuA COMPANY. An adj
iourned meeting Of the Stockholders of this Com.
many was held on Thursday night last oai'hei II.
&. Galmll resumed the chair.
General Tnlialerro from the Committee q lhlr'
teen. presented the following report:
The committee to whom was re'erred '"e "
wort of tn, President and the several ACCOMPANY
ing documents, together with the resolution on tIe
subject If the guaranteed bonds OF tne Nor'n M
yer Navigation Company, have carefully CONSIDER
ed the same and respectfully report:
.That they have been much impressed with
the inheritance of the various matters brought tn
tho attention of the stockholders by the President.
They dearly see that apprehcnsI"ns which have
been long entertained are realized IN condition
of affairs which requires prompt and cfhcicnt re-
me5y or the company cannot long sustain itself.
The prime source of all this difficulty your com
mitee find in the policy which, in 1889. was inl-
tiated Ly the General Assembly, and reluctantly
aJpnted bv the stock holders, of constructing the
works of the company exclusively on Dor owed
capital Superadded to this. have been many cX-
penses resulting from the early policy OF the com
'onv in the cous ruction ct the line to Lyncaburg.
Which having absorbed Il large part OF the reve-
nues. and entailcd floating debt which is to the
last deurce rainful and embarrassing in the adml-
p;>trati,p Of thes company. So far from Intend
inr ccnsure. your committee tecl rather disposed
10 expross sympathy and regret Tor the PRESIDENT
and Directors who have long borne THIS unwel-
come burden aud who, in various ways, have CIV
iuced their disposition to exert their utmost ai'li-
ties and employ every means at their command to
advance the interests of the company and OF Tho
State so far rs connected with the Improvement
"U non an investigation Of the financial ncces-
stiles of tho company, your committee are sntish-
ed that some modification OF the Dill which mas
leon reported to provide relief for the company
i, exnedient They have therefore suggested to
the President to ask an amendment OF that bill, so
that the COMPANY NAV receive $780, immedi-
E,ol, ,r,er tho massage of the act and S4O0 900
IN c;,bt ooual instalments, payable quarterly
therenftcr. commencing on the 1st of April.
sneciaI resolution on this subject however. seemed
o. Le nnnncessary and your committee therefore
rcport on the following, to-wit:
!. Resolved Tint il il unnecessary for the COM
many to take further action upon the first and
second subjects referred to in the President re-
port: =
Q Tha. the company approve the provisions OF
tho hill for the amendment of the charter Of the
lanes Piver and Kanawia Company as eminent
L. n.l.,otad Ia give value TO the present stock Of
he romranv. TO relieve the State in few years
rn,, ,ha burden of having the interest upon the
IaI, n tle comn,ny and Of completing the i'm
,,rra,.ent ,ccnrdnv to the original plan and pur-
J. ,sas af tho State in undertaken. it, That bill
.,h.,ont;oIlv su,h as that reported is demanded
Nv tho interests Of the stockholders and the State
oi,d.;t be urreutly dressed upon the favorable
ns;,,orot;,u, II The General A, scmlly.
2 Thnt Immediate reli to the company from
.lo .n,l,n.r,..n,e,t ,f its floating debt, and tie
nror;s;nn If means for tive construction anl re-
,a;. .Lc vnrks of the company referred to in
tha re,lcn,'s re n.rt, are necessary to the pre-
snrr.t;,, ,rthe sal works and to the use thereof
hv the citizens If tho State; aud the granting
this reGef ia al.p recommended to the favorable
,.nns;Iar.,;nn If the General Assembly.
i That tho nr,nnsition to organize separate
c,m,,nv far the imnrovement of the kanawha
river IL in eject a nr"pnsitinn tn abandon the
corn.c,;on If tho tide xatcrs ,I Virginia and the