The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1860-04-27


TINE W1GkCYs DsvoRATCH.
The nunssrof the Wsskiy aDispaseA issue'
his morniag eoatains most lauGhabss stor!
entitled sThs Uxsr aad The Frsachman. or How
to Convince 4 Skspuc"- Ramblings in Africa--
Children aad Scarlet Fsvsr-Aa Advsntar'
with Esaulmaux DoGs-Ths japanese at Sas
FraacisoO~euosessa Posssy, ead ~ usaa
editorial, news maties, lccal summary and
commercial review.
Price cent? 1t The counter or cents wheu
In wrappers ready for mailing 70 friends in thu
James River and kanawha Canal Relief
Act Accepted.
We have already announced that, 1T meet
ing Of the janice River and Kanawha Cana
Company, held on Wednesday night, and OF
the private stockholders, \ series Of resoIn.
lions were unanimously adopted accepting
the amended charter passed BY the I.egisla.
ture las, winter, ami providing for carrying
out its provisions.
This important act-the most important
which the Legislature OF virgiaia has passed
for years-which has now been accepted BY
the Company, increases its capital stock to
$i2,Ao0,0O0. II authorizes the Board OF Public
Works to subscribe on behalf Of the State for
7i,oOe shares Of the stock, Isl, i0. ooo.) which
shall DO preferred stock. or this, II, 900 shares
are 10 be taken in full satisfaction Of al debts
dueihs State by the company, the remaining
1900 shares (s2oo OO0 to be paid tor by the State;
the money thus paid to be applied to ex,in-
gushing the floating debt Of the work. The
State undertakes, upon the surrender by the
holder Of any of the guaranteed bonds Of the
Company, to issue to the holder, instead,
bonds OF the Commonwealth, payable 81 years
after date. Che Company is authorized to
borrow two millions and half dollars, at :
per cent interest for the purpose of complet-
ing their canal to Covington, and to execute
mortgages for the same provided that not
nore than s5o0,00O be borrowed in any one
year, and IL required to constitute sinking
fund at the rate Of one per cent per annum for
the redemption Of this debt at maturity. The
net further provides that s3o,OO0 in six per
cent. registered stock of the Common wealth
shall be issued, and placed under the exclusive
control Of the Kanawha Board Of Directors Of
the Company, to be expended in improving
the navigation of the kanawha river from it's
mouth to Loup Greek Shoals; provided that
not more than 1900 of the sum be expended
in any one year. For the pigment Of this
$3oooO0 the State requires mortgage on the
kanawha line OF improvement. If in six
years the Company shall not complete the
work to Covipgt0n, on the western terminus
of tine Central Railroad, without further ap.
plication for aid from the State, all its pro-
perry and franchises shall become the pro.
perty of the Commonwealth
There never has been q measure as auspi.
cious for the future of Virginia rs that which
has now been adopted by the Legislature and
the James River and Kanawha Company
The canal policy, the WATER LINE to tbs Ohio.
VIII be crowned with triumph. and will save
the State. ltwas the policy of G EOR0E WASH
INGToS. aud OF all the most sagacious and
practical minds Of Virginia from his day to
the present DE WITT CLINTON, by u similar
improvement. made the State of New York
what she now is. All experience proves that
the Canal, for the transportation of heavy
burthens, can have no competition. Ohio
gives the vast productions of the West q water
line to the Atlantic, by direct route from the
Ohio to Chesapeake Bay. and q tide of wealth
will be poured through Virginia which will
make even its wilderness rejoice and blossom
like the rose.
The generation Of grey heads, who have Ia
bored and lived for this grand contamination,
may pass away before it is completed, but the
young men, just stepping upon the threshold
OF active life, have before them the glorious
prospect that il their lives are spared TO the
usual duration Of human existence. they will
see Virginia, as she ought to be- the first State
OF the Union in population and in power
Posterity will be better able to paw a hun.
dredtod the debt that will be BEG uea thed to it,
In the developed resources and increased
wealth. which will be prod uced by the improve.
meats for which that debt is created than The
present generation are 10 pay their own taxes.
But the completion of such work as the
James River and Kanawha Canal will dimin.
ish and finally remove all Indebtedness from
the shoulders of Virginia. II is known to be
the only rival for the transportation of
Western products that is at all dreaded by
the New York Canal, over which it has
such obvious advantages. Let the COMPANY
now go ahead with energy, tact and determi.
nation, and they will achieve more for Vir.
GINA than the most sanguine Of her sons have
ever anticipated 1t is not 20 political conyen-
tions, paper resolutions or noisy politicians
that We look for the salvation Of the Old Com.
monweallh, but to internal Improvements
and chief among them this great CANAL, to
the wealth which they create, and the MIaHr.
which alone gives security to the RIaHr.
The Great Inter national Settle.
The last accounts were that the Infant of
Benicia had been bound over In the sum of
nifty pounds 1.-TWO hundred aud fifty dollars)
To keep the peace. The Justice had the polite.
ness 10 tell him that he could not be bound for
any farther sum until he had forfeited the
present recognizance by breaking the peace
This assurance was, we presume, all that the
Baby wanted. He may now train away at
leisure. and all England, backed by the Indian
army and Sir COLIN CAMPBELL cannot modest
him. So far as the law is Concerned, he can
fight in peace, and we have no doubt he has
already done that very thing. Perhaps before
this article shall have been put into type.
we shall have details Of the battle duly dis.
played upon our Bulletin board, at the door of |
the Dispatch Office. Should such not be the |
fact we hereby invite all to attend, whether
friends and scquaintances of the parties or
NOT, and we therein give wider invitation
than IL usual on such occasions. The Ameri.
can public ought to know the name or that
high minded justice Of the peace, who laid the |
bonds 50 lightly upon their infant. He ought !
to be remembered and recorded, with CHAT
HAa end BURKE, those staunch friends of |