Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1860-09-18

THURSDAY August 80, 1850.
The Stockholders met pursuant to adjournment Mr.
Myers rssumiug the chair.
General Taliaferro chairman Of the committee OF
thirteen informed the meeting that the committee bad
fully considered the subject referred to them and had
authorized him TO submit the following
REPORT:
The committee to whom was referred the e1eeutory
agreement signed By Ernest dc BeOt des Minercs for
himself and his associates acting under the style Of Bel
lot des Muieres Brothers aud Company, by Thomas H.
EIis President Of the James River and kinawha COM
plny on behalf Of the Board Directors OF that compa
nv and by Alexander r. Holiday President oil the board
of Public Works Of Virginia in behalf Of the last men
TONED hoard together with the amendments proposed
bv the Board Of Directors Of the James River and kanaW
n, enmpany. and other amendments proposed by the
said Ernest de Beot des Mineres to the same, have duly
considered the subject presented these documents ana
beg leave respectfully 70 report;
That regarding the subject as one oil unusual interest
and importance they deemed il their duty, in the hrst
place 10 satisfy themselves as 10 the character oil DE
Bot des Minieres aud his associates and their ability
10 comply With the agreement proposed 70 be entered
into bv them Upon these pO,nts the committee take
ie,srs In stating that Mr. Ernest de Bellot des Min
eres appears 70 be accredited in unqualified terms as
gentleman Of worth and responsibility, and that the as
soc,ton Of Belot des Mnieres Brothers and Company
j. composed Of gentlemen possessing great influence So
cial'y, politically and financially.
The committee feel some hesitation in referring to cor
bu, which 10 their view they could not receive without
being authorized TO communicate them to the Stock
no ders in general meeting; and as many OF the letters
were Of a private nature or else so connected with
facts and eircums that they could not be sepra-
ted from their connection, and the official documents
supporting them without detailed explanations, they
deem il sufficient 70 say briefly, that the impress
sion produced BY them was favorable to the scheme
IN hand Referring to the exposition given by the Pres-
dent in bis opening address to the stockholders for the
principal facts attending this negotiation, the committee
submit herewith a translation OF an Official document
from, the French consul in Richmond, which has been
placed at their disposal and which would seem 70 DC
conclusive on the important point that the undertaking
proposed bv Messrs Beot des Mineres, Brothers and
ompanv has the patronage and support OF the Frencn
Government That the Emperor OF the French shoula
SEQ great advantages for his empire in connection viii
his scheme does not surprise your committees nor can
they fail 70 recognize still greater advantages Tor our
own State.
Il has long been apparent that many and great adyan
tsges would result to the people OF Virginia, ana al
Others interested in her welfare, from the competitor
pnoB a large and comprehensive PLAN OF WORK Whlct
- bsen rejected and thus far carried on, by many
her mos. patriotic and distinguished CT liens. Some o
thsa advantages would be found In the connection ol
An unbroken line Of navigation OF many OF her prineia
rivers in the development OF her agricultural and mn
ral wealth in the improvement OF her wild Anas lyni
vest of the Blue Ridge and Allegheny range OF noun
in in the increase in the value Of all her lands, Wheh
err lying Immediately on the line OF the James hver an
K,nawba canal or brought within reach OF the iacle
.g,rded nv h in the intimate and friendly union DC
tween the western and eastern parts Of the State "hic
must be produced BY such link Of communication !
the enormous tide Of products Of western industry Nnc
viii dow through her bosom and be Distributed 70 ne
own people as FAR as needed and TO the people oil otne
states and countries BY transfer from Der waters IN IN
great water power which will be obtained, and Snie
would be sufficient 10 prOpel machinery that EouiG CIV
enployment 70 thousands in building up and es'aohsu
inc the commercial Independence Of Virginia; III en
~ Ter cities Of her sister States in promoting dlreC
trade between Virginia aud France which has already
baDny commenced and which promises so much LOT 70
futurs in establishing in like manner direct trade o'
tween Virginia and other foreign eountres IN incre1
ing the public revenues BY increasing the wealth o. ~
Stste; aud in making Virginia what her geographical Pc
SOn, her climate, SOL natural resources and historic