Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1860-02-06

l. Estimates for work on the New Canton bridge, Bo
shets dam Joshua Falls DAM and the North river i'm
provement
The aggregate of these several arrearnges on the SOh
of September last was $ss,374 80; making the "loa
ing debt that day S42s 932 49, and it has not varied
materially since.
In addition to the foregoing certain bonds of the
North River Navigation Company which were issued prior
to the act Of Assembly authorizing the transfer Of the
franchises of the North River Navigation Company to the
James river and lKanawha Company has been guaran-
teed by this Company under the authority OF act
passed March 9th 1883 In pursuance OF this act
ments have been entered into between the two compa-
MES. whereby the James river and Kanawha Company
pledged the tolls to be received by it upon the tonnage
passing to and from the improvement OF the North River
Navigation Company over and above the of FIVE
thousand dollars security for the payment of the in
terest and redemption of the principal of the loan.
has been appointed to receive and apply the tolls
pledged The whole amount of bonds issued is $780,
O00 which six per interest and five per cent for
a sinking fund.- making 1922 900, annually paid in
semi annual instaments but the trustee having invested
the sinking fund and the semiannua interest upon the
in these bonds there is outstanding held by
others than himself only the of sl6OS7s. There
due to him the first day of January last an install
ment of eleven thousand dollars which is unpaid
The large average above reported has grown out OF
disasters upon the canal proceeding from eshes and
other particularly the very destructive freshet of
May, 1881 which the Company could exercise
conro-eItraordinary expense and repairs which
either unavoidable, or in the judgment of the Board of
Directors called for by the best interests of the
Company-and diminished revenue resulting from the
competition OF rival lines. In passing il may be well to
observe that there is included in the expenditures for
ordinary repairs" the of rebuilding seventeen lift
locks and hirtyeght bridge abunents which the chief
| engineer estimates at $l44 900.
Your petitioners make complaint of the Legislature
for having established lines of Improvement parallel to
theirs. They merely state the fact that the Danvile
Southsde and Central railroads active competitors
for considerable portion of the trade of the canal and
that there has been consequent falling of in the
nue., which has contributed largely the financial
barrassment OF the company single fact will verify
! this statement.
! The actual tonnage conveyed on the ca
! nal during the fiscal year ending the
SOth Sept, 1858, was 2Sl ,OS2 tons.
For the fiscal year ending the Soth Sept,
1859, it was, 200 29j tons.
Loss in tonnage, 24,7S7 tons.
The amount of tolls on tonnage for the fiscal
year ending the 3Oth Sept, 1853, was s27S,SOS 45
For the fiscal year ending the SOth, Sept,
1859, I72,sl9 90
Loss in tolls on tonnage, slOS,95s SO
! The amount OF tolls on passengers for the fs.
cal year ending the S0.h Sept, 1858, was 100 Is
For the fiscal year ending the S0th Sept,
1859, 2,l25 40
Loss in tolls on passengers, S3,064 Is
Total loss in tolls SCOOPS SO for one year. compared
with the received in lS53-or Gig per cent
while the loss in tonnage has been quite twelve per
cent.
In this state OF things the company is unable to pay
its current expenses, and at the time pay the float
ing debt due and it shall become due and incur
other and heavy expenditures which to be called
for by the best interests OF the Improvement
report from the Chief Engineer is herewith submit
ted (No p and prayed to be received as part OF this
memorial showing the dapdaed condition of some of
the mechanical structures and the necessity of immed-
repairs. in order to prevent most serious
quences This report is but 4 confirmation of many sim
liar statements from the Superntendents of repairs
the first and second divisions of the canal and the
peted portion OF the North river improvement. The
sum of all which it, that there is admitted danger of an
almost entire interruption OF the trade OF the Ue.er
tauly of the through trade-and DANGER s.o of inter
rlpdng the supply of water for the Of the city of
Lynchburg.
To give some iGea of the Importance of this line OF
commercial communication incomplete as it is, ana sur
rounded by many adverse circumstance the follow
ing statement is appended showing tie quantities of the
principle articles conveyed the canal during the last
fiscal year
lsl8$ hogsLeads of tobacco,
1873 tobacco STEMS
57Isl boxes Of manufactured tobacco
l04 43i barrels OF -four
723 40 bushels of wheat
l2S65 - " corn,
- a,ts
~ ~ to,s 81 ,;.. V ;.o,
Jan - g h r'9 Iron
15g " " castings
2O.787 " coal
Tulj stone.
in-2 .. " conner orc
an " q" bar and nig lead
sii; C plaster a' ter. P'5 ''''
& 20g ruano
22G g dried fruit
2ll3 barrels Of apples
o. 5s6 sacks Of salt
cd; b,rrels nj fl.
II YVa tors NJ nails
M al ,-o,.bl, ,lo &c u a. H.
ovevo5 on ba canal 5nTng tbe aaoe nerod cI,.6eJ
S 80 81 r,nnractrcs and If ,nercb,nd;Te oener
- - y, C,ro,ys.
|'pel,a.s WEIGH, VsIre
Forest l0j,045 $50 bs. 1884, $40
Agriculture l09474l6l 42l7,3l0
Mines l04 9963l9 43l O4s
Manufactures 25479llO 274OOll
Nsrcb,n1iza 81 Els 100 IL g35 2Og
Total weioht 2O6 2e5 tons
Tot,l nrobsbe value sol 65s14Q
,i.;;. , iii, .L - H.; H. r.
IL o, i-..4 10, ~, ,b lac, rr,,aI -onor,, 81 ,to
D; na,o and 1,n,ia The yrginis CertraI tho p.b
.l,d and P.tcrsbrrg and the Rirbmond Fredericke
G, and po,op,,c Railroad Comn,nies the nunncr NJ
os Of sibt tr,nsnored on those road, resnectiyeI,
5,,ri,g the neriod of one wear was a. follows:
n,,y;lIa 57315
Can,rai e1I7T
0Si so 30
rsNJarjcLShurc 7oI
Total on r "a. na1ins .leiI terminal
uePoIs Il. n'O'y'' VIZ" " "s5''s" ooo roo 49,.
Ien6"' VI '"' . 'i''- ''
Total as before sr'eI' on . !le ettal, ntSa