Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1862-10-28
ANNUAL MEETING OF THE JAMES RIVER
AND KANAWHA COMPANY,

AND KANAwHA COMPANY,
The twenty eighth annual msstiug Of the stockhold-
es Of the james River and Kanawha Company was
held, yesterday, at the o~onpanJ's ofacs, in this city.
The meeting was organised at half past IL o'clock, on
motion Of Mr.. P. 3. Gratan, BY the appointment OF
| Gen. Joseph z. Anderson Is Chairman, and M. W.P.
Munford a. Secretary.
Ths number of shares represented, In person and BY
proxy, was lo,6s7-numbsr necessary to constitute Q
quorum lo,426.
The President Dol. Thomas q. Ellis, presented and
read the annual report Of the Board Of Directors.
The report commences With 4 reference to the "deso-
ladng war COMMANDED By the Government at Washing,
ton" as tho cause Of the diminution Of receipts during
the past hscal year. The Dock receipts were only y .ss9;
aud the disbursements 81 200. The operations on the
Canal In repairing damages ~occasioued by ~freshots, etc,
and the difficulties encountered in prosecuting the work
are detailed at somo length. II Is mentioned as . GU.
rious coiuoidsncs that "the memorable foods in james
river have been ms,kad by Intervals of Ave years-for
example, thole Of ls47, 1889, 1851, ani 1862. TIE
last, Occurring on tie An of Jane, was nearly equal In
height and volume to any that has happened sinos the
canal was built, AID, II not the highest, was, In its extent
Of damage, the most oslami!ous that has yet bef,len the
line" The Injuries from which the Company and the
community sustained the greatest inoonvsnienos con
sisted OF a breach q! Daniels Island, near Lynehburg.
and Of distractions formed In the channels Of the ponds
and canal at various points In the second division. Tue
Iep0r. expresses the surprise Of the board tina! % much
difficulty was experienced in obtaining anything Ike the
rqlisite force fer promptly repairing the Canal at
Daniels Island, though every effort was made BY the
executive and other officers Of the company, aided by the
Confcdsrste authorities, as shown by the reports Of the
Chief Engineer. In regard to The second form Of injury
from the fresbet 1t seems to have become developed 60
an uuWelcome fact, tina. hereafter the navig '.ioa of the
second division must be kept opm by the slox process
| Of dredging. TIE rspor. says on this point,
Az this time, the steam dedgs and two horse power
machine are fully and efficiently operated In removing
Distractions; one other 10 being repaired, and will sooD
DO 10 operation also and the board have directed two
| rev machines, with one additional Ia boat for each ma
| chine already on that part CT the line, 10 bs built With
| the least practicable delay. While, therefore, the nayi-
CATION Of the cana from Lyrohburg to Buchanan Is not
20, entirely opsn FOR fully laden freight boats, the Board
| OF Directors hope aud bl,eys that !. will be thus open
il about a fortnight, and tia; when the channel has been
once Gu; sufficiently deep, IL can and will be kept free
from obstrucdons, except for very short periods, with
the ample appliances coon TO be provided. Is one OBJ
e%tructior Is tQuAl to mAny in preventing the passage OF
a boat reQuinng q csrlsin depth Of waller, and as all the
| obstrrci ions have not bean ye. reached by the operating
forcss, boats only bali laden are now passing on the
second division. Tao PACKET boats have been TunniEg
with bat slight dstention since the water was Let lnto the
LJnehburS LEVEL
The disbursements on accoun, Of the ospal cIcssdsa
the r,oelp.s GA. $50 Ills exosss VAS piid on. Of means
\ provided by the L'gsli;ure for the repairs Of tho canal.
Tae tolls Of the ysar have no. quito tqlsIsd In amount
thOss Of the preceding Asol year, and are almos. eIac.
II one half lsss than they were for the year ending the
| SOh September, 1860. The diminutloa OF receipts h
asoribsd not only - the state Of trade growing out Of
the war, bu; in part to the serious Interruptions of the
navigation slssAdy aiVsrtsd 10, and also 70 an insuGh
| Gent number Of boats TO the businesg Of
tie community. Toe Government has organised Is own
| ae Of transportation, hawks purchased or Impressed fer
that purpose some twelve or thirteen Hrst-OlasI boats,
heretofore open to the uIo Of the public. With the view,
however, to encourage thu builiing OF boats, the Gov
srnusnt, upon the application Of the Company, hGsau.
thoris,d a declaration that 1. will not impress any boat
built within a specified time; and has Also detailed from
tho army a United number OF boat builders. Tie Ave
boat yaIdi upon the line are now fully employed in
buliiag and replElDg boas.
The new tart OF tolls went Into operation on the LIST
Of October, and the re,usns from the toll oaists since
that da:s Indicate a handsome Increase in the receipts -
Ia coasJq lenc, Of the greatly enhsnoed COS, Of living,
he B,sri hSvS recently increased the salaries Of al the
ctassrs, eI,ep; the President aad Secretary, an average
Of about twenty per cent. TIE death Of Col. B,ndurant
Il thus referred to:
"Fhs Bos-d greatly regrs. TO announce TO tho stock.
holders the dsaih Of 6 member Of their own body, WHO
was By may years the senior member Of ihs boIrt, and
who e-joye5, IN "a eminent degrse, the confidence, re-
spec. aad estoem net iss OF tLoss who were of1sislly as
aociStsd with hin than of the entire community. Col.
Boadur1at was elected to oil the second vacancy t5at
- II :. DID, Il NJ. - A. no
OF January, 1885. F.om that day 10 the period Of his
death, he VAS one OF The mos. practical, puncual, zsal-
Gus aud ulefll rsm5ers Of the Board, bringing 10 the
discharge Of his duties an excellent Judgment, a varied
! public experiences, oaudor aud Independence 10 the for
nation and expression OF bis opinions, aceompinied by
courtesy aud conGliiAtio1, aud The highest moral in.eg-
riJ.
To sucply tbs vacancy created BY the dc,th Of Col.
| Boldlrsnt % 4 direO'o-. tbs B ard unanimously elested
William Il. Ps.kins, Esq, OF Buckingham county"
Tie operations OF tho North River improvement ere
neI. referred to, and regret 10 expressed that tie
hlanoes OF the Company have not enabled them to pay
puuc.uIly tao iatsres. aud sinking fund upon tho guar.
a1tsed bo.dI OF the North River Navigation Company.
l. II announced as the wish aud intention of tho B1ltd
to discharge III, inieres: AID principal Of tbs North
River guaranteed deb as i: stall become due whenever
the finances Of the Company will pcrmi. them to do SO.
The condition Of tho Klaavha turnpike road Is de-.
| scibel. Only two out Of the whole number OF gate
keepers on this road acknowledged allegiance to the
"Pisrpont goverarlaut," which had appointed commits
sio- ers 20 take charge of the road whiio il was In the
occupation Of tAe eaeny.
The BJari have no off ,al Information in reference TO
tbs X Al, VIA liver improvement The work upon the
sluice navigation Of the James and Jsok'oa rivers from
b lch,nsn 70 Covingtoa has b,sa dslayed by The lmpos
sibll.y OF obsllulng tn, req ilste labor, powder, fuse,
90. A contract has bssn recently msds with the pro-
prieor of the Clifton Forge property foE the repair of the
dam aud locks a. that place, and he is now prosecuting
tie work.
A synopsis Of the rcceip:s Snd disbursements OF toe
company shows the following results: Receipts from