Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1862-10-28

Experienced In the councils Of the Sate-the presid.
ing magistrate Of bis c~ouuty-wsn known TO the com
munity at large, and commanding the confidence OF all
entering into the spirit of the men who ptj cted this
great improvement, and for the long period Of twenty.
s1 years b~estowing upon 1t, Is Q Director, the fruits Of
bis Judgment and erperience,-he thus Afforded an ex.
nipple worthy of commentator, which the Committee
~rscognlEs with Q pleasure chsstened By bis death.
The Committee approve the recommendation contain
ed In the resolution Of the Board Of Directors In rela-
ton to the salaries Of the President and Sscretsry-and
to carry the Same out, recommend the adoption OF the
accompanying resolution.
AL which Il respectfully submitted.
R~ssslvsd, That the salary Of the President shall be
three thousand dollars Q year, and tina. OF the Secretary
shall be twenty Ave hundred dollars q year; and that
they shall be paid at thess rates from the frat OF January
last.
Toe committee to whom were referred the report OF
the Board of Directors and the accompanying docu'
ments, have carefully considered the same, and respect.
fully report:
That while they and in the report and accompanying
documents much to engage the interest and attention o,
the Stockholders, there does not appear to be anything
calling for special Instructions to the B BARD.
In the opinion of the committee, !! ia indeed greatly
to be regretted that the works Of the company should
have suI.ained such serious damage, that the navigation
should have been so lopg suspended, and that the reve'
rue should have fallen below a s;andard necessary to
keep the Improvement In Q state Of thorough ehasisncy
and repair.
From she facts stated In the several reports, II IS clear
that this condition Of affairs results principally from
causes over which the B 1ard Of Directors and the officers
and agents Of the company could have had no c,ltrol-
Nevertheless, in view Of the magnitude Of the interests
Involved, the committee deeu it proper to ePjoin upoi
ali concerned the utmost vigilance ard activity in admin
istering the sfiirs Of the COMPANY, and putting and
keeping the canal In the best possible condition
/. ia gratifying TO note that the importance of this work
has been recognised on all hands, a. perhaps the
mos. critical period II our political history, aud that its
contributions TO the cause OF our State aid the Oonfed
crate independence have been neither fsw nor sual.-
The G government Of the Confederate States has afforded
the ccmploy every facility snd ~sssist,uos that couli
reasonably have been asked. Toe company on It's part
| should omit. no effort to aid the Government in Q war TO
which the peopls Of the South are devoing everything
they hold dear.
The committee approve the action Of tho board In
raising the tsrif Of tolls; the advance In the price OF
every srtielo used by the company rendering a corres-
ponding increase Of la rcceps necessary-and the
high pri:es Of all articles transported on the canal JUST
flying d proportional charge for transportation and toll.
For the sem reason, the committee approve tia nc
ton Of the board in raising the sAlaries OF tho ofi,eFs
and employees Of the company generally. In this, the
board have but seed az tbs government, private cotpo.
ralioas, and other Internal improvement companies oil
the Safe have done. II is just in Itself, c~oniormab!et to
all the rules oppic BILE TO labor, and ~e2psdisn! In order
TO retail or securs the services Of com pstent agents.
The rsport sad accompanying resolution were unani'
mously adopted.
Dol. TaOs. II. Bis WAS then unanimously reelected
President, Aud Hessrs. w. Fl Perkins and d. J. Barr,
Directors Of the company, after which,
o. motion, the meeijg adjourned Rms die.