Daily Richmond Whig. [volume] (Richmond, Va.) 1865-1869, 1865-10-24
169l35 05


We invite attention now To portion of the report
Of transcendant Importance, not only to the COM
pany. but to the State OF Virginia Under the head
Virginia Canal Company" the report says
The stockholders have been heretofore informed
of the continued interest manifested by MessrS. BEL
lot dcs Mucrc-, Brotte!s and Company, in the even
tual execution OF their scheme for the purchase, Ell
lar.emrnt and completion of the canal. Iheil cor
rcSpnndcnCt with The President was kept mp at inter-
walls throughout the and immediately attcI ie-
ceyng intelligence oi the surrender oi the C"niede,
rate arni.,. and the probable speedy rsIhc"uon OF
the country they wrote claiming strongly what tity
REGARD n their rights under the pros slonal agree
ment of tie inst OF September. lotU. They allese
that their failure 10 organize the Virginia canal COM
panV IN the manner IcqU,Icd. and 10 commence upc-
iat!Ou- within the time limited Gy tie charter was
due 10 the fact ut war over which they hld no con-
troll and Tor which they ought not 10 lie held espon-
,ible that the state OF Virginia virtually one OF the
rlte- L. the contract by her own act al engaging IN
war had pat out OF the power OF tie other contract
mo party 10 comply with their engagement and con-
sgiuently that this SHOULD work no forfeiture Is to
them and that being DESTROYS aud ready now to car
~ out the undertaking, they ASK that The Legislature
promptly grant those notifications OF the charter
of 1851. which they claim In he only IN accordance
with the provisional agreement, Immediately after
which they pledge Themselves 20 organize their Com
pauy. commence the work. and complete II within
the time originally proposed. adding the time lost by
the wal After than one letter of this charac-
Ter had been received by the President Mr. Paul tile
French Consul for this city, called on the President
and officially informed hun that be was instructed
by the Minister of Foreign Affairs 10 make known to
hun that the moral support formerly accorded 10 the
canal scheme Of MesSgs. BeilOt DIES M!niereS, Bro
theirs and Company, 10y the Government oil the En-
peror. was NOT Withdrawn; and he added that he
was advised Lv q letter from the Marquis lie Montho-
Ion Minister of France al Washington, that lie also
had received instructions To give to tins scheme all
the moral support compatible VIII thc re
81
dent then waited upon the Governor Ul var
.iu.a aud informing Inn Of these tists beSEed
10 be apprised OF his views upon the snDJect' Inc
Governor gave his cordial approval to the scheme
and authorized the President to say to me parties on
the other side that he would recommend tleT pro-
posals the favorable consideration OF the Legsla,
tGre whenever they might desire il; he considered
that further acton on tie pant OF the Legislature
was indispensable TO revive the charter and presumed
that action would be necessary, likewise, on the p1t
ct the Legislature of West Virginia. The President
has communicated with the Governor Of West Viz
gnia, inviting his consideration Of the act ncolpo-
rating tie Virginia canal Company, and desiring to
be Informed whether or not lp would be Wiling 10
recommend it, with such notifications he might
think reasonable and proper, to the favorable con-
slderaton OF tie Legislature OF that Stata but no
reply has been received
The Board deem il Just and 70 the interest of the
Company, 10 revive the subject at this meeting not
doubling that the Stockholders will consider them
selves bound IN good faith. 10y their former action,
anu ttd' 'i'} WIZ reddlN consent 10 renewal oil
the charter heretofore granted. with such mOdiiica
tons Is may commend themselves to the wisdom Of
the Legislature, provided the amendments be not
inconsistent with the main features of the eXecutory
agreement which authorized by them to he en-
tered into as the bass of a chatter
EXTENSION OF CHARTER.
The act ITO amend the charter of the James Riv-
err and Kanawha Company" passed March I'D,
1860 which authorized the conversion OF the debt
then due by the Company into stock, contemplated
the prosecution of the Canal the unaided credit
of the Company, and provided that in case the Com
pany shall not complete the Canal TO CovingtOn, or
the western terminus of the Virginia Central Rail-