The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1866-10-25

i
past I O'Clock, In the Office OF the Liver
pooiis sod London Insurance. Company4-
Colonel Henry G. Cabsll In the chair.
j General Taliaferro, from the Committee
Of TxSfve, 10 whom wasfeieffed the report
1 Of the President and Board Of Directors,
| stated that after two days Of very labori-
Gus investigation they hGd determined TO
recommend the adoption Of the following
resolutions: alas..l 81 ss7ngoe,.
l. Resolved, That the Board Of Directors
be instructed to apply to the General As
sembly to amsndthe present laws:
II First. So as to require all railroad and
canal companies to publish and keep pub
lished their rates for freights and tolls, and
TO prohibit such companies from altering
said rates except upon ten days public
notice. 6ho
Second. So as to prevent any railroad or
canal company from making special con-
tracts for carrying freight at q less or
greater charge than is fixed by their pub
lished schedule.
l Third. So as to. require foreign freight
transported over the railroads or canals Of
this State to pay such rates for trans
portation or tolls as local freight is re-
quired to pay for the same distances.
2. RESOLVED, That the President and Di-
rect0rs be instructed to fix the tolls ON tho
. following articles ct not more than the
amounts herein stated, to take effect on
the 18th day Of November next, to wit:
Articles at two cents per ton per mile
Agricultural implements, bacon, bagging,
beef, buckwheat, butter, coffee, corn,
feathers, Ash, -four, ginseng, hemp, hides,
lard, leather, molasses, oats (shelled),
pork, roots, rope, rye, sugar, tobacco (of
all kinds), wheat, wool.
| Articles at one cent per ton per mile:
Iron (bar), lead (pig), nails, potatoes, salt,
stock Qive).
Articles at half cent per ton per
mile: Axles (railroad), billets, chairs
(railroad), forage Qong), guano, hay, head
ing, iron (bloom, pig, railroad, and scrap),
oats, ore "copper", phesphates,A plaster,
spikes (railroad), slaves, timber (un-
dressed), wheels (railroad).
Articles at quarter of cent. per ton
per mile: Brick, lime, limestone, manure
stable and street,, marble (rongh), ores
mot designated), oyster shells, slate, stone
| (rough.)
Cotton, twenty five cents per bale for all
distances.
8. Resolved, That the president and di-
rectors, with the view Of increasing the
facilities for manufacturing along the line
of the canal, and Of increasing its reve-
nues, be and they are hereby instructed to
use such means at their disposal as may be
SO used, or make arrangements with or
through others to increase the supply of
water at proper points SO as to furnish
additional water power.
| 4. Resolved, That the unavailable
drafts, notes, &C., chiefly Confederate cur
rency," referred to in the financial state
ment of the President and Directors, be
charged off to profit or loss, or some other
suitable account, and settled as speedily
and as far as possible in the present cur
rency.
S. RESOLVED, That hereaftera statement
of the receipts and expenses of the COM
pany for each fiscal year beginning the LIST
day of October, instant, be furnished with
the annual report of the Board Of Direc-
tors.
| 6. Resolved, That until the further or
der of the stockholders the annual meet
ing of the company shall be held on the
| first Wednesday Of November in each year.
| Z. RESOLVED, That the Legislature be re-
quested to amend the charter of this CON-
pany so as to authorize one-fourth OF the
private stockholders and the State to con-
stitute quorum in the general meetings
| of the stockholders of this company.
| s. RESOLVED, That Messrs. Bellot des Mi
nieres, Brothers & Co. have until the 2sth
day of December next to comply with the
terms and conditions of the charter granted
by the States of Virginia and West Virgi-
MIA for the incorporation Of the Virginia
Canal Company.
9. Resolued, That in case MessIs. Bellot
des Minieres, Brothers & Go. fail TO conf
ply with the terms and conditions OF the
said charter within the time prescribed by
said act, the company will proceed to CON-
plete the canal to Covington upon its pre-
sent plan. ::
Q. Resolued, That the President and Di-
rectors be instructed to apply to the Gene
raj Assembly for authority to borrow, from
time to time, or at one time, such sum or
sums of money, not exceeding in the whole
the sum of 81, ,000, 900, upon the property,
franchises, aud net revenues OF the COM
pany, for the purpose Of completing the
improvement to Coyington, paying off the
floating debt, and putting and keeping the
present works in repair.
IL. Resolved, That it is inexpedient that
a committee be appointed to inquire into
the expediency of leasing for term of
wears the James River and Kanawha Canal,
with all its rights, franchises, and appurte-
nances, and report to an adjourned meet
ing.
The committee submit herewith acom-
munication addressed by Colonel Henry
G. Cabell to the President and Directors
Of the company, with an endorsement by
the Board of Public Works, containing
suggestions on the subject Of q tariff. OF
tolls, which they recommend to be pub
lished with the proceedings OF the stock
holders ct this meeting. -
The resolutions were taken up for con-
sideration seriatim.
General Taliaferro stated that the third
clause of the first and second resolution
of the series did not meet with his indiyi-
dual approval. si,.k -
Judge Ould, who said he offered the
first resolution In the committee, replied
TO General Taiiaferro, and urged its adop'
tion entire. -,
Colonel Evans asked why It was thai
4 there was any difference in freights fol
4 different points on the canal!
mr.. Grattan replied thatta barrel O
fiour, for instance, that was carried only
lfity miles could afford to pay more pei
mile than one that was carried l60 miles
Il The first resolution Of the series wa,
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