The Daily state journal. [volume] (Alexandria, Va.) 1868-1874, 1871-11-17

tion in Regard to the james River and
Kanawha Canal Company.
The Council met at p. M. yesterday,
with the following members present p.
II. Starke, Esq, president, and Messrs.
Anderson, Scott of Clay, Chesterman,
Strauss, Wynne, English, Wagner, Davis,
Isaacs, Scott of Jefferson, Whitlock, Lips
comb, Bossieux, Allen, Sloan, Hooper,
Bargamin, Stokes, Levy, Brasselman, Ro-
per, Forester, and Manly.
Mr.. Isaacs, chairman of the Committee
on the Chesapeake and Ohio railroad, SUBJ
mitted the following report:
The special committee to whom was referred
the proceedings of the Chesapeake and Ohio
railroad with the accompanying documents,
have given the subject that consideration which
its Importance demands, and beg leave to sub
nit the following report
The Council of the city of Richmond, in the
exercise of the powers conferred on it by its char
ter, has in times past, with public spirit entire
ly consonant with that of its citizens, cheerfully
and libsrally contributed Of its means to every
improvement which was calculated to advance
the interest of the city, develop its immense wa
ter-power or increase its commercial Importance
and while your committee do not intend to place
the improvement under consideration above and
beyond those which were presented TO our predc-
cessors in office at the time of their presenta-
tion, yet it is impossible to realize oyer-est-
mate the Importance, in all respects, to the well
fare and prosperity Of our city of the extension
of the Chesapeake and Ohio railroad to the gra-
naries of the great West. and having its eastern
terminal point in our midst From information
derived indirectly from the officers of the
company, we are assured the road will be COM
pleted to the Ohio river by or before this
day twelve months. In view of the rapid
strides made by the officers in the construction
and completion Of their road to the great West,
the Committee of the lanes River Improvement,
with corresponding energy and fidelity to the
trust reposed in them, is prepared to guarantee
TO the railroad company depth of eighteen feet
and half water at high tide from the wharves
of Rockets to Hampton Roads. Thus the future
of our city and its surrounding country is more
flattering and promising than ever heretofore in
its history. The company ask the right of way
down Union street, &C., to the dock, and present
the alternative of tunnel under Church HILL
1t is now deemed impracticable to accommodate
the anticipated immense trade and transporta-
tion of the company without material injury and
interruption to the trade of the city by granting
| the privilege and right of way first asked for,
and therefore the alternative, to wit u tun-
mel under Church Hill is the only other men
! toned outlet. But your committee feel well
assured that the company will readily adopt
any other feasible way which may be presented,
and while your committee are not welded to the
route, yet they would express u preference for an
outlet by a tunnel from the proposed western
portal TO or near the York River Railroad depot
if practicable, over that proposed TO be made
under Church Hill, and they would respectfully
request a careful survey TO be made by the CON-
pany over this latter route before adopting any
other, and for this purpose the city engineer Is
requested to render such assistance and informa-
ton as may be required or solicited from him by
the officers of the company and the said City
Engineer shall render such aid TO the company
as may be required in making their sidings and
connections with the wharves and the Richmond
DOCK the right of way thereto being hereby
granted without cost to the city to the company
for such purposes, from Seventeenth street on the
west to the corporation limits on the east.
In view Of the facts of the referred to, and
others not enumerated in this report, but with
which the members of the Council are personally
conversant, your committee deem it advisable
and do respectfully recommend the adoption of
the following preamble an ordinance
WHEREAS, at Il meeting of the directors of the
Chesapeake and Ohio Railroad Company, held in
| the city of New York on the Goth day of June,
1871, the following proceedings were read !:
| lThey have been heretofore published.] And
whereas, at a meeting of the Council of the city
Of Richmond, held on the - day of -, 1871,
| the said proceedings were formally presented
| thereto by n committee of citizens appointed by
| the sChamber of Commerce of said city; and
| whereas, ct subsequent meeting of the Council,
| held on the 18th November, 1871, there was pre-
| sented a petition numerously signed by the tax
payers and business men Of the city
Be il, therefore, ordained by the Council Of the
| city Of Richmond, That the Auditor of the city,
| on the order of the Committee Finance, be
and he is hereby authorized to issue to the said
| Chesapeake and Ohio railroad two hundred thou
sand dollars OF six per cent. bonds of said city
either coupon or rcgistered-having thrty-four
| years to run to maturity from the date of said
| ISSUE provided the said railroad company, by ac-
|
accept the same--under the following irreyocable
! conditions, to wit: l. That the said city shall
| exercise police control and regulations over the
road within its present or future corporate limits
| 9. No bond or bonds of the city shall be issued
| under this ordinance until such time the said
| company shall have perfected.permanent connec-
tons with the wharves and shipping at Rockets,
| and along the line of the eastern bank of the
dock us high as or above the York River rail
road depot, corner Twenty-second and Dock
| streets 8. No discrimination of any kind shall
be made against the city in the transportation of
passengers freight to from the said city.
| 4. The present depot of the company, depot
| at any point between the present depot and the
James river and Twenty-sixth street. shall be the
distributing and receiving depot for the city. s.
| Should the company find it necessary in the fu-
| ture to extend their road below Mayo's creek to
| York river, or on James river the extentio shall
be a continuous track from the eastern or Rock
etts end of the road if extended from any point
east of Gordonsylle and west of tho present ter
minus on Union street, then the company shall
refund to the city the appropriation in kind or in
money hereby made, with the interest which shall
| have been paid by the city on the said appro-
priation. g. In consideration of the above appro-
priation for the benefit of the manufacturing and
commercial interests of the city, the company
shall Internationally release the city from its
subscription of two million dollars to the capital
stock of the said railroad company. z. The said
Chesapeake and Ohio Railroad company shall
have the right, with the consent of the Council
to lay down many tracks they shall find
necessary along and across such streets as 1t may
be necessary TO pass along or cross, from the
point oil divergence from tnelr present track &c
the river, and shall have the right TO run theil
trains over such tracks with locomotive steam
engines at rate of speed not exceeding five miles
per hour.
Respectfully submitted on behalf of tbs specia
committee. WILLIAM B. IsAAcs,
! Chairman.
After some remarks by Messrs. Isaacs
and Anderson, the report was unanimously
adopted.
THE CITY AND JAMES RIVER AND
FlANAWHA COMPANY.
Mr.. Isaacs, from the Committee on Fl
nance, submitted a report in response to
the resolution in regard to the failure of tn,
: James River and Kanawha Canal company
TO pay interest due on the 100000 o
bonds of the city, loaned to the company
The report, after recounting the history o
J the loan and the reasons Of the failure OF
{ the part of the company to pay the interest
recommend, as the security is ample, ant
) the payment of all accrued interest sure, a
no distant day, that no steps should b
taken to enforce payment, or exact furthe
, security at present. The report wa
! adopted.
: Mr.. Isaacs also submitted resolution t,
,, grant the James River and Kanawha cana
company leave to issue $150,000 of thei
second mortgage bonds, as asked by a reso
luton of the company passed Novembe
, I'd, 1871, the company promising not to is
= i l..