The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1873-12-01

| cccdin.s AT the Thiray-ninth Annual
Meeting OF the Stockholders Of the
James River and KanaWsla Canal
Company.
The thirty-uinih annual meeting Of the
| stockholders Of the James River and kana-
wha Canal Company was held at their office
| in this city Oh saturday afternoon.
On motion the meeting was organized by
| The appointment of Mr.. Charles Ellis as
clair.nln. William L. Munturd, Esq, acted
rs secretary.
The meeting proceeded 10 the election OF
president and directors, with the following
result
Charles :. Carrington, Esq, wax reelected
president. Coioncl Henry &. Cabcll was re-
elected the director on the part of the State,
and Mr. Charles W. Antrim, of Lexington.
| was rejected the director OIL the part OF
| the private stockholders.
Ncs>Ts. Franklin Stcarns and S. G.. Tardy
| were appointed directors by the Board CT
Public Works on the part Of the State, and
Mr.. Robert j. Davis was elected by the
Board Of Directors TO Till vacancy in the
| list G. directors on the part Of the State.
The following committee was appointed TO
examine the books, papers, aud accounts OF
he company for the present fiscal year
Mc-SrS. Thomas W. McCance. William Il.
IIaxil, aud George A. Barksdale.
The Presidents report was read and ap-
proved, and the meeting adjourned stne die.
The repor! is aS follows
70 utc Stockholders Of tic James Rirer and
Kna0trhn Company:
The Board Of Directors respectfully report
hat The receipts Of the company during the
fiscal year ending 30th September, 1873,
were From tolls, S9S,5lG60 from Rich
mond Dock. 3S,l6S.GS; from rcHts, SlS,-
lS4 1S-totaH, Sl55,2'O.0G.
The financial statement Of the secretary,
herewith submitted, shows tha, the expenses
md repairs of the canal were S93, ,925.S5,
which with S3.4GS.43, the expenses .! the
freight agency together S3i, ,394 .2S-iuclude
III OF tile expenses Of the canal Incurred
lurinr the year.
The sum includes the cash paid for the
rcruir> Of Reno dam, to facilitate, as before
reported, the transportation Of granite from
the south side Of the ]amcs river to the
canal through river lock. 1t also includes
The necessary expenses incurred in connec-
ton with the extension of the canal. These
| expenditures amount 10 81, l2920, as shown
bv the detailed statement herewith SUBJ
u!ittcd.
The receipts for the year were S5I 5I,SQ5.1S
ncre than he expenses for the year. These
receipts were 2S,61G03 and the expenses
| :. 1885 il excess Of the receipts and cX-
pcns,.> for the ti.cal yclr ending in Septcu-
Der, 1872.
Inr debt contracted prior to May, 1867
tuXclUsivc Of the dCht described aS I" on ac-
count OF state bond," which is the subject of
lticalioDl. was reported TO your last annual
4 DO,
..ags bonds Of the company aud by cash pay
mcnt> to St0.j299S; interest, S1,24G.67-tc-
tai. Stl,71G.G5. By amount funded since
Goth September. 1872, &G,904.15; balance
due 1st October, 1878, S3l,S72.jQ.
The sum OF $4,000 principal, and s0,075
interest on same to 30th September, 1873,
together 222.1C5. Part of this balance is
reported on the books of the company under
the heads 0! "0pen accounts pay-rollS," !"
"hirc of hands," "notcs," &C., aud it is
probable that considerable portion of this
sum will never be presented for payment.
The Indebtedness OF the company to the
contractors referred TO in the last annual re-
mort j not vyt definitely u-ccrtained; but
there is no reason to doubt the accuracy of
that report OF the entire cost OF repairing
the damage sustained by the canal from the
| flood OF 1870. After dcduCting the amount
funded in mortgage bonds, aud paid in cash
to Both September, 1872, the balance of this
rcpair.dcbt then due ami 10 become due was
reported as s0,2S4.l0; by proceeds of S3.2Co
second mortgage bonds paid to contractors,
&C., at SO, rs authorized hy stockholders,
=. $50 by proceeds of $4,000 RockbridSe
county bonds, at 800, $4,000; by credit on
rent account, SI7.l9: by payment III cash,
SI49.S1. Total, S14,3i1.O4.
This balance Of repair-dcbt. as before re.
ported, now appears in part In the office ol
the company as due OH pay-rolls by open
accounts and negotiable notes, and repre-
sco.s almos: the entire indebtedness Of the
COMPANY contracted since May !, 1867. The
Rockbriawe county bonds unsold amount 10
Slg. 900, tuce-yuluc. Tie proceeds OF sale OF
thcse bonds are applicable to the payment OF
this balance Of repalr-dcbt.
The following statement shows the mort
uone bonds oi the company issued to o0tsl
September. 1873:
FRS, mortgage Lnnls issued 10
September so, 1S72.... S't',ooo
First mortgage io!lds is.ucd
from Scuicl!bcr 80. 1879. I" oo,
september so, 1ST3.......... i''oo
74e,5o0
SECOND mortgage bones issued
10 scptc.uicr so, lS72..... :slUV,Ooo
second mort sage bonds issued
from September so, 1872, to
sgptcn!bcr 80, lS13.......'.. | s,ouu Aoo'ooo
eg5s: :ooo
.r.o ,.oo,rt nr .ha chief on yinpay and sll.