The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-11-06
r,.f>vSS orTRlE CANAL FoS TEE
.!SCAL YEAR.

,,t>r&s orTsiE CANAL FoS TEE
:.SCAL YEAR.
r4r. CLIFTON FORGE EXTENSION
TpEuPVSHED FORWARD.
r,.,r1 OF THE RECENT SURVEYS.
ryr.yylrs OF THE COMPLETION OF THE
LI<E ~ GOVERNMENT AID.
Tie stockholders Of the James River and
L'.,.yr9 Ca,.si Company met in annual
,,..i.,, o. the oif,e OF the company, We'd
rs.tA-ticucru Joseph L. Anderson IN the
,,.ir Tie presidents report WAS read, aho
,la,conptnyIrC documents was Iescfleo
ss,4iu;tltc consisting OF Me>>rs. lhomas
u v.l.uct. n. l.. Straus, W. II. Perkins,
~. \. GrsBam. ard Dr. ". Is. RobinSon OF
Iyr.nhurc. TIE meeting then aoJourneo
.-t. Gay. The report waS withheld from
,,.. rr-.> lil;il it had been acted on by the
,.rn,;,rr.. yesterday morning the commit
:, r.,nrn,l the report with mum Der OF
J,e.-.rua4i}on>.
PRESIDENTS REPORT.
Tf- -,ry.t Of the President and Board OF
1i-.r,ar, ,'ale tia; the receipts OF the
,rv,4ry 3Ulipg the fiscal year ending the
srlo. :. .,s,ra0rl, 1874, were:
r,n:........,.....:......,...........s 9e'9sS q
t,... g. la.c... Goch............'.''.. 3o'UaSS %
r..., ................s sl5o,e2s Oh
gs.--r. = rom .aIuc resources III a,o oc
- ,-5.........,,............. io'.-'" w
L. :..-" ......,......'...'.'''''9 owl ="
T1;. increase is due to larger collection
q rat> il lS14. The receipts from loiis
ss5 .uckqgt were 3,G0S less than III 1910.
THE arau. statement Of the secretary OF
II, co'r,IYg Of receipts and expenses
,lrN, ,ta; the total expenses tor 1914
W >ie&.7eSG3 This sum includes SS,-
ISL. the ll-t Instaiment for the repair OF
..u., ualu. for Sheds and warehouses on
,t~ UorE. and cXpcn>cS in connection with
,.,,y,l.,ion ol the canal, q detailed state
l,gr 81: which expenses Is herewith exhibit
,ty: your information.
!a.Irat.r OF tons moved On the canal on,
=:
l-~ luaHcr oi tons moved on The caDal ~, o,c
.!-7s.......,............... .......l9T.21o
,~.-,.. 20,o76
After referring 10 the slow recovery OF the
s.:Itt.lrur.i interests aud the not very sue
cr>.,gl Il ,rt- made TO encourage manuiac'
tu.,, d. NJ the line OF the canal, the report
l,;~, ma, iron ore which is accessible ana
Should T." r4i-sd and sent TO market.
THE IRON BELT.
The Board sav lit is OF great interest
liz. .n,> iron belt. 80 rich in the elements OF
: .r.a, iu0u>;riai development, should not pe
ugel lurg.r doomed TO inactivity and un-
Woau~iycuc,,. The Chesapeake ana ONO
l-J!o.i la brought within lis reach the
og.y clement wanting 10 change lis conai-
ton IL Oh" Of prosperous industry. ms
rad A4> already Developed the cheapest Juet
tam~u m the emG"i1uCture Of rOn. Inc coalS
nd cutr> constitute this iuel, and are dis
isG. 0ai ld2 u.i.c> from Clifton Forge, with
grade against their transportation TO THIS
leM o: Only thirty feet to the mile. AT
tanou Forgc ihe extended canal reaches the
la.,load, ana it is distant by the located line
Il IL canal 0nly lhirty-two miles from Bu-
caIatn. il present terminus. This short
ryr,a,iau ,ut thirty-two miles will, through
>i, c.tau iueI, erect furnaces throughout
IL, ion BELT accessible 10 the canal"
,
"'"l'N"h '0
il!>: in'!'-ss" bonds outstallnlhS ~ oc-
"Ai, !s'". s.49.30o; hrst niolL2asH noius
outstanding Il October, 1874 $'oo,ooo' Sc
Tlo innE'@lee booos outstanding Isl oc.o.
~. lS,3. Sll0. 100: second mortgage bonds
sjGt lrc,.,,.. j., thc frsi rooripyge bonds in
!,5 were ISSUED 10 parties holding first.
41t,gag" dur.hillS. convertible into these
boGG>, lnG ihc SO, 100 Increase in the second
iA's'.sg" houd, were issued in the settle
N"n; VI dg,,t- contracted prior 10 May, 1867,
a&d Of a,torpr,>' fees for services in connec-
lion with tbc>c debts ;@and the remainder on
aceoua, 81 The balance OF unfunGed debt
ra'I ~I'" pt Tue repair OF the CANAL ai'ei the
1nrlAw vor r,,p PROTECTION OF FISH.
The ep,,.. .,, .,.os,;ou - o oo, oe tho
Genera ,'.','ti. vi', "'.,u.'on " ., so ,eT1
.uilG an.d,, t,p's "ppaU,eu tst.pn,;nns @ - ,hs
Ie.a. oC ~ G Az ~ i" Uus'i ~ ,ba s.otes, ~
sa1 s4y .,rn mroh.,hta cost of tho rennired
'l,h.!ad6rr, or r.Is, ,naLa ,he;r constrnc.
lion hy ~. ""Sn haS,. hamo tne.i .Vns atin",ia.
and IL .a;,,ard rIti that HH,I t6n nprai ln
bly, be Ic,Icc,rnly asked | Sur;nn its = pext w soc.
son, 10 exempt the James River and Kama.