The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-02-03

An adjourned meeting of the stockholders
| of the james River and Kanawha Canal Com
pany was held at the office OF the company
yesterday 3. 81. Nowln, of Lynch.
burg, in the chair, and Colonel W. 2. Nun.
ford secretary. Nine thousand three hundred
and eighty shares-more than quorum
were represented. Colonel Frank 6. Ruffip,
on behalf of the committee, consisting
tof:: himself and Messrs. W. B. Robert
son and Alexander j. Bondurant, ap-
pointed "to make personal inspection
of the whole line of the canal. and tho
rough examination into the condition, man.
agement, and resources OF the company"
submitted their report. They recommended,
in order to bring the expenses within the
receipts, that iess expensive work be put
upon the lock-gates, bridges, and railings
that the tariff of tolls be revised and Unequal.
itieS remedied that the rates for short dis.
tances be lowered !: that no unjust discrimi.
nation be made in favor of manufacturers or
others at the expense OF the agrculturists
that If the present system is to be con.
tinued that there be reduction Of salaries,
together with the abolition of some Offices,
80 as to save $4,000 per ahnum " without
! impairiDg the efficiency of the work.; that
| hereafter there should be "more active and
| minute personal inspection and supervision
of the csnal, both on the part Of the presi.
dent and his subordinates u; that the city OF
Richmond be in future limited to two
directors on the Board, and that one director
shall reside between Richmond and Lynch.
burg, not more than two in Lynchburg, and
one beyond the mountains; that directors
be paid for their services FIVE dollars day
and their expenses -; that the toH-path be
more carefully attended, and the depreda-
tions of muskrats be stopped as far as posi-
BILE; and that the dredging be not deeper
than four feet.
WATER RENTS.
In reference to this subject the committee
say that I" it was calculated by the president
In 1887 that the enlarged canal could afford
water and space for the erection Of 100 re.
spectacle new establishments, and that in a
short time large portion of it would be in
demand: and that application for additional
water-power then amouHted to more than
the interest on the cost Of the enlargement.
The enlargement was made under an appro.
priation embracing that item obtained from
the Legislature.
"The water rents at Richmond from the
canal, forty years after, amount to S11 1854
mand, and but little more than existed when
the present company took the place Of the
old one. The same is the case everywhere.
The traditions of the company have been
violated, It's faith broken, its resources kept
down, the development of the country re-
tarded, because, as we hear, there is appre'
hension that the current Of the canal may be
so increased as TO require additional team to
overcome the resistance"
CLIFTON FORGE CONNECTION.
"After all, the committee think, "it is the
completion of the canal to Clifton Forge
whlch will afford the surest if not the only
means of sustaining and permanently pre-
serving the credit Of the company and saving
the work to the State"
.'The committee are pleased to see that
the question of bridging James river on the
old sites" has engaged the attention of the
Board. "a plain, open bridge at each place,
rough but strong, is all the case demands" /"
SCHEDULE OF PROPOSED SALARIES.
The following is the scale of salaries as re.
commended by the committee, with those
now paid the same officers and those Offices
which it is recommended to abolish:
Salaries Salaries
n0lo paid. recon-.