The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-02-18
LOCAL MATTERS.

THEJ JAMES RIVER AND KANAwHA CANAL:
THE COMMITTEES REPORT .REcEIyED AND
ADOPTED. adjourned meeting OF the
stockholders OF the James River and Kama
8ha Canal Company was held at the COM
pany,s office Saturday evening. Present: !:
The Commonwealth OF Virginia, by Messrs.
Thomas w. McCance, Dr.. A. Graham, and
3. Fl. Nowlir, proxies; the city OF Rico
mond, by Judge John A. Meredith and
John NJ. Higgins, Esq. proxies; the city
OF Lynchburg, by 3. FL. Nowlin, ESQ.,,
proxy; and individual stockholders in per-
son and by proxy.
Thomas w. McCance, Esq, resumed the
chair, Colonel William P. Munford, the
secretary of the company, acting as clerk.
The meeting was called for 45 O'Clock,
but it was G:15 before it was called to order,
several Of the proxies and stockholders be-
ING in attendance at the funeral OF Rev.
Dr.. Woodbridge.
Major Darlington, from the committee
appointed to consider the propositions sub
mitted at the meeting Of Friday, submitted
the following report:
l. That it is inexpedient at this time to
lease the canal.
2. That the repairs Of the canal west Of
Lynchburg should be as soon as possible
pushed to completion.
8. That it will be to the interest OF the
company, under existing circumstances, to
have such repairs done by contract rather
than to have them conducted by the COM
pany.
4. Two proposals for doing this work
have been submitted to the committee.
That submitted by Adams, Scott & Co., with
the alterations suggested by the president
Of the company (Which, we understand, are
agreed to by Adams, Scott & CO.., the COM
mittee thinks, presents fair and reasonable
terms, and we recommend that it be ac-
cepted. The proposal is not in due form,
though its terms seem to be sufficiently ex-
pressed. The committee recommend that
the subject be referred to the president and
Board Of Directors, with authority to enter
into such contract with Adams, Scott d Co.,
with such limitations and conditions as they
may decide to be proper. The committee
further recommend that in the event that
such contract be not made with Adams,
Scott s. co. the president and directors be
authorized to make similar contract with
some other party.
5. The committee recommend that the pre-
sident of the company be instructed to take
such steps as he may think necessary to
secure the passage OF the bill now pending
in the General Assembly, entitled an act to
extend the franchises CT the James River
and Kanawha Canal Company and TO pro-
vide for the sale of the stock now held by
the State Of Virginia.
Major Carringtou, briefly explained the
report; after which Major Johnston, pre-
sident Of the company, spoke in its favor.
Judge Meredith was opposed to the sale
OF the States interest in the canal, as he
| was fearful that it might fall into the hands
of some person or persons who might act
| inimical to the interests OF some portion OF
the State along the line OF the canal.
| The recommendations Of the committee
were read seriatina, and the report adopted.
ON motion the stockholders adjourned.
The Board Of Directors. to whom the
carrying out of the provisions Of the com
mittee's report are left, are Major John w.
Johnston, of Botetourt, president, and
Judge John J. Allen, Botetourt; Robert
w. Crenshaw. Lynchburg; Judge John A.
Meredith, William Fl. Haxall, ID. j. Hart
sock, and John OFT, Richmond.