The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-03-22

|
ELEMENTAL RAILROAD BILL At THE
| PRESENT ACKNOWLEDGEMENTS UN-
| TIL NEXT FRIDAY.
! An adjourned meeting of the James River
| and kanawha Company was held ycStcr-
day Mr.. Thomas ". McCance in the chair,
and considerably more than q quorum Of
the stock represented.
Mr.. Parsons stated that General Ewing
was uravoidably detained in Washington
| by congressional business.
| The President, on behalf Of the Board Of
F.! Directors, submitted the following report
OFFICE OF THE JAMES RIVER AND1
KANAwIIA COMPANY.
RICHMOND. VA, March u, 1879.
! TO the Stockholders:
| Gentemen,-Thc work CT repairing and
strengthening the canal has been and is
being vigorously pros secuted with large
forces OF convict and hired labor. Recent
reports aad inspections show that the line
from Richmond to Lynchburg is not only
| in good navigabic order, but is altogether,
perhaps, IN oe''cr cono'''oh Inah IL h''S Oeeh
for years.
The repair and Improvement OF the line
| from Lynchburg To Lexington has involved
much more of labor and time than was an
ticipatcd. even after the cumulative disaster
OF September. 1878. But boats have been
and are running through to Lexington
the line between Lynchburg and that point
being even now in better, easier nayigable
order than it was before the ireshet Of No
vcnbcT. 1877. Within three weeks from
this time this part OF your Improvement
Lvnchburg to LeXinglon-will be fully re-
stored and repaired, except some work on
dams necessarily reserved for completion
until the low stage OF water prevails. The
contemplated and nearly y-accompiiShcd full
restoration and repair Of this part OF the
line will place it, perhaps, in better condi-
tion as to strength and parmancncv. as well
as TO navigation, than it has been ut any
time heretofore.
Owing to the ireshet Of September, 1878,
and subsequent injurious rises III the river
in November and December, 1878, but little
real progress has been made in the heaviest
work OF repair Oh that part OF the line be-
tween the mouth Of North river and Buch-
anan. The North river, Earney's Falls, and
Indian Rock ponds, and sundry stretches OF
canal. are in navigable order. The chief
work to be done is at and near Qnarry
Fails and Wasp Rock dams. \ cousid-
cradle force OF convicts has recently
resumed work at Quarry Fails dam, to
which other forces will soon be added. The
work at Wasp Rock dam will soon be re-
sumed with large forces, it beng intended
to transfer at an early day all the convict
labor and other forces to the line between
the mouth Of North river aud Buchanan.
The work on Quarry Falls and Wasp Rock
dams is OF such nature as necessarily to
await for completion the low stage OF water
II a railroad is to take the place of the ca
nal, as is contemplated, portion at least OF
,,,l, Intt ~
the mouth OF North river and Buchanan
might perhaps be dispensed with.
After protracted delays the General AS
sembly passed an act which was approved
February u. 1879, authorizing this compa-
ny to make sale OF its works, property, and
franchises to the Richmond and Alleghany
Railroad Company. A copy OF this act IS
herewith submitted.
In conformity with The wishes OF the
stockholders, there was about the time CT
the passage OF the aforesaid act prepared
and introduced into both houses OF the
General Assembly second or supplemental
bin allowing sale OF the works, property,
and franchises OF this company to any other
corporation, person Or persons, in the event
that the Richmond and Allegheny Railroad
Company failed or declined to close the con-
tract and purchase authorized by the first
or main act such sale being required to be
made on and subject 10 all the conditions
pres scribed BIZ said first or main act, and the
purchaser or purchasers being invested with
certain corporate powers and rights rs in
the bill "a copy OF which is herewith sub
mitted) set forth.
| Unexpected delays and difficulties have
been met with, and this bill has not YET been
enacted by either House Of the General AS"
semDly. Submitted herewith is copy OF a
communication Of date February 9th, 1879,
addressed by the President OF this company
to the President OF the Senate Of Virginia,
explaining and giving reasons for the pas
SAGE OF this bill, and every possible eXcrtlon
has been and Is being made to secure rs
passage.
Submitted herewith is letter from II. c.
| Parsons. vice president OF the Richmond
and Aleghany Railroad Company, 10 the
president. dated March 10, 1879, with refer
enee to a preliminary contract OF purchase
between the two companies, and also the
proposed contract, prepared by the counsel
OF this company, accompanied by Il schcc-
ulc of tie debts OF this company, sad con-
tract and schedule being in duplicate.
Respectfully submitted by order OF the
Board OF Directors.
JOHN w. JOHNSTON President.
THE CONTRACT.
The President presented the draft or
contract, as follows: III. -
Whereas the James River and kanaEha
Company proposes to sell, and the Rich
mond and Allegheny Railroad Company
proposes to boy, all tie works. property,
and franchises OF the James Kiyer and ka-
nawha Company and whereas the General
Assembly OF Virginia has passed an act, ap-
proved The 9th day Of February, 1879,
which act is in the following words and fis.
ures-to wit: [Tbe act is here recited.I
Now 1t is contracted by and between the
James River and Kanawba Company or the
one part, and the Richmond and Alleghany
Railroad Company OF the other.part that
the James River and KanaWta Company
doth hereby make sale OF all its works, pro-
perty, aid franchises to the Richmond and
AlIeghauy Raj lroad Company, Hpd the