764 



FARMERS' REGISTER. 



[No. 13 



We have applied to the present legislature 

 through our representative J. T. Brown Esq. for 

 an amendment to our present charter, should you 

 concur in its provisions. A copy of the proposed 

 amendment, is before you and we are led to be- 

 lieve it will pass.* It asks ot* the legislature, as 

 you will perceive, to put our stock on the same 

 grade, as regards our profits and rates, with those 

 of' the Richmond and Fredericksburg road, 

 giving a more fixed and permanent regulation to 

 its character than the present complex plan of 

 our charter admits — in other words fixing our 

 maximum rale of dividend at 15 per cent, instead 

 of a return of capital and 6 per cent, thereafter. 

 The advantage resulting from this arrangement 

 will be, that the actual value of the stock will al- 

 ways speak for itself j instead of requiring abstruse 

 calculations to ascertain it. Moreover this altera- 

 tion will furnish additional inducements to the 

 stockholders, especially, those resident at the 

 north, to embark in other improvements calculated 

 to increase the present transportation on our road. 

 It was these considerations which induced the 

 board to make this application, and we hope they 

 meet your approval. 



The Board have likewise applied to Congress 

 through our representative John Y. Mason Esq. 

 for a return of duties paid by the company on car 

 wheels with rolled tires, locomotives, &c. Should 



this reasonable petition be granted, we shall re- 

 ceive from the treasury about $'16, 000. We are 

 induced to nape the application may be successful; 

 but although right and proper in every point of 

 view, we dare not be sanguine in its favorable re- 

 sult. 



The Board deem it not irrelevant to express the 

 hope that public attention will soon be directed to 

 the improvement of Nottoway river — animprove- 

 rnent in the opinion of engineers easily made, re- 

 quiring but moderate means to effect, and pro- 

 mising great advantages. But these advantages 

 being essential to the prosperity of the counties of 

 Lunenburg and Nottoway, we may no doubt 

 confidently rely on the public spirit, of their citizens 

 accomplishing this important end,\vithout much, if 

 any aid from our community. It should be re- 

 garded by us however as one of the legitimate 

 avenues of our trade, and consequently deserving 

 especial consideration. 



The Board have caused to be laid on your table 

 full and distinct accounts of all the affairs of the 

 company — they submit them for your examina- 

 tion, and feel entirely confident, the more you in- 

 vestigate them,the more will you appreciate your 

 investment. 



By order of the Board oi' Directors, 



CHARLES F. OSBORNE, Prest. 



Transportation on the Petersburg Rail Road. 



February, 



March, 



April, 



May, 



June, 



July, 



August,, . 



September, 



October, . 



November, 



December, 



January, 1835, 



Transportation of the Mail, 



Storage, 



Nett profits from Steamboats, 



1834. Total. 



$75,949 65 

 5,000 00 



$80,949 65 



1835. 



£4,532 14 

 6.45S 01 

 9,622 00 

 8,762 57 

 9,188 43 

 9,249 17 

 8,197 32 

 S,443 46 

 8,109 12 

 7,663 96 

 6,714 21 

 5,964 50 



Total. 



$92,904 90 



10,000 00 



96 83 



1,258 76 



$104,260 49 



Losses by fire and otherwise, 1834, 

 Do do 1835, 



$5,041 

 1,174 



The amendment asked for has since been enacted by the legislature. — Ed. 



