IMAGE EVALUATION TEST TARGET (MT-3) Y /. {./ o ■^J k!? V] <^ /i ^;. 'a ^/ °- ^/ ^. '^ o' V M 1.0 I.I 1.25 li IIIIIM |||m i ■" 111^ UUt- III 1.8 1.4 ill 1.6 - 6" Photographic Sdences Corporation 23 WEST MAIN STREET WEBSTER, N.Y. 14580 (716) 872-4503 *^*^. CIHM/ICMH Microfiche Series. CIHM/ICMH Collection de microfiches. Canadian Institute for Historical Microreproductions / Institut canadien de microreproductions historiques 1^ Technical and Bibliographic Notes/Notes techniques et bibliographiques The Institute has attempteo to obtain the best original copy available for fimmg. Features of this copy which may be bibliographically unique, which may alter anv of the images in the reproduction, or which may significantly change the usual method of filming, are checked below. L'Institut a microfilme le meilleur exemplaire qu'il lui a ete possible de se procurer Les details de cet exemplaire qui sont peut-?tre uniques du point de vue bibliographique. qui peuven* modifier una image reproduite. ou qui peuvent exiger une modification dans la mdthode normale de filmage sont indiqu^s ci-dessous. a n Coloured covers/ Couverture de couleur Covers damaged/ Couverture er » •:v, DUTTON AND WENTWORTH, PRINTERS, 10 & 13 EXCHANGE ST, >••••••• 1839. i^S AN .>t t «, • • a ^^\.C: ^C5 -•^ J^ \J ) ^ STATEMENT. ^1 I i L i ^ wg l i , , ...n,. . ) ,.! i I / I ^. * "^ ■ '■ ''■ %'-- -''' ^''^<-« ' ':%»' ^ il t !\ ^w<^ OF THE—— ==m^" <% TRUSTEES. WILLIAM SAVAGE, ZEBEDEE' COOK, Jr. VRESIDENT. THOMAS A. DEXTER, TREASURER. JOSHUA C. BATES. SECRETAiaY. JOSEPH WILLARD. • ■ DIRECTORS. THOM\S DARLING, JOttHUA TUCKER, ELIJAH THAYER, DAVID A. SIMMONS, JOSIAH REED, JOSEPH WILLARD, THOMAS J. WHITTEMORE, JONAS L. SIBLEY, II !1 n H I SAINT GEORGE COMPANY. The object of this Company is to engage capital in the object. manufacture of Lime, the Fisheries, Ship-Building, and the Lumber trade; and, for that purpose, they submit the following, for the consideration of Capitalists and others. The Company possess in the Province of New Bruns- po^-.ou. wick in the County of Charlotte, 318 acres of land, bemg the same laid out by the British Government as the frontier town of Saint George, in 1783. It is distant 60 miles from Frederickton, (the seat of government,) 40 mi es from Saint John's, 20 miles from Saint Andrew's, 13 miles from Eastport, and 5 miles from the village of Magaguada- Vic, one of the largest villages for the manufacture of Lum- ber in the Province. Saint George is on L'Etang Harbor, which is about 6 L;Etan, Har- miles long by 2 broad, and is formed by very elevated islands, having 11 fiithoms of water in its shoalest part, and can be entered with almost any wind ; there being a S. W., S. E. and N. E. passage, with a good holding ground of blue clay. The town of Saint George, with its harbor, and its Face of the many islands covered with the Larch and Fir, presents one of the most elegantly diversified views imaginable. The I' 1 L ■..^■\\x ■ '^^ .^"%) i 'I I I 6 ciiiiMic. climate is most delightful and salubrious. The neiahbor- ing villages are freciueiitly visited by invalids for the benefit of the invigorating sea air, and pulmonary aifections and fevers are almost unknown. The following, relative to this harbor, is from Blunt's Coast Pilot, page 132, 13th edition. " L'Etang Harbor is situated to the south-west of Mag- aguadavic, and runs into the north-eastward of Canipo Bello; — before it 'ies many islands :— there are three en- trances into this harbor, so that vessels 7nai/ go in or out, at any time. The Bay is extensive, secure, and well sheltered, having good anchorage throughout." In the event of this being within the boundary of the United States, by compromise or exchange, the Govern- ment would not neglect fortifying it, as it is only surpassed by one other harbor, that of Newport, on the coast of Naval DcLot. North America;— but if it should remain within the juris- diction of Great Britain, it will probably command the no- tice of the Home Government, as for all purposes and requisites for a naval depot, it surpasses any other in the British dependencies. I; entrances are commaiidcd by elevated headlands, on either side, capable of being forti- fied, at a small cost, so as to oppose successfully ony force that could be brought against it. Entrance. Rail-road. Should the contemplated Rail-road from Quebec to the Atlantic Ocean be constructed, Saint George will offer su- perior advantages, as the terminus of the road on the sea- coafit; for the object of such an enterprise would be to se- cure a fall, winter and spring communication with Quebec, when the navigation of the Saint Lawrence is obstructed with ice, whilst L'Etang is always open, even in the severest winters, v> Ship-building is now extensively carried on in the Prov- Bhip buiid- inces, and only requires encouragement to be largely and profitable pursued at Saint George; as timber of every requisite description, is most abundant in the vicinity, and is extensively shipped to other places, to be employed in this vei-y business. The exportation of timber and :umber is amorg thernnMa greatest resources of the Province, of which the Magagua- davic has furnished, and will continue to furnish large sup- plies, all of which may be b-ought direct to Saint George, to be shipped at a trifling expense, as the entrance to the bay of Saint Andrews, through the Le Tete passage is rather dangerous and uncertain, and, when entered, is un- protected. The timber and lumber business having been the most pminct of profitable investment of capital, the other inducements which the Province offered for enterprise and industry, have been neglected, although the soil for the growth ot wheat, oats, buck wheat, barley, millet, hay, hops, potatoes, and roots of all kinds, is not surpassed. T^ut as the timber is cut off, the lands are brought under cultivation, and the surplus products will continue to increase, and will ne- cessarily come to Saint George for a market. The fisheries may be made another profitable investment risiicrics. at Saint George ; the whole coast affording good fishing ground during the summer, and the Grand Bank and Madeline Islands being within two days' sail. The quan- tities of cod, hake, haddock, pollock, herring, mackerel, and sea shad, taken in L'Etang and the vicinity yearly, are immense, and in order to encourage the inhabitants in the prosecution of the fisheries, the importation of fish into the Provinces is prohibited, notwithstanding which, the lumber business, as before remarked, affording so great a remu- neration, the fisheries are comparatively neglected. It however, only requires a little enterprise to commence at Saint George, to lay the foundation for a large and very profitable business therein. In order more fully to exhibit its importance, the following statistics of the value of the Fisheries in the United States, (exclusive of the Whale Fisheries,) is subjoined : Number of Vessels, Cost of Vessels, Amount of Tonnage, Number of Men, Value of Cargoes, 2,342 §3,513,000 104,838 20,987 §1,056,721 H Lime Rock. , But the greatest value of this place consists in its incx- ', - haustibk bed of beautiful Lime Rock ; and the lime, from J its near resemblance to calcined plaster, its pure white J color and extreme fine texture, together with its tenacity ^ in resisting the action of the air, is much inquired for, and ■ is rendered invaluable for Shipping, and thereby enhances ; it as an article of Commerce. But its vast importance ; can only be adequately computed, by comparing the cost ") ''■• of its manufacture with that of Thomaston and its vicin- j , ity. ( « ^ Lime l)u si- ne h,s. The importance of the Lime business has been rather under-estimated in those parts of the United States remote from the immediate neighborhood of the Quarries, from a want of knowledge of the business, and from an opin- ion that Lime Stone is abundant everywhere ; — but this is a most erroneous idea. There are but two places in the whole of the United States, accessible to tide water, where Lime, where Lime Stone, of a good quality, is found, viz. : Smithfield, ; a remu- icted. It imence at and very to exhibit ue of the he Whale ,342 ,000 ,838 ,987 ,721 1 its incx' ', me, from s ire white tenacity I for, and ; enhances iportance the cost ") its vicin- ( :n rather is remote s, from a an opin- ut this is 3s in the ;r, where nithjield, Lime con- suuiiiliuii. \ \ Rhode Island, from 12 to 14 miles, and Thomaston, Maine, 3 to 8 miles, from tide water ; but even with this disadvan- tage, the latter place supplies nearly the entire sea-coast of the United States, together with the West India Islands. The consumption of lime is commensurate with the increasing population of the cities and towns on our sea- coast, from Eastport, Maine, to New Orleans and its tribu- tary cities. Smithfield lime, above mentioned, is not extensively shipped, (although of a far superior quality to that of Thomaston,) owing to its high price, (viz. 82 25 to ^2 50 per cask,) rendered so by the cost of the land transportation of 14 miles, and the price of ivood at the kilns, ($5 and $G per cord.) Thomaston, therefore, which is afforded at 95 cents to 81 12, is the only lime on the whole coast manufactured in any large quantity ; and even this must increase in price, as wood is now becoming yearly more valuable, (82 75 to 83 per cord,) while the growing demand for lime will continue to enhance the value and price of the small quantity of wood remaining there. Saint George is now surrounded by wood, (which is delivered for 81 per cord, at the wharf,) and is in the im- mediate neighborhood of the St. Croix, Magaguadavic, De- gadiquash and Le Proe rivers, whose borders are lined with forests. It will be many years, therefore, before wood will be as costly as at Thomaston. But if it should increase in price, access may be had to an inexhaustible supply of coal of the very best quality, and which can now be delivered at the present low price of wood, as refuse coal only is used for the kilns. The limestone of Saint George is sim- .smnt George ilar to that of Smithfield, but of a much finer quality. It constitutes a mountain nearly a (luarter of a mile in breadth SlOllO. Lime of Maine. 10 by a half a mile in length, and from 80 to 100 feet in height. Its base is washed by the sea, so tliat the rock has to be drawn not more than a distance of forty yards. The lime business of Maine supports a population ex- ceeding 12,000 inhabitants, and over 176 ships, brigs and schooners, are almost exclusively employed in it. The fol- lowing extracts are from the Reports of Dr. C. T. Jackson to the Legislature, on the Geology of Maine, 1837, page 91 : Dr. Jackson's remarks. '! Ri.^k anil Hrotit. Influence. Extent. t Exportations H 1- ^1 Extent. ** Limestone and marble are also among the great re- sources of Maine, and few manufactures are attended with so little ris^ and with such certainty of profit, since their preparation for the market is simple, and the price of wood and lime being given, the amount of labor and cost is easily calculated. The manufacture of these articles is commonly held in too low esteem, but the influence of such occupations on the character of a people, is far more salu- tary than the more hazardous speculations in mines and metallic ores. I doubt if any mines exist, where a larger amount of capital is employed, than the sum annually re- ceived from the sales of lime at Thomaston." Again, page 96, he says : " From the statistical facts which I have laid before you, it will appear, that nearly 700,000 casks of lime, (besides large quantities of rock,) are annually exported from the quarries enumerated; the whole profits from the sale of which are received by the citizens of Maine, while a wholesome industry is cultivated by the operatives. It is evident, that all the property thus brought forth is actually produced from materials which nature has distributed through the State. Already, then, your commerce in lime 11 )0 feet in 3 rock has :ds. ilation ex- brigs and The fol- lackson to page 91 : great te- nded with lince their e of wood d cost is irticles is ;e of such nore salu- nines and e a larger nually re- 2fore you, , (besides from the »e sale of while a es. It is s actually istributed '.ft in limft is worth more than the wliolc proceeds from the gold re- gions of the Southern States, while the moral advantages of a sure business over that of a more hazardous nature, are not to be overlooked." "It must be remembered, that, innnmosticaii- addition to the balance of profits seen by a comparison of the results, a large population is ? pported by the receipts from their labor, and extensive commercial exchanges are carried on with other States." *' Seven eighths of the lime s.iimnn?. transported to different markets is carried in Thomaston bottoms, navigated ai\(l manned by their own citizens; and it would not be extravagant to say, that there are constantly employed, in carrying lime and bringing wood, at least oiu hundred sail," In the Report of 1838, page 14, he again says : " No other State can vie with Maine in the abundance importance. of its limestones, and the amount of revenue derived from their commerce in this article is immense, and probably far greater than is generally apprehended. Thomaston is justly celebrated for her quarries, which serve to supply nearly all the cities on the Atlantic coast with the lime used in their buildings, and for agriculture. Few, perhaps, realize the fact, that there are no less than fourtceit million dollars' worth of limestone within twenty feet of the sur- face, in Tiiomaston ; and that already, while but a trifling proportion of the stone is exported, nearly half a million of dollars are annually realized from the sales of lime ; — be- sides which, we have also to estimate the value of the carrying-trade, the whole business being in the hands of the citizens of Maine." In his Report of 1837, page G2, he thus speaks of L'Etang : v->^:- -^>."! 12 L'Etani,', •I ;.- ''rfJ c^^ \ if i I " L'Etang is a -jromontory, connected by a narrow isth- mus with the main land. It has a deqj and cxccUmt harbor, where shipping may be secure from every wind. Tiiis ,v.- "^ locality is destined to become one of the most valuahlc districts for the manufacture of lime on the coast, — the rock being of an excellent quality and altogether incxhausti- INEXHAUSTIBLE. It is a large bed of blue, grey, black and white rock, and covers an area of forty or fifty acres." The following is from his Report of 1837, page 92 : Tiwrnaston. « The wholc quantity of lime manufactured this year, at Thomaston, will not vary much from 400,000 casks. In addition to this, the quantity of lime roch shipped and burnt in otiicr places, may be estimated at 30,000 casks. Cost of bum- The cost of burning the whole quantity is §160,000. 11 Wocd. Casks. The quantity of wood required is 40,000 cords — the av- erage cost of which is $3 per cord. The average value of casks this year is about 28 cents. Cost of rock. The cost of the limestone sold at the kilns is 20 cents per cask, which is made up as follows . Quarryinor, Rock 11 3 quarry. Hauling, (3 to 7 miles,) 7 cents. 3 10 (( u 20 cents per cask. Lime this year is 81 per cask at Thomaston. 13 row isth- t harbor, d. This valuable ast, — the OGETIIER (lack and es. >j 92 5 year, at shipped t 30,000 ,000. —the av- 28 cents. 20 cents cask. RECAPITULATION. Whole quantity burnt, 400,000 casks, at $1, $400,000 cost ani Pro- Rock at the kilns, (20 cts. per cask,) $80,000 Wood, .... 120,000 Labor in burning, (10 cts. per cask,) 40,000 Casks, (28 cts. each,) . . U2,000 352,000 Leaving a nett profit of, $48,000 The average size of a kiln is 14 feet long, 14 feet high, size of kim. and 5 feet wide, and contains from ihree to four hundred casks. It has three pointed arches, that in the centre be- ing 5 feet high. It takes 10 cords of wood to burn 100 aiwntity of casks of lime, and one ton of rock will make 4^^ casks. — casks in a The measure of a lime cask is fixed by law at 40 gallons, sizeof casks. and they hold 300 lbs. of lime. The time required for burning is three days and nights." There are several villages in the vicinity of Thomaston, Goose River. also employed exclusively in the manufacture of this article. On page 96, he thus speaks of one, called Goose River : " This place has a population of above three or four population. hundred persons, and fifty men are here employed in the lime business, which gives the place an appearance of ac- tivity. From 30 to 40,000 casks of lime were shipped Quantity. from thence during the past year. Twenty-one kilns are >:ambcr of •='*■•' •' , kilns. kept in operation at this place. Six schooners, carrymg dumber of 550 casks, and twelve brigs, taking each 2000 casks, sailed from Goose River last year ; besides which, occasional vecs- cola tnlfo in ^ ■•^avti^l furrrrt nf limp '^ U\^itJ lillii.%^ 111 tt I^UA iiiii \/i*i ^^^ '^s a*.*av. i 8 m U t 4J ^ t* « i^ — -~^ _s •i T) ^\ I .i c 14 The following are the principal villages engaged in the lime businessiV Limeviiiases. Thomaston A. Camden, . Lincolnville, Hopeville, . Goose River, Popiiliilion. Lime slii[ipp(I. Vopscls. . 4,221 482,000 102 . 3.200 CI, GOO 21 . 1,702 100,000 23 . 1,541 40,000 12 400 40,000 18 11,004 729,609 Comparative estimate of the cost of manvfacturc at Thorn- aston and St. George. THOMASTON. Per cask. . 20 cents, . 25 " Labor, including lining ) tiy << and inspection, ) fW[f.r° Rock at the kiln, Snint Georec txT t and Tlionuis- WOOd, . ton Lime. Casks, Cost, 28 85 l'etano. DIFFEUENCE Per cask. 10 cents, 10 cents 15 '' 10 *' 10 « 2 " 22 " G " w 28 ,^ comparative The difference of cost, therefore, between Thomaston anas!.ii!t"" and L'Etang, it will be perceived, is 28 cents per cask • George Lime. , • •, i , , „ ' and, assuming its value to be one dollar per cask, the jjrojit is 43 cents. But the L'Etang lime, from its greater strength, finer texture, and extreme white color, is now worth in the market from 81 75 to $2 25, making the profit §1 43 to 81 G3 per cask. It is substituted for calcined plaster for the purposes of hard or fine finishiog, and for the manufacture of bleaching powders, (for which it sur- passes any other in the known world,) as also for refining sugar, for putty, whitewash, and for various other purposes in the manufactures and arts. ,f X ( fl. i:i, W;. .7 /iJ.OVU Cu t /VLJ V< U ii ccof-i^t /iU Hi : f\,i.L ♦'■' ^-Lci 1 J Ted in the Vopscls. 102 21 23 12 18 17G at Thom- FFEUENCE. 10 cents. 10 (( 2 (( G (( 28 ^- lomaston •er cask ; ej)rnjit is strength, worth in tie profit calcined , and for ■h it sur- ' refining purposes vt'. ♦'■' <-Cr( I J 15 These are the lowest prices paid at Thomaston, within tlie last three years, and higher than have eveii|(et been paid, or than may be anticipated to be paid for some years at L'Etang. The profit above, is not, hovvevyr, the only one, at* three quarters of the cost is paid for in goods, on which there is a profit also, although not so great as in the common retail business, because it is converting the goods immediately into cash, or its equivalent, without credit or risk. This, however, is only the profit on the manufacture, not includ- ing the profits on freight or rock; and this last alone pays in Thomaston the enormous interest of three cents each on 729,009 casks, or $21,888 27 annually, being the interest to the owners of the quarries of over $350,000 ; but it far exceeds this interest, as the estimate does not include the large quantity of rock shipped to be burned elsewhere. There is a daily communication by steam between St. communica- T 1 1 T« • T-t tioiis with John and Boston, via Eastport, and arrangements will be i;ir?e towns ' r J to anil cities, by made for landing at L'Etang; in addition to which, the ^'*^'""=' business of the Province will be very much facilitated by the Government Packets, which are now in progress for opening a direct communication between England and Boston, via Halifax. The Company's title is perfect, having been obtained Title. from Government. They have, in the hands of their Treasurer, $10,000, and owe no v ',ts of any description, and by their constitution are not allowed to contract any. The following is an extract from the articles of association : " And )* is further mutually agreed by and between all ^ewg. the parties hereto, for themselves, their heirs, executors, administrators, successors and assigns, that no person or cVioii Vinvp nnwpr to render the said Company, or ir\f\ii»c* rw\ e* ■Xv"'^ associates, liable for any sum or sums of money or other thing, in law or equity, whatever, it being the intention of the associates to carry on their business operations with cash capital only." I i i i or other tention of ions with ^ > "sm.