.V^Oi- 
 
 
 IMAGE EVALUATION 
 TEST TARGET (MT-3) 
 
 1.0 
 
 I.I 
 
 128 
 
 m 
 
 I 
 
 2.2 
 
 m 
 
 
 1 
 
 1.25 1 1.4 |i.6 
 
 
 ^ 
 
 6" 
 
 ► 
 
 m 
 
 7 
 
 
 '/ 
 
 >!^ 
 
 Photographic 
 
 Sciences 
 Corporation 
 
 
 23 WEST MAIN STRKT 
 
 WEBSTER, N.Y. 14S»0 
 
 (716) 872-4503 
 
<i 
 
 ^ 
 
 '^A' 
 
 >5' 
 j,y 
 
 CIHM/ICMH 
 
 Microfiche 
 
 Series. 
 
 CIHM/ICMH 
 Collection de 
 microfiches. 
 
 Canadian Institute for Historical Microreproductions / Institut Canadian de micrcrepraductions historiques 
 
Technical and Bibliographic Notes/Notes techniques et bibliographiques 
 
 The 
 toti 
 
 The Institute has attempted to obtain the best 
 original copy available for filming. Features of this 
 copy which may be bibliographically unique, 
 which may alter any of the images in the 
 reproduction, or which may significantly change 
 the usual method of filming, are checked below. 
 
 I 7| Coloured covers/ 
 LlJ Couverture de couleur 
 
 I I Covers damaged/ 
 
 D 
 
 □ 
 
 D 
 D 
 
 D 
 
 Couverture endommagde 
 
 Covers restored and/or laminated/ 
 Couverture restaurde et/ou pelliculde 
 
 I I Cover title missing/ 
 
 Le titre de couverture manque 
 
 I I Coloured maps/ 
 
 Cartes g^ographiques en couleur 
 
 Coloured ink (i.e. other than blue or black)/ 
 Encre de couleur (i.e. autre que bleue ou noire) 
 
 I I Coloured plates and/or illustrations/ 
 
 Planches et/ou illustrations en couleur 
 
 Bound with other material/ 
 Reli6 avec d'autres documents 
 
 Tight binding may cause shadows or distortion 
 along interior margin/ 
 
 La re liure serrde peut causer de I'ombre ou de la 
 distortion le long de la marge int^rieure 
 
 Blank leaves added during restoration may 
 appear within the text. Whenever possible, these 
 have been omitted from filming/ 
 II se peut que certaines pages blanches ajoutdes 
 lors d'une restauration apparaissent dans le texte, 
 mais, lorsque cela 6tait possible, ces pages n'ont 
 pas 6t6 filmdes. 
 
 L'Institut a microfilm^ le meilleur exemplaire 
 qu'il lui a iti possible de se procurer. Les details 
 de cet exemplaire qui sont peut-Atre uniques du 
 point de vue bibliographique, qui peuvent modifier 
 une image reproduite, ou qui peuvent exiger une 
 modification dans la m6thode normale de filmage 
 sont indiqu6s ci-dessous. 
 
 □ 
 D 
 D 
 
 □ 
 D 
 
 D 
 
 n 
 
 D 
 D 
 
 Coloured pages/ 
 Pages de couleur 
 
 Pages damaged/ 
 Pages endommagdes 
 
 Pages restored and/or laminated/ 
 Pages restauries et/ou pellicul6es 
 
 Pages discoloured, stained or foxed/ 
 Pages ddcolordes, tachet^es ou piqu6es 
 
 Pages detached/ 
 Pages d6tach6es 
 
 Showthrough/ 
 Transparence 
 
 Quality of print varies/ 
 Qualiti indgale de I'impression 
 
 Includes supplementary material/ 
 Comprend du materiel supplimentaire 
 
 Only edition available/ 
 Seule Edition disponible 
 
 Pages wholly or partially obscured by errata 
 slips, tissues, etc., have been refilmed to 
 ensure the best possible image/ 
 Les pages totalement ou partiellement 
 obscurcies par un feuillet d'errata, une pelure, 
 etc., ont 6t6 film^es d nouveau de fapon d 
 obtenir la meilleure image possible. 
 
 The 
 posi 
 of tl 
 filmi 
 
 Orig 
 begi 
 the I 
 sion 
 othe 
 first 
 sion 
 or ill 
 
 The 
 shall 
 TIN! 
 whi( 
 
 Map 
 diffe 
 entii 
 begi 
 right 
 requ 
 met 
 
 D 
 
 Additional comments:/ 
 Commentaires suppl6mentaires; 
 
 This item is filmed at the reduction ratio checked below/ 
 
 Ce document est film6 au taux de reduction indiqu6 ci-dessous. 
 
 10X 
 
 14X 
 
 18X 
 
 22X 
 
 26X 
 
 30X 
 
 
 
 
 
 
 
 
 
 
 
 
 
 ^ 
 
 
 
 
 
 
 
 
 
 
 
 12X 
 
 16X 
 
 20X 
 
 24X 
 
 28X 
 
 32X 
 
ire 
 
 details 
 les du 
 modifier 
 ler une 
 fiimage 
 
 The copy filmed here has been reproduced thanks 
 to the generosity of: 
 
 BIbllothdque nationale du Quebec 
 
 The images appearing here are the best quality 
 possible considering the condition and legibility 
 of the original copy and In keeping with the 
 filming contract specifications. 
 
 L'e»emplaire film6 fut reproduit grAce d la 
 gin^roslti de: 
 
 Bibliothdque nationale du Quebec 
 
 Les images suivantes ont 6t6 reproduites avec le 
 plus grand soin. compte tenu de la condition et 
 de la nettet6 de I'exemplaire filmi, et en 
 conformity avec les conditions du contrat de 
 fiimage. 
 
 Original copies in printed paper covers are filmed 
 beginning with the front cover and ending on 
 the last page with a printed or illustrated Impres- 
 sion, or the back cover when appropriate. All 
 other original copies are filmed beginning on the 
 first page with a printed or Illustrated Impres- 
 sion, and ending on the last page with a printed 
 or illustrated impression. 
 
 6es 
 
 Les exempiaires originaux dont la couverture en 
 papier est imprirn^e sont filmds en commengant 
 par le premier plat et en terminant soit par la 
 dernidre page qui comporte une empreinte 
 d'impression ou d'illustration, soit par le second 
 plat, selon le cas. Tous les autres exempiaires 
 originaux sont fiim^s en commen^ant par la 
 premiere page qui comporte une empreinte 
 d'impression ou d'illustration et en terminant par 
 la dernlAre page qui comporte une telle 
 empreinte. 
 
 The last recorded frame on each microfiche 
 shall contain the symbol ^^- (meaning "CON- 
 TINUED"), or the symbol y (meaning "END"), 
 whichever applies. 
 
 Un des symboles suivants apparaitra sur la 
 derniire image de cheque microfiche, selon le 
 cas: le symbols — ^> signifie "A SUIVRE", le 
 symbols V signifie "FIN ". 
 
 re 
 
 Maps, plates, charts, etc., may be filmed at 
 different reduction ratios. Those too large to be 
 entirely included in one exposure are filmed 
 beginning in the upper left hand corner, left to 
 right and top to bottom, as many frames as 
 required. The following diagrams illustrate the 
 method: 
 
 Les cartes, planches, tableaux, etc., peuvent dtre 
 film^s d des taux de reduction diffdrents. 
 Lorsque le document est trop grand pour dtre 
 reproduit en un seul cliche, il est film6 d partir 
 de Tangle sup6rieur gauche, de gauche d droite, 
 et de haut en bas, en prenant le nombre 
 d'images nicessaire. Les diagrammes suivants 
 illustrent la mdthode. 
 
 y errata 
 )d to 
 
 nt 
 
 ne pelure, 
 
 ipon d 
 
 1 
 
 2 
 
 3 
 
 32X 
 
 1 
 
 2 
 
 3 
 
 4 
 
 5 
 
 6 
 
385.' 
 N8II 
 
NORTH SHORE RAILWAY OF CANADA 
 
 ••X) Jf» ■.<■-< 
 
 A BRIEF SlvErCll 
 
 GF IT5 COMMLRCIAL RELAlIuNS AND FINANCIAL FnOSPECTS. 
 
 ]))* tlic lion. Jmiiv Ymuxc, 
 
 lATi: C-MMi^>F)\r.!i OK i'U':Lic \vi*u::^, AXi) i"i:r^ii»:-xr or riii: 
 Oi>MiNh*N i:oa:u,) i)f tkaij:: I'l-' caxai'A. 
 
 « * > I • • • 
 
 " « • • • t • 
 
 ■ ■ • • • • 
 
P38 5.7/4- 
 
 N 8// 
 
 f 
 
 i. 
 
 
 
 • • • • 
 
 • « 
 
 • • • « • ' 
 
 « • •• • 
 
 • « • • • • 
 
 • * • •• 
 
V 
 
 
 NORTH SHORE RAILWAY 
 
 OF CANADA. 
 
 »^9-^*yt^-»^ <-* — 
 
 The lullowing corrospondoiico l)L't\voen tlic lion. 
 JosKi'ii Cauchox, Pri'sklciitot' tlie North Sliore I\ailway 
 Company, and i\ho Pre.^idi'nt ol' tliu SonatcM)!' tlic Domi- 
 nion of Canada, and the Hon. John Younc;, ionnerly 
 Commi.ssioncr of Pn))lic Works, and late Prcjsidont of the 
 Dominion Boardof Trade, will .shew the estimate phiced 
 npon the vahie, and future fmaneial success of this 
 important enterprise, by one of the most far seeing 
 and enlightened men of Canada. 
 
 Mr. Young has long occupied a i)rominent position, 
 not only in the Government of the Dominion, but also 
 in connection with all the important works of internal 
 improvement which have had a tendency to develope 
 the resources of Canada and the great west of the United 
 States. His opinions, therefore, have come to l)e regarded 
 both in America and Europe as the most reliable autho- 
 rity that can be obtained upon such subjects. 
 
 62140 
 
NORTH SHORE RAILWAY OF CANADA. 
 
 Letter from the President of the North Shore Railway 
 Covtpaiiy to the Honorable John Young, of Mofitrcal, 
 asking for his opinion respecting the value of the 
 securities of the Company. 
 
 i 
 
 OFFICE OF THE NORTH SHORE RAILWAY COMPANY. 
 
 Quebec, :.)^vi1 Uh, 1872. 
 
 The Honorablo 
 
 JouN Young, 
 
 Montreal. 
 Dear Sir, 
 
 This Company has recently closed a Contract, 
 with parties of known experience and responsibility, for 
 the construction and equipment of the main line of its 
 Railway, extending from the City of Quebec to the City of 
 
\ 
 
 Aloiifroal, a distiiiu'O of oii(» hiindriHl and sixty miles ; and 
 also ol' tlic Piles Uraiich, exleiKlint;' Iroin I ho town ol Three 
 liivers up llui Valley ol" the St. Maurice River to the (irantl 
 ]'iles, a distance ol" al)out thirty miles. The St. Maurice 
 liiver is now naviualde above the (irand Piles, a distance 
 of ahout seventy miles; and Avith som«' sliuht improve- 
 ments the navii-ation can be extended from lifty to seventy- 
 iivo miles furtlier. 
 
 The total lenu:th of tho main linc^ and branch will ho 
 about one hundrcnl and ninety miles. The li*iiilway is 
 to be fully completed and ec^uipped on or before December 
 1st, 1875. Every thin^" i« to be first class in all resjiects, 
 and sulliciently ample to perform all the l)usiness that may 
 be brought to the Uoad. 
 
 The entire cost of liaihvay and equipments, includinj^ 
 IJight of Way, Machine Shops, Depots, Enuineeriny and all 
 contingencies, will be seven million dollars, or an average 
 of thirty-six thousand eight hundred and forty-two dollars 
 per mile. 
 
 Of this amount tho City of Quebec has suscribed one 
 million dollars to the stock of the Company, payable as 
 the work progresses, for which the City issues permanent 
 consolidated stock certificates, bearing seven per cent 
 interest. 
 
 The remaining six million dollars are provided by 
 an issue of seven per cent mortgage bonds, which are to 
 be a first lien upon the Railway and franchises of the 
 Company ; and also upon two million acres of land 
 donated to the Company by Act chapter XXI of the Legis- 
 lature of Quebec, passed Dec. 24th, 1870, a copy of which 
 is herewith enclosed. These lands are embraced in four 
 separate l)locks or parcels which are designated upon the 
 accompanying map, and marked respectively block A, B, 
 C & D. 
 
In iH't'oliiiliiiL'' lilt' sccurilifs ni' the City of Qni'lx'o, ;is 
 Well its (li(»si' (.r llii' IJ;iil\viiy Compiiny, it 1m'C(»iii''s a 
 iiiiittiT of tilt' lirsl iuiportiiiicc |(» sMtisly cupitalisls. hotli iit 
 Ijomt' iuid iil)r(»;ul, tlmt tln' biisis upon wliitli lljcv aro 
 issiit'd is pi'iicclly Mtuiid, and Millicifiitlv anii)l(' to sccnro, 
 iM'yoiid a (jMcslion, ilic pronii)t i):iynu'nt ui'lxdh the inti'iost 
 and till' principal at maturity. 
 
 Your lonu' and intimate kno\v]t'du'(» oC Ihc trade and 
 resources ol'the Cities of (Quebec and Montreal, as \vell as 
 ol'tlie inteiincdiatei Towns, ('ounlies and Parishes, which 
 are traversed hy the Jtailway ; and your y-reat laniiliarity 
 with the railway and other trallic of the ])()minion of 
 Canada, and the I'nited States, — and also your knowledj^o 
 ot'ilie ])resent and i>rosp<>ctive value ol'the hmds granted 
 })y the (lovernment in aid ol' this Railway, hoth as reiiards 
 their limhi'r ]>roduct, ami their availal>ilit\- I'or settlement 
 and au'ricultural ])uri)oses, induce nie to solicit your written 
 opinion, as to whether the local business ol' (he Jiailway 
 ])et\veen the Cities ol' (Quebec and Montreal ; to<>'ether with 
 its probable throui>h busiiu'ss. when considered in con- 
 nection witli the early coni])letion ol'the Northern Coloni- 
 zation Ifailway Irom Montri'al to Ottawa and renibroko, 
 iind the Canada Ct-ntral Kailway to Toronto and Iho 
 Georiiian JJay, and also to a junction with the Northern 
 racilic Uailway ol' the United States at the Sault Ste 
 Marie, and with the Pacilie Railway of Canada, the early 
 comph'tion ol all which cannot be reirarded as beini^ very 
 far in the future. And al.so when considered in connection 
 with its Junction at the city of Quebec, with the head of 
 deep ocean naviijfation upon the St. Lawrence River, and 
 also with the (Irand Trunk liailway extending- from 
 Quebec to Iliver du Loup, and th(M-e connecting with the 
 Intercolonial Ivailway now nearly comph'ted ; and also 
 with a line of liailways now under construction, upon 
 the most direct route, across the country from Quebec to 
 
I'ortliuul, lliiliriix Hiid othor hai})ors upon tho Athintic 
 CoiiKt. Whi'lhcr, ill (JoiiNidcmtioii of all these lulvanliitrcs, 
 the ('arnin!r.s of thc^ ituilway, takoii in connection with tho 
 value of tile lands, may, in your opinion, he re<rarded as 
 fonuinuf such a basis for tho securities of the Company, 
 as should ^'ive them currency amonj? capitalists who are 
 seeking for a first class investment. 
 
 I have the honor to he very respectfully, 
 Your oht. servant, 
 
 Joseph Cauciion, 
 
 Trest. N. S. Ilailvvay Co. 
 
A BRIEF SKETCH 
 
 OF THE COMMERCIAL RELATIONS AND FINANCIAL 
 
 PROSPECTS OF THE 
 
 NORTH SHORE RAILWAY OF CANADA. 
 
 Mr. YOUNG'S REPLY. 
 
 Montreal, loth April, 1872. 
 
 To the Honorable 
 
 Joseph Cauchon, M. P., 
 
 President North Shore Railway Co., 
 Quebec. 
 Sir, 
 
 I am in receipt of your letter of 6th inst., in which 
 you state, that from my long and intimate knowledge of 
 the trade and resources of the Cities of Quebec and Mon- 
 treal, as well as of intermediate Towns, Counties and 
 Parishes ; yon are desirous of obtaining from me an ex- 
 pression of my opinion as to the business, which will be 
 
I 
 
 attiiictod to tho North Slun'o Iluihvny hotwoon Quoboc and 
 Montrtnil, and to tho vahio of tho piiio lands, prantod l)y 
 the Govornmont oi Quoboc by the act passed Docembor, 
 24, 1870, in aid of that ontorpriso. 
 
 navin<>' long* been in favor of the construction of your 
 railway, I have much pleasure in ])riolly stating- my reasons 
 for believing' that it will prove a commercial success. 
 
 At present there is no railway on the north side of tho 
 St. Lawrence, below Montreal, and the only railway on 
 the north side of the Ottawa river is that of 12 miles, con- 
 necting the villages of Carillon and (Irenville. On tho 
 south shore of the St. Lawrence, the " Grand Trunk " Kail- 
 way extends from Kiviere du Loup, 180 miles below Que- 
 bec, crossing" the fSt. Jjawrence to Montreal by the Victoria 
 Bridge and extending thence to Sarnia, on the river St 
 Clair, near Detroit. This Avith the extension to Island Pond, 
 via Richmond, on the Portland route, makes the distance 
 worked l)y that comj^any 1377 miles. The Groat AVestern 
 runs from Toronto to Windsor, opposite Detroit, a distance 
 of 350 miles. A branch extends from the Grand Trunk, 
 at Prescott, to Ottawa, of 52 miles, another from Brockville 
 to tho Ottawa Iviver at Sand Point, and a branch also ex- 
 tends from Toronto to Collingwood, on Georgian Bay, a 
 distance of 97 miles. These are tho principal lines now 
 existing in Canada, but the Intercolonial Raihvay from 
 Riviere du Loup is now being constructed to extend from 
 that point to Halifax, a distance of G85 miles from Quebec. 
 
 Before alluding- to the position of your road, or its power 
 to compote for Western Canadian and Western States 
 trade, I shall glance at the traffic in freight and passengers, 
 which is likely to pass over it, between the Cities of Quebec 
 and Montreal. 
 
 The population of tho former is 62,000 and of the latter in 
 round numbers 120,000. The distance between the two 
 cities by your railway will be 100 miles. The grades on 
 
{) 
 
 tho road, will ho suporior to any on tho Conlinont. Tho 
 distance l)y tho (Inuid Trunk from the Eonavonturo Station, 
 in Montreal, to Quebec, via Ivichmond, is 1<S0 miles. Tho 
 time between the two cities is increased by the necessity 
 of changing- at Point Levis, from the Railway to the Ferry- 
 Boat, which carries the passengers and freight to Quebec, 
 and this diihculty is greatly increased during the winter 
 months. With an average speed of 20 miles an hour, tho 
 dillerence in time will be one hour and a half in favoiir of 
 the route on the North Shore, and this independent of the 
 detention at Richmond, which frequently results from not 
 connecting with the Eastern Trains to and from Portland. 
 {Supposing the line laid with heavy steel rails, there will 
 bo no diliiculty in making the average speed 28 miles per 
 hour, including stoppages, which would be 5.^ hours be- 
 tween Quebec and Montreal. No change of cars Ijeing ne- 
 cessary, there would be the same siiccessful competition 
 with the passenger Steamers on the St. Lawrence during 
 navigation, as has resulted from the competition of the 
 railway with the Steamers navigating the Hudson between 
 Albany and New- York. The travel between Que])ec and 
 Montreal during the season of navigation is greatly in- 
 creased by tourists from the United States. The number 
 of first class i^assengers carried by the Richelieu Company's 
 Steamers diiring last year exceeded 26,000, and about 
 38,000 of second class. The best proof of the value of such 
 travel is, that the Stock of this Company, originally $100 per 
 share, was increased to 200, yet on this doubled value it 
 cannot be purchased at less than 180. Was your road com- 
 pleted, and the time occupied only of to 6 hours, instead 
 of 13 hours by the Steamer, there can be no doubt that a 
 large and profitable business would be done. 
 
 Independent of this business, and between the two 
 cities, there is the local traffic. Three Rivers, half way 
 between Quebec and Montreal, has a population of 7,000. 
 
t \ 
 
 i I 
 i i 
 
 I 
 
 5 i 
 
 Ki 
 
 It is sitnatcd at the month of tho St. Maiiriro rivor, which 
 drains a vast territory, covered with forests of i)iuo siiid 
 other woods. Very hirg'o deposits of Iron exist on it, sonu; 
 of which are being successfully worked, besides other 
 mineral deposits. The population is rapidly on the increase, 
 and when the branch railway is made to the I'iles, and 
 Steamers placed on tho river a))ove the Piles, naviiiablo 
 with slight improvements for 140 mili's, a great imprdse 
 will be given to the trade of this region ; and deals and 
 lumber will then be carried, at a less cost of transport by 
 rail from the mills in the interior to Quebec, than at pre- 
 sent, Berthier is the next largest Town on the route, while 
 St. Annes, Champlain, Portneuf, Maskinonge, I'Assomption, 
 liawdon, Industrie, Terrebonne, St. Therese and St.Jeroiue, 
 will all be feeders to the road in freight and imssengers. 
 
 Such are some of the lacts in connection with your 
 railway, and the position of Quebec. 
 
 I have stated that the distance to Halifax, by the Inter- 
 colonial Kailway from Quebec will be G85 miles, but a 
 road is now being surveyed from Point Levis to Bangor, 
 in Maine, of which 30 miles are already built, which will 
 give a connection with Halifax 230 miles less than by tho 
 Intercolonial, and 40 miles less to Portland, than by the 
 Grand Trunk. 
 
 I would now direct your attention, as to the position of 
 your road for attracting passengers and freight traffic from 
 Western Canada and the AVestern States. Montreal has 
 lately passed a by-law to be confirmed by the people, 
 granting one million of dollars to the Northern Colonization 
 Railway, to connect with yours at Montreal, and to be 
 extended to Pembroke on the Upper Ottawa. A charter 
 has been granted by the Dominion Parliament to extend 
 it thence to the Sault Stc. Marie, at the eastern end of 
 Lake Superior. The Northern Pacific Railway is now 
 built from Duluth, at (he western end of Lake Superior, to 
 
 r 
 
 I f 
 
to 
 
n 
 
 \ 
 
n 
 
 t^t. Croix, oil the upper Mississippi. From tlic hitter i)lii(e 
 it is now coina'ctod with St. rjiul, auil will ho oxIeiKh'd 
 rapidly to withiti 40 miles oi" Fort Garry. It is dillicult il" 
 not almost impossihlo to huild a railway north of Lake 
 Superior, hut every facility is oilered in low grades, and a 
 straight line, to construct a railway Irom Sault St. Marie, 
 through Michigan and AVisconsin on the south side oi'tho 
 Lake to Duluth, and thus connect the Northern raciiio 
 with your road and the other lines to the Sault St. Marie, 
 A glance at the map will shew that from those States, 
 Minesota, and others adjoining, it is almost a straight line 
 to Montreal and Quel)ec. With a bridge across the Straits, 
 freight and passengers can be carried from Duluth to 
 Quebec, without shifting cars, on a 4 feet 8| inch gauge 
 railway, 3'10 miles shorter than by any other i)ossible road 
 from the head of Lake Superior to New^ York or Boston. 
 This fact will have an important bearing on your enter- 
 prise, because cars can thus bo brought from ^klichigan, 
 Wisconsin and Minesota, without requiring change or 
 breaking bulk to Quebec, a Sea Port 480 mile.s nearer 
 Liverpool than New York, a Port too, accessible from Sea 
 for ships like the " Groat Eastern," without obstructions 
 of any kind. 
 
 When the Pacific Railway is completed from Duluth, 
 and connected with your North Shore road, it will be 
 found that Quebec is 340 miles nearer the Pacific than 
 ])y any other route, w'hile its terminus on the Pacific will 
 be 500 miles nearer Japan and China, than the Port of 
 San F'rancisco. And I cannot doubt that this whole 
 system of Northern and Western Railways will, at Quel)ec, 
 or near it, be connected with the South Shore of the St. 
 Lawrence by means of a Bridge adapted to railway trans- 
 j>ort, thus allowing cars to run from the Paciiic via Quebec 
 to any of the North lHaslern ports of the Atlantic, without 
 breaking Imlk. 
 
I f 
 
 12 
 
 Aifiiin, a rtfa'l is now projertod and will Ix' spocdily 
 })uill IVoiu Toronto on a divoct lino, to connt'ct with your 
 road on tln« Ottawa, near tlic cnpitiil. Thin lino will bring" 
 tlio trado <tf Tontnto, Iluniillon, Dotroit, Chicai^o, iScc, to 
 Quohoo, on a nnilbnn eaugc, and by a r(»uto 1') niilos 
 Khortor than by tho i)ro.sojit routo on tho Orand Trunk 
 Ifaihvay. Tt is dillicult to/ ostimate tho iniportanco of this 
 projootod lino, in tho intorosts of your railway. Froii>ht 
 ol' all kinds, can thon oomo to Quoboc Avithont any tran- 
 shipment and bo placed on Ix^ird ol' tho Ocean ships ; 
 uhilo in-bouiul IVeight can, on arrival, be ^t onco placod 
 on tho cars and taken to Toronto and otlier places west, or 
 can bo taken by Sault St. Marie and delivered in tho njoro 
 Northern States of Michigan, "Wisconsin and Minosota, or 
 to Manitol)a, and tho Pacilic. Wh(Mi this route is opened it 
 will become tho best for lilmiyrants, for on arrival at 
 Quebec, they can at onco jirocoed to thoir dt'stination, 
 without chang'o of cars. 
 
 The largest possible imj)rovemonts of the water com- 
 munication with tho AVestern Lakes, will not prove 
 inimical to tho parallel railways. On tho contrary, the 
 success of tho Canadian railways will laro'oly depend on 
 tho superiority of tho wat(^r routes. AVhilo the St. Law- 
 rence Canals, in 1870, only attracted 15 / of tho AVostern 
 trado, tho lilrie Canal, through the State of New York got 
 85,,. Yet the great donblo track roads parallel with the 
 canal are tho most successful on tho Continent. The rail- 
 way has a salutary iniluence on trado from its superior 
 capacity for carrying passengers, live stock, light and 
 valuable goods, and such as require quick and rapid 
 transj^ort. In this way it confers a benefit on the interest 
 of parallel navigation whether natural or artificial. 
 
 I find that besides tho million of dollars granted by the 
 City of Quebec, in aid of your enterprise, which is oc|ual 
 to Gold ; your com])any has received a donation of two 
 
 ! : IV, 
 
 I 
 
13 
 
 million ucivs of f jml.pr Imuls Irom the Oovonunfiil (.rfju.>. 
 Im'c, l»y ill! Art (,r ih.' I.cL'islaluiv, passed 24th UoeoialxT, 
 1h70. Those liiiKhs aiv eiul/i.^ "jI in I'our.'st'pariift' IJltxks, or 
 pimM'ls, ami iire di'seri)>«'4 on tJn- Map ofSmvt'y, as hcinir 
 covcird with pill.' liinbor, and .*omo with Nprucf andiiard 
 W(kmI. TiioN*' lands arr situated on the I p[»t'r Ottawa, on tlie 
 IJatisean, St. Pierre and St. Maurice ltiv«Ms. In the present 
 rapidly inerea-sint^ value of all ])ine liinher, and other solt 
 woods, consequent on their decr»»ase in Maine, New- 
 ]5runswick and Michisran, it would ho dilh«-ult to i)lace a 
 value on such lands without a thorouyh exjjloration of 
 the territory. From my knowledne of ',(« matter, it will 
 1)0 safe to consider that Fuur Dol/ars per acre would he a 
 very moderate estimate of their value ; and this opinion 
 will he fully horn out l)y th»' fact that white pine at 
 Quebec is now worth 2;) cents pt^r foot; as well as by the 
 lawsuit lately decided of Thomson vs. Perkins, in which 
 evidence was given, by practical men, that each pine tree 
 on the Oatineau, near Buckingham, was worth Four 
 Dollars, and judgment was rendered accordingly. It is 
 now very evident that in consequence of the growiii"- 
 scarcity, the price will in u lew years be much higher. 
 
 Wishing you every success, in your undertaking, and 
 hoping that the road will be rapidly built. 
 
 I am Yours, very respectfully, 
 
 JOHN YOUNG, 
 Late Prest. of the IJominion Board of Trade.