Pcl8 6.'TI ■* > • > • rj < • f » T * • • ' • • * til THE EA}XWAY COMPANY, AM) TIIK New Brunswick Railway Co. (FROM FREDERICTON AND WOODSTOCK TO RIVIERE DU LOUP.) Total Authorised Share Capital, .... $3,500,000, DIVIDED INTO 35,000 SHARES OF $100 EACH. In addition to the Share CapitaU poorer is reserved to borrow to the extent of ^15,000 per mile in Mortgage DeheiUures hearing 6 i^er cent, interest. » ■»■ . PllOSPECTUS. These Companies are formed for the purpose of construct- ing, under Charters granted by the Dominion of Canada and the Province of New Brunswick, an important com- mercial line of Railway from Fredericton and Woodstock to Riviere du Loup, so as to form a continuous line from Wcvstcrn Canada and the St. Lawrence to the Citv of St. John, New Brunswick. It will be a continuation of the present system of rail- ways in New Brunswick, connecting with the European and North American, and Fredericton Railw^ays, and the New Brunswick and Canada, and Woodstock Railways, the Grand Trunk and Intercolonial Railways at Riviere du Loup. (See Map). The distance to effect the connection between Wood- • 8 QUEBEC AND NEW BRUNSWICK Etock and Riviere du Loup is about 189 miles, tlie total distance to P^-ederieton l)eing about 21)2 miles; or, to- gether with a Branch to Woodstock, -40 miles. Surveys have been nmde of the route, and estimates prepared, from which it has been ascertained that the cost of construction will not exceed $25,000 per mile. The Legishitures of New Brunswick and Quebec Jiave granted in aid of the undertaking the nmnificcnt donation of li,400,000 acres of Crown Lands, to be given to the Company, as the Railway is proceeded with, from tlie Counties through which it runs. This aid is expected to })e supplemented by subscrip- tions of fetock from the Counties along the route, as well as from the City of St. John. The commercial advantages of this undertaking are as follows : L It is, as declared by the Montreal Board of Trade, the shortest and cheapest rente for freight from Western Canada to the Atlantic at St. John, where there is an open harbor all the year rcanid. IL It is the most direct lonte to Quebec for ])assengers to and from Europe, either by way of St. John, or by .\nnapolis and Halifax. III. The distance from Quebec to St John via this route is shorter than by any other route ; being per Intercolonial Railway, 573 ; per Western P]xtension, 606 ; per Sherbrooke line, 445, and by this Railway, 425 miJes. IV. It will connect with Quebec the terminus of the North Shore Railway, the Canada Central, and ultimately the Pacific Railway, making St. John the winter port of the shortest Pacific line on the continent. V. The maritime provinces of New Brunswick and Nova Scotia depend principally for flour and other articles of consumption upon Western Canada, and nearly all this traffic will come over this Railway, because, in addition to the shortness of the route, it will avoid the necessity of forwarding in bond through the United State, and also extra handling, transhipment, and insurance. There will RAILWAY COMPANY. 3 be a return trafllc in West India produce, European and other imported goods, etc. VI. The local trafUc will be remunerative, the proposed line passing through a comparatively well settled and prosperous district, especiidly gifted with abundant water power, with plentiful timber and other raw materials for manufactures, and with undeveloped agricultural resources capable of sustaining a very large population. VII. The lands granted by New Brunswick will im- mediately produce by sales, leases, and timber licenses a revenue to the Companies apart from the tralUc of the Railway. VIII. It is estimated that the increased value of these lands will redeem the debentures, leave tin; Railway un- encumbered in the hands of the Shareholders, and at $2.50 per acre pay for the cost of the Railway. IX. It is intended to im})()rt laborers to work upon the Railway, to whom will be given free grants of land upon condition of settlement. X. It is also the intention of the Comi)any to import and induce settlers in every possible way, by sales of land at low rates and long credits, thus realizing profits from the lands as well as Railway. XI. The Tratiic, estimated from existinc^ data and returns of other Railwavs under similar circumstances, is as follows : Local Passenger Traffic, $149,000 per annum. Through Passenger Traffic, 86,400 do. Mails and Sundries 20,000 do. Through Freight from Canada,.. 144,000 do. Return Freight to Canada, 100,000 do. Traffic in Lumber, 150,000 do. In Farm Produce 00,000 do. Supplies fromSt. John, St. Stephen, &c. 80, 000 do. Total Receipts, $789,400 do. Or $8,400 per mile of Railway. XII. The working expenses are estimated at 60 per cent, of the above sum, or $473,640, thus leaving $315,760 nett earnings. $216,00O.gcr; aiinujTi.Kill;hiD j;equireil to pay the interest of the D^J•iGi^t^ies• 5)('1iigi[i:t)alH|icp bi^ $100,000 to the shareholders. ' 'All adcTftioii of obry $4^,000 fd'this amount, •.•"#• • • •. • • * • ••♦•• • ••• .. • •• . * .. ...... •". .. QUKBEC AND NKW UnUNSWlCK liAlLWAY CO. to ])e derived from Land and Timber Kevonnes, woidd f^Wc the shareholders a dividend off! percent. 'Die averaXMirLrerali(»n in tht; above account. XIII. Kvery k?hai(!holder being a proprietor and a i)artner in the nndertaking, has a right and interest in the land, to the extent of his shares, and cannot sulfer loss. The neces- Kiry share cai)ital being $ln, ()()() per mile, and the grant of lands 10, ()()() acres ])er mile, every dollar paid in is repre- sented by an acre of land. ALKX. GIP.S()X, PrcKidcHt y. II. Uaihraif Co. II. G. C. KIvICIIUM, Director Quebec . liailvay Co. STATEMENT SIIEWINCJ THE EAI?\IN(iS OF PIMNXIPAL IJAILWAVS IN CANADA. MAINE. NOVA iSCOTlA AND NEW lililNSWlCK EOll l^G'J-70. Length Gross Nott Name of Kuilway. of MllCN Ktirniugs KiirniiiRS worketl. per mil*'. per luilr. Great AV(>stern of Canada, 3:^4 $11,77!) $(),448 (irand Trmd< of Canada, i,;is() 5, ISO 1,1(15 Northern Kaihvay of f'aiiada. 1)5 7,0(14 1,778 K. & N. A. i\aihvav of Maine. 45 2.4 i,(;;)7 Portland, Sacot^ Portsmouth 51 1 1,275 ;;,442 Atlantic and St. LaAvrence, 150 7,270 1 ,:524 E. & N . A . Ivaihvay, St . ,lohn and Sh(Mliac, 10« 1,700 524 Nova Scotia Gov't Pailwav, 145 i,i)acs no account New Pi'unsAvieU and Canada Kailwav, 111) 880 •f Total Mileaire 2,(188 " (Jross Earnings $1(>, 580,1 17 " Nett Earnings $5,147,H40 Average per mile (Jross Earnings $(1,180 Nett '' $2,120 Quebec and N. B. Paihvav estimated Gross earnings, $3,21)0 • ■ :". .••^; ;*;*V'. : isiitf. •': " $1,315 ~l — t * I ' / « 1 • — «— ^ »- CuoPLEV & Gregory, rrinters, Queen Street, 7''rederieton.