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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 avera<!:e nelt 
 earninjxs on all the Canadian Kailuavs heinir ahout if!2,0()0 
 per miU;, there is no (>XMirLrerali(»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 <t* -V. 7>. 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.<s,s2 
 
 1.24i) 
 
 Boston and Maine, 
 
 Mi; 
 
 1l',.S10 
 
 ;i,7(')() 
 
 Maine ('(Mitral, 
 
 11(1 
 
 5..Hl>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.