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Lorsqus la documant ast trop grand pour Atra raproduit mn un saui ciichA, il ast film* * partir da i'angia sup*riaur gaucha. da gauche * droits, at da haut an bas, sn pranant la nombre d'imagas n*cassaire. Las diagrammas suivants iliustrant la m*thode. 1 2 3 4 5 6 I THE FIRST AND SECOND OVTBR DIRECTORS AND ENGINEER or THK INDUSTEY VILLAGE & MWDON SAIL-BOAD COMFAKT, TO TBS nOIVTREAIi : PRINTED BY JAMES POTTS, HERALD OFFICE. ^„ I r .e ^ «J s?r 'm m ; ■^' 'f^- tt;^£i ijfe '^ ?l ,.^ J /! I .-.; y ' '•* ■:x:.i\Q /.uvf//7il /J itfsi!; j?^ i'i- I- ,-i£.:,JMee*l»rw."'*ir' r v^ -i ija^ «, •! .'J V. j'i\^5i«'r?.«uS?. M, va a:ir»ii^i .boei THE FIRST AND SECOND 't OF THE DIRECTORS AND ENGINEER OF THE INDUSTEY VILLAGE & EA¥DON SAIL-ROAD COHPANT, TO THE mOilTTREAL : PRINTED BY JAMES POTTS, HERALD OFFICE. 1853. ANNUAL GENERAL MEETING OF THB !3nliU0trq tillage k Jimkn Hailrnah to Pursuant to Advertisement published in English in the Montreal Herald, and in French in La Minerve newspapers, the Proprietors of the Industry Village and Rawdon Railroad Company, met in their Office, St. Paul Street, Montreal, on Tuesday, the 27th day of January, 1852, at One, P.M. The Meeting having been called to order by the President, it was moved, seconded, and car- ried unanimously. That Mr. Penny do take the Chair, and that Mr. Macbean act as Secretary. After a few preliminary observations had been made, Mr. Penny read the Annual Report of the Directors to the Stockholders and the Balance Sheet of the Books of the Company at 31st De- cember last. It was then moved i:y Mr. Glennon, seconded and carried. That the Report now read be received and adopted by the Meeting. Mr. Joseph made a few remarks upon the state of the finances, showing that the available stock taken up is quite insufficient to finish the Road, and recommended to the Meeting that they should at once look into the matter. It was then moved, seconded and carried, That Messrs. Penny, Glennon, Marchand and Joseph Tiffin be named a Committee to examine into the state ci* the affairs and prospects of the Company, and solicit additional subscriptions. Mr. Dorwin Moved, Seconded by Mr. Mc- Donald, That Messrs. Glennon and Pratt be ap- pointed Auditors to examine the Books and Accounts of the past year. It was then moved by Mr. Pratt, seconded and carried, That this Meeting do now adjourn until Tuesday, the tenth day of February— then to meet in the same place to receive the Report of the Committee now appointed to enquire into the state of affairs and the best means of carrying on the building of the Road, and also for the purpose of electing a new Directory in the place of those resigned, and such other business as may come before the Meeting— said Adiourned Meeting to be notified in the before named newspapers. EDWARD GOFF PENNY, Chairman* Wm. Macbean, Secretury, FIRST ANNUAL REPORT ' Of the Directors to the Stockholders of the Industry Village and Rawdon Railroad Company, at the General Meeting held in the Office of the Company, St. Paul Street, Montreal, on Tuesday, the 21th day of January, 1852. The Directors of the Village of Industry and Rawdon Railroad Company, now, for the first time meet the Stockholders, to lay their manage- ment and the state of the Company's affairs before them. Immediately afler their appointment they began the formation of the Road, and considering the limited means at their command, they have prose- cuted it with vigor. The entire length of the Road, 10^ miles, from the Village of Industry to Rawdon Line, has been gone over and fully surveyed, the Land in most instances amicably acquired, or arranged for — more than half of it paid for : the Grubbing and Grading done at an expense of o€l244 18s 7d, of which amount £268 16s remains due to the Contractor. A Tender for the entire Bridging and super- structure, which will not vary much from <£250 per mile, is in possession of the Board, from a respon- sible party. The Iron required, supposed about 220 tons, could at present be laid down at a very low figure ; and the Directors have only been deterred from making the purchase by the pecuniary condition of the Company, and now be^ to impress on the General Meeting of the Stockholders, the pro- priety of at once providing it. Tlir Directors are of opinion that should no unlooked-for enhance- ment take place in the price of materials and labour, the road may be finished for about the very mode- rate sum of £625 per mile, without Rolling Stock, or Buildings, a sum certainly unprecedentcdiy low in all Railroad calculation heretofore. If any item in the Expenditure warranted a passing remark, it would be the Engineering ; but when it is borne in mind that a thorough course of exploratory survey is a sure basis for future eco- nomy both in construction and working, the amount 60 expended must be held as well applied. The Directors have every reason io believe that if the Road is finished it will pay the Stock- holders well, give a vast stimulus to the country through which it passes, and materially aid Mont- real, by bringing immense quantities of Provisions, Firewood and Lumber to market at a cheap rate. This Road being virtually an extension of the St. Lawrence and Industry Railroad already in active operation ; the Directors hr.v© applied to that Company, requesting to be informed at what rate they will extend the use of their Rolling Stock over this Road — basing their demand on a per centage upon an equitably adjusted Tariff rate for Freight and Passengers, — such an arrangement would conduce much to the traffic, convenience and profit of both Companies ; and the Directors have every reason to believe that the St. Lawrence and Industry Railroad Company will meet in a spirit of liberality, a proposition that would so materially tend to increase their earnings. In submitting the Monetary Disbursements of the Company to the audit of the Stockholders, the Directors regret to say that notwithstanding the most untiring perseverance in collecting the Instal- ments due on Stock, and the most scrupulous economy in expending them, they have been but poorly supported by many of those Shareholders in Rawdon and neighbourhood, whose paramount interest it would be to have the Road early completed. The Stockholders in the City have with very few ex<;(j)tion8 paid the calls punctually as they became due, and indeed in some mstances, in order to aid the Directors, have paid them in advance. To the Gentlemen of the Seminary, for the ready and handsome manner in which they have 1 aided the undertaking by an advance of money, the Directors beg to express their obligations, and return them their sincere thanks. The Balance Sheet of the Books of the Com- pany is herewith laid on the table for the informa- tion of the Stockholders, and the Directors will afford any further information that the Meeting may recmire. No By-Laws having been framed for regulating the order of Directors retiring, and other matte^-s connected with conducting the business of die Company, the pre^ient Directors individually tender their resignation, and it will remain with the Meetmg lo elect a new Directory in terms of the Act of Incorporation. J. H. DOR WIN, _, , President. Montreal, January 27, 1862. JDJOMEDJH^^ HfiETIM. Pursuant to Notice given in the Montreal Herald and La Minerve newspapers, the Adjourned General Meeting of the Stockholders of the Industry Village and Rawdon Railroad Company- was held this day, the tenth of February, 1852, in the Office of the Company, St. Paul Street, at two o'clock, afternoon. Mr. Dorwin called the Meeting to order, when it was moved, seconded, and carried unanimously, That Mr. Penny do take the Chair, and that Mr. Macbean act as Secretary. Mr. Penny then read the Report of the Com- mittee appointed on the 27th ultimo to investigate the state of the Company's affairs, and to devise the best means of carrying on the building of the Road. The Report of the Company's Engineer, Patrick Macquisten, Esquire, was also read, and is as follows : — To (he Directors of the Industry Village and Rawdon Railroad : Gentlemen, — I have the honor to submit the Report of the characteristics of your Road, the amount paid out to this date, and estimated cost of the work for putting the Line in running order, together with the probable return for the capital invested. The Line commences at the Northern Depot of the Industry and Saint Lawrence Raihroad, crosses the L'Assomption River below Industry Village and proceeds to the Dalls, a point leas than three miles from the large and flourishing Village of Saint Jacques, from this point it proceeds in nearly a direct line to Rawdon Township at 4 1 Dugar's Mills ; the whole length of the Road being lOi iiiles, during which distance it passes near six mill establishments now in operation, and great facilities for many more. The Gradients are remarkably easy, averaging about five feet per mile, and there are no excava- tions in the line exceeding five feet in depth. The Road bed was originally intended to have been twelve feet wide in embankment, but was reduced to nine feet, thereby effecting a saving of nearly one-fourth in the cost of Grading. The Grading, with the exception of backing for abutments, is entirely completed. The Bridge over the Ruisseau Saint Pierre and a number of Culverts on the Road are about finished ; some portions of the cutting required drainage, and in such places Box Drains have been put, and Farm Crossings have been built for parties who were urgent in their demand for them. There are three Bridges yet to be built, the Su- perstructure has to be provided and laid, and Farm Crossings and Fencing, with a number of Culverts, have to be done to put the Road in running order. Plans and specifications for these works have been made out, and ofters have been received for the execution of the work at a block sum. ESTIMATE OF COST OF ROAD. Gradnig, Grubbing, Box Drains and Culverts, - - - -i:i,244 18 225 120 279 Engineering, Incidentals, Land and Right of Way, Lowest tender to complete the Road, the Iron being furnished the Contractor at Industry Village, 2,500 Iron, h^^O Stations, &lc., - - - - 150 Contingencies, - - - - 230 7 13 7 6 11 B X6500 10 Tlie Receipts of the Industry Village and Saint Lawrence Railroad last summer exceeded .£1400, nearly .£500 of which was received from Passengers, and it is fair to presume at least two- thirds of this traffic would pass down your Road, and the traffic from St. Jacques and other places in its vicinity, which owing to the bad state of the Road between them and Industry, at present reaches Montreal by way of L'Assomption or Saint Sulpice, will, on the completion of your Road, be diverted, and pass down the same to Industry Village, reaching Montreal by way of Lanoraie ; and with reference to the freighting business form- ing the balance of the earnings of the Industry and Saint Lawrence Road, it cen fairly be presumed, when taking into account the increased facilities for lumber and other manufactures, together with the comparative length of Road, that your Road must earn as much as that of the Industry and Saint Lawrence. Taking even the low figure of the last summer's receipts of the St. Lawrence and Industry Road as the probable receipt of your Road, and allowing that Company even 33g^ per cent, of the gross receipts for working your Road, leaves o£934 — the whole cost of your Road being but about £6,500 — will give a dividend of at least 12J per cent, the first year beyond all expenses ; and I am confident from the knowledge I have of the resources of the country, that, that is rather under than over the mark. I beg to submit a Map of part of the country lying north-east of Montreal, on which I have laid down a proposed Line from Montreal to join your Road ; this Line will pass by the extensive quarries of Terrebonne, and by the large and rapidly in- creasing villages of Terrebonne, Mascouche, Saint Roche and Saint Jacques, and will at Terrebonne receive the traffic from New Glasgow, Saint Th6- r6se and other large villages in the neighbourhood. WM u I expected before your Annual Meeting, to Jiave had prepared a report on this Line, and to have made some observations on another proposed Line which parties are getting up between Industry and Berthier, but I have not been able to finish my surveys in time to draw up a sufficiently detailed report thereof. Of the great importance of this Tiine to your interests, as also to that of the country through which it passes, and to the City of Mont- real, every one who has passed through tliat country must be aware ; and I have no doubt that a Line built on the same economical plan as that of your Road, passing through such a rich agricultural, and so near a fine lumbering country as lies between this and Industry, cannot fail to be one of the best investments in the country, more particularly if the Line from Berthier to Industry be proceeded with, as it will then form part of a direct Road from Sorel to Montreal. I hope in a very short time to lay before you a full report on the subject, with the necessary explanatory maps, &C. I am, Gentlemen, Your obedient servant, (Signed,) PATRICK MACQUISTEN, Engineer. It was then moved by Mr. Shipway, seconded by Mr. Tiffin, That the Report now read be re- ceived and fyled. Mr. Ostell, after a very urgent appeal to the Meeting, proposed that effort be immediately made in compHance with the recommendation of the Committee in their Report, to increase the sub- scription list to the amount required, — When it was unanimously Resolved, That the Shareholders should at least add forty per cent, to their subscriptions, and the gentlemen present ■ I 12 at once complied with the recommendation — on the condition that the required amount shall be obtain- ed within fourteen days from this date. The Report of the Auditors appointed on the 27th ultimo to examine the Books and Accounts of the Company was received and read, stating they had examined the Books and Vouchers, and found them correct. It was then moved by Mr. Glennon, seconded by Mr. Thomas Tiffin, That the Meeting proceed to the Election of a new Board of Directors in place of the former Board resigned, and that Mr. Shipway an w - >! GO «' -§ » •i I g £» 2 M . a. 2. B 2 E3 -a rs O n e « ■ o ' P m >0 !*»• «o ox Oi O ■'J o 00 o u< H- k o ^ oj > O ir^ &^ O w f 5^ o £S § ;§ 2 ^ s: ^"3. g. sr I- : : tw I g o : (^ i?d f : • • g g ? g" • w"5' 1 i s>"s-1 -So" : : |.i-g,: : i ^s•: • • • ^ J hi' ifk to 1-1 l-l ^ COK)i-'lO if'Uiif'OOOO SB t— . J it SECOND iNNm GENERIL MEETINfi. The Second Annual General Meeting of the Proprietors of the Industry Village and Rawdon Railroad Company, took place this day, Tuesday, the 18th January, 1853, in the Hall of the Me- chanics' Institute, Montreal, agreeable to Notice given m the Montreal Herald and La Minerve newspapers. The Meeting having been called to order by the President, it was moved by Mr. Glennon, seconded by Mr. Mathewson, That Dr. Cowan do take the Chair, and that Mr. Macbean act as Secretary. 1. ^L^^^*^*®" *"^^®^ ^y Ml- Perrault, seconded by Mr. McDonald, and Resolved,— That the thinness of this Meeting, occasioned by the stormy state of the weather, and the late hour of the alternoon at which we have now arrived, render it expedient to adjourn until to-morrow evening, to meet in the same place, at seven o'clock— and that printed circulars be sent to all the City Share- holders with this announcement. Wm. Macbean, Secretary. J. P. COWAN, Chairman. SECOND ANNUAL GENERAL MEETING OF THE Pursuant to Resolution of Adjournment from Tuesday, the 18th inst., notified by printed circulars sent to all the Shareholders resident in the City the Adjourned Meeting of the Stockholders of the Industry Vdlage and Rawdon Railroad Company was held this evening, Monday, the 19th January, 1853, m the Hall of the Mechanics' Institute, Montreal. ' The President called the Meeting to order, when It was moved and carried unanimously, That \'m *^;/of6P^i» Esq., do take the Chair, and that Mr. Macbean act as Secretary. The Secretary read the Annual Report of the Directors, and Balance Sheet of the aftairs of the Company, when it was moved by Mr. Pratt seconded by Mr. L. Perrault, That the Report now read be received and adopted by the Meeting, and printed for circulation among the Shareholders. Mr. Busteed and Mr. Fitzpatrick were ap- pointed Scrutineers to receive the votes for the Election of two Directors, in room of those retiring by rotation. ° Mr. Glennon and Mr. Pratt were re-elected Auditors to examine the Books and Vouchers of the Company for the past year. It was then moved by Mr. Glennon, seconded by Mr. Daley, That the thanks of this Meeting are due to the Directors for the economy which has characterized all the operations of the Company, and more especially to the President, J. H. Dorwin, Esq., for the untiring zeal with which he has pro- 16 secuted to nearly completion, and through many obstacles, the building of the Road. Moved by Mr. Fitzpatnck, seconded by Mr. Busteed. That the thanks of the Corporation are due and hereby tendered to Mr. John McDonald, for his gratuitous services as Treasurer. Messrs. Busteed and Fitzpatnck returned their Report as Scrutineers, finding Messrs Philemon Ducrar and Charles Phillips duly elected by a ma- iorftv of votes Directors for the ensuing year. ^ Mr. Joseph having left the Chair, Mr. Penny was called thereto, and the thanks of the Meeting tendered to Mr. Joseph for his able services as ^*^^^'"^""* J. H. JOSEPH, Chairman, Wm. Macbean, Secretary. I igh many d by Mr. •ation are IcDonald, irned their Philemon 1 by a ma- year. Mr. Penny le Meeting jervices as EPH, hairinan. SECOND ANNUAL REPORT Of the Directors to the Stockholders of the Industry Village and Rawdon Railroad Company, at the General Meeting held in the Hall of the Mechanics^ Institute, Montreal, on Wednesday, the I9th day of January, 1853. The Directors in now meeting the Proprietors at this the Second Annual General Meeting, can with safety congratulate them on the compara- tively improved aspect of the aftairs of the Com- pany. It will be in the recollection of some of those present, that at the former Meeting the progress of the work was suspended, the funds of the Company exhausted or withheld, and the whole prospect very discouraging. This state of aftairs, however, deplorable as it was, led to an eftbrt on the part of the gentlemen then present, which was conceived in liberality and carried out with energy, viz : adding hand- somely to their own subscriptions, and recom- mending the proprietary generally to do so ; this eftbrt was very successful in itself and encouraging to the Directors, and generally productive of the best results. Finding matters beginning to look something like a warrandice for proceeding, the Directors closed the negotiations then pending with Mr. Patrick White, the Contractor, by which that gentleman engaged to complete the Superstructure and Bridging, and lay down the Rails, if furnished him in due season, for £2600 currency, at the same time assuming in part payment the country subscriptions then outstanding, amounting to about je750, and take Stock in the Company for £150 additional. 18 At the opening of the season Mr. White had the works in full operation, and the Directors feel pleasure in bearing testimony to his assiduitv in labour, and courteous attention through the whole progress of the work. This great branch of the difficulty having been thus overcome, the Committee soon found a no less important one awaiting them — namely, the providing of the Iron Rails. Had there been at the time of last General Meeting sufficient encouragement to close for the Iron, it might have been provided at a low rate ; — bringing the cost price of the road, per mile, near to a former estimate — but soon afterwards the Iron market became unsettled, with a constant advancing tendency and difficult to deal with, and this was not the only difficulty the Directors had to encounter ; as the Iron advanced in price, the terms of its payment became more peremptory, and as the Directors had not been able to negotiate a Loan on tlie Bonds of the Company, the pros- pect again became somewhat gloomy. In this dilemma the Committee made application to cer- tain parties in the City, for assistance to secure a lot of suitable Iron which the President had learnt, was in the market, and these gentlemen, after in- vestigating into the state of our affiiirs and pro- spects, have, in a liberal and handsome manner, aided in procuring the necessary amount of Iron Rails, and on terms compared with the present price of Iron, highly advantageous to this Com- pany, whereby a saving of nearly jCIOOO has been effected, and the parties will in the meantime accept of Bonds for the same. Although a very considerable extent of time had been lost, yet aided as above, and favored by an open fall, the Directors were enabled to get the Iron laid down at Lanoraie before the close of the navigation, and it was transported over the Saint Lawrence and Industry Road to Mr. White, who lost no time in laying it on the track. 10 hite had ctors feel 3iduit\ in he whole ^ing been und a no nely, the General se for the V rate ; — nile, near irards the constant with, and ctors had price, the remptory, negotiate tile pros- In this on to cer- secure a lad learnt, after in- and pro- B manner, nt of Iron le present this Com- has been meantime it of time avored by to get the lose of the the Saint Hiite, who Finding the season still open and encouraging, the Directors in Rawdon determined to test the solidity of the Road, by treating the Shareholders in the country to a ride over it. All things being ready, on the 24th November, it way publicly opened amid great rejoicing in the surrounding neighbourhood. The President having returned to Montreal with this pleasing intelligence, some of the Share- holders there became impressed with the like desire, and the Directors extended the same pri- vilege to them also. On the 4tli of December, a party of about sixty of the Shareholders and their friends proceeded from Montreal by steamboat, and rode over the Road, and tliere are no doubt several here who can bear testimony to the solidity of the structure, lightness of the grades, and general thrifty capabilities of working it. The proceeding to Lanoraie by steamboat, and opening a new Railroad on the 4tli of December in Canada, are things that will no doubt be long remembered. In aiding them in these pleasing parts of their duty, the Directors feel great pleasure in expressing their warm thanks to Mr. Scallan, Manager, and the Directors of their sister Company, the Saint Lawrence and Industry Railroad, for the free use of their Motive Power and Carriages at that time, and for the general cordiality with which they have always assisted them. Preparations are now being made to erect a suitable Building and Turn Table at the terminus at the Rawdon end of the Road, and the Fencing will early be so far completed that the Road may be safely operated as soon as the snow leaves the ground. The President has entered into negotiations with the St. Lawrence and Industry Company, for the use of such part of their Rolling Stock and Motive Power as may be necessary at the com- 20 monccmcnt of tlic business season, and seeing tlie parity of interests that exist between the Com- panies, and tlie readiness of the other party to co-operate in whatever tends to mutual benefit, the Committee sec no reason to doubt that these matters will be easily arranged. Many of those present cannot have failed to notice the nature of the country through whicli this Road i)asses : it abounds in wood, water power and corn fields, and is at the mouth of ex- tensive timber berths, where much lumber is pre- pared for tiic American and other markets ; every tree that is felled will pass this way, and every acre that is reclaimed from the extensive forests in the neighbourhood will add a permanent contri- bution to our income, — and when it is considered that the Road is thus far completed for £750 per mile, there cannot be a doubt that it will, at an early day pay a handsome profit on the money invested in it, and oflTer such security to the Bond- holders as very few other Roads can afford. The Committee finding the Act of Incorpora- tion in some respects limited, applied to Parliament at its present session for an extension of their powers ; but the House rising very abruptly, the new Bill was so cut down on purpose to avoid op- position, that the Committee are of opinion it will yet have to be further extended, and for that pur- pose they have given notice of a fresh application to Parliament. Two of the Directors, Messrs. Dugarlmd Phil- lips, retire by rotation, and it will be the duty of the Meeting to elect two gentlemen to fill the vacancies. The retiring Directors are eligible for re-election. The Balance Sheet will now be read and laid on the table, and the Directors will be happy to aflford any further information in their power to the Meeting. J. H. DOR WIN, President. Montreal, January 18, 1853. ■ 'i 21 3ing the e Com- )arty to benefit, at these failed to h whicli I, water th of ex- )Y is prc- 3 ; every id every e forests it contri- msidered £750 per ill, at an e money he Bond- rd. icorpora- arliament of their iptly, the avoid op- ion it will that pur- pplication tend Phil- le duty of to fill the eligible for 1 and laid happy to wer to the I ^ n n n 3 ft ^1 • TO o MOO O O© p-o a. 1^9 J 5- o H o p f t> t/2 e >-' i-H t2r Cm El- S'-^'S 'Si ?? •3 ►1 ft! B <« 3 u O ens s : S * w • 4 a M 00 o CO ;o 0« W x^ •'^ - M O OS t« Ct *>ooa5S>-ici 09 Oi to l-i CO M 00*-' W0>M--I 52. 3 00 CI to *' s M to I Resident.