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ARTHUR LEARY, Treasurer. RICHARD P. BUSH, Secretary. ' I \ WALTER HEUGH, Agent, 76 South 4th Strbm, Phil DAVID B. MCKAY. Agent, 180 COMMMOIAL StIIMT. B08T0N. ,' 1 , \ real. York, 't. Vark. tESIDENT. w, Phil. CHARTER. -♦■»■ PROVINCE OF NOVA SCOTIA. Anno decimo-sexto Victoria! Regincc, Chapter 50. An act to incorporate the Acadia Freestone Quarrying and Manufacturing Covqmny. Beit enacted, by the governor, council, and assembly, as follows :— 1st. Alexander P. Ross, Daniel Dickson, Henry Coggill, Artl.ur Leary, William 'J. Emmett, and such other persons as are now or shall become shareholders in the corporation hereby established, th|k suc- cessors and assigns, are created a body corporate by the namefflSlhe Acadia Freestone Quarrying and Manufacturing Company," fofthe purpose of quarrying, manufacturing, dressing, exporting, and selling stone for building and other uses. " 2d. The capital sto^k of the Company shall be seventy-five thou- sand pounds, to bo divided into fifteen thousand shares of five pounds each ; and the Company may liold real estate and quarrying rights in any part of tlie Provinces to the value, hi the whole, of twenty thou- sand pounds, with full power to quarry, manufacture, export, and sell all stone belonging to such corporation, either in this province or else- where, as the corporation may think fit. 3d. The by-laws and list of shareholders shall annually be regis- tered m the registry of deeds for the county of Pictou, and the Com- pany shall not go into operation until three thousand pounds are ac- tually paid m on account of such Company. w 2" ■■«'».;^^2:::!;i:::; T"^ '■■ -« » „„.„ ^<'''- No member of »Jw. . / P"vate i,K,ivi,„„, ' "- %pty or a,, bod, corporate Ir «OVEKNMKJVT iiousK, '^a'ie perfectly fiiction of the ■ / "1 ni« person -ater amount, 'terfere witJi^ corporate, or BY-LAWS OF THE ^opy of an r AND MANUFACTlJlilNG COMPANY. Jvernor. ARTICLE I. /*, The business affairs and concerns of this Company shall be under the entire control and mahagf'nient of a Board of seven Directors, who shall be elected by ballot by ^e stockholders from among iheir num- ber, as hereinafter provideclip ARTICLE IL There shall be an annual meeting of the stoctholders on the first Tuesday of April ih^each year, at such place in the city of New York as the Board of Directors, for the. time being, shall determine upon, at which meeting the Directors shall be elected; and the Directors ^hall hold their office until the next annual meeting of the stockholders after their election, and until others arc elected in their place ; and the Board of Directors sh^l, before' each election, appoint three suitable persons as inspectors of- such election. / r ^y, 6 . ■ ■ ' ^fiT/CXE V. i^rtse there slinli i «PPoiDte«J for thJ "" ^'''^'ion ,./• /,■ »"^ «t each aV ^/ '7' ''^P«''-'Vfor t i^^"' /" ^''« -'y of .Ve\^. ' • . "' "'c Company. - "-. . , ' '*"''P'«'^e of meeting, r X f '"''«' on the ne, and nn'tiJ '«"» sLal/ ho '• R- MarsJj, directed to each Rt6ckhoUler, at hm pl&ce of biminewi or residence, shall j be deposited in the Post-Oflice in the city of New York, at least four- teen days before each of such meetings. \ • ARTICLE VIII. Ilic Board 'of Directors shall have power to hold such regdlar.and , special meetings, and upon ,8i«^^otice, and in such manner, in «very \ 4"e8pd»Bt, asjjrey shall deem proper. ^ ^ ARTICLE IX. T|ie Board of Dfrectors shall appoint one of their number Presi- dent, -and one of their number Treasurer, and may appoint some suit- able person Secretary. Tliey may appoint all agentfl necessary and expedient lo conduct the business "of the Company, and remove the same ; and may from time t64'ime Rx the compensation to be allowed to said officers and agent*, and ma* make any contract in relation tQ the subject which may bft deemed necessary, and adopt such rtiles and' regut^tions for the better government of thqir affairs and agents as may be deemed advisable. X , , > articIe 2^. -^ "tlacb share of stock shall entitles the holder thereof to one vot« * upon every qu/^stion submitted to the stockholders, at an annual or special meeting- of the same; and every. stockholder shall be entitled to appear at every such meeting in 'person or by written proxy. \ \ ,y ^ ARTICLE XL The form of scrip for the stock, and of making transfers thereof lipon the books of the Company, shall be such as'ie now in use and^ adopted by the Company, subject to tlie control and alteration of the Board of Directors ; and bo transfers of any share of stock shall be valid unless such transfer shall be entered on the books of the Com- pany, nor shall such transfer be made until all instalments and assess- ments previously due or ^ade upon such share of ^tock shall have- been paid. ► ,^ • ♦ \. ^ ■u 8 •.■> paid, rn ARTICLE xn "^''- ^ the ;jy\'2 «^ '^e Board of D^L ^'^" ^^'"-" "n- .«" «"nis of ,„o„ey pX .7; ^^' ««ch notice, or fh^ ^ ^'^ «»«h i„. '" «««« «"eh party S ""^?'^ ^^''^i be forfeited! m '"•'^ «^««t and "ame siaj; ho .„_. . '*" "'^neys Paid fl...„- -^^''''^ctors shaJJ d«]. ^^->i«toctaJr^^«^«'*heBoaruo.,„> , ^^•"esiallbe forfl^' "'""'^« P^^^ thereo^to ' "'" '''?^' ^^^^iar -^ «- certifieat fiT' T ^^^-^ the p^ ! '^ 'r"^'' «"^ the ^toct, shaJ] 1,0 vot' ' *"^ «^«" have been ITT' ''' ."'« Con, f sued for such " The Board of D" ''''^''''^ ""'''■ 'n» entitled, and to JIJ/J'""'""' >^ -vftich It J ARTICLE XV the DirectX' *^f '^"*>^ «f the President / 9 ^a'J remain «„. *o give written ^ pay such in- ^"chstoctand ^^'■ore the ex- ' «h?Ji decJare \^^'^ and the- 'e Company, '""d for such ♦"" fime to ^ 'hey may '"' no divj- ^ted to the ' case any anner, the 'o which "Poii said the affairs of the Company ; to have under his care all the books and papers of the Company, and he shall have all suoh power and author- ity as shall be delegated to him by the Board of Directors. ARTICLE XVI. The Secretary shall perform all such duties and have all such power as shall be imposed upon him by the Board of Directors. / " ARTICLE :^I. The Board of Directors' ipay devise and adopt a seal which, after such adoption, shall be the common seal of the Company. ARTICLE XVIIL The office of the Company shall be in the city of New York. ARTICLE XIX. All action and proceedings of the former Board of Directors are hereby adopted and confirmed. ^-r- f>ant or a" from ^'1 from 3d pay- ARTIOLE XX. The l^resident and Ditectors, if authorized at any meeting held in pursuance of these By-Laws, by a vote of the stockholders represent- ing a majority of the stock, may sell, mortgage, convey, or in any manner dispose of or pledge the real and personal estate of the Com- pany, and its quarrying rights, privileges, and franchises. lj?8 0f fthe iitof ARTICLE XXI. All deeds, documents, conveyances, mortgages, and instruments in writing of, or relating to, the real estate of the Company, shall be made "and executed by affixing the common seal of the Company thereto, and by the signatures of the President and Secretary subscribed there- *«' f*? order of the R . ^^ •"■"* - "« ''^:^::i7zr --^' c: c; '- ''»" - ^^eCompanj. ^^''^^'^'^tmg two- ..o((r-^ ^ t.--' '^^> when so eje- *^'e'n, shall bo ""^^■'■ngof the ' ^«'- that p„r- •esentingtwo- PROSPECTUS. Thk Acadia Freestone Quarries are situated at the head of Pictou Harbor in the Province of Nova Scotia, and about four miles from Pictou. The Company o\^ns a tract of one hundred and two acres of land, containing within itj^ bounds freestone of a superior quality for build- ing and other purposes. The works of the Company consist of its quarry openings, its quarry apparatus, and a pior extending out into the waters of Pictou harbor, upon which the Corilpany has a railway connecting with its quarries, being a mile and a fifth in length. This pier and railway have been constructed at considerable ex- pense, and enable the Company to place stone on board vessels with great facility. The qiiantity of stone heretofore shipped by the Company has - been limited, owing to the imperfect apparatus for quarrying, and the want of sufficient lifting power, and consequently, it has been impos- sible to supply the demand. This will be remedied, as the Company has ordered from Scotland two cranes of the most approved construction, and have every expecta- tion of shipping, when the contemplated improvements are finished, from five thousand to twenty thousand tons per season. The Acadia BVeestone has been used to some extent in the cities of Boston, New York, and Philadelphia, and in each city has given per- fect satisfaction. It has now become a favorite building material in the latter city, and the demand there ^one is now cu'eater than the Company can possibly supply witli the present faciliti^. 4b ■tjr ""'•«'''„ „f t„. ' "tone „ ,,,,, ,j "/■"WO to 11,0 air. '""■'"■'I •ilk U,o '!""*''. it i. „„. , " '""""fldcMlvM,. , , ■"""''''»« material ''■• "e» and o,.„„„,,„°"'' " *»"• of ab„„t«,,„. " *•" »„„ h„„j,,j «» e«*„, „pp„rt *'7*:'"«'' - |.eo„l,a" „ ,r ^^'^ ""•*■ '""" , ^-"""S 'ke 0.W b,,,,. •^■•^"""'«"'«..tree^ """^ o„ ct.r :;: ^-»' « is;; 7*"« or :; ;« er„„u,d d„ri„, J'T' • "'^ l««e «„ J™'* ' «.. ; s^.„,^,. X '^ most perfect J'te.s, eombiniag '^ "J a building fr^'estone, viz., "■'^d. it i8 sus- ^^''c, and, by '^'striictibJe as •lontaJ wort, ^"periority in '"g mattfrial Beds only to ^'versal nse 'oftness and stone for "rison, on process of - hundred ^H from "» affords 'he stone welJing. ison, of seen in street, ^f this >f Mr. jnies' *'iiioh f the 'One, !oin- •13 At Boston, oil Temple street, is a dwelling-house erected in the year 1855, of this stone ;^ and at Cambridge, tlic Trustees 6f Harvard University are now erecting of the same a large chapel, of the gothic style, at a cost of some fifty thousand dollars. • • The cost of the stone in the United States varies at the different ports, owing to the difference of freight, which, to Philadelphia, is less than to either Bqston or New York. • The actual cost of quarrying a ton of stone and placing it on board vessel on the Company's wharves at Pictou, will not exceed, as has been clearly proven from the shipments heretofore made, two dollars and a half. ., /^ The freight on a ton of stone from Pictbn to Philadelphia, will not average higher than throe dollars, making the costof a ton of stone at the wharf in Philadelj^ia, five dollars and fifty cents. The average price of the stone per cubic foot, at Philadelphia,'is seventy cents, which, for a ton of fourteen cufeic feet, makes nine dollars and eighty cents ; from this is to be deducted all expenses of discharg- ing, carriage, trucking, rent of yard, cpmmissions of agent, &(;., say fif- teen per cent, on the sales ; making one dollar and forty -seven cents per ton ; the profit on each ton of stone may then be shown as follows : — Price at Philadelphia, per ton of fourteen cubic feet, at 70 cents per foot ; 19 go Cost placed on board vessel at Pictou $2 50 Average freight to Philadelphia 3 oo All other expenses, including comniissions of agent. ... 1 47 6 97 Profits, per ton $2 83 This is believed to be a liberal estimate ; and upon ten thousand tons, an amount which the Company will be able to ship without difii- culty each season, would leave annually a niit profit of twenty-«ight thousand three hundred dollars, which would enable the Company to divide a dividend of seven per cent, among its stockholders, and still reserve a large sinking fund. But there is every reason to believe that, with an expenditure of twelve or fifteen thousand dollars judiciously made at the quarries in the erection of extra cranes, and the application of steam power, that the u., ,, ... .*#.• ^"•npany wiJI be alio , ' ^-«da, were Sied ""^^ ^'^ ^^^-ss of «• w- r^^'^^a' miner, a„d f ^^^''^^ "'« «ervL of r' ,^"^'«'" ^«g«» of ^«"«and tons per' '^f be proportiou- '" the course of J^m Logan, of ,^Oatey,%,a ^'Do^v engaged '«te a pereona/ «"^ to make a ""^^ a most 'ports acconi- ' of the h^gh. "■e- as to'the EEPORT. ^ro the Stockholders of the Acadia Freestone Quarrymg anU Manu- facturing Company : GENTLKMKN.-Being engaged by you to inspect and reporlDupou y6ur quarnes, I beg leave to state that I left Montreal on the 23d of M^rch last, for Pictou, which place I reached on Saturday nK.rninff the\28th of March last. ^ ^' U Monday the 30th of March, Mr. Ro^ the Company's agent, and ipyself, commenced an inspection of the quarries as to their capa- bihtie^to produce a large quantity of stone ; also, to ascertain what improvements would be necessary to enable the Company to work thera to advantage and profit. Mr. Ross leaving here to-morrow, to attend the annual meeting of he Company in New York, I am able to furnish by him only V very brief report; but as I intend to remain here two weeks longer will let you have a more full and complete explanation of all I think necessary to guide the Company in their future operations on a laige scale I have spent the last four days about the quarries with this object 111 view, and I have no hesitation in stating that the quantity of stone in the quarries is sufficient to yield any amount. I would here sug- gest what improvement is requisite to put the quarries in fair working order. , ° The line of direction of the stone in the quarries extends for a quarter of a mile from the opening that has been worked by the Com- pany since its organization, which I call No. 1, to the division line between the Company's land and lands owned by Mr. McKenzie About midway that distance is an opening made, which I call No 2* and which was worked before the Company was organized, and wher^ the stone is of the same quality as No. 1, and taken out with equal ease. ^ I find tliat in following the .ame line of direction, an opening has ^ o^iLrjeCiir '"^ ^" ^^'^"^'^ ""' ^'''^ ^-^— -« I have no hesitation in saying that the supply is almost unlimited For opemng up, properly improving and enlarging Nos. 1 and 2 laymg branch tracks to connect with the main line of railway xtra wagons removmg rubbish, draining, cranes, and other lifting ap" tus, cas ,ron pumps, &c., will require an outlay of at least fourTou sand dollars, and should be done immediately. '^' ^^uv ti^on- Tins wdl give your quarritis an extensive face of over three hun dr^d yards ,n length, and will afford ample room for all oplt J' piles of the railway bndge, to secure them from injury by ice and in time will njgke the same solid. ^ ^ ^ ' " These improvements would enable the Company to suddIv anv demand tey might have for stone, in quantity from' five o' wen v housan tons or more, in a season; an'd the Ine, without IbT "ItwodX 1r ^^^«^^--'« «^ fro™ two dollars and ' cotL more 1 "I «»--1"«rters per U>n ; and as the quarries be- rreduce;^^^^^^^^ opened, |e cost of production will be.eonsider- ^U^t^:::^^^ that all good buildingstone be n^aterials and placing o^ Z^ Ul^ '^^^'"^ "' ''''' "" ^""^^ I will have a more extended report to make shortly. I I am, gentlemen, \ 1 Your most obedient servant, A.»^' ri • L. RICHARD OATEY Acadia Quarries, Pictou, Nova Scotia, 3d Aprilj 1857. an opening has 1 produces stone tmost unlimited. ig Nos. 1 and 2, f railway, extra lifting appara- least four tliou- >ver three Iiun- all operations. ed avound the by ice, and in to supply any Sve to twenty nthout doubt, dollars and a le quarries be- ll be^consider- ding stone be :e scale, two a practical rpenter used ip machinery tioned as the lollars and a. hole expense ir all quarry 3ATEY. 17 ■ REPORT. To the Acadia Freestone Quanyinp and Manufacturing Company : Gentlemen,-! bog to hand you a more full and general report on yourquHrries. As has already been said in the former Report the length of the .juarries is a quarter of a inilc on the Company's lands- the height of tlie n.ck above the drainage level is thirty f.-ef, and the top IS overlaid with about three feet of rubbish, on an 'average. The dip of the stratification of the be.ls is about twenty-two and a half de- grees, or siv inches to a foot. At the upper part or crop of the quarries at the surface, the beds consist of flags of a very good description, which can be taken out of a large size and of various thickness, from two to eight inches, m„re or less, whi.-h can be .used lor pavements, .-ellar floors, platfonns, &c., ,tc., and can always be .lisposed of at remunerating prices. As y'ou go down in the quarries the beds thicken from eight t.. twehfe inches, from that to eighteen inches an.l three, fe.'t, np t.. sixtee/. feet, out of whi.-l, you can out your largo blocks of any sizes that may be wante.l % following the dip you will have to quarry under the drain- age level, towards the brook, twenty tVet, more or Ic.s.., where the Ix-ds are thick and the stone of a good quality. The Company then will re.,uire a steam engine of not less than twenty-five or thirty horse: power, wh„.h can be used for pumping and lifting, and ..ther purposes; however, until the quarries are more extensively opened, the present engine will serve for pumping. Observe thM in quarrying there will- he a great variety of sizes of stone, yet all of good quality ; although a very great proiwrtion, if wanted, may .;ousist>f blocks of a large size say trom two to six tons or more. Hut, as has been mentioned in the lornier Report, for keeping. the quarries dear, and also to save time and labor, by only giving the stone one handling, all the various sizes, ,,s they arc taken out of the quarries and prepared, must be indiscnijimately shipped. If so, I have no doubt they can be quarried and put aboard ship here at a less sum per ton than was named in a former Report, and I wish you to understand me not t.) mean either stone of such a small size as to be worthless, or of inferior quality-, when T say they should be shipped indiscriminately, but good building stone that would be considered merchantable in any part of the world. I have ^ . ■ ^_| ^ / 18 / spent a grekt deal of titno sincn r l » ^ convnced that ., fi^st imprc.iol /eSt tl" ^ ""^ '"">' ' «- he snppi, , almost .u-liJu-d, and S S " ""' ""'^' -^ ^'^^^ «nd *e trade fi,„, ^„„ j„ ,. m4t be J j fif ,T ''''''''' «P-^'^. Hiave seen here a,copy ofZ V'J T ' '""•^^'•"• '••"'^^'•«^"<' they can bel/^coni M ^ ^""'"^ ^'^'"^-^^ (-^ich - ^ ■^ closely ex- « fi'l'y I am >«Tect: that •rly opened, rn. siicJi pricea itfs (which little such Quarryinjr acilitics of I Harries to vhich ves- the stone, » become generally U^. S . • , ''■r'""!'' """ '- ''"^ '••on. tl. • '"iaterid, viz. :_ " ' i' " *'0 '•:'";"^ -^. l-ti.uhuly the hon.ses of ^;5t'li<^e.ne, yourob'tsm't, «MirH McKav, E8,j. KVKAND WALSH. I certify thart freestone r'epresente,! fir . ^'•^tou, Nova Scotia, was used H '* ^ """ " ^""^ ^^'■•^ l>"iicling. erected, i„ the;';; Isf^"' "" ^^''" ""^^^'U^M^ ^t has been found to stan.f tl.; .■" - WHP^ ' tJKO. BENNEIT, E '-Cf i„, ,, ' Assistant Collector, f'jg^f"^ Newfoundland, ^ .u^ your kiiij « " I'irtuu J frt'in tlie • >iial oliscr- \ 21 ^ Bank op Britisii Nojith AuKRirA, St. Johns, Newni, Dec. 10, 1855. *(^<)» application of MK Sinitli McKay, I horeby certify that free- **"" •u'"'*^''*' ^^'*^''" ^'"'■■'■y. •'i'^'toii, Nova .Scotia, wasj I uuder- "..Jw ^ '" ^'"'.'"'■""t «'"' "isiJe work of this bank, which wa» (■f)'iJrL'Ct<'(T?h«'re in the vear I841>. Tlie above stontv has been fonnd to stand the climate of this country, and I safely rccofiTnu'nd it^Ra. good building material for either outside or inside work. ANDREW MILROY, Manager. I certify tliat freestone" from Acadia Quarry, l'icto■ J I .1 • ^ • ■ ' '« 1 - 41 1 . ^^^^^jj^^k - * .- • {^ r#