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 ^OVA SCOT/4 
 
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 Statement, &c. 
 
 International Coiil iinir |lailtoiig Compiinn. 
 
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 000 DOLLARS 
 
 3, $30 EACH. 
 
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 , (^^, President. 
 
 ^ EN, Vice-President. 
 
 ', Treasurer. 
 
 AY, Secretary. 
 
 *^ Gen. JOHN A. DIX. 
 )^WILSON G. HUNT, 
 ^^PETER C. VAN SCHAICK, 
 Rev. HUGH McLEOD, D.D. 
 MILLER, 
 
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 AND JOr- PRINTER, 
 
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 INTERNATIONAL 
 
 ^ul and fiailwag (f^awpng, 
 
 OF NOVA SCOTIA. 
 
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 iivcorM»oiiiVa^i3i>, iho4. 
 
 CAPITAL - 1,000,000 DOLLARS, 
 
 20,000 SHARES, $30 EACH. 
 
 Ofllcers. 
 
 A. C. MORTON, President. 
 
 WILLIAM A. HADDEN, Vice-President. 
 
 HENRY DAY, Treasurer. 
 
 ALFRED MACKAY, Secretary. 
 
 T>lre«tors. 
 
 A. C. MORTON, Gen. Jt)HN A. DIX. 
 
 WILLIAM A. HADDEN. WILSON G. HUNT, 
 
 (JEOROE T. ADEE. PETER C. VAN SCHAICK, 
 
 HENRY DAY. Rev. HUGH McLEOD. D.D. 
 
 WILLIAM P. MILLER, 
 
 OF-PK^E, :j» pine stueet. 
 
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 NEW YORK ; 
 HENRY TOMPKINS, BOOK AND JOF PRINTER, 
 
 No. 60 WILLIAM STREET. 
 
 1867. 
 
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 THE I 
 
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 INTERNATIONAL COAL 4 RAILWAY CO. 
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 |ntevnnti0nat €$1x1 and ^{uiUray (S^ompang, 
 
 OK NOVA SCOTIA. 
 
 CHARTER AND ORGAN l,' ATI ON. 
 
 Tins C()ini>;iiiy \v:is iiicoi'pol';!*"'! mnlcr the Imws of 
 Nova Scotiii with ;i cMiutal of oiu^ million of doUars. 
 Tlio ciuirter •'raiitcil l»vthi' rrovinciii! Parliament is com- 
 prcl)ensivo and liberal in all its [)rovisions, giving the 
 Company authority to hold and work coal mines, to build 
 and operate railronds. to hold wharves and ])iers, and for 
 transacting all business connected therewith. Annexed 
 will be Ibund the ciliarter and all acts amending the 
 same. (See appendix A.) 
 
 PROPERTY OF THE COMPANY. 
 
 The property <>f the Company is situated in the Island 
 ol'Cape Breton, Nova Scotia, and consists of coal mines, 
 and timber, and im[)rovcd lands. The coal areas are sit- 
 uated on the sea coast, a distance of from twelve to fcnir- 
 teen miles easterly of Sy<lney Harbor, and endjrace four 
 S(puire miles of territory in one body. These coal areas 
 are held under leases direct from the Government, ex- 
 tending to a period of sixty years (see act of Provincial 
 Parliament May 7, 18»)()). The royalty to be paid the 
 uovci'imient is ten cents per ton for all coal shipped not 
 exceeding two hundred and lifty thousand tons per an- 
 
ppppppp 
 
 num, and on all coal over and above this amount live 
 cents per ton. Upon these coal areas there are live 
 workable seams of coal, which underlie nearly the whole 
 property ; one of these coal seams was worked for several 
 years before this Company came into i)()ssessi()n of the 
 property, and since that period these workiniirs have been 
 extended and improved. 
 
 A new h)uble-ti'a('k I'ailway has been laid the whole 
 length of the incline, with friction rollers, platforms, wire 
 rope, &c., for raising coal from the mine. 
 
 New pit wagons htive been constructed, of improved 
 form and efliciency, the tracks and gangways of tiie mine 
 have been improved, and the whole interior workings put 
 in a condition for enlarged and eflicient mining opera- 
 tions. 
 
 An engine house has been constructed at the head of 
 the incline, and a new steam engine erected, bv which 
 coal is rapidly and economically raised to the surface. 
 
 At the present time, the mining of coal is carried for- 
 ward by two levels, one oi' which is directly ('onnected 
 by a passage-way opened to the sea-shore, through which 
 the water of the mine is conductcHl to the ocean. The 
 other level is timrtecn feet l)el()w the one above mentioned, 
 and the water which collects on this level is pumped up 
 to the upjK'r level, and thence it linds its wav to the 
 ocean through the abow miMitioneil passage, bv natural 
 drainage. The water of the mine is so lin)ited in amount 
 that heretofore there has been no dillicnltv. under the 
 favorable condition of the workings, in frc(Mng the mine 
 of water l)y the labor of one man, with an ordinary hand- 
 pumj). But ami)le and elfective provision has been made 
 to meet any emergency from the rapid or unexpected in- 
 crease of water in the mine. 
 
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 An air passi(<re is also opened from the interior work- 
 ings of the mine to the beach, which, in connection with 
 the opening down tlic incline, creates a current of air 
 which eflectually ventiUites the whole mine. 
 
 This coal seam lies between two beds of rock, uniform 
 and regular in structure, gi\ ing a remarkably smooth and 
 safe roof and floor for the mine. The entrance to the 
 workings is only a lew yards from the sea shore at the 
 mouth of Cadigan's Brook, where there is a small wharf 
 which is connected with tlie mine by a railway track. 
 
 Building.-; of sullicient size and nund)er have been 
 erected for the accommodation of tiie present force of 
 miners, and fen- shopwork and store and storage purposes. 
 It is contemplated to add to tlies(! buildings on the com- 
 n.iencement of new works. 
 
 The lands of the Company consist of one hundred and 
 fifty acres at the mine, one half of which is under cultiva- 
 tion, and eighty-three and three-quarter acres at the ter- 
 minus at Sydney Harbor, which is also under cultivation. 
 The balance, over two thousand acres, are wild and tim- 
 ber lands situate! on Mira liiver, a navigable stream 
 about twenty miles di.stant from the mine. 
 
 COAL SEAMS AND AMOUNT OF COAL. 
 
 It will be observed, by reference to the accompanying 
 ma]), that this great coal area is of an irregular L shape, 
 ^iK' northern extremity of wiiich abuts on the sea coast at 
 Bridjiejiort, and the south-western limit rests on the inte- 
 rior waters of Great Glace Bay. 
 
 The distance Irom oiu' extremity to the other, measur- 
 ing near the southern and western boundary of the prop- 
 ertv. is live miles. The interior ])ortions of the grounds 
 
e 
 
 are considerably elevated — tlie highest part being between 
 two and three hundred feet above tide. 
 
 The lines of outcrop of the several coal seams sweep 
 around on this great coal property in bold curves, which 
 are prolonged by in part conforming t(3 the general out- 
 lines of the property. 
 
 The several coal seams are designated on the map by 
 numbers, the most westerly seam being No. 1, which is 
 known as the Ross seam. This seam is fi'om live and a 
 half to six feet thick, and has a length of outcrop on this 
 property of thirteen thousand feet, and contains over 
 twenty millions (20,212,476) tons of coal. The Phelan 
 seam (No 2) is from eight to eight and a half feet thick, 
 has a length of outcrop of nine thousand feet, and con- 
 tains twenty-four and a half millions of tons. Back Pit 
 seam (No, 3) is four i'eet thick, has an outcroj) of nearly 
 one mile in length on this pro])erty, and contains almost 
 twelve millions (11,851,404) tons, and the Harbor seam 
 (No. 4), which is now being worked, is nearly six feet 
 thick, and has a length of outcro}) of two and a half miles 
 on this proj)erty, and it contains eight and a half millions 
 of tons of coal. The latter has a curve of water level 
 gangway of about Lwo miles in length, and the Ross seam 
 has nearly a straight gangway water level of over two 
 miles, with an average breasting of coal up the dij) to the 
 surface of from nine hundred to twelve hundred feet. 
 
 The total quantity of coal on this proi)erty, computed 
 by scientilic and i)ractical men from data obtained by the 
 most elaborate surveys of the lieKl, is sixty-live millions 
 of tons. This does not include the co;d of two or three 
 other seams, pa^t of which is of recenr discovery, which 
 underlie the coal area of this coini)any, which altogether 
 
 X 
 
will add several millions of tons of coal to the above men- 
 tioned amount. 
 
 No part of this great body of coal is under the sea. A 
 peculiar feature of this property is its superior elevation 
 above the soa and the large amount of coal it contains 
 above tide \c\c\. This, by careful computation, exceeds 
 nine millions of tons. 
 
 No other coal pr()})erty of this part of the coal field of 
 Cape Breton possesses in an equal degree this peculiar 
 feature. 
 
 For furtluM' interesting and scientific details in reference 
 to the characteristics of this coal property, the position, 
 amount and qualit}- of the coal, reference is made to the 
 appendi.K (B and C), containing extracts from an elaborate 
 rei)ort of Professors J. P. Lesl'/SY and S. B. Lyman, and 
 the analysis of the coal by the Manhattan Gas Lighu 
 Coni])any, New York. These gentlemen have spent 
 much time in surveying and examining this coal field ; 
 their scientific ac(iuirements are of the highest order, and 
 the Provincial (jovernment, and the public, are indebted 
 to then) for a mass of valuable information and scientific 
 (hita, the result of their thorough and able investigaticm 
 of this portion of the coal field of Cape Breton. 
 
 SHIPPING FACILITIES. 
 
 The shii)ments ol' coal from the ^jresent wharf of the 
 C()ni])anv at the mine have varied from ten thousand to 
 iin.\tejn thousand tons per annum, l)ut shipments from 
 this place must necessarily be limited and irregular, owing 
 to the exposed coast and the want of harbor accommoda- 
 tions. 
 
 It has been the policy of this Company, from the be- 
 ginning, to avoid all expenditures for artificial harbors, 
 
 •MM^i 
 
for the reason that the construction of such harbors is, as 
 a general rule, attended with much expense, and often 
 fail to accomplish desired results. In order to give the 
 requisite facilities for shipping an unlimited amount of 
 coal it becomes necessary to connect the mines by rail- 
 way with a large and commodious harbor. 
 
 Sydney Harbor is one of the best harbors on the coast 
 of Nova Scotia. It is easy of entrance, and unsurpassed 
 as regaixis its holding grounds and the safety and extent 
 of the accommodations it alfords to shipping. 
 
 Its proximity to the great body of the coal of this dis- 
 trict, the favorable character of the country in that direc- 
 tion for tlie construction of a railway, early led to its 
 adoption as the best shipping port for these mines. 
 
 PROPOSED RAILWAY. 
 
 The survey and final location of the railway show that 
 Sydney Harbor is reached by a favorable line, and gra- 
 dients, in a distance of twelve miles from the present 
 workings of this Company, and from a central point of 
 this coal field, in a distance of fourteen miles. The 
 ground at the latter point is one hundred and fourteen 
 feet above the wharf at Sydney, and the proposed railway 
 will be either level or descending in the direction ol' 
 Sydney Harbor, the larger portion of the distance tliei-e 
 being but few slight undulation a of the gradients. This 
 is a feature which has an. imporvant and favorable bearing 
 on the cost of transportation. The location of the road 
 has been made with a view to accommodate the largest 
 number of coal areas and mines contiguous to the line ; 
 and this is accomplished without materially deviating 
 from the most direct course to a central jjoint in this coal 
 
 X ■> 
 
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 9 
 
 district, and at tlie same tinic tlie <i;radients are of a highly 
 favorable character. 
 
 Jt is proposed to l)uild twelve miles of road at first, 
 which perfects the communication between Sydney Har- 
 bor and the jn'csent woi"kin<:s on the easterly portion of 
 the coal area of this Company. 
 
 This road can be built in one year, and, whenever it is 
 deemed desirable, the railway may be extended to other 
 portions of the coal areas of this Company. In doing 
 which, it will pass in the immediate vicinity of the mines 
 or coal areas of other companies. 
 
 To ))rovide additional means for the further develope- 
 ment of the mine, and the construction of the railway, it 
 is proposed to issue mortgage bonds to the amount of one 
 hundred and twenty-live thousand jjounds sterling. The 
 bonds to be sterling bonds, bearing six })er cent, interest, 
 payable semi-annually in London, to run twenty years, 
 the jiaymentof the princi})al and interest to be secured 
 by a lirst mortgage on the mines, mining property, rail- 
 way and its c(piipmcnt, and on the wharves and piers of 
 the Company. (See a})[>cndi\ 1).) 
 
 A sinking fund is to be created by setting aside an- 
 nually such a jtortion of the earnings of the road as will 
 pro(bu'e a sufiieient sum, at the end of twenty years, to 
 redeem the bonis. 
 
 The security upon which these bonds are based is ex- 
 traordinary in amount, and nndoubted in character and 
 intrinsic value. 
 
 The mortgage covers the railway, the rolling stock and 
 fixtures, the mining and railway lands, and the eoal and 
 mining })roperty of the Company, including improvements 
 and exj)enditures already made, and the large amount to 
 be hereafter made Ibr new works, tracka, machinery, 
 
la 
 
 buildings, &c,, &c. Also the coal property of the Com- 
 pany, which embraces an area of fo\ir square miles, con- 
 taining an aggregate of over sixty-five millions of tons of 
 coal. These coal seams are so situated as to permit them 
 to be worked by four independent mining comi)anies if 
 this is deemed expedient, and the amount of coal in this 
 area alone is sufficient to keep the railway constantly and 
 fully employed for many years beyond the ])eriod at 
 which the bonds mature. It is the intention to extend 
 the workings to all tlie coal seams of this area, either by 
 the direct operations f)f this Company, or in part through 
 contracts with othei* companies or firms for working them. 
 But beyond this is the revenue to be derived from the 
 transportation of coal from other mines over the railway 
 of this Company, At a moderate charge this will, it is 
 believed, produce a large income, which, according to the 
 experience of similar works, will be increased from year 
 to year. 
 
 On the line of the i)ro])Osed railway, when completed, 
 or in its vicinity, there are probably two hundred millions 
 tons of coal, the larger portion of which will be furnished 
 with the cheapest and most expeditious means of trans- 
 portation to one of the best harbors (m this coast. 
 
 The railway lor several miles will ])ass over successive 
 beds of the most superior bitnniiuous coal, 
 
 Tiie coal fields of Nova Scotia are the natural source of 
 sujiply for all the Atlantic sea-board cities of the United 
 States, and for Canada and other British North-Aniei'ican 
 Provinces, 
 
 This coal is of a superior quality for gas to any in the 
 United States, For steam and domestic ])urposes it I'anks 
 high, and is considered equal to any coal that reaches that 
 market. Situated as it is, inimediatelv on the sea-coast, 
 
11 
 
 it can be delivered dire<;tly to tlieeoiisumer, by theclieap- 
 est possible mode of transpoitiitioii — l)y vessels plying 
 directly between the coal lields and the nuirket — thus 
 avoiding changes involving injury to the coal an<l ex- 
 ])enseot' handling. These ai'e considerai ions which give 
 this coal (Iccidedly the advantage, if not the virtual con- 
 trol of the bituminous coal market of the chief cities 
 of the Union. 
 
 The position of tlie ])rinci])al coal fields of the United 
 States, and the cx})cnse of rrans{)orting the coal to the 
 Atlantic seaboard markets, are iiicts which strongly sus- 
 tain this conclusion. The })rincipal gas-producing coals 
 of the United States are situated west of the Allegliany 
 Mountains, and to reach the sea-board cities and manu- 
 lactnring towns of the Eastern States, it is transported 
 over three hundred miles by railway to tide-water ; cross- 
 ing the mountains at an elevation of two thousand feet 
 above tide, and is thence trans-shipped to coasting vessels, 
 and by them transported to the cities or towns along the 
 coast. 
 
 All coal mined in the United States is subject to an 
 Internal Keveime tax of 8 1-2 cents per ton. 
 
 Contrasting the Nova Scotia coal and its advantages of 
 position and quality ; the i'acilities of transporting and 
 delivering it to the great market of the United States ; the 
 cheaj) labor and materials of Nova Scotia — contrasting 
 these with American gas coal, and its disadvantages of 
 position in reterence to the .sea-board market; its expen- 
 sive transpoilation, the high })rice of labor, of forage, of 
 machinery, im})lcments, and every description of materials 
 re(|uired for, and enterino- iuto the business of mining and 
 transporting coal to market, and it is believed that there 
 need be no ai)})rehension as to the ability of Nova Scotia 
 
12 
 
 coal to compete successfully with American coal in the mar- 
 kets of tlie sea-board States. It is proper to state that ai'- 
 raiigemeuts arc in })r()gress for the introduction and use of 
 English steam vessels m tlie Nova Scotia coal trade, which 
 will insure greatly increased economy of transportation, 
 and greater regularity and celerity in the delivery of this 
 coal in market. 
 
 Tlie vessels })roposed to be used are of the sam^ des- 
 cription and model as those in the Newcastle and London 
 coal trade, and are especially designed and constructed for 
 the transportation of coal. 
 
 Substituting steam vessels in the place of sailing vessels 
 in the coal trade of Nova Scotia, will as surely produce 
 the same favorable results in that trade as have been re- 
 alized by their introduction in the Newcastle and London 
 coal trade. One screw steamer in that trade, with a crew 
 of twenty-one men, performed in one season the work of 
 sixteen sailing vessels of the class formerly in that trade, 
 requiring one hundred and forty-lour hands to man them. 
 
 This is a fair illustration of the extraordinary econo- 
 mical results produced by the application of steam as a 
 moving power. Calling to our aiil this great element of 
 power, and applying it to the transportation of coal on 
 sea and land, the cost of conveyance will be materially 
 diminished; distance will be eilaced and routes multi- 
 plied ; the perils and iri'egularities of navigation reduced, 
 new markets opened, and the coal trade of New Scotia 
 established oh a basis which tarill's and commercial limita- 
 tions will scarcely reach or permanently impair. 
 
 The abuntlance and superior quality of Nova Scotia 
 coal being well established, the ])rinci})al question con- 
 nected with the value of investments of ca])ital in these 
 coal mines anil in railway and steam vessels connected 
 
 K- 
 
 tarn 
 
18 
 
 I 
 
 therewitli. is tlie penriiineiiev and pr»)S})eritv of this trade, 
 juid the aiiiount ol'tniHic that will he civjitrd thereby. 
 
 The ineiisiin' of this business will be according to* the 
 demand lor this coal in the market. 
 
 The continutMJ prospt'ritv of the coal trade of Nova 
 Scotia will iniiinly depend oii the facilities of reaching the 
 markets of the United States and Canada, and the other 
 British North- American Provinces. The continued de- 
 mand for mineral fuel in those markets, with increased 
 facilities of transportation, the South American and West 
 India market will open a wide lield for the sale of coal. 
 The coal tields ot Ni)va Scotia arc well nigh inexhausti- 
 ble, and arc equal t(» any demand tiiat can be made upon 
 them. 
 
 In «!onsi(lcring the (juestion of consum[)tion and de- 
 mand for this coal, it is well to briefly refer to the coal 
 trade of the rnited States. 
 
 The history of this tra<le. from its conuutMicement in 
 1820 to the present time, is a subject of mu(^h interest 
 and illustrates the i'a|»id growth and increased demand ol" 
 the American coal market. The amount of coal pro- 
 duced, and the amount imported for a particular market 
 for a long term of years, may be regarded as a Just crite- 
 rion by which to judge ol' the consumption and require- 
 ments of that market. 
 
 In the year bS'2(> the American coal trade nuiy be said 
 to have commenced, and the anioutit of coal forwarded to 
 market (hiring that year was 865 tons. At that date the 
 poj»ulation of the United States was 9,688.191. From 
 that date to the present time there has been a rapidly in- 
 creasing demand, and the amount of coal reaching that 
 market has gone u]). from this small beginning in 1820, 
 to 14,000.000 tons in 1860, to 16.000,000 tons in 1864, to 
 
14 
 
 17,500,000 tons in 1865, and to 20,000.000 tons in 1868. 
 showing an average annual iiurrease of 484.557 ton.s 
 for the long term of forty-six years. The population of 
 the United States has increased, from 9.000,000 in 1820, 
 to 23,000,000 in 1850, to 31,000,000 in 1860, and to 
 37,000,000 in 1866, 
 
 The question as to how far we can rely on the experi- 
 ence of the past in forming an oj)inion of the probable 
 future consumption of eoal in the United States, remains 
 to be considered, and on a subject of so much im])ortance 
 we may be allowed to add some reflections as to the 
 causes which are now and will continue to influence and 
 increase the consumption of coal : In lorming (conclusions 
 as to the future growth of this tnide we must bear in 
 mind that this is emphatically an age of iron and steam, 
 and of progress in every element of wealth and ])ower: 
 that it is difficult to assign limits to the improvements 
 and inventions, and to the ojx'rations of machinery, the 
 extent of railways, of manufactures, and of commerce, 
 which now ))enetrate with their civilizing influences re- 
 gions and territories hitherto un(»(.'cupied and litth' 
 known. 
 
 Steam is the moving power of this ])r()gressive age. 
 Wherever mechanical operations of any description are 
 performed, th«'re will be found steam, and the simplest as 
 well as the most complicated handy-craft work is essen- 
 tially aided by machinery moved, in most cases, l)y steam- 
 power. In manufacturing e.stal)lishments, of the present 
 day, labor consists chiefly in setting machine«fcin motion 
 and directing Irhrtr action. 
 
 It is the triumph of mind over matter, and the most 
 astute mechanician will not venture to flx uj)on the limit 
 to which human labor will be reduced in the ditt'erent 
 
 W-. 
 
 i~% 
 
15 
 
 bnuidu's of iniviiufactiires 1)V the extrnordinnry inventions 
 of this n<ro, and the application and snbstitution of ma- 
 chinery. The application of steam j>ower lias led to the 
 developemeiit <»f mechanism. In no country in the 
 world, except Kngland, have useful and ingenious me- 
 chanical inventions and machinerv been more extensively 
 applied to nnmufacturcs, and to every branch of industry, 
 than in the United States. Steam is usually the moving 
 |)ower, and it is coal that generates that power. 
 
 T\\(i rapid increase of population, manufactures and 
 wt?alth of the United States, the uni)recedented growth of 
 towns and cities, the application of steam to every branch 
 of industry, and to almost every avenue of transit — to 
 the thousands of miles of inland navigation, to the im- 
 mense conmiercial and naval marine of the United States, 
 to her great system of railways, which is now assuming a 
 continental character, reaching out its long iron arms, 
 crossing the vast i)lains of the west and the rocky moun- 
 tains, and soon t<> unite by an iron band the Atlantic and 
 Pacific Oceans — a system of railways which covers every 
 state with a net work of iron lines, and which already 
 reaches in extent an aggregate of 40,()()0 miles, to which, 
 if we add tlu^ second track, sidings, kc, won... give suf- 
 ticicnt linear extent of track to twice girdle the earth at 
 the c(|uator — A system of railways which precedes civili- 
 zation in its rapid march across the great plains of the 
 West, bringing into its embrace the vast mineral treas- 
 ures of regions unknown a few years since, except to the 
 adventurous trajijier or the inti-epid explorer. 
 
 For all these pur[)oses there is an immense consump- 
 tion of coal. These railways must sooner or later use 
 coal as fuel, and already, owing to the scarcity and high 
 price of wood, this fuel is made use of on the railways of 
 
16 
 
 aevoml of tho Stuk«; iiiid u rnsort to coiil. at an early 
 (late, on most ot'thesi' niilwavH, is iiiiavoidaWlo. 
 
 On tho great plains of the wost there is no wood, and 
 the only fuel that can there he used for steam purposes 
 is coal. Very soon eoid must Im' used as the prineipal 
 fuel on the larger portion of the r.iilways ol' the United 
 States. 
 
 From statistics laid before the Ameriean Iron Assoi.'ia- 
 tion, by S. .1. Hkksk. Ks(|.. it appears that the average 
 (puintity of rails laid fron\ l8-t'> to 18H0. in the United 
 States, was eighty-one tons to the mile, anil that the 
 quantity lor laying and renewing the track was one hun- 
 dred and eighteen tons per mile. 
 
 There were 4.511 miles of railroads in operation in the 
 United States in 1H45. and in 18<>0 there were 8l.lb."> 
 miles — showing an increase in this length of time of 
 2H.674 miles. There are at the present time, as before 
 stated, 40,000 miles of railroads in operation in the United 
 States, which have been constructed at a (rost of tifteen 
 hundred millions of dollars, and this vast sum nnist con- 
 tinue to in(M"ease for many yeaiv. at a rate ol' about 
 seventv-tive millions of dollars amiually. 
 
 Kverv mile of railway bnilt calls for increased supjily 
 of iron for rails, for matdiinerv, and for rej)airs and re- 
 newals. The iron Ibr railways, and all other jnirposcs. is 
 produced by the eonsujn|)tion of a large amount of coal. 
 
 In the manufacture ol' iron, in the United States, ex- 
 perience has shown that from three to live tons of coal 
 are consumed for each ton of pig iron mamifaetured. At 
 works using bituminous coal, four tons of raw coal, to be 
 lirst coked, is consumed in manufacturing one ton of j)ig 
 
 " d to make one 
 
 pig 
 
 reqi 
 
 ton of rails. Two tons of coal are requiretl U) convert 
 
I 
 
 I 
 
 tlic \)'u^ iiitit mils. 'riiriTfni'c, tlic totiil <|ii;mtity ol' cojil 
 coiisiiiiu'd |M'r toll of Tiiils iiiMimfitctuiTtl is s<'\»'ii mikI 
 tlirt'('-(|iiiii tcr tons. Tlic uniouiit <•! Aiiicri'-m rails iiiiiii- 
 iiliictiircd. iioiii lHr»(i to 1H()(>. wiis 1.4r)0.(MM» tons. :in<l in 
 tlicir niMnutiictiii't' 1 l.OOO.ddt) tons otCoal were consuinrd. 
 
 To sii|t|>lv tliis j^Tcat cxtrnl o|' railways with inacliiiu'rv 
 a laiyc ainoniit ol' iron is annually rccjuinMl. The niiru- 
 hcr of locomotives nianiilacturcil in flic rnitcil States in 
 \Hi\() was 47o. and tlic capital invested in these works 
 $i-{.4fS2,r)9'2. The \aliic ol' the (Migines made was 
 $4-.8()<;.H<M»— e<|ual to SlO.;};')") I'ach. ' 
 
 There were 14'.i.0()(l cast ii'oii car wheels nianutiu'tiired 
 in IbiMK valued at I'J.O^H.J'.oO. and the capital invested in 
 this hrancli of niannractnres is $l.22M.700. 
 
 Machinists' and niillwi'i^dits" work, in lisr)0, |)rodneed 
 machinery \alue(| at S27.Wi>S.844. and in I8<i(> the .surne 
 Itraiich ol' production was valued at $4(l()44r.oyH, showing 
 an increase of $lH.«)4(>.lo2. or U().t) per (H'lit. Iron t'org- 
 iiiii. in lM(i(>. tiir shal'ting. tor railway axle.s. for anchors, 
 \-c.. ki:. was valued at !it;1.907.4r)(). 
 
 The anioiuit of rails nianulactured in the L'ni ted States 
 at the present time is not less than HOO.OdO tons [)er an- 
 num, with an ultimate cajiacity. of the present mills, of 
 double that (piantity. The rails req\iired for all the rail- 
 road conijianics of the I'liited State.s. iiicduding the large 
 amount re(piired liy the (lovernnieiit f()r military pur- 
 poses for three years from June. 18()1. to .Iniie, 18H4, 
 were supplic<l l»y Anicri-an mills, excepting 20H,000 tons 
 iinporte(l dui'ing that pei'io(|. 
 
 The production of pig iron, in Pennsylvania alone, ac- 
 cording to returns of the C'onunissioner of Internal Reve- 
 nue, is. in I'ound numhers, o(>,00() tons per nu^nth, or 
 60U, 000 tons ])er annum. 
 
18 
 
 Of the followin<r articles of iron manufacture, viz. : 
 rails, re-rolled and new rails. l)aiid liooj* and |)lat(> iron, 
 bars and blooms, rivets, cut nails, heavy (.-iistings, hollow 
 ware and stoves, and steel unwroujiht, the [)roducti()n for 
 the year ending June 80tli, ISH-l, was 1.001.851 tons, val- 
 ued, ineluding marine engines and other iron and steel 
 manufactures, at $179,811,788. The jtroduction of pig- 
 iron in the United States I'oi- the year er ling .June 1st, 
 18H0, was 987,559 tons. In the manutiictnre ot'this hirge 
 iimonnt oC ])ig. wi-ought iind ciist ii'on iind steel, the eoii- 
 sam|)tion of eoiil was prohahly not less tlum 12.0(10.000 
 oi' tons, which must he hirgely inerensed li'oni ye;ir to 
 vear. according ti> the rapid inercasi' in the jiroilnction of 
 iron. 
 
 Among othei' c;mses of inerensed consumption .mikI de- 
 mand H)r cojil in the I'liited St;ites is the hii'ge jimouiit 
 requir(>d for the niiimitiicture of gas, for which |iui'|)ose 
 Nova Scotia eoid takes precedence. There ai'c iit present 
 tonr hundred iind twenty gasworks in the I'liittMl Stales, 
 having an aggregate capital of .So 1.(520.940. These works 
 consume, prolialily. not less than 7<MI.(>(Ml tons of coal 
 annually. 
 
 The foregoing statistics siiow that there is annually an 
 immense consumption ol' coal in the Initecl States, and 
 that the rapid increase ol' population, the inc'case of man- 
 ufactures of e\-ei'y description, the great extent of I'ail- 
 ways and steam navigation, fni'thcr show that the eon- 
 sumption of coa' will ill like manner increase and extend 
 cori'espondingly. and will lor all time to come make this 
 a permanent and valualilc market lor the coal of Nova 
 Si'otia. 
 
 The coal market of Canada is regarded as only second 
 to that of the I'nitcd States lor this i-oal. 
 
 J0^ 
 
f 
 
 10 
 
 With ill) (Miti'rj)i'isiii<j; [jopuhitioii of four millions of 
 inliiil)it.iiiits, with iiii extent of territory of iibout four 
 hundred thousand scjuare miles, possessing all the ele- 
 ments of national greatucss. Caiuula assumes, under her 
 new }»olitieal I'elatious. a most imjM)rtant position. Con- 
 fecjeration will remove the shackles of Proviicial tutelage 
 and at once elevate the Provinces to tlu dignity and 
 power of indeiKMulcnt States. 
 
 Politically and commercially the people will think and 
 act for themselves. 
 
 They will no longer occupy a tiependent position, witli- 
 out that power and fret'ilom olfaction and thought which 
 inspires local patriotism ami elevates a whole people to 
 that i'onsciousness of strengtli and sell-reliance which 
 alone can gi\'e tliem national character. Her legislation 
 will l)e ilirected to thos(> measures which will pi'omote 
 the geiH'ral good, and lirmly cenu'iit the union under one 
 go\"eriujien1. 'I'lic resources ol'the whole country will he 
 devcl()ped. Comnu'i'ce and mi">ul'actures will receive a 
 powerful impetus, and a wide Held for commercial enter- 
 prise will lie o]»eiied. Canada, with lier two thousand 
 miles of I'ailways. her magnilicciit ship-canals and long 
 line of internal steam na\igation, is well prepared for this 
 new <'ra. ami will rapidly increase in ))o})ulation and 
 wealth, and reccixe those lasting heiiehts to which she is 
 entitled through these adxantages. 
 
 The commercial relations ol' (^inada and Nova Seotia, 
 unite(l as thev ai'c undi'i' confederation, will he reci])roeal. 
 ami these Pro\inces will, through their geographical posi- 
 tion ami natural resouix-es. hecome the ruling States of 
 the Dominion. Tlw Inter-coloinal Kailway, wdiich is the 
 spinal column of the conlederacy, will sustain and unite 
 the Provinces in an intlissoluhle union, politically and 
 
20 
 
 commercially, and will be the great medium of social in- 
 tercourse and trade. Nova Scotia, through this and 
 steam navigation, will be sui)])lied with the brcadstuMs ot" 
 Canada : and Canada, in turn, will receive her supplies ot 
 coal from Nova Scotia, of which the former has none and 
 the latter a superabundance. With the advantages ol' 
 steam navigation and railway conuuunication from Nova 
 Scotia to all parts of C^mada. a most valuable and exten- 
 sive nnvrket will be opciuMl for the coals of Nova Scotia, 
 and the demand for mineral lucl will continue to increase 
 as the population and tradr ol'the Dominion increases. 
 
 With an almost inexhaustible supply of coal of the 
 most superior quality for H*i7 purpost\ it oidy reiiKinis 
 for this Company to nvail themselves of the advantages 
 of their position to nsili/c large dividends, and attain ;i, 
 position whirh will place this vjilnablc property oi, a 
 basis insuring controlling inlln<Mice and lasting success. 
 
 'ro(h>this it is only rtMpurcd to construct an<l eq-ip 
 twelve miles of railway, wliicli will connect the mines 
 with a most superior harbor, and extend the workings of 
 the mines to such an extent as will keep the road in con- 
 stant and prolitable employment. 
 
 The charter autliori/cs the Company to trans()ort pas- 
 sengers au,i :'ll descriptions ol' freight, and to transact all 
 other business necessary and usually performed on rail- 
 ways. lndepend(Mitoltlie great coal tralhc the miscella- 
 neous business ol'the railway will probably prove to be a 
 considerable source of rexi'iuie. 
 
 The Itoiids of the Company. t)ased on such an extensive 
 and valuable property, will, it cannot tu" doiil>ted. be re- 
 garde<l a lirst class security. i.;id as such tlay all'or.l a fa- 
 vorable opportunity lor prolitable and safe investmi'iit. 
 
21 
 
 ^PPIllI^rDIX. 
 
 ^ ■ » 
 
 [A.l 
 ACTS 
 
 ixcorporatixc; thk ixtkhvation al c'oai- and railway 
 Company (»k Cai'K Bkktox, Nova Scoiia, as the same 
 have hekn amended and as tiiky are n<»\v in korck. 
 
 [Acts of ma. '«5, T)(), ami 'tiT.] 
 
 fie it Enacted Inj the (jovenior, Connci/, and Assembly, as 
 folloics : 
 
 1. John Jacol) Astor. Jr., C. Godtrev Guutlier, Henry 
 Day. and Gcoi-u-e T. Adee. all of New York, then- asso- 
 ciates, sncccssoi's. and assigns, arc licreby constituted a 
 liody ]»olitic and coi'iuti'atc hy the name of the Interna- 
 tional ('oal and Railway Coiniiany. tor the purpose of 
 j)urehasin^'. holding', leasiusi', and selling- mines and min- 
 ing rights, and of opening and working the same in the 
 coiintv of Cajic l-ireton, iiiid ti'ansacting all husiness con- 
 nccte(l thcri^witli. ami for the purchase and sale o\' coals; 
 for holding and conv(ying i'(>al estate, mills, and machin- 
 ery; for niaiiufactMring and selling coal oil, and b(n"ing 
 ;ind obtaining the sanu' from the earth, and for othc pur- 
 poses connected therewith ; lor the constriicting and o])er- 
 ating railroad and hranch roads; for tlu^ transjiortation of 
 coal, coal oil. and other freights li'om the mines of this 
 Company, oi' from other coal mines in the county of ('ape 
 Breti>n, to one or mere |)laccs of transhij)iaeiit, and for the 
 
■f- frj i t ^ " *- ■ f ts ^v B 
 
 22 
 
 transporting of passengers and freight over such road or 
 roads and all other business ueeessarv and usually per- 
 formed on railroads; for constructing and holding such 
 wharves, docks, and piers as may be necessary tor the 
 business of the Com})any. 
 
 2. The capital of the Company shall be one million of 
 dollars, divided into twenty thousand shares, of lifty dol- 
 lars each, which shall be ])ersonal property, and transfer- 
 rable only on the books of the Company. The Corpora- 
 tion shall have power to ini'rease their capital stock by 
 the issue of new shares by a vote oi' the majority of tlie 
 stockholders in interest. Any Coal CV)mpany or other 
 Corporation, either foreign or incorporated in this Pro- 
 vince, may own aii<l transfer any stock in the said Com- 
 pany. The said Corporation shall have power to boiTow 
 money t)y a vote of two-thirds of the Directors, for tlu> 
 purpose of operating its mines, building and c(puppiiig 
 said raih'oad, and to issue bonds I'or the same, l)enring 
 interest at the rate of not more than six [)er cent, per ;m- 
 num, st'cured by a moilgage on all the property, real and 
 personal, of th(> said Comi)any, including mining I'ights. 
 railroad, and rolling stock, to Ixi put on the same, or [por- 
 tions of the said property. The said mortgage shall Ite 
 e.\e('Ut('<l in due lorm of law to pass n al cstalc. and shall 
 be recor(lc(l in the oliiee ol' the Registrar of Deeds of the 
 Countv of (,'ape Breton; and from the time of reeordinii 
 said mortgage it shall heeome a lien on said pro])ei't\' 
 mentioned in the same, prece(leiit to all other sul)se(pient- 
 Iv ae(piired i-laims against the said Corporation. Tlie in- 
 terest and jtrincipal of said bonds may he made payable 
 in llalitiix. London, or New York. The said Company 
 shall not go into oj»eration until tW(Mity-ti\-e jier cent, of 
 the I'ajiital stock is actually paid up. 
 
 ► ♦- 
 
28 
 
 mm 
 
 hi- 
 
 8. The tirst meeting' of the C()ni))any shall be held at 
 such time and place in this Province, or in the United 
 States of America, as any thrc(> of the Cor})orators shall 
 determine, of which public notice shall he given in two of 
 the Ilalitiix newspapers. ;it lc;ist twenty days })revi()us to 
 snch niectinii'. at which, or any snlisetjnent meeting, the 
 Company may l)c ortiaiii/ed l»y the election of a Board of 
 Directors, of not less than thrc(^ nor more than nine, of 
 whom three shall he a <pu>riiiii. 
 
 •4-. No mend)erof the (\>mpany shall be liable in his per- 
 son or separate estate Ibi- the debts of the Com])any, to a 
 greater amount than the stock held by him. deducting there- 
 from the amount actually j)aid to the(^)m])any on account 
 of such stock, unless he shall have ivndered himself liable 
 for a greater sum by becoming surety for the debts of the 
 Company; but no stockholder who may have transferred 
 his interest in the stock of the Comj)any, shall eease to be 
 liable for any contracts of the Company entered into be- 
 jlii'c the date of snch transfer, unless he shall have paid 
 up in full for his stock', so ;is any action in respect of 
 such liability shall be brought within six months after 
 such transfer. 
 
 o. 'i'lie m(>etings of the (*om|iany shall be held at such 
 place as the Directors may appoint, ami at every annual 
 miH'ting they shall elect a rccogni/cd manager or agent, 
 I'csident in this Province, services on whom of all process- 
 notices and other dociuncnts shall be held to be sufficient 
 ser\ice on the Company, and the name and address of 
 siicii agent shall be IIUmI with the J-Jegistrar of Deeds of 
 the County wlici-e the principal works of the Company 
 are situate, and in case ol' the absence of such agent from 
 the i'rovince. or douitt of absence, service of process mav 
 

 24 
 
 be made by affixing a copy u|)on some cons})icn()as 
 building or office of the (.ompany within tiie county 
 where the pro])erty is hxiated, 
 
 6. The Company, as soon as the same shall Imve been 
 organized and the sum of twenty-tivc i)cr cent, piiid in on 
 account of the stocic taken, nuiy ))r()('Pod to construct mil 
 roads. 
 
 7. The Corporation may o|)cn books for tlie snbscri])- 
 tion of stock, in one or more jilaces out of the Province, 
 as also books for transference, may a|)p()iiit officers for 
 the same, and piiying of interest and dividends for the 
 v\diole or any ]iart of the stock, with agencies and i)rancli 
 offices for th(» purjioscs of tlu^ir incoqjoration. 
 
 8. Wlienev^er it shall be rcqnisitc, in the construction 
 of any rail road contemplated l)y this Act, that this Com- 
 pany should be inycstcil with th<^ lands over which the 
 same shall pass and contiguons thereto, for the tract of 
 the r()a<l and lor stations, and for the ])ui'posc of trnnshi}^- 
 nient. and no agreement can be made foi- the purchase 
 thereof, it shall be lawftd i<>r the Dii-ectors to apply. l)y 
 petition, with a plan annexe(|. to any one of the .iudges 
 o|' the Supreme^ Coui't of this Province, setting forth the 
 natnrc and situation of the lands re(piire(l. the names of 
 the ownei's or occupiers thereof, and praying a conveyance 
 of the same to the (\)nipany. \Vlici'eu|ion. such ,ludge 
 being satisfied that the lands ai'c recpiired, and are not 
 more extensixc than nia\' be reasonably necessary, shall 
 ap])oint a tinu' and jilace for the consideration of sneh 
 petition, and shall direct a projier notice, in writing, to be 
 served upon the ownei's or oecupiei's of the lands, if in 
 the Province, and to t)e published for tlie period of one 
 month, in at least two mnvspapers published at Malifiix. 
 
 

 2;-) 
 
 iiiid also ()iu> iif\vs)iai)(M- of tlic coniitv where the lands 
 lie. if there lie aiiv. I'einiirinjr them to attend, at such time 
 and jdaee, |)ersonally or hy attorney : and the Judge shall 
 reiiuire the Directors to nominate one a|>]>raiser. and sucdi 
 owners to innte in naniin<'- another a|)i)raisor, and the 
 .lnd;it' shall iionnnate a third appraiser. Hut, in ease 
 such owners do not attc^id. or sliall rel'use or netrleet, oi' 
 eanjiot a<iree to make sueh nomination, the .ludtre shall, 
 on proof of such pul)lieation or ser\iee of sueh notice, 
 nominate two ajipraisers, and the said (/om])any shall 
 iiomimite one ai)prais(M'. and the .lud<ie shall, by an order 
 in writinii', direct the said three appi'aisers thus nonuiiated 
 to value the lands so reipiii-eil ; ami the a{)praisers having 
 lirst suhserihed an afH(hivit in writing, to h 
 fore a .lustice of the Peace, and anmwed to sucli order, to 
 the etVect that they will liutlifully maki^ such a{)praise- 
 ment. shall, with all convenient speed, proceed to and ap- 
 praise such land, aiul shall make sueh appraisement in 
 writing, and return it under the hands of the appraisers, 
 or a majority of tlu'm. with such order and affidavits, to 
 a .ludge, who may contirm. modily. alt(M'. or reject sueh 
 appraisement, oi- direct an appraisiMuent '/'- imro. and the 
 Company, upon paying or tendering, tin- amount oi the 
 appraisc(l \alue as linally conlirmed. and the e.\])enses oi' 
 the ownei's on such a))praisement to the owners, or. in 
 case ol' dispute, to such parties as the (\)nrt or a Judji'e 
 
 sers 
 sworn to be- 
 
 shall direct, ami registering such order, affidavit, ajjpraise- 
 meiil and conlirniation. in the oflice t)f the Ueii'istrar of 
 
 HcimIs in the countv in which the said lands 1 
 
 le. w 
 
 ho 
 
 IS 
 
 hereby re(piired to register the same, shall be considered 
 the ownei's of such lands. 
 
 9. Tlic liooks and accounts of the Company shall at all 
 
'iir!!^2:!:fiM^^i#?l^ 
 
 26 
 
 times be open to the examination of such persv>ns as tlic 
 Governor in (^oinicil shall ai)point tf) inspect tlu! same. 
 
 10. The authority of .said Company to build and 
 o])erate a rail road as herein provi(U'<l shall (;case and de- 
 termine, unless the said rail n>ad shall be (^tt'ectually com- 
 menced within one year after the lirsi day of July. ISHH. 
 (See No. 14 and amendment 1HH7. ) 
 
 11. A list of the Stockholders of the said Company, 
 and of the nund)er of shares held by eai^h of them, on the 
 first days of May and November, in each year, certiHe<l 
 under the hand of the President anil Secretary, shall be 
 tiled in the months of May and November, in eacdi year, 
 with the Registrar of Deeds, in the county where the 
 principal works of the Gom[)any are situated. Such cer- 
 tificate to contain the names of the Stockholders, anil the 
 number of shares held by them, resjyectively, on the first 
 day of the month in which such certificate is fdcd. And 
 it shall not be necessary to tile any other ciM'titicatc of 
 transfer, or copy thereof 
 
 12. It shall be lawful for the (company to make or con- 
 struct a railway over and iicross and roa<ls in the line of 
 the projected rail road, and over and across any rail roads 
 or tram-roads and over any rivers. i)rooks. or streams, sub- 
 ject. nevertlx-Icss, in such ciiscs. to rc,unlations to be made 
 by the Court ol' Sessions, to insure tlie safety of the in- 
 
 ■ habitants and their pro|)erty. 
 
 13. The said Company may subscribe for. take. hold. 
 and dispose of stock in any other incorporation or<ifaiiized 
 or to be ororanized. for the purpose of (Constructing a rail- 
 way from the mines of this Company, o) from the vicinity 
 of the same to any ])lace or places of transhij)ment : the 
 

 27 
 
 said ('Oiupaiiy sliiill he aiitliorized, tlir(>ii<rli its ofliccM's or 
 other a^vnts. ;is the Moiii'd ol' Diroctors inay aj)|)oiiit. to 
 vote as a stoclsholder and to cxeniise all other powers of 
 a stockhold -r in rehition to the stoek so held hy them in 
 sucii incorporation aforesaid. Tlie said International 
 Coal and liailwav (.'oinpaii\ shall he authorized and em- 
 powered to issue its lionds secured \}y a mortgage on all 
 or any of its pro|)t'rty real or personal, or to lend its credit 
 in any manner they may see 111, or to loan money to aid 
 in the construction of such rail road as is last mentioned. 
 The said Comjtany shall ])y authorized and empowered to 
 guarantee and secure the honds of any such rail road 
 ('onn)any, issued for the i)urpose of building any such 
 rail road as last aforesaid, hy a pledge or mortgage of all 
 oi- any of its pro|)erty real or personal; or otherwise; any 
 mortgage issued for the })urp<)se mentioned in this section 
 shall l)e r(>corded. and have the same effect in all respects 
 as is mentioned in the amendment hereby made to sec- 
 tion two of the original act. 
 
 14. 'I'he time limited for the commencement of the rail 
 road is extended until the tirst day of .lannary. one 
 thousand eight hundrecl and seventy. [See amend- 
 ment. 1H()7. 1 
 
 lo. The said f'ompany shall have authority to make 
 all such regulations and hy-hiws as tliev may deem j)roper 
 for the management of their Itusiness an<l disposition of 
 th(>ir ])roperty. not inconsistent with the laws of this 
 Province. 
 
 AMENDMKNTS.— 1865. 
 
 I. The (^)mj)any are hereby authorized to issue any 
 portion of their capital stock in payment for mining rights 
 
•jt ''^kii«; ■Nqifjiji-.r ■fe{j^.^ga^ 
 
 2« 
 
 or property, real and personal, of any description, whicli 
 may be deemed necessary for prosetnition of its business, 
 and the stock so issued shall be considered full paid stock. 
 The Contpany are also authori/eil to j)urchase ot the in- 
 ternational Coal Company, an incorporation or<rani/cd 
 under the laws of the State of New York, in the I'nited 
 States, all or any portion of its property, real and per- 
 sonal, situate in the county of Cape Breton, and to issue 
 all or anv portion of the capital stock ol' the Iiiteniatioiial 
 Coal and Kaihvay Company therefor, which stock so issued 
 shall be considered fidl paid stock. 
 
 2. The International Coal and Railway Company are 
 hereby authorized to hold and use all neciissary wharves, 
 piers and shipping' jilaces lor the ac(;omodation of such 
 vessels. 
 
 8. The Board of Directors of the Company are hereby 
 authorized to borrow funds for the deveh>pment oi' its 
 mines, and for the prosecution of its business, and to ^ivt^ 
 their bonds thcnvfor. either with or without a mortiia,u-c on 
 their property or a i)ortion of the saiuc. 
 AMKXDMKNT.— IHHH. 
 I. All liabilities incurred by the Intcrimtioual Coal 
 Company shall be assunuMl by the liiteruational Coal and 
 Kaihvay Company, who shall be hehl lial»lc therelor. as if 
 thev had been inciuTcd by the latter Company: and 
 nothing in this act or the acts oi'thc last session of which 
 this is an anu'ii.lment. shall allect or be eoustrued toalfcct 
 or })re)udice pri\ate riiihts. 
 
 AMPLXDMEXT. l.sfiT. 
 1. The time limited for counnenciii<i' the rail ntad men- 
 tioned in previous acts, is extended until the hrst day of 
 July, A. D. 1870. 
 
91 » 
 
 MINES AND MINERALS. 
 
 CIIAI'TKIJ i). 
 
 A.N A< T TO A.MKM) CmAITKI! J") ol' IIIK RkVISKI) StATITKS, 
 
 " Ok Minks ani» JMinkkai.s," and tiik Ac 'I" 
 
 I.N AM1;NI>.M1:NI TIlKItKOK. 
 
 il'iisKcd till' Till ihiy of Miiy. A. I). IWKI.) 
 
 lie tl I'nivtiil liij llii' (liiCi'i'imr, (niiiinl, dud .[ssimhl jl, US 
 fuUdirs : 
 
 1. Lessees ol' coal mines in tliis l^i'ovinee, tlieir execu- 
 tors. ;i»lniinistr;itor.<. and assi<^ns, liolilino' leases from the 
 ( Vowii, or IVom the eiiiel' commissioner of mines, luiule 
 since tiie tirst day of -iannaiT. A. I). ItioS. or herenfter to 
 he made, siiall. upon ^•i\iniz' notice in writing' to the chief 
 commissioner of mines, at least si.\ months ))revious to 
 tlie expiration of such leases, respect i\H'ly, of their inten- 
 tion to i-eiiew sucli leases, respectively for a further jx'riod 
 of twentv \i'ai's iVoiu the expiration thereof, he entitled 
 to a renewal theieof for such extcu<led term ujion the 
 same terms, conditions and covi'naiits, as contained in the 
 oi'iginal lcast\ and in lik'c manner upon giving a like 
 notice liefore the ex|tii'ation of such ivnewed term to a 
 second renewal and extension of tei'iu of twenty y(>ars 
 from ;nid alter the ex|iiration of snch reiu'wal ti'rm. and 
 in like manner upon gi\'ing like notice liefoi'e the ex))ira- 
 tion of such second renewal lerni to u third I'enewal and 
 extension of twentv xcai's from and after the expiration 
 of such second reneweil tei'in : pro\ided that at the time 
 of giving siu'li notices, and the expiration of such terms, 
 respect i\'elv. tlu> said lessees, their executors, administra- 
 tors, and assiaiis. are and shall continue to be bona tide, 
 
''«i^'ra.iflkife^&M'''' 
 
 80 
 
 working the urt'jis coiiiprirtcd vvitliiii tlitMr rcspi'ctive It'iiscs, 
 and eoiuplyinj;' with the ifinis. coxcnaiits, mihI sti|tiiiiiti<)iis 
 in their rcsitt'ctivr Iciist-s ciintaiiM d. within the trnc intent 
 and nu-anin,!:' ol' section 104 of tlie Act hereity ainen(h'(h 
 and i>fovi(h'd that in no ease shall such I'enewal or re- 
 newals extend, or he eonstrned to extenih to a period Ite- 
 voikI sixty veiirs I'roni the twentv-lil'tli da\ of August, 
 A. 1). IHSH. and provided nlso that the Legislature shall 
 be at liherty to revise and alter the royalty imposed luider 
 such lease in or al'ter the year 1(SS<'>. 
 
 2. After the passage of this Act new leases in accord- 
 ance with its ])ro\ isions may lie executeil to all jiarties 
 now holding leases which will expire in the year 1^S86. 
 
 3. The General Mining Association shall, at the end of 
 their lease, be entitled to a I'ciKwal as respects each mine 
 that shall then he worked hy them, upon the same terms 
 as a})[)ly to other lessees, hut the renewed leasi' shall not 
 include in I'l-spect of each nunc worked a lai'ger area than 
 would he gi-anted to other companies, so that all lessees 
 of coal nnnes may, after the ex])iration ol'the Comjiany's 
 lease, stand on an ei^ual looting as regards artjas and 
 otherwise. 
 
 I •" 
 
 ■> 
 
 i 
 
81 
 
 ■•) 
 
 IB.I 
 
 EXTRACTS from the Report of Profs. J. P. Lesley 
 and B. S. Lyman, on the Coal Beds of Cape 
 Breton. 
 
 AI'Um' some ^zriicnil rcniiirks (tti tlie Coal incasiiro iind 
 the- imiiilicr (>r coiil-lMMls ol' (Jape Breton, tlicy in'occcd to 
 Uesi;ril)t' in detail, the iirineipal eoal seams. 
 
 1^ y. 'riii(,'kne.ss and (|nalitv of the [ii'ineipal eoaMiedti. 
 
 'I'lie II in Vkin. wliere it appears in the elilVs at the 
 Uuidini.'' phiee, under 40 I'eet of slates, consists of four 
 niend»ers. in all eight feet tliiek : viz: top slatt; carbona- 
 ceous. eijj,liteen inches: soft Uitnniinous coal, ingliteen 
 inciies: solid liituininous coal, lour feet: hard l)ituminous 
 (H)al, twelve inches. 
 
 Six feet uuiy he considereij the amount of jiood work- 
 al)le coal in the tied at this point. As the workin^rs ])eiie- 
 trated the land towards the west, the hed increased to 
 nine and even ten feet, the upj)ermost member being com- 
 monly rejected in nuniiig out the l)ed. 
 
 'I'he coal is an excellent gas coal, and is exported to 
 Boston and New York for use in the gas works. 
 
 The II.\HHoU Vein, where it app(;ars in the cUiVs south 
 '»f the harV)or. at the mouth ol' Little Glace liay. is live 
 feet thick, wliei'c it crosses the head of the harbor: at the 
 ni'W bridge it shows a solid breast of six feet. At the 
 Xori'is Bank, ;i mile further inland. ;md nearly hall" way 
 roun<l the head of the basin or synclinal, and at an eleva- 
 tion of 180 feet above sea le\-el. it is i'eet thick. At 
 the Cadigan, (or International) Mines, in the clilVs to the 
 north, it runs about feet thick. It has a line sweep 
 
TsssBsmm 
 
 ' 
 
 1^ i 
 
 :\2 
 
 above s<!ii level. Its coal is tinner and more ])oi'tal)le tlmn 
 that of the llul) Vein, better for raising steam, and not 
 so good for gas, but yet a good gas coal. It is a pnre 
 coal, with very bttle sidphur, little ash. and high ealoric 
 power. This is the [»i'ineipal bed of the International 
 Tract, and incivases to an average of nine and a maxinunn 
 of ehn'cn I'eet. (so rejtorted — not verilied) in the Block 
 House Basin, where it is known as the Big Block House 
 Seam, and yiehls the ga^ coal which liastlu> highesl i'e]iu- 
 tation in the New York ('ity (Jas Works: lieing con- 
 sidered there, superior to any coal which ha/, as yet, come 
 to them from the British Provinces. 'J'here seems to be 
 no reason to doubt the identity o^' this Block House bed 
 with the Harbor bed ficrtlier north. The beil does not, 
 oiitcro|) through the Clyde Tract, having been swept 
 away in the general and gi'a(bial ci'osion of that ])art of 
 the coast. Its outcrop is under the sea, about hall' a nule 
 from shore at the nearest point. 
 
 T!u> THKp:p>ro()T Vkix was worked for domestic use 
 fornun'ly. wlu>re it crosses Little (ilace Brook half a mile 
 above the new bridgx' : comes out upon the < )ast as a 
 three foot bed. (at Boutellier's farm at the old mine, now 
 destroye(l by the waves) and after crossing the (Jrcat 
 (ilace Bay enters the Clyde clilf'^ as a ibur foot bed. 
 di\ided into three mcndwrs, the upper and lowci' of which 
 are u'ood i >;,.!. In its course aci'oss the Clyde Tr;ict. llu're 
 may i)0 places where the bed will bear mining. But in 
 its untried condition, it is properiv reject mI Irom the list 
 of workable beds. What its condition may be beneath 
 the highlands of tin; Intcn-national back tracts is not 
 known. In tin; Block House basin it is \u>t recognised. 
 
 The Backi'IT Bed, (bur H'ct thick, wIumv it crosses 
 
 ^ 
 
' 
 
 irTfl^Blte^ 
 
 SSEfiat»KEEKaLS5£,'fta:L 
 
 ',in 
 
 Little Glace Brook, yields very beautiful, rieli. hard, ])ure 
 eoal, and is })rol)al)ly a workable bed where it comes out 
 upon the coast with its outcrop covered by the sand and 
 water of the raceway at the mouth of Great Glace Bav. 
 But on the opposite side of the water, in tlie cliffs at the 
 west end of the Clyde Tract, is a worthless bed only two 
 leet thick ; althoufih, what coal it contains is good, and 
 lies between two layers of clay, so that it could be easily 
 mined. Whether it is restore(l to its natural size further 
 in the Clyde Tract, is not known. In the Block House 
 basin no account is taken of it. 
 
 The Phelan is a noble ))ed of coal, sweepmg through 
 three tracts, the Internation;d, tlie Caledonia and the 
 Clyde, with a great expanse and remarkable regularity. 
 Its southern water level line, "'most })erfectly straight for 
 more than two luiles, aud then taking a grand sw^eep 
 northwestward and northard to the mouth of Lingan Bay 
 is the greatest feature of the map. Where this line cuts 
 the clitl's at each end of the Clyde Tract, the bed is seven 
 and a half feet thick where it enters the north shore of 
 Great Glace Bay, and where its outcrop crosses Little 
 (ilace Brook, the bed in one place haj)pens to be exactly 
 eight feet, and in the other eight iect two inches thick, 
 (at the east end, impression is, that it is eight feet thick ; 
 but this is got from testiinnny. and was not veritied.) 
 How long it keeps this r;Miiarkably equable character in 
 its course northward, we only know from one or two ex- 
 cellent openings in that direction. But at the old Mining 
 Association's abandoned works at the far end, where the 
 outcrop and water level come again together in the 
 liridgeport cliffs at Lingan Bay, the l)e^l is reported to be 
 oidv six or seven ieet thick. 
 
84 
 
 In the Block House liasin it is known us the McAulay 
 bed ; it is also six t'ect tliiek, hut livo and a half and tive 
 feet advancing u\) the coast: on account of its extent and 
 thickness and quality, it may he c-onsidered even there to 
 be the i)rincipal feature of the Coal Measures, as it cer- 
 taiidy is in all the country to the north between the Great 
 Glace and the Lingan Ba3's. 
 
 In the (^nality of its coal, it resembles and is fully e<|ual 
 to tlu' iiul) Vein ; being a very tine gas coal ; pure in its 
 benches; solid, nndivided bv anv slates, and sullicientlv 
 I'ortahle: giMicrally free from stdphur. and with little ash. 
 Were there no other workabk^ bed in il e region, the 
 superior (piality and incredible i[uantity ol Tiicl contained 
 in this one bed, on sliort\ without working out to sea. 
 wouM make the Province wealthy. This will be shown 
 more in detail in the next section of this report. 
 
 The liuss Bkd, x\t\\ a still wider sweep than the Phelan 
 bed has, and underlying nearly the whole of the Interna- 
 tional and Caledonia, and the whole ol' the Clyde and 
 Block House Tracts — is a nnich smaller bed. On Glace 
 Bay Brook it measures hve I'eet four inches; on Schooner 
 Pond live feet six ; on Cow Ba\ lour fei-t l()ur inches, on 
 the north side of the basin ; I'urtlier on. at M(d-{ury's it is 
 over three icH't. But its coal seems to be of good cpiality 
 e\'(>rvwhere. not so much as a gas coal, as tor domestic' 
 and manufacturing uses. The bed has not yet been 
 Wf)rked at more tlnui \\x<> [>oints in its extensive outcro})- 
 ])ing. and theretoi' ' may be found of a ditferent ([uality 
 elsewhei'c. in other words, it may vary ;is the Harbor 
 l^lock House I Iocs, it is the oidy bed {w\\\\ the excep- 
 tion of the one l)elow it next to he mentioiu'd) which 
 passes Schooner Fond eastwanh to (Mit through the North 
 Head I'romontorv. 
 
35 
 
 The L()N(^^ Beach Bed. (so culled on Cow Bay, where 
 it stands at 4;") deg. s()Utli ilip, and is three feet thick.) 
 Almost evervwliere outcro[)S outside the limits of these 
 tracts, i)Ut ol' eoui-so underlies them all, and is very little 
 understood Beneath it art' two thousand i'cet, and more, 
 ol' barren measur(\s, and therefore here the description 
 ends. 
 
 I ««IESCCi 
 
 DESCRIPTION of the International Company's 
 Tract, its situation, quantity of Coal, &cc. 
 
 This consists of lour claims. (A.B, C. D) tAvo of which, 
 (A. B) arc each, half a mile wide, and two miles long, and 
 ahut against the sea: while the other two, (also nominally 
 s<iuarc mile claims) are of irregular shape, lying behind 
 the Idrmer. along Cadigan's Brook, and wedged in be- 
 tw(.'cn the Glace Bay Company's lands on the east, the 
 Pepperill Tracts on the south, the Boston and Bridgeport 
 Tract on the west, and the old Mining Association's 
 Bridgeport land on the north, so that the claims A B are 
 mineil from tlu' r-oast, or by a slope or shaft colliery near 
 it. with a shipping place at ihc mouth of Cadigan's Brook ; 
 wliile the Back claims C D. must be nnned by shafts in 
 the neighlioi'hood of the uroposcd rail road to Sydney. 
 
 The outcrops of the coal hcds strike wide curves across 
 these claims, as shown upo.' the luap, from north and 
 west to south and east, the highest land being between 
 two and three hundred feet above sea h>vel. giving above 
 water a line, bi-oad breasting ground of coal. 
 
 The IIakhou Bku (Cadigan's) underlies three-tburths 
 of A and half of B. with a curve of outcrop .18,500 feet 
 
36 
 
 |Xy 
 
 (moi'e than two and a half miles) l()ll'^ and a (Mirve of 
 water level firani^rway, the chord of whicli is 9,500 feet. 
 
 The Phelan Bed underlies ail of A, B, (J ; with an 
 outcrop 9,000 feet long-, hut a water level gangway (800 
 feet from it) of only 2,500 feet, on account of the peculiar 
 shape of the claim. But as this bed must be wrougiit by 
 ])it and not by entry, it does not so much matter. 
 
 The Ross Bed has an outcrop over 13,000 fei't (nearly 
 the entire length of tL^ i-^'-k claims C, D) and a nearly 
 straight gangway water le. T 11,000 feet, with an ave- 
 rage breasting above it to the surface of 800 or 400 yards. 
 
 The folldivni;/ Statements will show the iininhrr of tons of" 
 Coal in the Harbor, IhckiMt, Phelan and Rass Beds on this 
 property : — 
 
 I. — In Claims A. and B. 
 
 Harbor Bed — Area, 4,2(i8,883 wj. yds. (887 acrcK) has 
 Backpit " " (5,745,000 " (1,;398 " 
 
 Phelan " " 0,745,000 " (l,ai)3 " 
 
 Ross " " 6,745,000 " (1,;«)8 " 
 
 Total ill clainiB A and B, . . . 
 
 Tons. 
 
 8,53«,(i()(; 
 
 8,070,850 
 18,548,750 
 11,!);«,()50 
 
 47,084,0 l(i 
 
 2. — In Claims C and 1). 
 
 Backpit Bed — Area, 1,440 sq. yds. (897.4 acres) has 
 Phelan " " 3,190 " (452.5 " 
 
 Koss " " 4,447 " (919. " 
 
 Total in claims (' and D, 
 
 (irand Total in claims A, B, ('. 1). 
 
 Tons. 
 
 . 2,880.554 
 5,901,777 
 8,37;{,82(> 
 
 17.110,157 
 
 65.111,07:1 
 
 \ 
 
 \:^ 
 
\ 
 
 87 
 
 Statement of No. of Tons of Coal above Sea Level. 
 
 1.— In a and B. 
 
 Harlxtr Bod— Area, 1.75:5,:JO(> hi]. ytls. QWZ acres) 
 Backpit " " m,rm " (1!) 
 
 Tons ab()V(! water level in A and B, 
 
 Tons. 
 8,500,612 
 122,975 
 
 3,(]2!),587 
 
 2.— In C and 1). 
 
 Backiiit Bed— Area, 418,(511 s(]. yds. (85.5 acres) . 
 Phelan " " 912,100 (188.5 " 
 
 Ross " " 1,545,000 " (81 1. " 
 
 Tons above water level in C and D, 
 
 Total No. of Tons above water level, 
 
 Tons. 
 511.481 
 2,482,938 
 2,740,660 
 
 5,781,085 
 
 9,410,662 
 
 Note — The " Three Foot " and " Lonj? Beach " Beds are not included. 
 
"Siiitmmmmmtmm*>r 
 
 ^,^.*M3jjmm 
 
 88 
 
 [C.] 
 
 Office Manhattan Gaslight Comi'any, I 
 New York, August 30, 1865. \ 
 
 To the Officers of the Tnternational Goal and RaHway Co. : 
 
 GrENTLEMEN, 
 
 The result of the examination of an average sample 
 of the coal from your mine, received per schooner " Mar- 
 garet Ann," is as follows : 
 
 One ton (2,240 pounds) yielded 9,500 cubit feet of 17-0 
 candle gas. and 32 bushels of coke, weighing 1,480. 
 
 analysis of the coal. 
 
 Volatile Matter, 
 
 Fixed Carbon, 
 
 Ash, 
 
 38.6 
 
 57.1 
 
 4.3 
 
 100.0 
 Very respectfully, 
 
 J. A. SABBATON, 
 
 Engineer. 
 
 ■■I 
 
isa 
 
 39 
 
 [D.] 
 
 PROVINCE OF NOVA SCOTIA, 
 
 mtxmXm^X fioiU and failwag (Kampanjj. 
 
 FIRST MORTGAGE BOND. 
 
 £200. 
 
 .Ko,- 
 
 Know all men by these presents, that the Interna- 
 tional Coal and Railway Company, a corporation 
 organized under and in contormity to the laws of the 
 Province of Nova Scotia, is indebted to the bearer hereof 
 in the sum of Two Hundred Pounds sterling, lawful mo- 
 ney of Cireat Britain, for money loaned for the construc- 
 tion and equipment of its road from Sydney, in the Island 
 of Cape Briton, to the mines of the International Coal 
 and Railway Conqtany at Bridgei)ort, in the county of Cape 
 Breton, including fourteen miles of railway; and in con- 
 sideration of such indebtedness the said, the International 
 Coal and Railway Company, duly aixthorized and empow- 
 ered bv the General Assembly of the Province of Nova 
 Scotia, hereby promises mid agrees to pay to the bearer 
 hereof, on the first day of June, in the year erne thousand 
 eight hundred and eighty-seven, at the agency of said 
 Cijmpany in the city of London, England, the said sum of 
 two hundred pounds sterling, with interest thereon at the 
 rate of six [)er cent, per annum, payable at the agency of 
 said company in the city of London, p:ngland, in semi- 
 annual instalments, on the lirst days of June and Decem- 
 ber in each year, on presentation and delivery of the 
 interest warrants or coupons hereto annexed ; and in case 
 
40 
 
 ! { 
 
 of the ii()ii-|>iiviii('iit ofiiiiv liaH-vciirlv iustaliiiciit of inter- 
 est wliicli shall have Ix'coine payable, iiiul sliall have hecii 
 (lemandi'd, il'siieli delaiilt shall eontinue lor tlii'ee iimiiths 
 
 ih 
 
 th 
 
 after the luaturity of the said ii 
 this l)oiid shall become due in the manner and with the 
 ell'eet ])r(>vided in the Deed of Trust or Mortgage herein- 
 after mentioned. This bond is one of a series eonsisting 
 of six hundred and twentv-live bonds, each for two hun- 
 dred })ouiids sterling, numbered eonseeutively from one 
 to six huiidi'ed and twenty-live, inclusive, all dated the 
 first day of A})ril. in the year one thousand eight hundred 
 and sixtv-seven, and the payment of which is secured by 
 the deed of trust or mortgage made by the said company to 
 the lion. Samuel Leonard Shannon, of Halifax. Nova 
 Scotia, and the Honorable Thomas D. Archil)al(l, of Syd" 
 ney, Cape Breton, Nova Scotia, Trustees, conveying the 
 railroad from Sytlney, in the Island of Cape Breton, to 
 Bridgeport, including fourteen miles cjf railway and its 
 ecpiipments and a[)pnrtenances, and the franchises and 
 things therein described, together with all the docks, 
 mines, and mining ])ro[)erty of the said International 
 Coal and Railway Coin|)any. 
 
 In witness whereof the said company has caused 
 
 their corporate seal to be hereto altixed, and the 
 
 same to be attested by the signatures of its Pi-e- 
 
 sident and S(>cretai'v. and the interest warrants 
 
 t. be signed by their Secretary this lirst day of 
 
 April, in the year on(^ thousand eight hundred 
 
 and sixty -seven. 
 
 A. C. MORTON, 
 
 ; ; PresideiU. 
 
 : Seal of the : 
 
 : Company. : ALFRED MACKAY, 
 
 : : Secretarij. 
 
 'I 
 
 X 
 
41 
 
 (Koim OF COUPON.) 
 
 C6. — Tlic riitcriiiitioiial Coal and Railway company will 
 ]iav flu; boarer liercoi at tlic au'i'ncy of the said ('oni])any 
 in till' city of London. Mn^u'land. six ponnds stci'lin^'' on 
 \\\v Jirst thifi (if Ihrciiilicr. lst)7. bcin^i;' scnii-ainiual interest 
 dne on that day on Bond No. 1. 
 
 ALFRKl) MACKAY. 
 
 Secretanj . 
 
 0"'OHM OF KNDOHSKMFNT ON BOND.) 
 
 No. 
 
 ,£200. 
 
 IIIK IXTKltXATIONAL CoAL AND JiAlIAVAY f'OMPANY OF 
 
 NOVA SCOTIA, 
 
 First Mort,ua,!i(' Six I\t Cent. Bond. 
 
 'IMiis l)ond is one of six linndre<l and twenty-live named 
 ill a niorl,ua,!ie or deed ol' trust hearing even ilate made by 
 the sai<l I ntei'nal ional Coal and Railway Com})any, 
 w liei'chy its Irancliises, mines, mining property, railroad 
 and e([ui[»ments ae(|\ure(l and to he ae(piired are convey- 
 ed \() us as trustees as s'curity tor the payment of all saitl 
 bonds. And we further certily tliat this bond is issued in 
 conformity to the condition of said mortgage. 
 
 S. L. SHANNON, 
 TIIOS. I). ARCHIBALD. 
 
 Trusltns. 
 
A 
 
 \ 
 
 42 
 
 MORTaAGE. 
 
 THIS IN'DKNTriiK ma-lc this tirst .Liy ..f April in 
 tlu' yciii' of our Lord one tlioiisiiml t'i<ilil Iminlrcil ;iiiil 
 sixty-seven. \>\ ;\\n\ between TiiK Ixtkunational ("oal 
 AND RaIIAVAV CoMl'ANV, ;i eorpdi-jition < )r<:;ini/e( 1 under 
 mid in ennlWrniity to the Inws of the Province ol Xo\:i, 
 Seotiil. of the lirst part. ;ind the IIoXoKAHLK Samikl 
 Leonaku Shannon ol the city oT ITnliliix in the Province 
 of Nova Seotiil. and the IIonohahi-e Thomas D. Akchi- 
 HAl;l) ol' North Sydney in the county ol'C^ipe Brtiton and 
 Province at'oi'esiiid. trustees, pai'ties ol' thi' second part. 
 WIIKKKAS. the siiid the liiterii;itio;ini (\.al nnd Rail- 
 way Coiiipaiiy l)y an ;iet of the (Teiieral Assenihjv of tiu; 
 Province ol' Xo\a Scotia p;isst'(| on the tenth dav oI'Mav 
 in the year ol' our liorl one thousand eiuht hundred :ind 
 sixty-four, and by an aet in aniendiiieut there'of passed on 
 the ei^i^'iith day of Mai'eh in the yoiw of our Lord one 
 thousand eisiiit hundred and sixty-live, were con^iituti'd 
 a l)ody politic by the said name of the Intei'uational Coal 
 and Railway ('onipan\'. for the purpose of purehasinu', 
 holding:', leasiiiii', and selling' mines and minini;' I'iu'hts and 
 of opeiiiiiL;' and woi'kiii^u' the same in the eountv o!' Cape 
 Breton al'()ivs;iid. ;iiid ti'ansacting all business connected 
 tliei'ewitli and for the puivhase and sale of coals, for liold- 
 \]\'j: ami coincyiim' I'cal estate, mills and niachinerv, for 
 maiiufai'turin^L;' and sellin;^' coal oil and tioi-in^L;' and obtain- 
 in,ii' till' same fi'oin the earth and for other purpose^ eon- 
 necteil tlierewilh. I()i' the construclin^i;' and opcratinir rail 
 road and branch I'oads. liir the transportation of coal, coal 
 oil and other freij^'lits from the mines of this Companv or 
 fi'om any otlu'r coal mines in the county of Cape Breton 
 to one or more places of tra'.i.->hipnieiit. and Ibr the trans- 
 
 i V-v- 
 
 mtmmimmf'^ 
 
 

 i;; 
 
 i v^-- 
 
 \ 
 
 jK)i'tiii,L!' of |i;iss«.'ii<ici's and IrciLiiit ovci' siicli i-oiul or roads 
 :iiid all otiii'i' l)usiiicss iirccssarv and iisiiallv pci'lonaod 
 on rail roads, joi' consti'iictinL:' ami lioldinu' siicli w liarvcs, 
 docks and |ii('i's as may lie ncccssarv loi'tlic hnsincss ol' 
 tlic company. Am/ W'/nnds, it is prox idcd in tlic scconil 
 section of said amcndt'd act in the words Tollowinfi', lauiR'- 
 ly. "'riic capital oi' the company sliail lie one million of 
 "dollai's, divided into twenty tlionvmid shares ol lil'tv 
 •'dollars each, which shall K*' jici'sonal property and 
 " transl'eralile only on the hooks of the companv. Tlu; 
 '•corporation shall li;i\-e power to increase their capital 
 "stock liy the issne of new shares l)y the vote of the ma- 
 "Jority of the sto(d<liolders in interest, any coal company 
 "or other corporation eithir ioi-eiun or iiicorijoratcd in 
 "this l'ro\ince may own and traiisil-r any stock in the 
 " said company. '^I'he said corporation shall ha\e |)o\ver 
 ''to borrow niom^y liy a xore ol' two-thirds of the Direc- 
 "tors for the purpose of o)>eratin,u' its mines, building and 
 "e(piip[)in<:' said rail road, and to issue bonds for tlie 
 "same, bearing interest at the rale of not more than six 
 "percent, per annum securi'd by a mortgage on all the 
 "property, real and personal, of ll,e said coin])any, in- 
 " eluding mining rights rail roail and rolling stock to be 
 "}>u1 on the same or on portions of the said jjrojx'rty. 
 '''I'he said mortgage shall be e\e<Mited in due form ol law 
 " — 1(» ]iass real estate and shall be rei'orded in the t)lliee 
 "of the Jiegistrar of Deeds of the county of Cap i>";'tou 
 "and from the time of recording said mortgage it shall 
 '• become a lein on said pro[)erty mentioned in the same 
 " j)recedeiit to all other subse(piently ;,c([uired claims 
 '•against the said corporation, tlu' interest and principal 
 "olsaid bonds may be made payable in Halifax, Loudon 
 "or New York." 
 
44 
 
 N 
 
 Am/ W/ii'i-rds, iif ;i llii'ctillii' ol" flif I )irc('ti US < if tlicsirnl 
 IiiteniiitioiKil (yitiil :iiiil K.'iilwav ('()iii|>;iiiv lirM on ihc 
 tWM'iity-lirtli il;iv <il' M.'ircli his! |i;ist. it w;is In ;i t wutliirds 
 Vote ol' tlic said Dii't'ctors. (Iccidcil to liori'ow monies for 
 the purpose of o|iei'atin^' the said mine and liuihliii.L!' and 
 ('(|iiii»)»in,u' said rail road, under the |»ro\ isions of the sai<l 
 act of incorporation, and the said party ol" the lirst part 
 under said resolutions of the saiil l)ii'eetors and li>r the 
 purpose of raisin,L' funds lor the eoiistruet ion and e(|uip- 
 nuiit of its rail I'oad I'rom Sydney in the Island (»!' C-ape 
 Breton to Bridji'eport in the said islaml of Oape Breton 
 and Province aCoivsaid, has provided lor the issue ol' its 
 lioiids in the sum of two hundre(l pounds sterlin.;' each, 
 and ill iHimlicr not to exceeil six hiindreil and t\venty-li\'e 
 Ui-ariiii;- date the lirst day ot April in the yearoCoiir Loi'd 
 one thousand eiu'ht humlred and sixty-seven top'ther with 
 interest thereon at the I'ate of six per eciil. per aiiiiiim. 
 ijuvahle seuii-aiiiiuallv aceordinu' to the interest wai'raiils 
 attaclie(| to said honds on tlie lirst days ol' .June an I De- 
 cemher in each year until the said jirincipal sums are 
 paiil. the same to lie secured l)y a iiiort,L!'a.i;'e on all the 
 real and personal estate, monies, miirni<i- riu'hls, rail road 
 and rolling-stock of the said Interiiational Coal and Hall- 
 way Company hei-eiiialter mentioned. 
 
 Now thereli)re. in order to secure the pavmeiit ol' the 
 principal and interest ol' said hoiids to the \arious persons, 
 bodies politic or corp(>rat»>. who shall heconie holders ol' 
 said honds, and in consideration ol' oiu? dollar lawliil 
 money of the Province of Nova Scotia to them paivi. the 
 International Coal and Railway Company, tlu' party of 
 the lirst herein, has LirantcMl, bariiained, sold. aliene(l. en- 
 [(SoUed, remised, releas(>d, convened, assiniied. transferred 
 and conlirmed: and hy these presents doth <ii\-e. Lirant. 
 
 -^ 
 
 » 
 
 .'**^^p?«a6t^w»i'»^ii^■ff ■- '^*-ff- Vi--w ««• 
 
4r. 
 
 %,t 
 
 »i 
 
 Ijiiiyiiiii, sell, iilicii, remise, release, assifj-n, convey, tnins- 
 I'er iiii(l eoiiliriii. unto ilie said Saimiel Leonard Sliuimon 
 and 'I'lioinas 1 >. Ai'eliihald, tlie said |iailii'S of tlie second 
 part, their snrvi\iirs and sui'xivor. and siicct'ssor and smo 
 c't'Hsors. in tlie trnst lierel»y created, all the I'ailroad oi'tlic 
 saitl International Coal and liailway Company, |)arly of 
 the lirst part. Ironi Sydney aforesaid to Brideeport afore- 
 said, liotli in the said ('oniity of Cape Hi'cton and afore- 
 said I'rovinee of Xova Scotia, as the same may he con- 
 structiMJ. linildc(| or ac((nired. hein^i' in distance al)out 
 fourteen miles, the width of the said I'oad liein;j' one liiiii- 
 dre(| feet, to.ii'ether with the real estate, lamls, rig'lits of 
 wav, depot, grounds, roatlway, turnouts, rails, fenceH, 
 l)rid^-es, stations, houses and other l)uildin<i'.s, cnjiine 
 houses, machine shops, and all euj.dnes, rolling; stock, also 
 the lands, land covered with water, docks, wharves and 
 jiiei's, situate at the town of Sydney aforesaid, as the .same 
 are now or mav 1>e hereafter owned or t'onstructed ])y 
 said party of the lirst jiart, tot-'ctlH'r with all and sing-ulur 
 the rights, pri'ile^;es and franchises of .siid ]iarty of the 
 lirst part, ajipurtenances, or in anywise belonging to .said 
 railroad now existing or hereafter to he acquired. Also, 
 all the mining propt'rty now owned l>y the said piirty of 
 the lirst part, descrilied as follows, that is to say: 
 
 l^'iHST — All that certain Icasi' of mining rights made 
 hv the Queen's most Kxcellent Majesty to the said Inter- 
 national Coal and Railway Company, hearing date the 
 lirst dav n{' April, in the year ol' our Lord one thousand 
 eight hundred and .sixty-seven, of the coal mines con- 
 tained in the area of land described as follovv.s, namely: 
 Beginning at a point on the western line of Patrick Cadi- 
 gan's Coal Lease, distant from the shore by said line 
 three hundre(l let't : thence running .south seven degrees, 
 
..*<«^»S^»i^^1«i«^K^'''i*l»^-^^^ 
 
 46 
 
 \V('st three liundi'cil und sixty feet, to ii st:iko iiiarkcd ms 
 u I'onu'i": tluMico niiiiiiuu' soutli one dciircr, west oiu' 
 luindi'tHl and sixty cliains: thence north ei,Lihty-nine de- 
 •I'lves. west i'orty-two ehiiins ;iiid thirty lini<s: tlieiiec 
 north one <U',L;ree. east one hnmh'i-d and twenty chains, or 
 to a point distant t'.venty yards IVom tlie eastei'ii line of 
 the Genei'al Mininii' Association's l^rid<i'e])ort Tract, thence 
 north thii'ty-six dcLirees, east or parallel to said eastern 
 line lifty-nine eliain<. more or less, to die seashore at 
 Dead Man's (Jo\e alores.iid : thence easterly hy said shoi'e 
 to a point distant lil'ty yards f'ro;n the northern corner 
 honnd of the lease to Pati'ich ('aili^^an al'oresaid; tlienc(^ 
 sontli seven dcLii'ct's. west jiaralle! with the wcstci'n line 
 of said lease tlii-ce hundi'inl feet; thence south ei<:iity- 
 nine degrees, east litty yards, or to the ])lace of heii'in- 
 ninu". containing' one s(tuare mile, more or less. Said coal 
 area being situate at Dead Man's (Jove, in the (bounty of 
 Cape Breton aforesaid. 
 
 SKt'ONDliV — AW that certain othci' lease of minin.u' 
 •i dits nuide hy the (.Queen's most Kxcellcnt Majcstvt- 
 ilic said International (\>al and Hail\\ay C'ompany. hcai'- 
 in,L;' date on the said iii'st day of .\|iril, in the year of our 
 Lord one thousand eiLiht hundre(l and sixty-seven ami 
 heiuL;' of coal mines situated at lirid^Lieport. '.n the said 
 County of Cape Uivton, and descrihcd as follows, that is 
 to say: Px'gimiinti' at an iron pin and stake at the ClilV 
 Head, ai 'he ilistance of lifteen feet westwardly from the 
 northern cornel' of the l)lacksniitirs Koru'e on the south- 
 ei'u sidt' of Bridiicport Hay : thence runnini;' south live 
 dc^'rces. west ten chains and sc\'cnty liid<s; thence -^oiuli 
 one dc>ii'ee, west one hundred and tifty chains; thence at. 
 right an,!ilcs south eight\ iiln" degrees, east forty cliains; 
 thence north one degiee. east one hundred and tiftv 
 

 47 
 
 "i 
 
 cliaiii'j: tliciH'c north I'wv detrrces, cast ti'ii cliai'/s. more 
 or less, to the (Mill' Head; tlieiicc westerly bv the several 
 courses (>!' said (Mill' I'ortv chains, more or less, to the 
 l)liU'c ol' l)cuiimiii>i-, coutaiiiiug one square mile, more (jr 
 
 less. 
 
 rillHDLV — Al>l. that certain othei- lease mad<' by the 
 Queen's Most Kxeellcnt .Majesty to the said Jntcrmitioiuil 
 Coal and Railway Company, bcarin.Li' ('.ate the said lirst 
 day of A])ril. in the year of our I.ord one thousand eiiiMit 
 hundred and sixty-seven, of certain local mines situate 
 between lii'idgc'port and l^ii:' (ilace liay Lake, in the 
 county ol'Capc Breton, and Province aforesaid, described 
 as follows: That is to say, commencing- on the Northern 
 shore of Bi,<:- (ilace Bav Lake, at the South Western an^de 
 of a coal tract held under the lease to J. IL Converse anil 
 others; thence North forty-one de.Lirccs West line of said 
 coal lease, one hundred and iifty-li\-e (diains, or until it 
 meets tlie South-west ai;<zle of a lease to the Rev, II. Mc- 
 Lcod ; thence South l()rty de,urecs W'e.^t. along- the South- 
 eastern line of a lease to tlu'said International (Joal Com- 
 ])any. tifty-lburchains liftv links, oi' to the Southern angle 
 of the lease la^t mentioned : thence South Ibrtv-seven de- 
 grees jvisi. one huuilred and fifty (Miaiiis, or to the shore 
 of liig (-i.ee P)ay Lake aloivsaid ; thence easterlv bv the 
 snore of said Laketo the place cd' com, aenccmeiit, contain- 
 i ig OIK' S(piare mile, more or less. 
 
 Koi KTlit.v— Al,L that certain c '.icr lease made by the 
 (.Queen's Most Kxeellcnt Majesty to the said lnternati(Mial 
 Coal and R;iilwav < 'oiupanv. bearing date the said lirst 
 day ol' .April, in tlie \ca,' (>;■ oui' Lord one thousand ei<dit 
 liinidreij and sixty-se\ en. o[' ceriaiii coal mines situate 
 1 let ween liridgeport and Big (ilace Bay I^ake, in the 
 county of (.'ape Breton and Province aforesaid, di'sciibed 
 
v;si, .,Ju.-*<'^-t^»%«ft*;»Si!SS'>;^*:^!«.-t'W**r?af.^^^^ 
 
 4S 
 
 us I'oHdw.s: Thnti.s to s;iy, cornmeiicinj^ at the SoutlK-i'ii 
 jing'le of the Geiiei'al Mining Assoeiation's Bi'i(lu'e[)()rt 
 tract; theiu;e South tweutv-tive degrees, West sixtv-live 
 cliaiiis, along the Eastern line of a S(|uare mile, licensed 
 to Stephen II. llead: thence South thirtv-tive degrees. 
 West thirteen chains: thence North ibrty-live degrees 
 West (A. J). 18()1). lii'ty-eight chains; thence South 
 tweiitv-nine deurees. West fortv chains; thence South 
 forty-seven degrees, East seventy chains; thcncn^ North 
 forty-three degrees. East (A. D. lyBO) lifty-fourchains and 
 lifty links; thence by the Western line of said lease 
 North, two dcgrei'S West (A. 1). 18()0), one hundred an<l 
 twenty-seven chains to the EasteiMi line of the Bridgeport 
 ti'act aforesaid; thence liy the said Eastern line South, 
 twu'iity-ninc degi'ces West [A. 1). 1<S()0). sixty-six ciiains 
 and sixty links, to the place of heginning, containing one 
 S(juare mile, more or less, ivsifving, however, in all the 
 said areas a strip or margin running all round the several 
 lots or areas, as in the sai<l leases is particularly set 
 forth. 
 
 FlF'l'lll-Y — 4Mie unexpired lease and leasehold property 
 at Bridgeport atoresaid, containiag one hundred aert's of 
 land, being tlii^ entire tarm of James (.'adigan. li'ased by 
 him to Hugh McLcod. on the twentieth day of August, in 
 the year of our Lord one thousnnd eight hundivd and 
 sbxty-lbur; and suid lease assigned by ^aid Hugh McdiCocl 
 to the said International Coal and Railway Company on 
 the seventh <lay of ^hirch, in the year of our Loi'd onc' 
 thousand eight hundred au<l sixty-live. 
 
 Also, the following lot of land containing one hundred 
 acres, more or less, situated at Bridgeport, in the town- 
 shij) of Sydney, county ol' Cape Breton, fronting on the 
 sea shore, and bound(>(l North- wcst(;rlv bv the lands of 
 
 in 
 
49 
 
 iiini iiiMMny* 
 
 Miclia(3l Younfr. on a course South thirty-tliree d'^grees 
 West, to lands of Dennis Cadigan ; thence on a course 
 North, twentv-tive (h'grees East, to tlie North-east corner 
 of the said Dennis Cadigan's hmd; thence on a course 
 South, thirty degrees West, to the main road; thence 
 ak)ng the road on a course South, lifteen degrees East, to 
 hinds of Hector Melntyre; thence hy Hector Mclntyre's 
 southerly hoi.ndai'y North, thirty-three degrees East, to 
 the shore aforesaid, and thence along the shore northerly 
 to the place of beginning, being all that lot lying between 
 the road Westei'ly and the shore Easterly, the lands of 
 Michael Young and D.Minis Cadigan Northerly, and Hector 
 Melntyre Southerly. 
 
 Also, the (ollowiug tract of land situate and lying and 
 being at Bridgeport aforesaid, in the county aforesaid, and 
 described as follows: That is to say, all that ])ieee, parcel 
 or lot of laud beginning at the Northwest angle of land 
 in possession of Dennis Whalan ; thence Sonththirty-four 
 deo-rees, West forlv-ninr chains and lift\ links, to a stake 
 on general rear line; thence N 'li tifty-six degrees, 
 thirty minutes West, ten chains, nioi'or U'ss. to a stake; 
 thence North thirty-three degrees East, or IMUiwing the 
 Eastern line oi^ Hector Mclntyre's land, tifty-tiyc chains 
 more or less, to the road leading Irom Glace Bay to Syd- 
 ney ; tlienc(> along said road South-easterly to the place of 
 beginning, containing tifty acr(>s, more or less; reserying 
 thereout Irom and out of said last described lot, about 
 hall'nn acre of land In-longing to Hugh McLeod, behig at 
 the North-west corner of said lot, fronting on the road 
 aforesaid, and measuring two hundred and ten feet in 
 front and rear, and one hundred and liye feet in depth on 
 
 each sK 
 
 le. 
 
 Also, all that other lot (^f land beginning at a birch 
 
v^ ■ 
 
 60 
 
 tree bchtg the northwest iinglc of laud granted to t^^o 
 General Mining Association, thenee south twelve degrees 
 west iiitty-six cJKiius more or les-s to a stake, thence north 
 seventy-eight degrees west at right angles to said line ten 
 chains, thence north twelve degrees east or parallel to the 
 W(>stern line of grant aforesaid sixty chains more or less 
 to the general rear line of the front ranges of lots from 
 Bridgeport (afoi'esaid) Bay, thence following the rear line 
 aforesaid south lifty-six and one-half degrees east eleven 
 chains and lifty links more or less to tln^ place of com- 
 mencement containing lifty acn'es more oi' less. 
 
 Also, all that certain piece, parcel, or tltle^ of land be- 
 ing part- of lot number thirteen on the eastern shore of 
 Sydney river in the county of Ca}ie Breton aforesaid and 
 abutted and bounded as follows, that is to say, by a line 
 commencing at high-water mark on the eastern shore of 
 Sycbiey river aforesaid at the southwest corner or angle 
 of fots numbers fourteen and iifteen owiu'd by James 
 Carline thence running easterly by the southern line of 
 the lands of the said Jan\es Carline twelve hundred and 
 fifty feet thence south tifteen degrees west six hundred 
 and sixty feet to a stake at the north(M-n line of lands 
 owned by John Muggah, thence westerly hy the northern 
 line of lands of the Siiid John Mugsiah tlire(^ hundred feet 
 thence northerly nearly parallel witli the located line of 
 railway \\i\w humlred and tiiii-ty fet>t. thence westei'ly 
 j)arallel with the southern line of lands of tin' said James 
 Carline nine hundred and thirty feet nioiv or less to the 
 shore of Sydney I'iver, and thenee nortlu'rly l>y the \ari- 
 ous windings of the shore of Svdney rix'er al'M'csaid to 
 the place of l)eginning. boundeil on the north l)y the h'uds 
 of the said James ('arline, on the east by the remainder 
 of the lands of the said .John Lorwav on the south by the 
 
r>i 
 
 laiitls of tlic sj'hl .))!i:i Mim'u'iili and the lamls of the said 
 John Loi'way and on the west h_v the' vvatcns of Sydney 
 Kiver aforesaid. 
 
 Also, all that fcrtain ])icce, parcel or lot of land situate 
 lying" and bcin^ij; on the eastern shore of Sydney river in 
 the connty of Ca])c Breton aforesaid, and abutted and 
 bounded as I'ollows, that is to say, bounded by a line 
 conunencing at high water mark on the eastern shore of 
 Sydney river .)resaid at the northwest angle or corner 
 of lots numbers iburteen and tifteen owned l)y James 
 Carline, thence running easterly by the northern line of 
 the lands of the said James Carline twelve hundred and 
 lifty feet, thence north iifteen degrees east to the southern 
 line of lands owned by Kobcrt Belloni, Esq., eight hun- 
 (h'cd and lifty-eight feet, thence westerly by the southern 
 line of lands of the said Kobert Belloni twelve hundred 
 feet more or less, to the sliore of Sydney river aforesaid, 
 thence southerly by the various windings of the shore of 
 Sydney river to the })lace of beginning, the said lot being 
 bounded on the south by the lands of the said James 
 Carline, on the east by the remainder of the lands of the 
 heirs of Amie Gibbt)ns, deceased, on the north by the 
 lands of the said Robert Belloni, and on the west by the 
 waters of Sydney llarl)or aibresaid. 
 
 Also, alll that certain piece, parcel, or lot of land situate, 
 Iving and being on the Eastern shore of Sydney lliver, in 
 the county of Cape Breton and Brovince of Nova Scotia 
 aforesaid, bi'ing part of lots, numbers fourteen and tifteen, 
 and abutted and boundetl as folk)ws: That is to say, 
 bounded bv a line eoninieiieingat high watermark on the 
 Eastern shore of Svdnty Ri\er, at the North-west corner 
 of lot numl)er thirteen, owned by John Lorway ; thence 
 running Easterlv 1)V the Northern line of the lands of the 
 
 ^^ ■ ::mm^- ■■^mmmaimtii itmmmimMf' W mmim 
 
52 
 
 siiid Jo] in Lorwav, twelve hundred and liftv feet : tlienee 
 North, fifteen degrees East, to the Southern line of lands 
 owned by the heirs of the late Richard Gibbons, Esquire, 
 deceased, six hunch'ed and sixty feet, more or less ; thence 
 Westerly by the Southern line of lands of the siiid heirs 
 of the said Richard Gibbons, twelve liundred and fifty 
 feet, more or less, to the sliore of Sydney harbor, and 
 thence southerly by the various windings of the shore of 
 Sydney river or harbor aforesaid, to the place of begin- 
 ning, the said lot hereby conveyed being bounded on the 
 soutli by tlie hinds of John Lorway ; on the east by tlie 
 remainder of the lands of the said James Carline; on the 
 north by the lands of the heirs of Richard Gibbons, de- 
 ceased ; on the west by the waters of Sydney harbor or 
 Spanish river. 
 
 Also, all that certain })iece, parcel or lot of land situate, 
 lying and being in the eastern shore of Sy<lney river, in 
 the county of Cape Breton aforesaid, and bounded as fol- 
 lows: That is to say, by a line commencing at high 
 water mark on the eastern shore of Sydney river afore- 
 said ; at the north-west corner of lot number eighteen, 
 owned by Robert Belloni, Esq. ; thence running easterly 
 by the northern line of the lands of the said Robert Bel- 
 loni twelve hundred and forty feet ; thence north fifteen 
 degrees east, eleven hundred and twenty-two feet, more or 
 less, to the southern line of lands in the })ossession of 
 John McLennan ; thence westerly by the said southern 
 line of the lands of the said John McLennan, one thousand 
 and thirty feet, more or less, to the shore of Sydney river 
 aforesaid ; thence southerly by the various windings of 
 the shore of Sv<lney river uforesaid to the place of begin- 
 ning; bounded on the south by the lands of the said Ro- 
 bert Belloni, on the east bv the remainder of the lands of 
 
 ■•WaMi»«>-.»«B»f--- ■«., 
 
58 
 
 the siii'l John Jjoughiiiiii : on the north by the lands of 
 the said Jolui MeLennan, and on the west by the waters 
 ol" Sydney riviM' al'oi'es;ii(h to.uvther with all and singular 
 the estate and interest ol' the said International Coal and 
 Railway Company t)l and in tin' said in part recited leases 
 and lands and pix'niises. ami e\('i'y part and parcel thereof, 
 Avith their, and e\-ei'y of their pri\ih\ues, as well of digging, 
 mining, winning and taken coal, and all other rights, i)ri- 
 vileges, members, appurtenances to the said leased pre- 
 mises and lands and railway and j»remises btdonging and 
 appertaining, together with the said indentures of lease, 
 and all benclits and advantages to be derived therefrom. 
 
 To have and to hold the said premises, lands, leasehold 
 rights, railway jjroperty and I'aiiway and other the rights, 
 property and pi'emises iiert'by gi-anted. or intended to be 
 granted and transferred unto the said Samuel Leonard 
 Shannon and Thomas J). Archibald, their survivors and 
 survivor ami suceessoi- f >r ever, but subject to the condi- 
 tions in said h'ases contained Ibr the uses and purposes 
 and upon the trusts, terms and conditions in this inden- 
 ture ex])ressed. that is to sav : 'J'hat if the interest on anv 
 of the bonds so to be issued, shall not be paid by the said 
 International Coal and Railway Company, ])arty of the 
 tirst part, when the same shall become due, and if such 
 interest shall remain in ari'ear for tlii'ee months, or in case 
 ]iiMneipal of said bonds, or anv of them, shall not be paid 
 at their maturity, then it shall be lawful for the said par- 
 ties of the stH'ond i»art and the survivor and successor or 
 suecessoi's of tliMu in the trust to take }»osscssion of all 
 ami singular the said premises. proj)erty and franchises so 
 eonxcved. and upon tin' written re(|uest of the holders of 
 at least one-third of the said bonds issued hereunder, and 
 then outstanding, shall cause the said jiremises, real and 
 
 / / 
 
 ■^.tawe»^".tfyjftiw)t».w««8ij^iiii^ 
 
64 
 
 persoiKil c'stiitt\ niilwiiy, I'i^lits ;iii(l fhuicliiscs, t(» 1k' Hold 
 ill till' city III' Ilalit'iiN in the Province ol' Nova Scotia, 
 giviuj^ at, least t\vcl\-o weeks notice of said sale, by piih- 
 lisliiii.L:' the same in at, h'ast one daily newspaper in the 
 city of llaiil'ax, and wlicivver else rcipiired by law, and 
 on such sale to make, execute, and deliver ti> the pur- 
 chaser or ]»urcliasers thereol!, a Li'ood and snllicicMit deeil of 
 convevanee in lee sim])le for the same, or such other con- 
 veviince oi" conveyances (")r transfers .,> shall be sullicient 
 to transfer and convey all the interest of the said Interna- 
 tional Coal and Railway Ct)miiany in the same to the 
 })urcliaser or pui'chasers there!)!', which shall be a bar 
 a<;ainst the said party of the lirst i)art, the said Interna- 
 tional Coal .and Railway Coiii[)any, its successors and ass 
 igns, and all ])ei'sons (daiming under it or them, of all 
 rights, interests or chums of, in, or to the same i)rcmises, 
 rights an'd frrancliiscs or any part thereol! 
 
 The amount of tlie bid or [)urchase money of said sale 
 may be paid and satisfied in whole or in j)art by the out- 
 standing mortgage bonds, or any of them issued hereun- 
 der, and the sari;e shall be taken and H'ceived in whole 
 or in ])art payment and satisfaction by the parties of the 
 second ))ai't, the survivor, survivors or successors of them 
 or of either of them, aci-ording to their value to be ascer- 
 tained and determined by the net amount arising from 
 such sale as compared to the amount of outstanding un- 
 con\'erted bonds issui'd hereunder as aforesaiil. And the 
 [tarties of the second part shall after deducting from the 
 [iroceeils of siudi sale the costs and expenses thereof ap- 
 ply so much of the proceeds as mav be necessarv to the 
 payment of the said principal and inli'rest due and un- 
 paiil on the residue of said outstanding mortgage bonds 
 issued hereunder not used in the jiayment ol said bid as 
 
 \\ 
 
66 
 
 \» 
 
 afni't'Siiid, ;iiii1 should the pi'ococds he ii)Siiflici(Mil, to pay 
 the whole o|' the said oii1staiiiliii,!j' liiort;^agc l)oiids, then 
 applv ihc siiiiic towards paviiiciit thci'coC I'atcahlv ami in 
 (Mpial pi'opoi'tioii, and altci' lull payiiiciit shall he iiiadf ot' 
 the iiriiicipal/aiid interest of the said Wonds, shall pay 
 over the I'eiiiainder of saiil proceeds to flio pai'tv of the 
 first pai't its successor or snccessors or assigns. And the 
 said party oT the lirst part co\enaiits and a^iii'ocs to exe- 
 cute and deli\-ei' ln'i'eal'tei' and IVoni time to time all f'ur- 
 tlu-r rciasonalile and necessar\' con\c\aiices to more cf- 
 I'ectually carry out the intention of thest; ])i-esents, and 
 particularly lor the eon\eyauce ol'all lands, depot-irronnds, 
 rifi'lits ol' way, and other such propei'iy as may l)e hereaf- 
 ter acfpiirt-it ly the i)arty of the lirst i)art. IMiis trust 
 and the security heivhy intended extends to sucdi mort- 
 gage bonds oidy as shall he countersigned hy said Trus- 
 tees, and when all said honds shall he satisfied and dis- 
 charge(h the trust herein created shall cease, and upon 
 the ))ayment of said honds issut'd hereunder jn'incipal 
 and interest, or upon the delivery of the said honds and 
 unpaid coupons to said Trustees lor cancehnent, the es- 
 tate hereby granted to the })arties of the second part shall 
 be void, and the right to the premises herel^y conveyed 
 rhall revert to and revest in the said Company without 
 any acknowh'dgement of satisfaction, re-conveyance, re- 
 entry or other act. and the said 'J'rnstees shall thereupon 
 at the re(pie.-t ol' the parties of the lirst part certifv to the 
 lieuistrar of Deeds of said countv of Cai)e Ureton that 
 said bonds are paid and said mortgage is discharged. It 
 is also agi'ced that the amount of bonds hereunder issued 
 shall not exceed in the aggregate' the sum of one hundred 
 and twent\-li\ (' thousand pounds sterling. And the said 
 International Coal and Uailwav ('omnanv I'urther cove- 
 
 -";wv:t ri^m-r.^-yte^wmm: 
 
 wm 
 
r>f5 
 
 riiints and iiiri-ccs tlinf llic said ])n'mis(s mikI ]»r(»|MM'ty iiiuT 
 cNcrv i»!ii't tlu'i'col' arc not suliject to any niortjiai:*' ,jii(|<;'- 
 
 iMcnt or Miciuiiliranct' wlialsocNcr. 
 
 jkI that 1lii'\- w 
 
 alter tlic t'omplctioii and coninicnct'nu'iit of hiisincss on 
 said railway, iTscrvr annnally from tlic earnings tliorcol' 
 an anionnt wliicli shall coiistitntc a sinlsin;^' Innd whicli 
 shall Itc adequate with aceruiuL'' interest thereon to the 
 extingMiishnieiit of all the l)onds issued hy the said Coui- 
 jiany at or bet'oi-e the time said lionds shall inatiii'e which 
 
 amount so rt'((uire( 
 
 d and 
 
 • I i 
 
 rcsei"\-e(i i(»r sucli sini'Cin!. 
 
 fund 
 
 shall not he used l)y theConipany for any husiness \)nv- 
 l»ose, but shall he in\ested IVom time to tinn> in the pui"- 
 ehiise ol' the honils of the (lompany, or in such securities 
 as the saiil Trustet's, parties hereto of the second i)art 
 may approNc. And t'urtlu'r that the sjud pju'ties ol' the 
 lirst part for themselves their sui-eessors and assiuns. the 
 
 said hereby <i-ranted property and premises and every part 
 thci'cor with tlie ai)purtenances unto the said parties oT 
 
 tl 
 
 le second part their suceessoi's and successor shall ai 
 
 ,1 
 
 hy these presents will forever warrant and defend a,L;ainst 
 the lawful claims of all and cvci'y person or persons 
 whomsoever. Ami it is also mutually aurei'il that the 
 said parties of the second part and tlu'ir suceessoi's in 
 said trust shall only he accountaltlc for not usinji' n-asoii- 
 al)le dili'i'cnce in the management thert'of, and shall not 
 
 he responsi.ile for the ri^ 
 
 tl 
 
 leni or cither ol t lieni. 
 
 of any aiicnt emplo\(M| lyy 
 nd that t'.ie said parties of the 
 
 second part and their successctrs in said trust shall be eii- 
 title(| to I'cccix'e proper coiupcnsation for excrv laboi' or 
 
 service pertoi'UKM 
 
 I bv t 
 
 leiii 111 the discliarLie 
 
 their trust 
 
 in case ihiy shall be eonipelle(| to take possession of said 
 premises ov any part thereof as hereinbelbre meiitioiied. 
 
57 
 
 Ami tlmt iieitluM- of the said Trustees shall in any man- 
 ner be liable oi* res[)()iisibl(! lor any act or acts of his co- 
 trustees to which he <lo(>s not assent. And in ease of* the 
 death, mental in(!;i[iacity or resignation of said parties of 
 the second part, or in ease r)f u vacancy in said trust from 
 any cause, it shall be competent for the surviving Trustee 
 and said Company within sixty days to agree upon and 
 ai)i)oint another person to lill the vacancy so made, and 
 in ease of any disagreement or failure to make such ap- 
 pointment, theti it shall be competent for the Chief Justice 
 of Nova Scotia for the time being to ap})oint some person 
 to lill such vacanev and act as such co-trustee. And in 
 either case whether the ajipointment is made by the joint 
 action of the two j)arties or by the separate action of the 
 Chief Justice as above mentioned, the a})pointment shall 
 be endorsed and made upon the mortgage and recorded 
 in tlie Registry of the county of Cape Breton, and there- 
 upon, and ujion its being notified to the Company, if 
 made by the said Chief Justice, and upon the written 
 acceptance of the trust by the newly a})pointe(l Trustee, 
 he shall be vested with all the powers and clothed with 
 all the duties of Trustee as if he had l)een named in this 
 instrument as Trustee. And until such ajipointment 
 shall be made all the powers and duties of the Trustees 
 may be executed and discharged and all the rights of the 
 Trustees held and enjoyed by the surviving Trustee as 
 fully as if he had alone been named in and had assented 
 to and had executed this instrument. 
 
 In testimony whereof, the said International Coal and 
 Railwav Company has, by order of its Board of Directors, 
 
 lit*. 
 
 liereto allixed its corporate seal and signed the same by 
 its Pi'esident and Secretary, and the said Trustees have 
 
 , -'Wft-*' >«*iWWiW-t:'aiil!^,. 
 
58 
 
 liercto set their IkiimIs uikI houIh the diiy :iiul yfur first 
 above written. 
 
 Thi' /iihniatioual Coal and /iuiUrai/ Co., hi/ 
 
 A. c. MoirroN, 
 
 • Pn'sideiit. 
 
 ALFUKl) MACKAY, 
 
 Secretary. 
 
 iSeal of the: 
 : Company. ". 
 
 ed i 
 
 Signed, sealed and delivered 
 
 in presence of 
 
 N. S. Mackay, 
 
 James P. Waud. 
 
 L. G. POWKKS, ) 
 
 J. S. Fairbanks. f 
 
 James P. Ward, 
 W. Purvis. 
 
 S. L. Shannon, {Sad]. 
 I T. D. Archibald, [Seal]. 
 
 Office of the Registry of Deeds, 
 Sydney Co., of Cape Breton, 
 
 10^// ofJiiue, 1867. 
 I hereby eertily that at ten o'clock, forenoon this day, 
 a mortgage in trust, from the International Coal and Rail- 
 way Cmnpany to the Ilonorahles S. L. Shannon and T. 
 D. Archibald, ol' all their lands on Sydney Harbor and at 
 Bridgci.ort, and of their four Mining Leases at the last 
 named place, \v;is entered on record pursuant to law. 
 
 And T hereby further certify that the several proi)erties 
 therein speciiied are free and unencumbered, as appeai » 
 
 by the records of this office. 
 
 JAMKS P. WARD, 
 
 Rcf/i.sfrar of J)>'f'ds. 
 County of Cape Breton. 
 
59 
 
 [E.J 
 
 WK, the IloiionibU' Kdmi'xi) M. Dodi), .Iii(l«rf of tlie 
 Supn'iiu' Cidirt, the IIi)iii)r;il)I(> .loiiN lioriUXoT, Setuitor 
 of till' Doiiiiiiioii of Ciiiiiulii Mild Consul for Ki-iiiu'c, .James 
 P. VVai{|), Ks(|iiii('. Kstatt' Aui nt uiid Land Broker, and 
 Donald N. Ma<' (.^rKKX, Ks(iuire, Harristcr and Notary 
 Public, have resided hero I'or iiioro tliaii thirty years, and 
 John Blackie. Esipiire, C^ivil and >[ining p]ii<:;ineer, who 
 has resided here during the hist past five years. 
 
 We know the Inteknational Coal and Railway 
 Company, a Corpoation lately organized under the laws 
 of Nova Seotia, and have no hesitation in saying that it 
 is a highly iiitliiential Company, comjirising some of the 
 most respeetahle and most influential ci:i/ens of New 
 York, as well as of this country. 
 
 We are well accpiainted with the property of said Com- 
 pany, all situated in this hcighborhood, and have no 
 dilfieulty in certifving that we consider it the most valu- 
 able pro})erty of the kind in these Provinces, with the 
 exception of that held by the (ieneral Mining Associa- 
 tion of London. It embraces four s(|uare miles of coal 
 area, containing^ to the calculations of Professor Lesley, 
 and other eminent scientific men, upwards of sixt3'-(ive 
 millions tons of coal of unsur))assed excellence. It also 
 cnd)races nearly four sc^uare miles of farm and timber 
 lands. A railroad from the coal lield. for the outlet of 
 the coal to Sydney Harbor — one of the best sliip{)ing 
 })laces in rsorfli America — a distance of about twelve 
 miles, would make the said property (d' immense value, 
 and would be the means of building ii[) an unlimited coal 
 business with South America, West Indies, Cuba. United 
 States, and especially with the Confederated Provinces of 
 
 !.l *- ? l .8g. 
 
 ■^iiji»Ay«5K 
 
>?»**«!**»•'= 
 
 ; .w-^-yijWMiW' ift/fj^jf /^ 
 
 60 
 
 Britisli Anieriea now luipinly formed into one Dominion, 
 in all of which the article is so much needed anu so much 
 
 prized. 
 
 We have uo interest whatever in the Company or in 
 its property, and therefore have less hesitation in -iving 
 this exi)res&ion of our opinion. We j,dve it in good faith, 
 believing what we have stated to be tlie trutii. 
 
 Given at Sydney, Cape Bret- .n, this fourteenth day 
 of June, in the year of our Lord, one thousand 
 eijjit hundred and sixty-seven. 
 
 EDMUND M. DODD, 
 
 Jiuhje of the Supreme Court of the Province of 
 Nova Scotia. 
 
 J. BOUEINOT, 
 
 Senator. 
 
 JAMES P. WAKD, 
 
 Tnfiirance Broker and Real EstaU- A'/ent. 
 
 D. N. MAC QUEEN, 
 
 Barrister at Law and Notary Public. 
 
 JC^HN BLACKIE, 
 
 Civil a)id Mining Engineer. 
 
61 / 
 
 [E.] 
 
 We, .loliii I>iii('kie and Hugh li. MacKenzie, civil find 
 mining engineers -.ire well ii('(|uaintud with the coal lields 
 of Cape ]iret()n. ami espeeially with the property of the 
 International Coal and liailway C()n![)any, having had oc- 
 casion from time to time to examine it minutelv. 
 
 The Coal Areas of the al'oresaid Company emi)race four 
 squai'e miles, it has Ween ascertained already by actual 
 snrvi'v, that tlu-se areas e<nitain (!"). 11 [((S.'jO of tons of very 
 superior coal of dirt'ercnt kinds, suited foi' gas. steam, forge 
 and domestic pur[)oses. ()utsi;^le and underlying the 
 ahove areas, other seams have lately been discovered, 
 which will greatly increase the (puintity. 
 
 The tarm and timber lands owned by the Company 
 contain four S(inar<; nnles nearly, besides the liailway lo- 
 cation from Jiridge})ort to Sydney, a distaucie of 12 miles, 
 with valuable harbor lands and water frontage at Sydney, 
 amounting to more than 2<H) acres, and adapted for ex- 
 tensfow wharves, docks and piers for an annual shipment 
 of (Uie ov two millions of tons of coals an.l other 
 operations. 
 
 The value of tho.--,e properties, j\ulging by the ordinary 
 rules of computation we consider innncnse. In this coun- 
 trv, and w^e believe iuseicrju other couritries the ordinary 
 value of coal in the mine Is calculated at 25 cents per 
 ton, thus when any one takes a subdease of a coal urea 
 he usually stipulates to pay 25 c(Mits for every ton he 
 raises, Ixjsides paying all tlu^ expense of every kind at- 
 tending the woi'k. Now lo apply this rule in the jiresent 
 ca.se, the value of the coal already aseertained. will amount 
 to $lH,277,i*lo, or to be within the mark, and to meet the 
 views of the mo.st moderate, su})po.se it to be worth 20 
 
 »*i**tfmmx: 
 
62 
 
 cents per ton only, instead of 25 cents; in that c;ise, the 
 value will amount to $13,022,330. 
 
 The value of the huid, of the h; rbov, of the road when 
 completed, and all the ]mvileoTs conneeted therewith, 
 must rise in j)r()portioii to tlie work done, and must be 
 veiy considerable. In ordiiuirv eases, hind in tiie neigh- 
 borhood of mines and otlier ini'.^lic works, is usually very 
 high, sometimes lun-e as high as from $-400 to $6<»0 per 
 acre. Of the harbor, railway, rolling stock and other 
 plant we need not s])eak, but under all the circumstances 
 knowing the amount of business likely to be done, we 
 cannot value them including the land, at less than 
 ?;2,000,000 which added to the above sum of $13,022,330 
 (the lowest value in the mine) makes $15,022,330, l)eing 
 upwards of £3,000,000 sterling, which we do not consider 
 at all extravtigant, but in reality considerably within the 
 mark. Guided in our calculations by the ordinary price 
 of labor in the country and other ordinary outlays, we 
 behevc i iiat when tt " 1 irbor and railway are completed, 
 n-.ul the works are in vigorous operation, coal I'rom the 
 above areas cnn l)e shipped at Sydney lor about $1.2;) 
 per ton. ini-ludiug all cxitensi's. We I'urtlier believe that 
 considering the superior <niality of the coal and its adap- 
 tation to the various pnrpos(N for wliieli eoal is now used, 
 the demand for the article in this Hemisphere will be im- 
 mense. We also believe that und(M' ordinary circum- 
 stances, a prolit of at least $1.20 \K'\' ton will be realized. 
 We have only to add that we have no interest whatever 
 in the (!ompiiny. or in its prop<'rt\. Rut being asked to 
 give a bona I' 'e exi»ression of our opinion from ])ersonal 
 knowledge of the locality, its resources and value; we 
 have done so, without any bias or exaj'-geratiou. to th(; 
 
 I , I 
 
 1 
 
 0^ 
 
es 
 
 ! ■ i 
 
 best of our jiulgmeut, for the information of all wlioin it 
 niav concern. 
 
 Given at Sydney, Cape Breton, this seventeenth day 
 of June, one thousand eight hundred and sixty- 
 se\en. by 
 
 JOHN BLACKIE, 
 H. K MACKENZIE. 
 
 ■1 
 
 Referring- to our statement of tliis date relative to the 
 property of the International Coal :ind Kailway Company, 
 we beg to add, in the way of explanation, in order to pre- 
 vent misapprehension, that an outlay of al)out one liun- 
 drcd and twenty-live thousand pounds (£125.000) sterling 
 must lie mavle to complete the railway, harbor, and other 
 extensive improvements co-xx-ted with the w^ork, wdiich 
 bein"' done, the prosperity ai.-l success of the enterprise 
 will be finally established. AVt> further beg to add that 
 our estimate of the value of the property is based on the 
 following :ii;d otluT gn-unds, vi/ : l>t. The ordinary price 
 at which such articles are sold. 2d. Tiie immense (pian- 
 titv of coal already ascei'tained to lie in the a'eas of this 
 company. Hd. The superior character of the coal: and the 
 necessitv and increasing demand for the article in the 
 IJiiited States, 111 the Dominion of ('anada, in Newfound- 
 land, in Cuba, in the W A Indies, in St)uth America, 
 and other countries of this sitle of the Atlantic, and 4th. 
 The lumual increase in the consumption of coal in these 
 countries is about twenty [km- cent., and under all the cir- 
 eumstauccs we have reason to believe that the said eom- 
 
 fpp 
 
 . »»...'W.J.<«»!«l**'-»'' 
 
64 
 
 pany can supply the article from their areas cheaper and 
 better than any other company now existing here^ij^ 
 
 Given at Sydney, Cape Breton, this seventeenth day of 
 June, one thousand eight hundred and sixty-seven, by 
 
 JOHN BLACKIE. 
 H. R MACKENZIE. 
 
 .^iifK 
 
msmmmmm 
 
 ^ 
 
 The following- letters, from John 11. Adam, Esq., 
 President of the New Yoi-k Gus Light Comi)iiny, and 
 General Charles Koome, President of the Manhattan Gas 
 Light Comininy, New York, will show the value placed 
 upon the coal of the International Coal and Railway Com- 
 pany, by these Com})anies, which are the largest con- 
 sumers of coal foi- this purpose in the United States. 
 
 Office of the New York Gas Light Co., 
 New York, August IDtb, i»6-i. 
 
 Gen. Wm. K. Strong, 
 
 President: 
 
 I am pleased to be able to say that 
 we have used several hundred tons of your coal this sea- 
 son, and that the quality is in every respect satisfactory. 
 For Gas making purposes it is superior to most of the 
 Coal offered in this market, and is equal to the best im- 
 ported from Cape Breton. Its comparative freedom from 
 sidpimr makes it n very desirable coal for use by parties 
 who are obliged to piu-ily with stone lime. 
 Respectfully yours, 
 
 JOHN U. ADxVM, 
 
 President 
 
 \i 
 
 Office of the "Manhattan Gas Light" Co. 
 New York, duly iBth, 18H7. 
 
 A. C. Morton, Esq., 
 
 President lidrruatiuual Coal and Railway Co. : 
 
 Dear Sir. 
 
 Having carbonized several tliousand tons of your Coal 
 both last season and this, we can bear testhnony to its 
 
(16 
 
 i 
 
 excellent quality. It produces more Gas than the coals 
 from Newcastle, and the gas is of higher illuminating 
 power. The Coke too is excellent, and makes a good tire 
 with but little clinker. 
 
 I am dear sir, yours very truly, 
 
 CHARLES ROOME, 
 President ''Manhattan Gas Light " Co. 
 
 ^ 
 
:wn!f^»->i'-