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Tous les autres exemplaires originaux sont filmte en commengant par la premiere page qui comporte une empreinte d'impression ou d'illustration et en terminant par la dernidre page qui comporte une telle empreinte. Un des symboles suivants apparaftra sur la dernidre image de cheque microfiche, selon le cas: le symbole —^ signifie "A SUIVRE". le symbols V signifie "FIN". Les cartes, planches, tableaux, etc., peuvent Atre filmte d des taux de rMuction diffArents. Lorsque le document est trop grand pour Atre reproduit en un seul cllch6, il est film* A partir de Tangle supArieur gauche, de gauche k droite. et de haut en bas, en prenant le nombre d'images nicessaire. Les diagrammes suivants iliustrent la m^thode. 1 2 3 1 2 3 4 5 6 V'. • try ^^ ^OVA SCOT/4 PROVINCE HOUSE i% - n ■'«-■:' 11 Statement, &c. International Coiil iinir |lailtoiig Compiinn. ov NOVA SCOTIA. J . £: i :^ .<if5!a*p?si- '" 'tf 1^? i If i\)s (. i-> . "i ^ J r "L, .'lONAL ig ^tftttpatig, 5C0TIA. TE1>, 1H04:. I 000 DOLLARS 3, $30 EACH. r / , (^^, President. ^ EN, Vice-President. ', Treasurer. AY, Secretary. *^ Gen. JOHN A. DIX. )^WILSON G. HUNT, ^^PETER C. VAN SCHAICK, Rev. HUGH McLEOD, D.D. MILLER, \ RK ; AND JOr- PRINTER, , STREET. ( \ ) / I .i <^ i YCO. I ^1 mtmt^^'"^^ THK INTERNATIONAL ^ul and fiailwag (f^awpng, OF NOVA SCOTIA. ! I 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. b"' i ■ <»^>» » NEW YORK ; HENRY TOMPKINS, BOOK AND JOF PRINTER, No. 60 WILLIAM STREET. 1867. ~ •'" :>i Tic tmmm <wt I l> ■■ ■ l.^.^ i A- THE I IP' INTERNATIONAL COAL 4 RAILWAY CO. r.\l>K IIHRTCW. <9 C E ,1 JS M»M wmmi^^w ^ \ \ ^sMvm. 'V 1 1 !•: |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. ^mm^m^^m^:xmm^ 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 ■> ff 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'-