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(l^4)t
^
RAILWAY IN CANADA WEST,
shewn to
FROM THE TOWN OF WOODSTOCK TO LAKE ERIE;
The Act for it being granted for ever, on the 22nd of July, 1847, and approved of by the Queen on the ISth of April, 1848;
return a Profit of Thnty per Cent, upon the Capital invested. {See the Statement on the second and third Paget. )
„n ti3*"v/,t' f,<=°'-P'J''«te' a. Company to transport from AVestem Canada, Plank Timber. Passengers, Goods and Merchandise, from Woodstock
nrL^HnL >!!«. '■'^n- "^""^c^' ^'r^'r''' ^J"'" York. &c. on the South side ; the Charter being granted with liberty to construct one
or more Harbours, with Steam Boats. Ships. &c. &c. and to receive the Port Dues.
CAPITAL ^250,000., ""
To be held m .50.000 Shares, of £.5. Sterling each ; three-fourths to be subscribed in England, the remainder in Canada ; which last is all subscribed,
and deposit of one per cent, per Share paid. An Instalment of 5s. per Share required when taken.
CommJttfe in Canalm WSHtit.
n"'i'^MS»;^^\P^'"'^V 'i- "• ?',!'.' ^'«^- ■'• ^- Chairraan an,! Prcident.
D. S. M'QUEEN, Esq. JiidRe of District Court, Chairman of Quarter Sea
«ion« of Brock District, Woodstock tlie Capital.
.lAMES CARRALf,. Esq. Sbflriff, Brock District.
JOHN S. VAN.SITTART, Eaq. J. P., Src. &o. fcc.
GEORGE ALEXANDER, Esq., J. p.
Eoiitian Committee.
The Shareholders (by the Charter) not to be responsible for any sum beyond the original cost of the share or shares taken, and to be Dossessr.,!
of as mf ny votes as shares. Jt will require a Shareholder to take 1 00 shares to be appointed a Director. '^
Directors to be chosen by a majority of voices, by proxy as well as by personal votes
Am!!;Tnf"p^''"f'*'!'' °' 'k ^"^'""'^ ?u"°^ ''r "• "'"'^ ''"'^ Company's debts (arrest for debt being abolished in Canada).
Amount of Capital may be increased hy application to the Provincial Parliatnent
for itIcon'"str°uctbn.°^ '^' ^"'""'"^ """'' *"'°"^' '° ''"'*'' '"'^'^''*"'"'- ^^o have granted ityVe* oj co,t to the Company ; together with the ti^iber
It R»ill°Jl'!n Ir Mi'lfs, amounting to 147, and 27 Flour Millers, pledge themselves to proceed bv the Railway to the Company's harbours.
receiS'^5 pe^S.^^HJ 'L'lZlZ'ZZ^Z'.tlo:^^^^^^^^ "^ ''' ^^^^ '"''^^'^ ^^'^ "^ ''"^"^ '-P^^^-^- ^"^ «^-''-"'- -'"
140 WalonJ'Tnlni'rt^^'n^nH" f 7f °^ T^^T"^ of 40 miles, together with the expense of the Harbour, two Steam Boats and ' - :>hooners, with
140 ^«f "»■ t° h°'d 5 000 feet of Sawn Timber each 9 Locomotives. Passenger Cars, &c. &c., will cost but little more than £3. - ,hare.
reouifri^on thP Anf.ri^i H J'" '' '',^°"'"' °"- *'', ""' °^ ""= P'"^"''^ ■^""^"y *'^°'" Woodstock to Lake Eiie, while 500 daily increasing towns
and Oak i»nl W wh nh? ■ " h"""" ^T7' " '/T""''- '"'"""S to the Company an immense traffic, so long as the 1 50,000 acres of the Fine
The rlmitt. tvif °'^ """Tr' f ' ^"' '° ^ "' ' *° ^^^ '°""' °f Woodstock, on the Grand rivcr.and to the north on Lake Huron
.ho J? Committee, having expended a large sum for information, the Survey, the passing of the Charter. &c. &c. &c.. require 1 per cent ner
rSSnted fo^'^TZv alfr"'"-^ *' T'^' T"'* T"^ ""'" '=°"''"Sent expenses' Tlus is to 'be paid upon the shares be' ng taken, bu't wUl be TC
counted for. They also conscientiously declare there is no such good investment for capital elsewhere in 'le world.
«.« li^r^f-rSTaTYol^rhun^r:;. t't!'^.:^Z '^ZVll^'^t fhT^^^w^yfr^o, 1^ X'T^^ 'H^ "r^ "' " "?"• "' ^ir r "S"'/"" "J '"""'"' »"'• ■"""" 0"
included, to he al! of oak. Tlie ties, or cross ba s, riotched every hree feei' a C [ , ml?„ Thi. '" TZ?u'n ™" "P, '""" ^ 'iSL'J' "^ f,' *' £"■ » •"""• '"y'"" ''''»"'
£.100. a mile, as tlie line is generally quite flat The iron tTm win hliMnn •, .^ i?" ^J"? " ""''' *' '"• " ml'".— S";' £200. a mile. The RradlnR will ta only
quite suflicient for the expenditureythe Woodstock Railway. ^ * '"""• ^'"""^'"S. Culverts ami Bridges, £370. Total, say JEI ,201). currency a^nile will bi-
Ti. n .. r-.,.. R KM ARKS,
is soTea'sibleTheTr^lsnemrt^r.'',''^ '""h """"'"'""I ^°' the welfare of Western Canada arc able to shew, by letters and surveys, that their plan
anrsuTnrt ThPirnhiP^M f ^^^ the whole of their data so secure and satisfactory, as ^^ ill at once comr^and attention
(of S the flourishit cani ^l '„"f Wnn .'^' carrying trade of the sawn timber, flour, &c. of the extensive District of Brock and others sou hoN
Be Creek or at thfoui C> pI L on h fh r'' *''" T'"^^ 1° " ^'"'^°'"' ^"^ ^ constructed) on the North side of Lake Erie, either at or nea
w 11 brconveyed across the La^^ t' "^-"'r^ '''' '"™'"'^ ^^ ''"=*= ^'""^ '" '^"^ ^""»' *«P«i»"y *» «««" timber
UfuUy aJ^^iateTwattahelt^lIol^^fu^^^^ Cleveland, New ^ork, and a countless number of other towns in the American States, whkh i
thfaluXneTrfy^lf thf ;e"%:und (fee' Mr 'Ne^avesM^Jo^T below)'^""'""' '""" '"' " '"' "' '"'^' »"""'' '^"'* *^°" P^^^"^" "^ ^^^"^ ''-""^
their TiiS^o^^Frr To the°Am:ri^rn Ifde'of it' °" *'^ ''^"■"""" ^"'^' "°' ""^^ *^*" ^^^ "•• '' °' '^' ^"'^ -" ^''^ -"' "" "- '-^Por*
Hnii J''^ tZ'fT "^i," ''^ squally benefited by an increased commercial intercourse, as instead of their paying, as is now done 14 16 and 18
atw ^7 t'a^d l7TolUrs't"ol''f^ I'tl' 'a"" '''''" P'""'. """"• ',' '=^" '' ^"PP"^'' *° '»''''"• f'"- ^L ch'apZ ofTs'conV ya e bv
Sua&i^h equ'arp'rofit ?o°'S Mm ersThl^leWel'/s ^0"^^^ it"' """^ '* '' '""' ^ '"""" "' ^"^ ""'"P""^'' ''"'•'°"'- "^ ''«"'^'- ^ '"f"'-
,Pn^ TrL'^Wnnf^''^*';" "•"'"» 1'^°''' '■s.'='""|"S"'l a cheap Railway at fint. like the better sort of those adopted in America. A de itation was
':^^^:rszT^^:s\=f:t^\^^,^ ^^r^^ l^ •« -"-'—• -•>'«='> -^ -- ^■^"o- curre„rrmr
mi,e:i^n^r :;b=-ier^ l^l^l^^tK i S.:^-^ S^- ^SS - seS^Sr ^^ ^^ ^""^ ™- "
work i^^?he'm^n^rf*^[,g"u'strrt•;^r;;'l,?r.'»3i'5 dr^'t!,r^;:r'?;^^Siryieor ^IJ^y'e's""' ""'"^ ''"'' "'«"^'"' «"" '» '^""-- ■""• - »-^ -•"^"O ""•">"
••'''''''^^^SS'?-^rT^""~ .hat 30 more would he esta-
With th^e^fmi^f oT^'re'^'oVre-o&rB^^^^^^^^^^^^^ ^'^ooo :^t%:^^±^' ^^ "'""•'■'^" ""- '"""« '"-- '" the District.
letter iS."'"" ''""' '" *"" ^'^'"' "« "■=^'-''- ^''^ '^ '""y »-obo,ated by Assistan.^l^.'.'^^lie"': m" Wm*! M.Mu^a";s*'.tatement, working in America. See also hi,
DEBTOR.
Estimate of the Woodstock (called Oxford in the Maps) and Lake Erie Railway, Canada West,
(without noticing any of those 30 Mills intended to be erected when the Railway is commenced, or
the 6 Steam Mills), there now being in operation 147 Saw Mills in the District near the line of
Railway.
CURHENCT.
To making 40 miles of a cheap but a substantial Railway, to a Harbour at or near the mouth of Big
Creek on Lake Erie. The amount (£103,107.) from the cheapness of all the Timber and Land
which is offered gratuitously, includes not only the Railway, but the 9 Locomotives, 140 Wagons,
6 Passenger Cars, Iron, Oil, Smiths' Shops, «S'c. and every a.ticle required for such a Railway,
costing £2,577. 13s. Gd. currency a mile, or £103,107
Cost of constructing a good Port at Lake Erie. The Harbour r\t Port Dover, which is but a small and
indifferent one, costing th? Canadian Government £8,000. The Committee recommend the
Company to construct one more than double its dimensions, which the amount now debited will
insure, and afford a very superior accommodation for their Vessels 20,000
Price of 16 large Schooners, of from 250 to 300 tons burden, such Craft being fouad very superior to
all others for the Lake Timber Trade, at a charge of £1,500. each, to be built where the Oak and
Pine Timber is so cheap, of a superior class 24,000
Price of two Light Steam Packets, one to proceed to, and return from Buffalo daily, the other to and
from Cleveland, to carry only Passengers and Merchandise across Lake Erie, for 8 summer
months, costing £12,000. each, or 24,000
Total Capital required for a direct Railway to the Port, from Wr-^dstock £171,107
Amount of the Yearly Expenses to be deducted from the Profits of the Woodstock and Lake Erie Railway : —
Yearly Repairing and Running a Railway 40 miles, including all expenses 10, 1 00
Yearly Repairing the Port constructed by the Company 400
Charges on each Steam Boat a year, costing £12,000. each : —
Sinking Fund £900
Wear and Tear 300
Wood Fuel, for Engine 500
Captain, Crew and Provisions 1 ,100
2^0~~0'~0
Multiplied by Steamers 2
5,600
Yearly Charges on each Schooner : —
Sinking Fund on each Schooner £150
Wear and Tear 50
Expenses of Captain, Crew and Provisions . . 240 /
"440~~o""o
Multiplied by Schooners 16
7,040
Total Yearly Expenditure £23,140
N. B. If only a sinp:Ie Railway and one Port be at first constructed, only £Z. of the Capital will be called, as Currency
is less than Sterling Money by one-ninth, independently of 10 pCi cent, premium given on Bills drawn on England,
which would leave ^£24,000. overplus, to the Company's credit.
The Second Estimate, including the side Railway to Port Burwell, the two Steam Boats, 20 Schooners, and the
second Port, will clear 30 per cent, per share a year ; the Prospectus of which may be obtained or seen at the Office ;
and there will be £43,000. over.
~0~0
CREDITOR.
Estimate of Credit on the Woodstock and Lake Erie Railway, computing only 1 47 Saw Mills on the
line of road, and 27 Flour Mills, without including the 6 Steam Mills, or the 30 Mills to be
erected when the Raihvay begins.
—-—-—-—-————-—-—-'•———-—— CURRENCY.
Tliese Mills, except four, will cut 6,000 feet of Plank Timber a day, but let 1 ,500 feet of this Plank Timber
(or only one quarter of it) be transported to the Harbour by the Railway ; and as the Saw Millers ,
work 340 days in the year, if not more (according to Mr. Neave's rpport), here will be 1500 feet
of sawn timber, multiplied by 147 Mills, 340 days, at 78. 6d. a 1,000 feet for the carri a to the
Port— say 75,000,000 feet £28,125
50,000 cubic feet of squared Uak Timber, at 15». per 100 feet 1 ,500
40,000 Barrels of Flour, to be taken to the Port from 20 Flour Mills, at 9d. piir barrel 1,500
250,000 Staves, at £2. per 1,000 500
20,000 Shingle Bolts, at 6d. each, for the making of Shingle Tiles 500
Provisions exported, costinj^ for its carriage to the Port on Lake Erie 500
30,000 Barrels of Salt, carried from the Port inland, costing 1b. per barrel 1,500
1 ,000 Tons of Iron, from and to the Port, at ISs. per ton 750
Transport of Coals from the Port to the interior of Canada, for Forges, imported from American States .'500
Do. of Merchandise from the Port to the interior of Canada by land, from England and American States 2,000
Conveyance of 25 Passengers each way per day, or 50 for 200 days in the year, equal to 10,000,
at 78. 6d. each ' '. 3,750
41,12'5"T~0
Transport of 75,000,000 feet of Cut Plank Timber across the Lake Erie to Buffalo and
Cleveland, at 7s. 6d. a 1,000 feet £28,125
Do. Merchandise, Salt, Coal, &c. &c. from the Americans, imported by Steam Boats. . 8,000
Transport of Passengers to and from the American States from and to the Company's ,'
Port, across Lake Erie, at 128. 6d. per head 3,150
Port Dues, for £20,000. capital invested lu building it, at 5 per cent. This must
greatly increase , 1 ,000
38,275
79.390
Deduct the Annual Expenses, as on the Debtor side 23,140
56,250
Deduct foi 15 Saw Mills near the Port 2,53i
£53,719
These sums give a profit of above 30 per cent., for only one quarter of the Timber sold. This is a much greater
amount of interest than has ever yet been offered to the British Public, as a permanent provision for the capital to be
advanced, and which must eventually be more than doul)led.
The above Estimate does not include the 6 Steam Mills for cutting plank now in operation, neither the Smelting
Mills, of which there are two or three, nor Tanneries, Fulling Mills, and Cloth Factories, .with the working Mines in
Raw Terra de Sienna, Burnt Sienna, and a very fine Mineral Brown, supposed to be Estile de Grain; neither does it
include the great quantity of Black Walnut Plank sold both in Canada and American States, for the making of furni-
ture, equal to Rosewood, especially when speckled or striped ; nor speckled and striped Maple, nor the striped Cherry
Tree; a great export of all which yearly occurs, as well as in the inland trade tnrough the Canadas, and only to
be obtained in any quantity in the Brock District, and the southern townships of Walsingham, Houghton, and Bayham ;
and the 4,500 feet of Pine plank left extra at the Mills, although they may not be takej^ by the Company to either of the
Ports, yet as the roads are in general very bad, they will be taken to the towns which n'^w exist or will arise on or near
the route, in preference, and thus greatly swell the profits to those above-stated, which, in every probability, will
amount to ireble this Estimate in less than five years after the Railway is in operation. And should there be a
war, which is not probable, the interior traffic for the supply of timber to the numerous towns which now exist, or that
will arise, both on the Woodstock and Lake Erie Railway, and that on the Great Western, will even then pay 15 or 20
per cent, profit, as the Pine and Oak Timber is nowhere else to be obtained at approachable distances, but to the south-
ward and north of Woodstock." h\ fact the whole world may be challenged to shew equal traffic, or even the half of it,
in so short a line, or to wiuiant such profits for invested Capital.
N.B. Take away every adventitious article (and we can send the flour and pork down the St. Lawrence as cheap
as can the Americans down the Erie Canal), and give only the profits on one quarter of the Plank Timber alone cut
trj iiic uaw' iTiitia, iiic piuiiis ur: tiic ivaih.Tajr aic autjrc iu pci vein.
(J. Bradley, Printer, 78, Great Titchneld street, St. Marylebone, toiidon.