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'Gentlbmek, Even a Canadian may, perhaps, be pardoned for assuraiug the liberty of addressing hia brethren, though tbree thousand miles Eastward, beyond the great waters" that separates us. Separated, though we are by Ispace, it is the more pleasing to reflect, that we are closely bound by the jstrong ties of congenial hearts, by old cherished associations, and by in- keparably connected interests. The writer is a Canadian by birth, yet a JBriton in all that pertains to Britain, as most Canadians are; I am a brother jStock-holder in the " Great Western Railway of Canada," about which I am [about to address you. So far, then, a« this is concerned, my interests are your interests, and your interests, my interests., I have used the singular pronoun h'l," as if it were but my interest alone, I sought to promote or rather protect out I might as well say at the onset, that the sentiments I express are but the reflections of hundreds of the best informed, most cautious and prudent Canadian stock-holders. Gentlemen, we ask you to come forward manfully and protect your own interests, and while you are performing that duty, remember you are confer- ring a double blessing by assisting us to protect ours. We address you as practical men. We are well acquainted with the resources of the western por- Ition of the continent of America, and particularly with that portion of it, Ivrhich the interest of the Great Western Railway necessitates us to speak. jWeareno wild theorists; nor is It a vain emulation that induces us to lay our l<»mplHint8— our mutual complaints humbly at your feet. We have been jraised on the soene of action. We have traveled over the Hills and Plains [whose products are to support the undertaking in whichwe are all so deeply i interested. Wq have none of the powerful weapons (Momy) which may be applied Ito accomplish the designs of the selfishly interested. But we come honourably j3>efore the thinking,considerate, and interested parties, and should no relief be Igranted, we shall sell out our stock, as hundreds of others will do, to the hiiyheHt ►bitJder, and retire with contempt from any participation in an undertaking, *u. •___-.- -if_t.!i , ivfl jBseLstrenwsusJYMyjrhJ; to wiomgte^ iJ^cr 2 18 the reckless construction of Brunches. Tlicre are otlior considerations con- nected with these branches which, to consider, would increase this paper to too great a length for an ordinary newspaper article. We shall first notice the branches— their importance—their prospects— their mode of construction, and its justness. The fir?t Branch completed is the "Gait and Preston Railway," a distance of some fifteen miles ; this is intended simply to accommodate and develope the resouices of this locality, as its northern terminus is at a small villan;e of, eay 1000 inhabitants, with no prospect of its ever doing a through traffic, conse- quently its business must be confined to a small area of e»ttntry,and destitute of any traffic more than that furnished by a small rural district ; never! 'leless the Canadian directors were induced to avail themselves of this opportunity to ex- pend the funds of the stockholders of the Great Western in its construction. From the intersection of this Branch with the main line, to Brantford, a dis- tance of some Ten Miles is an other Branch; this is to be a very expensive li le, as its route is crossed by ravines and hills, and when completed will be no ad- vantage to the Great Western, but a very important disadvantage; because, 1st. All passengers who would travel over the Great Western from Brantford to Hamilton, do so now by taking the G. W. cars at Pans. 2nd— AH Freight destined for the same point could, (as is now the case,) be loaded on the Buffalo and Brantford Cars at Brantford, thence via Paris to Hamilton, on the Great Western Railway, the roads being the same guage, and the distance we would carry either passengers or freight would be about equal, after we had spent several Hundred Thousand Pounds in its construction as a competing line with the Buffalo, Brantford aiid Goderich Railway, besides keeping the roaii in repair, with all the attendant expenses, Stations and Officers, i^very couaidet. ration shows it to be to our disadvantage, to expend one penny in such an undertaking; — the advantage would be to the Town of Brantford; — then why not aHow that Municipality, which is to be benefitted, p.,y for its consiru jn ? Are we supposed to be under any obligations to build a railway to every man's door who may flatter himself he has claims on our sympathy ? are we to allow some of out extravagant Canadian directors to construct railwaj's to every hamlet and village because they possess a flattering official ? nay, verily ! but so long as .we are represented by supercilious, ambitious and gr-^sping directors, so long we may expect to pay dearly for their incapacity. Further West is tile "Woodstock and Lake Erie Railway." Every disin- terested person can only look upon this as a gigantic swindle, should it be pro- ceeded with on account for the Great Western. Ail who know anything about the travel and commerce of this Western peninsula of Canada, know thr.t it is esclusively East and West : whence, then the necessity of constructinj-, a rail- way, here at a cost of nearly $4,000,000, where there is not the remotest prospect; of.it paying anything? Again, we would ask, wh^'ie is the prudent man to be found who will say that this, completed, would be any advantage to the Great Western Railway ? We answer in the negative, because we know. We are acquainted whh every rod of country through which these branches run. W6 knfow the tendency of trade and commerce, and we know, consequently, they rnust be failures. Next westward is the " Sarnia Branch," running a distance of nearly sixty roiles, which will cost between two and three millions of dollars. This, a3 its r.ame indicates, connects Sarnia with the main track, a village of some one, thousand inhabitants. Many of the Stockholders here v ore sanguine that, this.branch had been wisely abandoned to the " Grand Trunk," when opera- tions ceased in 1853; but to the mortification and disapprobation of a large por- tion of the Canadian Stockholders, they learn that active operations are to be resumed in 1856. Its most sanguine friends say they are aware it will not pay;; yet, with tnis fact Defore theiii, uiid having the inleieBl of iiie Sioekhoiueis iOi protect,they deliberately proceed to expend three millions of dollars of the Stock- Holders' tnooey, not with the expeptatipn that it will beJadjci D.__..1.U» sf^/ • This branch runs through n country ahnost entirely new, and to points of vor J Jittle importance,— a cuu.Ury which will do liula towards fitr'nishin" travel ancfl traliic from which to estimate dividends. Detroit is the centre of th°e commercd ot Michigan, Irom which railways and other roads are radiatinjj in almost alfl directions ; and it is as necessarily the emporium of the irade of that State l3 would be vam enough, therefore, to calculate larrjely on much traffic from that! source, in which case we should have to rely confidently on the resources ofl the village ot one thousand inhibitants, antl the rural country through which it I runs, for support sutiicient to make a road sixty miles in length pay°a dividend when twenty miles of that branch runs within twelve miles of the main track 10 argue thus, Gent emen, is to argue .strongly against common sense, and be assured more strongly against our interests. But anotheir important consideration is pressed upon our attention with regard this branch to Sarnia. The Grand Trunk Company have a charter omn their ine to barnui also, which they are pledged io the country to do. It was vvith this understanding and no other, tha' they succeeded in gettin- the Provin- cial aid in 185D. That work is essentially a Provincial work, aUhou.fh aWed by pnvate capitalists, and so long as there is a work of the citLens of fhe coun- ty which IS more intended to open and de velope the resources of the country ilWtf'/^'''''''^""^"""'" "^^'P'^"^ '"^^^''^^^ ^^'hy r:ot act prudently" S allow that company to construct their roads? It is argued that we have ei Ben- ded large sums of money already on this branch.-thTs is true Lt how S S? onn non^'""! .""'' ^'*"'" ^"l •^\^°'^'" '"^ ^^'^ squandered, than'to pay the vXla $3,000 000 ai.d aen repent, which we certainly will do, f we proceed withTha expenditure f we have been „mre;,re.e«/ei,' instead of befn^rep^^^^^^ heretofore, the knowledge of that should induoe us to -.ct more%rEtlv In lime to come. But if we have expended large sums on this line ScinlLh. paying surveyors and engineers, ^iho devoted more time in teachinro ^ k^ dustrious men how to play and " get their money easy," and hirinllndfana^^ hun woodcocks and black squirrels, than was judiciously and SenUv ex" pend Ki, we might be oniy too glad to be paid fifty percen on our^expenditure and allow the Grand Trunk to assume our clai^ ^0"te vvithoS comp?: The Grand Trunk is five or six times as long as our road. Should both roads be constructed in sight of each another, for many miles, they mi"ht verv well afford to run that portion which competed with ours, free, X^h hl7 been threatened by our opponents; in which case it would be a blessinr'ta the share holders If the directors would embez.le our money: in the lauer cLe i^J £m. '' "° ^'^"t.ngencies hereafter; in the formed, time would only incrc^e Gentlemen, Stockholders of England, at this very moment we write the^e i« aying at Detroit and Windsor 300,000 tons of n.erchandise to brt an^Uted over this road. Complaint, in ows complaint. The fact i-; thpr^^ J- mn,;TK • ^ to do than can be dine. We have decidedly theVesoci^T^ American Continent, and u is our duty to preserve its superiority "v/acf If there is more |,aid up capital than is applied, how much beUeno expend Ulav ing down a double track, which must be done ere long, and ^ncJease our faci] " ties for doing the business we are eagerly sought to do-reduce the tariff 10 per cent and our business would increase at least 50. The most sananlnp nrn jectorsoftheSarnia Branch do not claim that it will oarrvrore ?lTo7o(5)' tons of merchandise per annum, which; ai S2 per ton would aive S40 OnnTr ' ?l&'"f^ ^^'T l''''"fT '' ^^'^^ °^ ^^ 6^ c;acll§45 000?^Totd^a?nino: rlrfj r ""V'^ Y' '''^''""^ '^'^ P^^ '"^"^^Se allowed 'for repa rs, worl >•' road, &c , &c., which leaves a net earning of $52,000, which wLld make aS appl.caDle dividend of I, M5 per cent, and should the Grand Trnk, also cor struct theirs to Sarnia. wh mnv «--n«,n nK^nf »,oif ,i,: " xiuuk, aiso, toe- | , - _. ...^ >■ ■"••'•■t.ii iiuii tuis pm i;i;iiluge. /We, Stockholders in Canada, subscribed for atock in the '* Great Western Railway of Canada.''^ We paid up our i nstalments as they became due 'we il<. 1 - ««, ..nnk in the whole road far Mow par. The affgregaic ^./rT.i ot t^c «dooe 0"' ^'^Z •" ^7^;;^ ^o' iho whole length of the main track. They Will r"'hf«rable bSns They w I nap the foundation of the prosperity of lh.« r '("^r.v wfll thu8 en^ the confidence Enghshraen were wont to ►cad; hey wiU thus lenau) sua u ,n uiiously in moro place in our ra.lway ^yfJ^^^.^^^^nt^V^ Canadian Stockholders respectfully ,ay8 than one. ^o th.^ a.ra ge.n^^ ^.^^^^ ^^^ ^^^^^^ ^^..^.^^ Rfii-'ed'ace"d t Jseve^ pe" c^eut or thirty below par Th.s is a route pos • ■Stock— re tucea lOBe e jr i ^^^ ^^^^^^^ Branch ca;- l«e«sing aU a.e advantage ,a^^^^ improved country, and i'- Iclaim, passing as it does ^^""'^f ' "J 'J^ " '" ja^es, ahi ostany of which is mor. calledtorth thi& appea . /a< nmt-^^pd lecklessiv ri the conslruclion t Directors are furnished ^^^V ^l^W i^o i oar witt>' Uie Northern Railway, new Branches until our stock is >;-^,f ^'' ^P,,'\ P^ . no h"' consider " pruden.V twenty or ^^^'/y J^ -^J,^:;^ y vvh U-y'n ordy see the Fairways or ,es more Theo:etical ^^^ P^^^^ ;„^,,,^„ ,f ^,„, .^he American railway.^ We ask you to •"^'S^^^^^'^. P^^^^ only recommendalious for the construe- where Selfi^-hness a"'i»'^!''^\""/^^;,f i„„U, We ask you to look at the railwa; tionof branches We^ppealoy- ^^^^ system of E"g'=^"'*;. V,^.m:"^^^ ™ele^3 branches, and dreaming of dividen.ls ui stockholders mony in ^"''^ 'i'S "^f '^^' °y,a „„t 'ay, but yet proceeding for the vain ! In many cases fenou-ing they ^^^^'^^J^'^/^^l^^ ^.^ J' f,^^ of the stock- giatification of comveting ,^'^^^f ^'^^"J^.'^'^Sly the case, of showing their abi- holders, or, perhaps, which was '"o^t generaU> itie ,^^ > ^^^^ ^^^^^ Jity to allow Pr''^V:tZZTJaUolZ^ and Goderich j,ef.» We ask you to look at the result 01 ine^^,^^^^^ ^^^^^ ^^^ ^ Railway, which is to terminate on \h« f ^ "^. ^i^^l;„j ^hat too, decided ly the terminus of the Satnia Branch; one 'J^^ '^X ^n^i"^^^^ yet been able U, better half- has been mo^enUi^^^ S'^^^U ^^^ ^^ ., pay workvng^xpene^'^^^^^ the construction of. silence and allow our Directors to expenu^,^^^^ .^ certainly not u: road precisely similar, and it l^^^e f 's any t^.sirn J' „,anufacture the our favor ? Shall ^'^ l^!'}^"\t'c^^^^^^^^^ into stock ,n thi. :noM Block Which we now hoUl in the GWR^^^^^^^ .^^^^^^^^^ ^j„ 5^ useless of branches? Nothing but a recklessness 10 ^^ , duce the stockholders to «o"f "j;; J^//;,^ .ame poE hey do^ so^ with tho counuy P7-«iXTSopin" e resiurcStfe countr/by no means with intention of the ^f^'^^^Jr^^^^ or applicable dividend. Let us abandon the expectation of its P^y'"? ^j'^'^p^^end no more turtds. Hard as this may the Samia branch ^"^'/'^^f ^'7' ^.^P" uen a^^^^^^^ will only continue t J «eem, it is far better than ^» f "Jf^^i J'Xperfectln^M mam line-incteas.^ ^fa'^fe ^cl^rerct 'and re^pac/^U^h ihe^wholesome progress of th . ^We repeat we are your friends arid ^r^^-;, J^jJ/^VSv^re^L^rAo^l doing this you will P'°tf.°^ 7°"^^ 'X, ^t'^^XI a^^ safe. If we transgre.' money for the ^^n^^^'^^'"" ^/^^^^^"^tiv^^ 'and a mania here. We ask you t vee must be P""'«hed. There is a vauy ^^^ ^^^^^ destined, othe. *^T}obe%rard;red'oTtle e "anch especially the last named, an Thu^ Vut a% "^10 th s%ild and enormous extravagance. A CANADIAN STOCKHOLDER.