The Sun.
London, England, 1854-08-15 00:00:00

LONDON, TUESDAY. AUGUST 15, 1854.

In another part of this day's impression we
give in extenso the very interesting report of the
Directois of the Grand Trunk Railway Company
of Canada. Tho amount of English capital en-
gaged in this vast undertaking would alone entitle
it to particular notice. But it cannot be regarded
merely as aquestion of s. D. It toolargely affects
the welfare and prosperity of one of our most im-
portant Colonies to he looked at solely in that
point of view. The Shareholders will feel natu-
rally anxious that their investment should prove
remunerative, and that they should obtain the
ample returns to which their judicious specula-
tion so eminently entitles them. But the philan-
thropist, who considers the effects of a weil-
devised and comprehensive system of railway on
the fortunes of no inconsiderable portion of the
human fatuity—men speaking the same language
and acknowledging the same allegiance as our-
selves—will reflect with even greater satisfaction
on the progress already made towards the accom-
plishment of this gigantic project. There are,
indeed, ample grounds for congratulation to all

Iler pecuniarily concerned or otli3r-
rise, in the docarnent which now appears in

-,:~a, wli':

our colurnus.

It may be necessary to remind' our readers,
that the Grand Trunk Railway of Canada wo.a

intended to comprise all the companies previously

constructed or in course of construction, whose
lines intersected or joined the Main Trunk
Railway with the Grand Trunk Railway Com-
pany. By so doing, a complete " line," or rather
" system," would be formed more than eleven
hundred miles in length, with a uniform gauge o f
five feet six inches, that being the gauge which
the experience of the various parties engaged in
the memorable contest known as " the battle of
the gauges," proved to be the best for all prac-
tical purposes. Placed under undivided control
and management, protected from all injurious
competition by natural causes as well as by legis-
lative enactments--and traversing a rich and
fertile country more than eight hundred miles
in length, and with a population exceeding
three millions, it might be expected that
large profits would be realised whenever
the vast expense could be carried into practical
operation ; and from what now appears on the
face of the report, we see that there " is every
prospect of the most sanguine anticipations being
realised."

It appears that the fusion of the different com-
. parries for which legislative powers had been
granted some time since was completed in July
.of last year. The certificates, wisely and judici-
ously issued under the guarantee of the Province,
and the conversion of the paid-up shares of the
different companies speedily followed ; and from
onr knowledge of the efficient arrangements made
by the company, we can easily credit the assurance
that the arrangements in respect thereto have
been " of the most complete and satisfactory cha-
meter." No expense was spared in the first in-
stance, and, as usually follows, the result has
been
exceedingly beneficial to the company. The
, services of the most experienced, zealous, and
efficient men
were obtained, and hence
there has been
no necessity for a retro-
grade movement no sacrifice of thousands
required by a spurious economy of pounds.
In securing the valuable assistance of Sir
CUSACK RoNET as managing director, the Board
afforded conclusive evidence of their determina-
tion to give the Shareholders every possible gua-
rantee for the most judicial,
and careful manage-
ment of their concerns. The
indomitable energy,
indefatigable activity, and vast pract-
ical experience
of the managing director has already produced
the fruits that might have been anticipated from
the seeds sown under such auspicious drew,.

stances.
Thus we
find that immediately after the amal-
gamation was completed, the system of " audit of
all receipts from traffic " was brought into opera-
tion on the system of the London Clearing-house;
a complete and
effective cheque being thus esta-
blished on all payments on account of traffic.
Arrangements have also been made for its exten-
- Rion as the different sections of the Grand Trunk
line are completed from time to time.
Two branches, constituting together the line
from Portland to Montreal, 292 miles in length,
have been opened. They were delivered to the
company in July, 1853, in a state unfit for
working, with the locomotive and carriage stock
deplorably defective; but such has been the ac-
tivity displayed that the traffic on this portion
• ,
has already increased gradually and steadily from •
1,644/. 3:i. 9J., during the first week of the half-
.
yo.a, to 3,6274 Is. 9d..in that ending on the 30th