The Sun.
London, England, 1856-07-05 00:00:00

GRAND TRUNK RAILWAY OF CANADA.

We have received files of papers from the Cape
to the Ist ofMay.
On Tuesday, April 29, the following resolutions
werej,,approved by the Cape Assembly in a com-
mittee of the whole house
" 7L. Tnat immigration from Europe to this
colony, at the present time, under the auspices'of
Government, is both expedient and necessary.
"2, That "thee chief objects to be secured under
the immigration scheme should be twofold, viz., to
provido a supply of labour, and add to the general
population of the .colony.
" 3 That the classes -of immigrants to be
,
in-
troducid shoudd embrace—first, agricultural la-
bourers; of all descriptions,' shepherds, and me-
chanice ; and secondly, such other immigrants as
will promote, the filling up of the country, both in
the wnstern and eastern divisions.
"4. That provision should be made in the first
instance under proper limitations, to enable per-
sons s o to do to semi for any particular parties
whom they may wish to introduce ; but that such
Persons. shall enter into an engagement with Go-
vernme nt-,;,that the parties so introduced by them
shall, froth day of arrival, be at their cost and re-
sponsibility.
"5. That a vessel should be simultaneously de-
Spatched -to Table and Algoa Bays, and that ar-
rangements should be made for application for
these imna'.igrants being received previously to their
arrival, m lel for their distribution through the dif-
ferent divisions of the colony as soon, after their
arrival as in ossible.
"6. Tha.t special Government agents should be
appointed a"t Cape Town and Port Elizabeth, for
the purpose- of carrying out the distribution of the
immigrants at these points, and that these agents
should put' themselves in communication with
the Divisional Councils or Local Immigration
Committees, ,with a view of arranging to supply
the labour which may be required in their divisions.
" 7. That tile agency to be employed in recruit-
ing immigrants for- this colony should consist of
persons depuikld from 'the colony, who are ac-
quainted with its wants, or of persons resident in
the mother co tt ntry, but likewise acquainted with
the character fwd. capabilities of the colony.
" 8. That iii,:portion of the expenditure for im-
migration shoudcl be applied to the defraying of ca-
pe:lva...on board, any ship-or ships, beyond the ex-
penses of each immici''rant, excepting such charges
as may necess,trily be incurred in providing a
superintending .stargeon.
" 9. That in Is roviding means for this scheme of
immigration, the credit of the country should be
employed, throu:g h the issue of debentures, bearing
a certain rate o f interest, and these debentures
should be redeeifte d, after a certain time to be fixed
in the Act which: ishall provide-for their issue.
"10 Tbapench its should be invited in London for
these debentures, t_o die -extent; in the whole, of
200,000/. ; that they should bear, interest at the
rate of 6 per cent. per annum, but that the Go-
vernment should 134 ) restricted to the issue of de-
bentures to the anic tint of 50,0001., and no more,
during the current, year ; and the Government
should not issue Iwo, further debentures until au-
thorised so to .do ,by, a vote of both Houses of
Parliament.
"11. That the Gtov-ernment should be requested
to iutroduCe a bill on. the basis of these resolutions,
and containing such other provisions as may be
necessary for carrying Out this scheme of immi-
gration.:
The 'Cape Timm Vail says :--
"The discussion oo:upied some time, and there
was considerable dif Terence of opinion, but chiefly,
as it appeared to us,. 0.'4 to the method of pr6curing
or inducing Europ ettn labourers and others to
prefer Smith •Afric to other fields of emigra-
tion. No one doubts. that an increase of popula-
tion from Europe would be beneficial to the
Cate; And, within oertaiu limits as to time, bene-
ficial in proportion to the number of such immi-
grants. The commilttee divided cm the resolutions
as they stand above y and the ayes were 22, noes
14 ; majority 8. Tt.e question will again be dis=
cussed in the hour' e either when the report is
brought up or when the bill is introduced and pro-
posed to be read a second time. It will also, no
doubt, be amply dim mussed in the Council, so that
the public need not fear that so important a mea
sure will be rashly 0- ither adopted or rejected. We
shall return to-this t object: very soon." :

VACANCIES, AP,i POINT,VENTS, AND PRO
MOTIONS IN TILE CIVIL SEEiVICE.

The Admiralty :—M W. Kenn& has been promoted
to be acting first class: clerk in the Accountant-General's
department, Sonaersei c-1 touse ; Mr. W. Hooper and Mr. S.
C. Dilkliti'have'been p 1 romoted to be acting second class
clerks ,in the Accoun tan it-General's department. General
post_bifiee J. ( art tat has -been appointed postmaster
of Campbeltown, in tbe room-of Miss Lothian, resigned.
Customs :—Mr: o, of Leith, has been appointed a
clerk of the fourth etas v in the East and West Docks,
in exchange with Mr. It.. H. Renton ; Mr. A. G. Mallett
has been appointed pri on ipal coast officer at Penryn, Fal-
mouth ; Mr. It ff.l4 utton, clerk of the fourth class at
the East and West Inc L irs Docks, has been appointed ninth
clerk.si Leith, in exchai with Mr. Rollo. Coast-guard :
—Mr. G. T. S. Winthn)p has been appointed to command
the Shorehitm station, v IMr. Edlin, previously removed;
Commander E. Hardy b tat been appointed inspecting com-
mander of coast guard. , Scotland :—Mr. G. Webster has
been appointed commi Vitt ry clerk of Forfarshiro. Ire-
land :—Mr. j. E. O'Fen ^at l has been appointed clerk of
the Crown forlongford, its the room of E. Gale, appointed
Crown solicitor of Caws: 3 a ad Longford; Mr. G. W. Cullen,
sub-inspector of constat iuli try at Muryborough, has been
appointed sub-inspector -at Callan, in -the room of Mr. J.
C. Brown, who has f, =changed and removed to Mary-
borough ; Mr. C. D. Af Way; draftsman, has been promo: ed
to the office of second c Jerk of works, Board of Works,
Dublin, in the room of
...Air. J. H. Owen, advanced to the
post of architect to tb e board; the office of draftsman has
been- -rendered vamp t by the promotion of Mr. Astley.
Canada:=Mr: J. 51-.. ewun has been appointed sheriff of
the comity of Essex, iirt the- place of Mr. W. D. Baby
Mr. J. Harland, of Guelph, has been appointed a surveyor
in her Mojesty's Ci astonrs. New Brunswick :—Mr. R. D.
Wilmot has been appointed provincial secretary ; Mr .J.
H Gray has bee'a appoi rated attorney-general ;Mr. J. C.
Allen has bean appainted solicitor-general; Mr. F.
M.Thelim has ,beeya B,pi sainted- postmaster-general,—Ciyil
Service Gaserte.,

FAIRLOP FE! ..m.—.Yesterday. morning, at au early. hour,
the east end . of London presented a busy and animated
appearaece consequence of the immense number of
persons pass" 'mg im their way to the celebr. tted annual
festival, Fai rlop Fair, in -Hainault Forest, RYsex. The
members of the Waterrnen'i Aiseciation and the Block-
makerre.Sq. ciety preCeeded in their gaily-rigged'. vessels,
which were 3 each drawn . by. six .horses, accompanied by
outriders a .nd postillionadressed in scarlet liveri'es. Each
party had . their brass band, and every kind O. vehicle
§eemed tq . have been called into requisition for the oc-'
casion. 1 ithe • extreme fineness of the weather i3o doubt
induced nany additional thousands of persons: to pro-
vp6cl teiti'vi'anCient place which was formerly p atrouisecl
by lt,eyal tji. The shopkeepers along the who' A 3 line of
route,, frt.nt Whitechapel Church to anw and t Stratford,;bad 'Jinir lontwes gaily decerated with banners, tiag.s, and
various .devices, and preparations .were also .m.ade for a
general Ulna ,ination and an unusual display of firew,orks,
on 'the +retry en of the company from the fair. The bt bats,
with their merry occupants, leached the Mile-end.-load
shi)rtly:; heft ire ten o'clock.- ' A large body of:pollee- -were
in atte.ndaa 'ce from. the H, K; and V divisions to.' pre-
serve o rclei

(From the Times' City A ri.cte )
The following letter from a shareholder of the • •
Gran? Trunk Railway of Canada gives a concise
but, perhaps, a too unqualified history of the gene-
ral course. of that undertaking, and of the position
in which the subscribers may conceive themselves
to be placed if the measure of relief, as it is-called,
which has been entertained in the Canadian -L7gis-
lature should be sanctioned and accepted by the -. •
London
..Board of Directors. At the same time it •
is necessary to mention that there is little expecta-
tion of this course being adopted.- The London
Board, it is believed, have not yet had the new ".
arrangement formally proposed to them, but when;
ever it is brought under consideration the decision-
will doubtless be regulated with a strict view to
the interests of their constituents, although they
would, of course, be glad to promote any unobjec-
tionable •••
suggestion that might be calculated to ope- •
rate beneficially for the contractors. The magui- • "
tude of the line, which was projected to extend a .
distance of 1,112 miles, and to involve an outlay
of 9,500,0001., causes great importance to be at-
tached. to every question in relation to it : -
-
" Sir,—The letter from Mr. Napier, in your city " -
atticle of to-day's paper, reminds me that I am one of
that helpless class, a railway shareholder. Under what
circumstances, as a prudent man, I became one the fol-
lowing is my justification. In 1853 the prospectus of
the Grand Trunk Rail .vay of. Canada' was brought
under my notice. Warned by the past, _I of course
looked chiefly as to who were the people Under; w-hore
authority it was to be cradled and brought up, and what
their proposals. Behold the following as directors in
London:—
" Thomas Baring, E-3q., M.P., G. C. Glyn, E-'q.,
M.P., agents of the province and directors on behalf of
the Canada Government ; Alderman W. Thompson,
M.P., Robert M'Calmont, Esq., Henry W. Blake,
E. 41., K. D. Hodgson, Esq. and 12 directors in Canada,
six of whom held the chief Government offices, with Mr.
W. Chapman, of Leadenhall-street, as secretary.
" The prospectus showed that the railway would be
1,112 'miles, in which was included a lease of the Atlan- -
tic and at. Lawrence Railway, of 148 miles, at a rental,
f 60,0001. per annum, and the capital required was„
9,500,0001. sterling, in which was included the construe=
tion of the Victoria-bridge over the St. Lawrence, under'
the 3,34l.intendence of Robert Stephenson, Esq.,
as engineer.
"In the said capital of 9,500,0001. was a fusion of
two railways, on which had been laid out 1,416,0001.;
wlech was to ,be reckoned as capital ; and, there w,as re- oil
- •
served for allotment in Canada 837,600/. ; ,total,
2,253,600/., The remaining capital of 7,246,000/. , was .
created as -follows :—One-balf in shares, one-fourth in .11.:
debentures of company, and one-fourth in bonds of the
Canada Government, as a first mortgage on the railway.
Or this 7,246,000/. one-half was to be allotted to the
English public, and other half was agreed to be taken
at par by the contractors, Messrs. Peto, Brassey, Bette,
and Jackson, in part payment of their contracts.
" Interest at 6 per cent. was to be paid in London

until the entire works were completed ; and a summary
of probable revenue w,as detailed, showing a aet profit, of
11i per cent. on the share capital.
" In this prospectus the attention of the Eaglish pubs
lie is prominently drawn by the promoters to the large
amoutit of Canadian capital invested ; also great strew
was laid on the certainly very important fact that the
eminent English firm of Messrs. Pew, Brassey, Betts,
and Co. had undertaken six-sevenths of the whole of the
new works ; the directors thereLy being enabled 'actu-
ally to define the cost of the railway -Ify the contracts
made, so that there could, be no apprehensiet of the
capital being insufficient ; and, further, the public are
again assured that the directors, by their contracts, hive
secured the delivery of the whole of the railway fully
equipped and complete in every respect.
"It was also stated that the receipts from the 390
miles opened in 1853, from Montreal and Quebec to
Portland, would at once realise sufficient to pay the rental
of 60,0001. per annum; and also pay all the interest on
the debentures and bonds.
" Well,, Sir, on .consi,lering the above, knowing, the
progre” that the growing colony of Canada was mak-
ing, and knowing also that in the names of the London
directors, I had a combination of strict integrity, high
honour, and excellent judgment, I tbought.l cauld ant
be far wrong in embarking my modicum of money in
this investment.
"I confess I did not rely on the 11; per cent. paraded
—but I thought I was sale for the 6 per cent., and also
considered it was not a bad scheme .for Canada, where
the rate of interest, ranged at 10 per cent.
"The whole of the English capital was allotted, and
the shares came out at a premium. -
"For the next two years, 1854-5, sundry reports
and annual meetings took place, in all which the
cads are reported as well paid and the works prosecuted
by the contractors with energy and vigour, the Hon.
George Pemberton congratulating the shareholders on
their financial position and the progress of their magni
ficent railway. True it is that a modest intimation is ,
given of a loss of 298,0001. by a want of judgment as to
the Portland section ; and, what was worse, the sharee
holders were informed that the 837,600/. of capital re.'
served for parties in Canada was in no part taken by the
ungrateful people. However, to remedy this, the direc-,
tors had obtained an additional issue from thel Canada'
Goveinrnent of 900,0001. bonds, thus by so much reduc•
ing the share capital and creating in an inverse ratio a
preference charge. To this—not expecting perfection,
in a railway direction, but, no doubt, relying On some
deigree of judgment in the London' directors—the share-
holders appear to have silently submitted.
"Thus matters stood at the beginning of this year,
the shareholders not having -a hint even of any financial
embarrasment of the company, when your columni die'
closed the first act of the drama by giving- a report of a
mceting- of-a portion of the shareholders to take steps -to
remedy the finances of the company, and the Hon. Ws
Napier was deputed to Canada. Who these sharehold•
were, what adannit of shares they represented, and
in what shape the company's finanees were wrong,•hava
never appeared. Your columns of to-day have disclosed
the cioncluding act of this tragedy. Amid a state of .
affairs in Canada which to my mind conveys a vety
painful impression of the low state of public feeling and
political morality in that colony Mr. Napier bait
thought proper to negotiate a. proposal which, let it
be disguised as it may, is neither more nor less than the
complete destruction of the,3,000,0001. of share capital ;
and for what is shrouded in a mystery. The board 40
directors in London amid all this are as silent math'
grave ; for two years there was no paucity of circulate,
for the last twelve months not a word as to all this.
Can Mr. Baring or Messrs. Glyn and M`Calmont be
aware of what is doing or of the, responsibility attaching
to them ? If the difficulty be with the contractors, why
are we not told the truth ? And if so, and they find it
inconvenient to fulfil their engagements, is 'that all
reason that my property should be confiscated to
save there from loss ! I may use strong language,
but here stands the naked proposition. I on'
barked in a share capital of 5,144,0001., and prefer.
ence debenture capital of 4 356,0001. ; total, 9,500,0001.
By the proposed scheme of confiscation the share capital
is reduced to 3,006 000/., and the preference capital ill'
creased to 7,256,0001. ; tetal, 10,262,00011. And of the
.2,000,0001, of new bonds created 700,00/. is to be ap'
plied to railways which no man has had the effrontery
to say will pay even their working expenses. If for
case be soalesperate that either the contractors or the
shareholders must be-destroyed, why the shareholders
We have performed all our engagements ; but so help'
less are the shareholders by the transactions occurring
in Canada that I now appeal for your aid (ever given to
the innocent sufferer) to rouse the London directors to
the discharge of the duties they owe to the shareholders,
who have reposed with so much confidence in
names.—l am, sir, " A SHAREHOLDER.
" London, July 1."

GRAND FATE AND GALA DAY AT

NEWTON-ABBOTT.

A grand fete and gala day came off yesterday, the 41b
July inst., on the grounds of the South Devon Cricket
Club and Highweek Archery Society, -in aid of the
Teignmoutb, Dawlisb, and Newton Infirmary. Owing
to the fineness of the day many hundreds of persons were
on the grounds shortly after the gates were throw/3
open, a great portion of whom were supplied with tear
at 6d per head, many benevolent persons of the tow°
having supplied tea-tables gratuitously. Fruit, cakeet
and flowers were also sold on the ground, which had been
contributed by the neighbouring gentry, the proceeds el
which were handed over to the above institution. The
South Devon Railway Locomotive Brass Band, under,
the direction of Mr. Workman, la as in attendance, and
gave their services gratuitously. Dancing on the greet'
sward was kept up with groat spirit until dark, and each
returned to "their hoes highly pleased with the day hones.
amusement. '

The protest of the Duke of Montpensier against tho
decree of the grant of 600,000 f. to the heirs of the Prig'
cesses of Orleans has been received in Paris.
The .Opinione of Turin, of .the 2d inst., aunouncee
that the Russian General Totleben intended shortly to
visit Italy and the Sardinian capital. 4
General Rose has arrived at Vienna cn his way t°
England.
The Opinione of TUrin, in noticing a letter froin Pari6
stating that rumours were, current there of a; great re"
volutionny movement being in preparation at Genoa,
'and of violent excitement existing in Piedmont, says
oiese rumours are too absurb to deserve /linty
tion."
The Governrneat of the Two Sicilies has sent a replf
to the. note of the Queen of England recommending tb°
hang to ru'e with more humanity. -
The clite!s of the Fusionist party are greatly didactie
fled at the letter of the Count of Paris to M. Roger (d°
Nord). •
The Austrian commissaries sent from Milan to MOO
in ()Her to judge some 70 political prisoners, have ,up
this time sentenced 11 of theme to 20 years', hard-labour'
Among them is a Piedmontese subject, from Sericii
named Giovanni Calzolari, who will probably be claimed
by his Government.
The Iridependance Beige of the 8d say?:-" Mr. Said
O'Brien, with his son, has passed through Brussels
his way to his native land,:.from•whiohihe has now bee!,
-exiled. eight years. Several of his friends acoompaniw
him to Antwerp, where he embarked this morning 013
board the Baron Osy for Ldndon." •
Telegraphic advice from Riga yesterday mention tbi!
a
the convention confirming the concession of Abe Rt
nd Dusaburg Railway.'has been signed by the It's„i
Exchange Committee, .; arid approved' by the Superior
Committee and the Civil' Governor, The eentragt
therefore, fornnklly .cOmpleted.