The Sun.
London, England, 1845-07-21 00:00:00

THE ST. LAWRENCE -and ATLANTIC
RAILROAD.
Incorporated by the Parliamant of Canada, Bth Victoria, cap. 25.
Capital 600,0001. currency, equal to 500,000/. sterling. The pre-
mium of exchange being fixed at 8 per cent., at which rate all divi-
dends will be paid in London. 12,000 Shares of 501. currency, or
411. 13s. 4d. sterling, of which 2,000 Shares have been subscribed in
Canada. First Instalment 41. per Share.
PROVISIONAL COMMITTEE IN CANADA.
Baron Grant de Longueuil W. Edmonstone, Esq.
The Hon. Peter M'Gill John Frothingham, Esq.
The Hon. George Moffatt, M.P.P. A. T. Galt, Esq.
Major-General T. Evans Edward Hale, Esq., M.P.P
The Hon. A. N. Morin, M P.P. B. Hart, Esq.
Samuel Brooks, Esq., M.P.P. William Molson, Esq.
T. Bouthillier, Esq. Dr. M. Maccullock
Major Campbell, 7th Hussars • B. Pommy, Esq.
Thomas Cringan, Esq. T. A. Stayner, Esq., Deputy Ost-
George Desbarats, Eeq. master-General
N. Dumas, Esq. John Torrance, Esq.
PROVISIONAL COMMITTEE IN LONDON.
Edward Ellice, jun., Esq., M.P. Alexander Gillespie, jun., Esq.
William Chapman, Esq. Nathaniel Gould, Esq.
James J. Cummins, Esq. Robert M'Calmont, Esq.
J. B. Elin, Esq.
BANKERS —Messrs. Glyn, Hallifax, Mills, and Co.
Soeremas—Messsrs. Bischoff and Coxe, 19, Coleman-street
AGENT IN LONDON—A. T. Galt, Esq.
TEMPORARY OFFICES-19, Coleman-street.
This Company is established under an Act of the Parliament of
Canada, 8 Vic. c. 25, royal assent 17th of March, 1845, for the pur-
pose of forming a Railroad from the city of Montreal, the capital of
that important colony, through the most populous and fertile part of
Canada East, via Sherbrooke, in connexion with a railroad to be con-
structed Prom the city of Portland, on the Atlantic Ocean, and which
connects it by an existing railroad with Boston.
This line of Railway, while it gives important advantages, not
only to the provinces, but to the community at large, at the same
time promises a safe and remunerative investment for capital.
The present communications with Canada are either by the long
and uncertain navigation of the River St. Lawrence, entirely ob-
structed by ice during six months of the year ; or by the tedious land
'ourney across from New York or Boston, the shortest of which ex-
ceeds 330 miles of mixed stage and steam conveyance, and can
be used for passengers only. Whilst by the construction of this rail-
road, an uniform and cheap route from the Atlantic, not exceeding
240 miles in !ength, will be established, available at all seasons of
the year, and forming the connecting link between the Ocean and the
vast chain of canal and lake navigation westward of Montreal.
By left lately passed by the Congress of the United States, British
goods are permitted to pass through their territory, under bond, and
by treaty the Canadian mail is transmitted from Boston overland to
Montreal. Under these arrangements this railroad will be at once
the shortest, easiest, and cheapest communication that can be opened
for passengers, as well as for the carriage of the more valuable Bri-
tish manufactures, West India produce, and various foreign goods,
now imported by the St. Lawrence, or sent in by the long and expen-
sive route from New York to Montreal.
rc, this country, as well as to the numerous emigrants who proceed
yearly to Canada, it must be ever an object to have their communi-
cations accelerated and improved. This railroad will bring Montreal
within a few hours' travel of the excellent and spacious harbours of
Portland and Boston, ever open, and only ten or twelve days by
steam from Great Britain, avoiding altogether the hazardous navi-
gation of the Gulf and River St. Lawrence.
The Act of Incorporation has already been obtained, whereby all
preliminary expenses are saved, and one-sixth of the capital required
has already been subscribed by persons of the first standing, as re-
spects intelligence, influence, and property, in the colony, thus
affording the strongest guarantee of the confidence there entertained
in the project.
From the point of junction with the railroad to Portland, arrange-
ments are now in progress giving the assurance that no delay will
arise in carrying out the charter' granted to parties in the United
States, for the construction of that part of the work.
The whole line has been carefully surveyed by experienced engi-
neers; its practicability fully demonstrated, no tunnelling being re-
quired throughout the whole distance, and the cost of construction
in the most permanent manner, including purchase of land, and ex-
penses of every other description is estimated, will not exceed
450,0001. sterling ; being under 4,0001. per mile for 120 miles of single
line, being the distance in the province to be constructed by this
Company. And it may be remarked that forty miles, of which
twenty-two are of a maximum grade of eight feet to the mile, may
be in operation by the latter end of next summer, at an estimated
cost not exceeding 100,0001. sterling, which part adjoins Montreal,
and will, it is not doubted, immediately yield a profitable return.
The traffic returns obtained from the colony, deduced from actual
sources, after the most careffil investigation, and framed exclusive of
Sunday traffic, on which day it is only proposed that the requisite
sat
eprlriensge,n twehaep en c t
remittedeincomed ofto 95,6001.
currency, England,
the railroad, estimated by similar
mail train should trav7oe9fl;wB3:3rlok.wing
while
etequal
he exponstoes
works in the United State!, will not exceed 30,0001. sterling per
annum.
It may, therefore, be safely concluded, that the annual surplus of
income over expenditure will, at its completion, arttount to about
50,000/. sterling, or equal to ten per cent. on the capital subscribed;
while the Proprietors have the certainty that, in a country whose
resources are daily becoming io enlarged and developed, this rail-
road, forming the principal highway to the extensive and fertile
great lakes, comprehending Western Ca-
nada.regio
theregions Ohio, Michigan, and Wisconsin, and
borderingSt a es
crease in roductiveness
united, must steadily and greatly in p
oofoNethwe York,
being the trunk to which local branches will from time to time be-
come position in which this
Company stands, it is prepared to commence operations immediately
It will further be observed that, from the p
on the capital being subscribed ; the instalment required will be im-
mediately expended on the work.
Company being already established, registration under the 7th and
The Act of Parliament having been obtained in Canada, and the
Bth Vie., c. 110, is not necessary; nor are parties required to sign a
Parliamentary contract, as in the case of Englislhications comnies Shares la
Prospectuses may be obtained from, and app
the annexed form, addressed, until the 21st of July, to
pafor
A. T. Galt, Esq., the agent from Canada, 19, Coleman-street,
- Messrs. Bischoff and Coxe, 19, Colemanestreet, solicitors,
Messrs. Laurence, Cazenove, and Pearce, brokers, Auction Malt.
FORM OF APPLICATION FOR SHARES.
The St. Lawrence and Atlantic Railroad Company, incorporated by
the Parliament of Canada, 8 Vic., cap. 25.
'• Gentlemen,—l request you will allot me shares of 41/. 13s. 4d.
sterling each, in the above Company ; and I hereby engage to accept
such shares, or any smaller number, which may be allotted to me,
and to pay the instalment of 4/ sterling thereon.—l am, &c.
Residence• • • • • • • • .. • • • • • • • •
Trade or Profession • • • .....
Reference..................

Date •

To the Prorifiehal Committee in London, 19, Coleman-strect