The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-03-08


The meeting which took place Friday last In this
city for the purpose Of takiog into consideration the
debenture to the of fIoo 90 for toe far
therapce Of the Toronto Simcoe and Huron MON Rail-
read, was very numerousy attended. The resolution
submitted to the meeting was carried by large
majority Of those present The plan proposed BY the
meeting to the city council is without precedent
in the province. The Porstion OF Montreal have
ssued eebenturss to large amount to sid In the
ttruction of the st Lawrence and Atlantic hallway,
the line Of which runs from Montreal Portland in
the State Of Maine The work Is going on rapidly the
Whole of the Montreal debentures In lite aid having
been satisfactorily disposed Of The corporations Of
Hamilton and London have agreed to iseue deb-ntures
to considerable amount in aid of the construction OF
the Great Western Railway and the municipal council
OF the Simcoe district would readily have agreed
TO issue deSentures to AID in the construction OF
the Toronto, Simcoe and Huron Union Rssirosd,
II the old municipal council cot uudrr which they
were then assembled had permitted them to do so
The municipal council act coDfers extensive
porsrs on the county and city corporations ssssesn-
county council for Simcoe will avail themselves Of
thoee powers and issue debentures in ard Of this great
work from which the county mutt derive very esssn-
tis benefits The probability is that the municipal
council for the county Of York will also take favor
able view Of the ndeskipg and issue debsntures Ia
its aid to with the grss, sd
vantage which the railroad confer the
ard its inhabitants while the city corporation after
the expression OF opinion in its favor that he's
been manifested will no doubt contribute its aid 70 en-
undertaking which will confer lasting advantages on
the city The cry 10 continually ringing In our ears,
Of the abseLce Of railroads and o.her public works,
similar to those which In the States and peo
u
iure has conferred power making the important
improvement. respecting which the meeting on Friday
las, TOOK place; ana BY combined sors. properly a.
s very favorable one probably the most favorable
one that has ever bssn passed by Lssssturs rns
board Of managers gentlsm Of integrity respect
ability and standing we'll known In this comm nifty
Offering collectively an uDdoubed guarantee that the
important trust committed to them will be faithfully
discharged. The united support Of the corporation Il
the city OF Toronto aud hore Of the counties OF York
and siucoe, coupled With individual invsstnsnts
fOr eOn sfvsc n.f
this railroads and by asact passed last session OF Par
liament the guarantee Of the Province may be pro-
cured for the interest Of certain proportion Of
that may be borrowed for the construction the
Some parties at the meeting took exception to the
plan OF raising the funds for this work by the sale Of
tickets pairing IL with the old lottery plan. But It
s In reality plan Of a very differ ut character, and
v. adopted by the Legislature with . perfect know
lecge OF Its desgu The lottery plan at first proposed
was rejected. and the present plan which Is precisely
similar TO an art union. comm.n to England AID the
Intes States was adopted In lie stead rhe act an-
thorzing this plan not passed in haste but stsr
due deiibeaton and having received the sanction of
both Houses Of the provincial Legislature IL was after.
wards assented to BY her Majesty the by an cot
CT the PRIV council in England that the Imperial
government - we'll a. the provincial Parliament, have
deliberately and advisedly sanctioned the
Such being the fact any attempt to damage IL here
must prove futile, and the work proceed With the con-
The population Of this City aud county. and Of SIM
coe are AZ well able TO undertake . work Of this de-
,sr, m o., ., any orainSry portion OF equal sx-
the Undertaking they viii appreciate Its benefits and
II they desire TO zee such an Improvement made in
their country they mutt do others have done bsfors
them put their shoulders to the work When they
do so, others will sssst them far that may be
sesssry; but they must SHOW In the fret place thst
they have confidence themselves in the undsrtaking
by smbsrkng heartily In It, the best guarantee they
can offer Of its utility and safety IL would be the
means OF introducing population and capital fssili-
tatipg intercourte increasing traffic, encouraging
manufacture. enhancing the value Of property and
placing the distant residents In the interior par
In most respects, with those In ana sdjscent 60 the
city by rendering them speedy aud certain access TO
market, with their produce aud manufactures at ell
seasons.