New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-04-30
CANADA,
Canal Tolls-Iron and Coal-American Specu-
lators-The Tarin-Quarantine Regulations
The Trust and Loan Company.

Correspondence OF The lnbune
TORONTO, Saturday, April "a, 1852.
The Government has reduced the tolls on
railroad iron the ST. Lawrence Canals, to twenty
cents tun. similar reduction is made on pig and
scrap ron broken castings and other kinds and
on castings nails spikes and other iron not described
to thirty cents tun These reductions are also made
on the Weland Canal for the benefit of our Western
neighbors. The New-York canals have not much got
the start of us in this reduction business We not
in the habit of making iron for ourselves to any extent
worth mentioning although have abundance of the
raw material in Upper Canada. AZ people, we are
not proteconsts and 1t is certain that without pro-
tecye duty we cannot manufacture much Of the iron
we require and demand for that article s just now
increasing with great rapidly principally Tor railroad
purposes There however set OF iron works near
Bellvie, called the "Marmora Iron Works, which man.
age to keep agoing. previous attempt TO work the
same ore which 10 particularly rich and makes iron oil
excellent quality proved total failure The mistor-
tune or rather what adds to the difficulty Is, that we
want the coal, which must import either from Penn
sylvans Nova Scotia. The mention of coal leads me
advert TO the fact that is gradually becoming more
and more article of fuel here every year and Is
rcmar ksbe fact that very often the importatOns are
quite inadequate to supply the demand This last win.
ter for instance, the principal stock OF coal imported
was consumed before New Years since then 1t has
generally been obainable at all and what little did
change hands was sold at $40 a tun.
But il we do not know enough 10 buy coal from the
Americans, il seems that they are more wide awake In
their purchases from newspaper, the other dsy,
complained that the Americans come here and buy
every thing-a very singular complaint-but American
spectators have, during the last winter carried on
nearly all the produce that came TO market and In
stances related of large quantities OF butter having
been purchased here for ten cents pound and sold In
the New-York market for twenty-five cents. 1t does
seem indeed that the price in Toronto oil articles OF
domestic consumption, like this, is TO be ruled very
much by the NewYork market; for whether II be that
American spectators purchased up all the butter in the
fall how certain is that 1t has here reached over
twenty cents and often twenty-five during the winter
But il is surely queer thing for our Journalists TO grum
BILE at competition among buyers, seeing that we are
the sellers.
The Boards Of Trade of the principal cities of Canada,
including Toronto Montreal and Quebec, are about TO
hold miniature Convention to take into consideration
the Proprety of revising the tariff The principal object
seems TO be to bring about reduction OF the tariff and
to sh the burden from one article 70 another these
Boards Of Trade as general thing, the representa-
tives of the importing interest and the members are
kept decenty correct by playing of grocer against
dry goods merchant and dealer in ronwares against
somebody else. They have no incentive TO advocate
protection and in fact they are little else than means
OF setting trading interest TO watch the other Some
times they carry pressure against Government;
but they have not been sufficiently powerful 10 prevent
the stocks OF merchants goods hand from being sub
ect to taxation for municipal purposes although, as
matter of course. they have grumbed considerably.
believe the proposed Convention contemplates little
pressure OF this kind. They will probably have the
satisfaction of learning whether they induce the
Government to revive the discarded practice of keeping
up tug-boats on the ST. Lawrence
TIE Quarantine regulations Quebec for this season,
have been somewhat modified from those Of previous
years Heretofore every vessel was detained al Crosse
Isle, and then again opposite the city of Que DEC.
Now there is TO be second stoppsge for any vessel
and vessels of lees than $50 tuns with less than - pas
those $50 tuns with less than 50 passen
gers, will not be delayed at all.
Symptoms of dissatisfaction with the privileges that
have been given 10 the Trust and Loan Company
mammoth London concern which is permitted 10 take
much larger rates of interest than any Canadian Com
pany begin to be apparent Ii thai the managers
ofihe concern in England borrow the money at about
halt the ratcs they eudit Canadians and pocket the diff
ference a compensation for their shrewtiness Some
propose as remedy the entire abrogaton OF the usury
laws while those who believe such laws To be necessary,
would hesitate TO revoke the charter granted To the
London monopoly. Lc.