New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-03-18
CANADA.

.-~su Canada and Lave.v
seS. s.sseiasasns-fhe Maine A"-
n.-,nern Railroad. &C.
c--~..dspcs Of The N y. Tno.As
%" Tonosrc, Saturday. .darch 10, 1851.
The Government haS taken step to-
ard establishing lire Of steamships to run be-
sveen Canada ans Liverpool. Tenders are adver'
ti,sd for, In which required TO be stated the
tsrms On which the parties rendering VIII engage 70
run b1s Of steamships between Liverpool ana
Monteal, ssni.monthly in the sumner, and In the
winter between Liverpool and Halifax or Portland
or such other Atlantic port 40 may hereafter % &C.
tsrmined on: There tenders may De fsss,I nr;ons
bsaa fde 20 this extent the Government Is snA.Sus
70 learn the cost at which such me OF scIe.
ssexmshps can be obtained, IN ORDER thas sney nI
be aoss - place more Satisfactory 'A'
sube "A before the Legsl xure al the next session.,
~ Az known that tne leajIBg members OF the Odo,-
MT are An favor of extending puoc ard toward sucn
line in order TO secure It's estaoiisnmen, ahu
- l,,sn doubt that the Legislature would De willing
m :, ant gratuity Of from $60Oo0 10 $oJ uVo year
tovard thai object. The Legislature viii not meet
MI the middle Of summer. ana therefore 10 no! Az
All likely that the contemplated line can De put Into
actual operation In less saan year from the present
see By The Tribune that the building societies are
rapidly existence IN Ne. OK o. EIe e..
of inetitutiops bearing that name. But the cesgna-
tion is sad misnomer. They do no. promote build
IN lQuDltStlfu&t
Of fast The most exorbtapt works OF usary that ever
afflicted a community. They are extensively 70,
sorted 10 by farmers who are in possession OF gooo
ssssses on which mortgages can be taken, aao VINO
are on fancy themselves 10 be sadly pressed 1or
money and who, like the rest Of the borro wers pay
q pYemium OF from forty 10 fifty End even ssty per
cent TIE borrowers are nearly all sufferers Tor sne
lenders are Inc only capr iifts In me csoa.y WHOSE
rspaclty receives TO check from the existing laws
naalp 81 usuYy. They ustahy got up IN TINS way
Two or rbree capitalists des,e TO get an enorm9ns
rate OF for their none as Sans5is
means of subsissence ard starring cuen.
less attorney wants certain and preE'aoie Dusi,
ness; the irie put tnsis nes9s soss,asf s ,hs
respeetve purposes are ses wered 10 nicely by the
institution the thing iscasAy set adosI, ana these
Corporations become the mos enconsclonsoie
usuieTs In the community. The Law ailo VS. no CON-
petitors and they that IS the lending portion, make
a excellent speculation, while the borrowers pay at
least three tunes the ordinary legal rate OF interest
The great bulk OF tho borrowers, July nInetenans,
are not builders at al, but simply persons wanting
money, and having no other means oil obtaining H..
Such are Building Societies in Western Canada,
where they flourish with a luxurience proportioned
10 the number OF OF INDIVIDUALS daVeh OCCASIONALLY
70 pccaniary extremity
The Maine Liquor Law is becoming here SUD
isct of some little agitation, and nurnero peutons
will be presented TO the Legislature for It's adoption
The Engineer reports that the Northern Railroad
ID progressing Satisfactorily IL the antlc pa1ons OF
Mr. Seymour be reaWzed the Canada route Is des-
tined to be powerful competitor with their South
oYn neighbors for the passenger trafc TO the West
Il 10 estimated that passenger rom New Iofk Will
reach Macknaw, via Toronto, in 10 hours less, saw.
ing in fare between 80 and 81, and in distance 267
miles, than by tho American route. The distance
from New.York, by the Canada route, to Macklnaw,
will be 8is miles the distance from New York, via
Buffalo, being .0S3 miles. l observe that Mr.. Ed
win +. Johnston, OF NewYsrk, SAID to be an emit
nent engineer, in giving an opinion on the matter
predicts great success for the Canada route when
this limo shall be COMPLETED. c.