The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-11-13


Judge Grofton Uniscke is dead, and was buried
Yesterday; it was him that condemned the Amer-
can fishing schooner Nabby, In 1918, out OF which
sprang the convention of that year de was line
old gentleman, of considerable natural and acquired
abilities. and was universally respected
Her Msjesty's steamship Devastation arrived
on Friday. IL is supposed that a court of inquiry
win be held at once on the conduct Of Capt Camp
bell, for his detention of the Nova Scotis fishing
vessels.
road.
SYNOPSIS OF AN AGREEMENT
Made and entered into this twenty -ninth day Of
September, in the year OF our Lord one thousand
eight hundred and fifty two between the " Euro
pean and North American Railway Company" of
the first part and William jackson, Of Birkenhead
and London, Samuel Morton Peto, Thomas Brasssy,
and Edward Ledd Belts, all of London, in Great
Britain, Esquires, of the second part Whereas the
said European and North American Railway Com
psny have been incorporated and duly organized tor
the purpose of making. constructing, and finally
completing railway from the eastern boundary of
this province OF New Brunswick, in the county Of
Westmorland, as best to connect with rail-
way to be constructed from the city of Bangor,
eastern part Of the State of Maine, the directors
Of the said company, in the exercise of their best
judgment and discretion shall deem most favorable
and best calculated to promote the public conve-
nience, and carry into effect the intentions and pur
poses of the act of Incorporation; and such branch
railways TO every any part Of the province the
said company may deem expedient: such lines and
branch lines being subject, nevertheless, to the APP
prevail Of his Excelloncy the Lieutenant Governor,
administrator Of the government for the time be-
ing, in council: And whereas it has been deter
mined, subject to the provisions and conditions here
inafter expressed, Immediately to commence the
said work, and TO construct and equip that portion
of the said road extending from the river St. john at
the Falls, not including the bridge the same, to
Shediac, and from some place at near the Bend Of
the Petitcodiac to the Nova Scotia boundary, com.
pleting, in the first place. the line between Shediac
and the Bend of the Petitcodiac: And whereas the
said parties hereto of the second part have agreed
to construct such portion of said way at and after
the rate OF six thouaand i've hundred pounds ster-
ling per mile, upon the terms, conditions, and sti-
pulations hereinafter set forth: And whereas. for
the purpose Of facilitating the construction Of the
said road, the government of this province have
agreed to take stock in the said company to the
tent Of two hundred and fifty Thousand pounds ster-
ling, payable in provincial debentures, to be issued
and payable at the end of twenty years, with nte-
rest at the rae Of six pounds per centum per annun
payable half yearly in London, aud subject to the
sanction Of tie legislature hereafter to be obtained
TO loan to the said company to the extent of two
hundred and twelve thousand pounds sterling in de-
bentures, to be issued in the like FORM with princi-
pal ano interest, payable in like manner in all re-
spects IS the said stock debentures are to be pay
able repayment of the said last mentioned deben-
lures and interest being secured to the said
government by, mortgage or first charge
on the said railway such debsntures shall
issue, in the manner and according to the
terms Of an act TO be passed by the legis'a-
ture for that plrpose, BY which il is con tempated
to make the said loan debentures and the interest
thereon accruing, primary charge the said rail-
way, It's stations, station houses, and rolling stock,
as the same may be made and completed, and while
in the course of constructions And whereas the said
parties hereto of the second part, have agreed to
take stock in the said company to the extent of
seven hundred pounds sterling per mile: And
whereas the estimated length Of that part of the
railway about to be forthwith constructed, is from
st John to Shediac, one hundred and seven miles,
and from the point of departure or near the Bend
Of the Petiscodiac to the Nova Scotia boundary,
thrty-seven miles, estimated in all about one hun
dred ard forty four miles, the expense of construct.
ing, finishing, and furnishing which, at the rate
aforesaid, viii amount to nine hundred and thirty
six thousand pounds sterling. or whereabouts, ac-
cordiDg to the exact length Of the line.
The said Jackson and partners agrec to build,
construct, and equip, FIRST class single track rail
way of five feet six inches guage, from the Falls OF
the ST. John to Shedsc, on the gulf shore, and from
the Bend OF the Pettcedlae to ae boundary of Nova
Scotia tho whole road to be delivered ready for
traffic on the LIST July, 1857
The company to pay &c 800 per mile by install
ments Of ELS coo. as soon as the engineer certies
that work has been done to the value of 100000
the GiS, OOO to be made up follows: % per cent
In provincial deoentures Issued for stock; % per
cent IN government debentures, issued as loan 10
per cens 10 stock certificates 8nd 43 per cent in the
bonds of the company. The Gl0 coo which will
remain over TO be paid on the entire completion of
the work.
Inc company Is 10 proyIde all LANDS required
This agreement is based on the assumption that
the price Of iron in Britain viii continue to be 6
los per tom if it uciuates, the contract price is to
vary in proportion.
The railroad is to be elevated above the surface
Of the ground so as TO facilitate the removal of the
snow.
TIE western portion Of the European and North
American line, from ST John to the N ane from tier,
TO be surveyed and built as room as possible by
the same parties at corresponding rates; aud the
same rates. Cor as nearly the same rates "a possbe)
to apply TO the branch lines to Fredericton and
Niramichi
All profits arising from portions Of the road arc to
60 to the company
All dsputes are TO be settled BY arhiAration