New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-12-26

From CEs CgL IsIIf7r o1dc1r
ToaoNTo Tuesday, Dee 81, ISIS.
TIE central section Of the Great Western RlA"sy,
from Hau lion 10 Ioudon, has just been opened rs
eos,cIn terminus s ~ Qdeenston, the section between
that place and Hamilton having been opened some
months ar0 THIS road when COMPLETED W.ii i1-m
..rk in tie tra,e. from Newly ork 70 the West ~ tis
road Tie distance 20 the ar West VIII he ab0G' a. short
as by any otter line. considerable proportion ID t-e
stock IL held D. Americans and large. portion stl
held in London; the Government paid about hall the
cost and several municipal corporations along thc line
are ockhoiders. BesiJes is connection with She
United States 80 QueeBstan, Lania. and by branches
at other points. this road 10 10 form connection
with Oswego b. line al steamboats, irom hiMiiI'n 4
eud by uoeaRs approaching TIE intensity o! le lie
vur has for some the existed DetW tGc treat est
EN- md Grand Trunk Companies. The Gcea5 West
e. complained fret that It's ne ought 10y rght 20 form
psft AZ The Grand T0ua that it had been deprived Of
hi rightly the anagamationo u the Grand Trunk Win
n Toronto and IaIna line u also complained thAb
this latter line shou,d be extended west OF Guelph
which extension was characterised competition wt1
tie Great Western Inc On the other hand re Gcall
Trunk complained that was to encounter competition
from the Great Western line NJ boats from Hamilton
10 OsWeco Tie Directors OF the Great Western w1O
all reside in Canada became exceedingly belllgereat
audtl e. war upon the Great Trunk was Tor wnhe,
carried On without scTuple or remorse w step vas
lett untIed to inHict injury the grand Trunk and
and il possible under favor OF depression IN
tie money markets. 20 ruin the enterprise. The at
tempt failed however and the attacked recolcd on tn
Great Western. Some persons anticipate Junction
of the Two lines west OF Hamilton, but now tnis viii
be IL would be difficult to cay
Aremarkable trial is going in this city against
The MAYER The suit is brought IN Chtncey b. cer-
tam citizens Of the place who alege that g. Bo~es,
Mayor. made an improper use OF his position to pront
by the purchase Of certain cobonIres, issued 0y To-
city TO Story & Co., contractors or the southern
Railroad, in payment OF stock IN tnat road Inc
amount of the debentures waSS2J00i0. When they
lad been issued To the contractors, The latter were
anxious 10 turn them into cash. and the Mayor became
the purchaser at - per cent. discount which was
the current rate for city deb az that time
II is cOnteIded that the Mayor being trustee OF the
city had rbt 10 purchase city property bat 10 tact
these dcbcntures not city property bat city debts
The Mayor first proposed to make the purchase IN con
nectOn with person Of the name Of cotton, wl0se
evidence been taken in Chancery &c they dd not
knew how to effect the negotiation OF tue de-
bentures and resolved to call in the assistance Of
Mr Hncbs, who being Financial Minister -
cOnversant with these matters. la this way Br Hnch
was drawn into the matter and Oil agree 70 assist IN
tie negotiation. He obtained for this purpose letter
OF cEeCit from Clyua, HALIFAX y Co. and appears 10
have been remunerated for his services As to the
simple question Of the right of the Mayor, ia his
private capacity, merchant to purchase these de-
beuures the negative and affirmative sides have been
both stOutly maintained aud il seems the Chancellor
let Sip an opinion in the preliminary stages OF the IN
vestilatiOn that lie reason why Nh BOwas or
Nj Hncks should not purchase these deben;ures Bat
il is further charged that the Mayor used the influence
OF bis oical position TO profit BY the trans.ctoa but
this does not very clearly appear If this point could
b. proved be would be pat clearly in the wrong AMI
probably have to refund That the city actually los. by
tie MAYORS purchase of these debenures is not true
The city was bound to pay its debenures when they
should become due. 1t is true bill was pushed
through Parliament consolidating the city debt
which provided tor the immedire payment OF
these cehcntures which had yet nearly twenty
years to run. The for the premature payment
was that there had been some defect in the mole OF
fsuirg them which gave them character Of Illegally
Nj Hinckss evidence has not yet been taken, as It
VIII he BY commission, be being resident OF Lower
Csnads which j. cut Of tie jurisdiction OF the Upper
Canada Court At present. therefore, We have only
one side OF tie story but such facts have transpfed
during the trial are commented upon b. the Press ani
sometimes distorted if there no possibility Of
rctut,iug eyaeIce. The cones on again to-nor.
Tow. when it il expected that new evidence WI
turn up.
There is a rumOr that Lord Elgin VIII speedily r.
turn TO Canada. have reason 70 know that he viii
not return unless p.esed by the Aberdeen Cabinet to
resume bis poet te is most anxious 20 avoid even the
appearance Of asking proloDgaton OF hs Official con-
melton with this Prc.ince. l. C.