New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-12-01

10 needy Scottish peer an ee'e s'aeaman and QUO
Who pcsse.s.s great tact aud Judgment In tho severn
m,nt al .,,leulcs he may b. rgarloi ~ hochri Cor
,,,,,, thc Governor teneraehir ol nda ~ Tho N,crc.
,nn,hip At the Volcnicp In The meantime Col
Rowan administers the government In quiet way
OF rather the Cabinet Sdmnincr " IN his nanc. Ac''
eo,dirg to ecncra. accepted theory here, our 0ov.
clnoFs ate nctCN passive oficialH' The, simply ac'
nyon che advice az their ministeu To attempt To
uic would be voted piece of mcidceomcncea not to
be tolerated ina Governor, the business OF the GOV
c,nOr being ~ allow The people o. govern thcmS'''S
Rut although the Governor Ia popularity suppose
e. be passive instrument IN The hands a" '"o
minist, of the DAY, il hy no means follows that ne !"
n.t subject "a tho attacks OF the press Lord tds,n
must consider himself fortunate Indeed when ne rooo
that he has managed 20 leave with flying colors fro-
vince in which he was IN lS49 prisoner III ms ,aSc'
al Montreal. for several months VINO WIZ " wv
,l,hourh thc uawo Of Lord Harris has been mentioned
h; ,nn,rtiou with She toyornorship OF Canada. tia,
ho,,,yrr merely tho revival If old rumor aud ia
ntohall, lust as untrue as al any former period
Tor some months rast the tone OF Provincial politics
fss tecn choice sample Of systematic backguardism
The press is to the last dcgr,cc hccniious It's style,
fpc aud temper aud, above all, its treatment OF the
private character Of public men would disgrace
horde 1T sSvagcs Upon the most frivolous PreteXts.
aud often without any precxt at ALL some member oil
the Provincial Cabinet is every day accused. without
the least shadow of proof of crimes which 1t true
ought 10 lead 10 his impeachment for high treason
Ore DAY il is announced that minister has bo,n brbcd
10 the tune of 100000 10y the Grand Trunk Railway
C,mpsuy The solitary fact offered in support OF the
accusation is that the first allotment oil the stock III
London that amount was placed in his name The
truth is there a nominal allotment oil the whole
stock 0 directors aud Others as often occurs III large
ard perhaps also, small undertakings The story was
carried so far that il was asserted that the whoie OIL
The amount was paid up and that the minister drew
Tie interest In all this there not word OF truth
If rogue If contractor desired to brDc minister,
no better than himself he would hardly record the
act in the stock books of railway company, So that
il MIGHT be seen BY all the world Another occasion OF
Kindred character which serves to show the morality
of the Canadian Press makes member OF our Cabinet
q partner in the Saul Ste. Marie Canal, from which
lie is 10 reap million dollars profit No denial no
disprcof Of these accusations is accepted by the attack
inc parties who make nothing of repeating the most
attrccous accusations after they have been reiuted In
tie most triumphant manner. Scarcely day passes
but some new charge is tTumpe1 up and passed round
as GOSPEL truth The public mind must become de-
bauchod to an alarming degree if their style OF newspa
per morality continues in fashion.
RumOrs have for some time been IN circulation OF an
intention on the part of the Government TO issue
$4,000 coo of Provincial debenture behalf of the
Grand Trunk Railway, The truth is it seems, that
q soc COO of such debentures are to be issued The
stockholders Of the Grand Trunk have three descrlp
tons of securities Ore half consists Of stock of the
company one fourth Of the cOmpanys bonds, and the
remaining fourth of bonds convertible into Cana
dian debontures on the completion of the road Twen-
ty per cent has been paid the portion of the
stock put into the market, and the amount
realized is f720Oi0 sterling The state of the money
market is sufficient TO raise fears that there might be
some delay in the payment of the remaining install
nents. To prevent this the Provincial debentures are
to lie issued For the payment of 40 per cent on their
shares the stockholders are to be entitled to exchange
their convertible bonds for Canadian debentures on
tier paying tie debentures up in full. The proceeds
are TO be nyested some kind of securities Onbehaf OF
the Province The Canadian Government will have pay
six per cent interest the debentdres II puts into the
market but il will not be possible TO invest the pro-
ceods in any such profitable securites The difference
in the rate Ofnterest and receivable by the Gov
eminent will be paid by the Grand Trunk Railroad Com
pany BY this the success of this great scheme
in which Sl5 000,000 capital is embarked is to be In
sured against the dscouragements OF the depressed
condition Of the money market
Tie monetary crisis has not injuriOusy affected this
Province. The last harvest was abundant and the
augmentation in the price of wheat alone will put an
additional S35C00C0 into the pockets of our farmers
We shall be able to export this year 100000 bushels
of wheat and mark this fact. SHALL at the present
rate of increase export much wheat as the whole
United States will in 1867. We more than double our
exports Of wheat every four years i may some day
prove 10 the readers Of The Tribune that Upper
Canada is destined to be tie greatest wheat producing
region on this continent
Intelligence from Quebec tonight is received by tel
egraph that the river is full Of ice The Montreal had
q hole stove in her b. the ice Recourse was had to
blankets to stop the hole The passengers saved
taro yesterday We have heard of no damages Twen-
ty vessels came to this port for shelter. LC.