The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-05-08

QUmpc April 80, 1888.
Aa 10 Incorporate the Liverpool and Quebec Steamboat Ohm
pany-Refusa of Charter in England attributed to the
Jealousy Of The Collins Lire-Reducion Of Freight and
Insurance via the 81. Latorence-The Currency Blu
debate occurred in the House Of Assembly Thurs
day. the second reading Of bill TO incorporate the
Canadian Steam Navigation Company OF which, as it
must interest the New York shipping interests and
particularly the Collins line company, forward
sketch.
1t viii be recollected that last autumn the Canadian
government entered into contract with parties Eng
land to line Of propellers every fortnight from
Liverpool Quebec and Montreal to rendezvous at Port
land during the winter months, from which the railroad
to Montreal nearly complete and with which they
connect during that season Of the Those parties
applied to the British Parliament subsequently for
act OF incorporation, which was eventually refused al
though there was probability of obtaining it until Mr.
Brown, the agent of the Collins line at Liverpool,
erted his influence to prevent it, owing, stated
during the discussion to the fact that the object Of the
f21 from England and f2O on the return voyage and
to produce corresponding reduction of freight and in
and to effect insurance on cargoes to be shipped
in their vessels
The bill had been referred to the standing committee
on bills and WAS reported back favorebly but was op
posed this stage Of the proceedings by of the
bers for Quebec, himself large shipowner and ship
builder the ground that it afforded protection to
the public this side of the Atantic-that it author
lied the company to engage in what not their egt
mate business that Of insurance. and that although
the capital not to exceed Ave millions of dollars
compelled to have any capital whatever.
commended by the advocates Of the act Of incor
poraton that the only why feghts not taken
from Quebec to Liverpool cheaply from New York.
the high rate Of insurance that charged it being with
reference to the latter port only one and half per cent
while in relation to Quebec 1t less than four and
has sometimes risen to ten and twelve which Is very pro-
badly owing to the bad description Of vessels sent out for
cargoes OF lumber The voyage via the St. Lawrence, 1t
was asserted is shorter than from New York to Liver
pool and proof that the danger attending the former
navigation has been overraed it was stated that the
Messrs VII never ad
lost two out of hundred and fifty which they had dis
patched One of the objects Of the BILL therefore, it
pretended is to enable the company to effect insurance
goods shipped in their vessels at reduced rate
was remarked by Mr. Merritt that barrel of -four
costs to convey to York and that il the freghts
are lowered $500, 600 would be saved annually by Ca
NADIA in tolls that are paid on the American canals and
it ought to possess 1t also intended he said, that
the company should build vessels here to carry emil
grants to the Western country, who might arrive in
their steamers and which it in contemplation to
weekly instead Of once fortnight.
1t reiterated all hands that the failure by the
company to obtain act Of incorporation in Engand
caused by the interference Of that of the Collins
line through their influential agent at Liverpool already
alluded and the refusal Of Parliament to grant had
ceatsd much surprise and ill feeling in that country
This it commended, afforded additional why
pany that protection which they had been unable to OBJ
tain In the mother country which idea favoraby
the public should also be protected by adequate
amount Of capital being paid in.
The Inspector General admitted that the ought
to possess sufficient capital to enable them to purchase
yesselshat which Is expected during the present month
being hired seamer-and that large amount ought to
be paid up within . short period From what he knew
Of the parties who applying for the act OF nc0rpo
ration he had no hesitation in saying they men Of
wealth and respectablity. Mr. Brown, who had been
prominent in the opposition to their obtaining It in Eng
land he sad well known the agent Of the Collins
line Of steamers and who had exerted himself most siren
uousy to effect its rejection. He should object to the
company having other vessels than steamers, they
might thus be enabled to compete unfairly with the ship
ping interests of the province.
William Lyon Mackenxie-wihout whose presence the
Houte would be dull and prosy the Legislative
CouEcil-with view of making hit at the Inspector
General attributed the entire pan which he designated
sort Of hocuspocus TO the government But it evident
that they had nothing to do with It, although favoraby
and malicious and having for its object to injure him
with the people the country. which, he said, Mr..
Mackenzie never failed in attempting when he had the
opportunity.
The bill was referred back to the standing committee
the purpose of having proper guards and restrictions
it will undoubtedly pass
Yesterday the Currency bill taken up in commit
tee Of the whole house, when Mr. Hincks introduced
amendments having for their object TO provide that de-
nominations Of money shall be pounds dollars shillings
pence, cents and mills, and that the pound currency
shall be equivalent to 1O grains and 321 thousandths of
grain; the of the coin TO be struck to be deter
mined by the Queen and the pound sterling to be equal
to 81 As I'D four dollars eighty six cents, and two
thirds Of cent for which the British sovereigns shall
be legal tender for that pum
tend copy of very important resolutions
which will be submitted to the House Tuesday by the
Attorney General, and IL will be government mea.
sure they ~ill undoubtedly be carried and law
bodyng them will subsequently be introduced and passed
| before the close Of the session. w.