New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-11-23
CANADA.
ADJOURNMENT OF THE LEGISLATURE
GRAND TRUNK RAILWAY.


QUEBEC, Thursday, Nov. l6, 1851.
! According to present appearances, the Legislature
will adjourn till February, at the close Of next week.
There is one, and only precedent, for a long ad
journment, ike that proposed: it took place in the
winter of 1852. There are two why it will
take place on the present occasion: very general
| desire on the part of members for an adjournment,
and the fact that the Government. since i! formed,
has had no opportunity TO give much consideration
TO the questions which, ur der system, they
expected and required to initiate legislative action.
Many of the Upper Canada members are from 700 TO
goo miles from home and most of them have some
bu siness there which demands their attention. SO
strong is the desire of large number of them to go
home that would be impossible. lift were attempted
10 keep the House together.
Lord Egins stay has been protrac,ed longer than
expected; and the probability is that he will
main 10 give the royal assent 10 the Clergy Reserves
and SeignoIial Tenure bills. There can be little
coubt that he has a certain ambition TO see these
measures through before he leaves. He will most
likely leave on the 9Th, by the Portland Railroad;
and ia not improbable that he will visit Washington
before he takes his FINAL departure from America to
England. On that day, the Quebec and Richmond
Railroad will be opened for traffic.
B. yond the Seignoral Tenure abolition, the Clergy
Reserves SeculerzatiOn and the Reciprocity bills, not
much will be done before the adjournment. The
car tal Of the banks will be extended about 900 0O0
and the Grand Trunk Railway Company will get some
additional legislation. Rich are the contractors OF
this Company, there can be doubt that they feel
severely the pressure of the times, and, in fact seek
a measure Of relief from this Legislature. The orgi-
nal barggiu with this Company that tie Province
were 20 give a guarantee OF E3 600 sterling per mile
for the whole distance Of the ne from Tros Pitoles,
leo miles east OF Quebec, 10 Toronto. in Upper Can
ada. The total amount Of the Provincial liability on
account Of this guaaGtee will amount 70 II sl 900
10 be ifsued 10 Government cebeniures, the work
PROGRESSED at the rate Of $40 70 every tlOO Of work
done. This guarantee does lot apply IN the Victoria
Bridge, al Montreal which is 10 cost 81 500 600
10 the section OF line from Toronto 20 Sarni4. That
was the original arrangement, and it Is proposed
10 spread the guarantee over the whole extern Of the
work without increasing ito amount. The effect will
be that Tor the work done on the Victoria Bridge end
the section west OF Toronto, the Company vii
at once become entitled 10 forty per cent Of Govern
neut debentuIes; an arrangement III It will a. once
give them some 100000 Of Provincial debentures
10 which they would not otherwise be entitled iii
after the WORK very far adyanc on those soc.
cfc portions Of the line 10 which the guarantee was
Gi fret confined The further measure Of relief which
the BIZ affords 10 the contractors is that tmpJ gsny
the Governor and Council TO extend if they zee
proper, the time for completing the ST Thomas 40
miles tast OF Quebec and rrois Pi.,oles, and the
StIstord and Sarnia sections of the line till the
year leo The objections 10 altering the Gov.
eminent guarantee; In the way proposed, are pre-
diceted upon the fact that the effect would be- IN
exhaust tie amount OF the euarautee before all
the line i completed-to swallow up large portion
OF II IN the Victoria bridge, which would Otherwise
apply TO Upper Canada sections of the line. Those
who tsEe this ground contend that the result will De.
that when The amount of the Provincial guarantee i
exhausted, the Company will demand a further ,un
from The public treasury 10 enable them IN comolete
the portions Of the line which lie between Brockye
and Toronto ard Stafford and Sana. There il no
eopot however that the bill will cary. Indeed the
faith OF the Government was pledged 70 the Connsng
to make these alterations by Mr. Hncks. before tbe
tie Government was defeGIed. correspondence m
that effect was laid before the House by him
The other night, when he bill was under dis
course arises out of The unfavOrable condition n
the money market Induced by the E,stsrn
war. The pressure felt in = peculiar degree bV
tie contractors III consequence Of very large por