New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-03-11
The ultra abolitlonsts have prayed 90 long and 90
IDENTIFY but hitherto 80 yanly.
THE GRAND TRUNK RAILWAY


scheme embraces at present fourteen husdrsd and
twenty miles of railroad par OF which N nowiu
operation the remainder under contract and part Of
this already sub-let and in process OF construction
Since the scheme was formed, whics st hrst consem-
plated according to the prospectus, only eleven hua-
bred and twelve miles many miles have been added,
and there are yet several roads asking 70 BIZ included Ia
the design. Thus appearances favor the deSfhas there
vii be but Railway Corporation in CANADA for the
charter of the Grand Trunk permits it to incorporate
within itself by purchase any road which irsersects
IT, throughout its immense length.
The location of the upper portion OF the road is IN
settled and great variety of negotiations are in pro-
Cress concerning it, The line as defined by the pros
pectus of the Company, however, has its commence
ment or upper end at Sarnia at the southern outlet
ofLake Huron Thence il extends to Toronto distance
of l72 miles from Toronto il follows the north shore
ofthe AXE and the St Lawrence through Belevleand
Kingston TO Montreal, 3i5 miles AT Belevile, about
80 miles above Kingston this line is nerected by avery
long branch coming down from Penetangushne, on the
Georgian Bay through Peterborough, about lio niles
At Montreal the road is to cross the ST. Lawrence upon
magnificent tubular iron bridge, costing some ST.
SEQ coo mile and quarter in length including the
solid embankments at the ends two miles This bridge
will be unequaled among the great works of the world
It will have in the center an elevation Of 100 feet above
the channel which is attained by en- easy grade Ca.
each side Twenty-Five massive piers, with spaces Of
$50 feet between them support the structure and the
most skiuful arrangements are made to protect it
against the ice which in the spring crashing aud
piling down the river with awful power IL was first
proposed to build the bridge ofwOod but that plan has
III, tNlt h.
standing the vast additional expense Having crossed
the river the road follows the line of the st. Law
renee and Atlantic Railroad now owned by the Grand
Trunk Company, to Richmond where it DIVORCES,
one branch continuing on to Portland, while the other
turning toward the river, touches 1t at New'Lyer-
pool, opposite Quebec and then follows its course
to Trois PstOes. at the mouth of the ST. Lawrence
a distance of 1853 miles below Quebec. Tho ST.
Lawrence aud Atlantic Road from Montreal to Fort
land has been open throughout its length for nearly
year The road from Quebec to Richmond is nearly
ready for the iron The section from Toronto to Sarna
is contracted to be built Immediately aud onehaf this
distance from Toronto to Sraord has been construct
ing during the past season.
The capital stock of this Company is about ten mil
liens of pounds sterling or about SiSOOO,OOO. Ofths
sum 81 600 reserved to pay for works already
built or contracted for by other companies Half the
remainder issued shares of stock of eos sterling
each-but only Onehaf of this amount is to be issued
a, present the contractors having agreed to take the
other half although they have engaged to give the
shareholders the chance to take up twothes OF this
mOiety on or Before the first of July, 1854 About
one quarter of the 37 is issued in debentures
of the Company payable in 25 years, and convertible
into shares before January L. 1863 The remaining
quarter is in debenures convertible into Bonds Of the
Provincial Government, payable in 90 years, with in-
teTest at six per cent.
In order TO assist the Company in raising stock the
Provincial Government makes to it q loan OF flD,5w
sterling upon every 100000 Of paidup stock the road
being pledged as security SO much difficulty ex-
perenced in obtaining subscriptions that the Govern
ment has anticipated little, and has issued c3OOOOoO
Of its debenUres, the Company guaranteeing to pay
the interest upon them until the completion Of the
road Now every stakeholder, upon the payment Of
four instruments of ten per cent, is entitled to pur
chase one of these bonds for GlOO for each share
which be owns thus nsurng to himself at least three
per cent upon his investment until the completion Of
the road 1t is said that the stock is nearly all sub
scribed for. and one would suppose that it mightbe
if EDglisbmen can believe the prospectus. For in
llhL UOcuUltlL ny tho inVSb PoiiO~'
array of facts and figures the absolute mpossiby OF
the roads paying less than eleven aud half per cent
from the moment of its completion.
The contractors for this work the great English
firm of Peto, Brassey, Belts, Jackson 81 Co., who
build the road, stations machine shops, cars, and
engines pay for the land damages and engineering and
in fact take upon then selves every part Of the con-
struction and completion Of the work. They receive
for their services $4,000 sterling per mile, for the
whole work except the bridge at Montreal, which is
separate contract The construction and engineer
ing of the road under the superintendent Of
Alexander Mckenzie Ross, Esq, Of England, Chief
Engineer, and Samuel Keefer Esq, Of Montreal.
Assistant Engineer who are the sole engineers en-
pOyed by the Company, the rest Of the immense staff
required being paid by the contractors but subject 10
the direction Of the engineers Of the Company That
the whole work is proceeding with vgor there is no
doubt. The draft upon the COmpanys bankers In
London for construction account during the month Of
January 100000 sterling. If the war in Europe
does lot interfere, doubt the greater portion of the
projected railway will be completed in short time
as is possible for so great an enterprise.
We have already made one apology TO the Assembly
Of Camden and Amboy and now haze 10 make another.
palvfro IN tia sfafemopts NJ q TOO eanou;pa onrras