New-York daily tribune., 1858-12-30

,...r,I, bon,r,d by a somewhat novel series OF eS-
b;b.;on,-they have actually been - stamped" by
l;rsJord. While Senstor Douglas has been ad-
DIRE. s,ps the public IN the West and South, Lord
Rurx hss been f,ing sbout at the North, making
,pa-chss in Halifax, st. John, toronto ana Vue-
be. whether with the same amount OF damage 10
p. stock of clothing We have not yet heard Is Is
to he boped that his Lordship's wardrobe mas not
sr,r rcd 70 toe same extent as that OF Mr. Dougar
AID ,hs, no shirts belonging to other people nave
been found in bis portmanlea1.
TIE Little Gisp,s' motives are transparent
sroues. Whist Lord BUY is about, is pernsps'
pt quite so clear to the outside baroariabs on 'hls
side If the line. That he bas an ak to grind, and,
n. rbsp.. couple Of them will, however, be suti'
ci,n,l, clear 10 the Cansdisns and Blue Noses by
and bye. Some spectators in England have got
up two Joint. Stock CompanIes-one whch pro-
rose. 10 run q lice of steamers from 'ai"ay "
North America, aLd another which wolii nAe u
spend come ',0C0,0 600 sterling IN the cops'fuc'on
.t a railroad from Halifax to Quebec. The promo
t.rs Of the.e schemes are very anxious 10 secure
large subsidies from the British and Colonial Gov
euts, srd, knowing how attractive titles are
to simple people. here they are scarce, tney nave
rejected Lord Bury their sgent TO canvass NORM
America, and secure amidst the furor and excite
mt created BY the presence if not the eoluence,
&C so novel missionary, the subsidies aforesaid
On bis way Westward his Lordship caliei hrst
at Newfoundland, ard Newfoundland, being Isolated
far out in the ocean, struck bargain, and wisely
ag,e.d 10 give round SUN Ia sod cash Tor tne ao'
yantages TO be derived from connection with the
rect Of the world. Nova Scotia, secure IN the
regular visits of the Cunard steamers, and getting
all TIE news by telegraph, We presume VIII be wise
enough to give nothing. New-Brunswics, lyiog
beh,nd Nova Scotia, with her principal seaport far
up the Bay. ard on. Of any profitable track which
the Galway vessels can take will not give more.
Canada has her ow line of steamers from Montreal
to Liverpool, through the Straits of Bellelsle to
subsidlze, ard Lord BDry Will find, or We are much
mistaken. thai the Canadians are " not the men for
Galway" The amount of cash to be secured by
the steamboat agency will certainly not exceed the
contribution to be paid BY Newfoundland.
The Railroad operation is a somewhat more Sc
rious and elaborate affair. Some years sgoa scheme
of railroad construction was arranged, By which
the Provinces sgrect to grant f6O co sterling per
annum for tsenty years, and any quantity Of Wild
lsnos to make railroad rom Halifax to Quebec,
provided her Msjesv's Government would give an
equal sum- TIE British Ministers, after encour-
sgIg the Provinces to e1pend Glo,OoO in making
q survey refused t. give sh.li'-o A-''ho' ''u'"o
-os subsequently arranged by which the Provinces
assumed all the iisk of building not only the inter-
colonial hbe to the st. Lawrence but shore line,
branching off to Portland, also. The Imperial
Government was expected TO contribute nothing,
but AS asked to guarantee the Provincial Bonds,
so that the money might be borrowed at q per
cert, and the cost of there great public works be
r. duced by nearly one half. The sapent statesmen
Of England refused to give this guaranty, and the
Provinces set to work to build their own roads with
their own resources.
Canada contracted with some English Members
Of Parliament. who promised that the shareholders
Of the Grand Trunk Company, which they formed,
should divide eleven per cent and tina. the Cana
can Government, if they would only advance about
million or so of bonds would never be called
gage on the Road. Both parties swallowed the
bait, and both were sold" How many people
were bought has never been accurately estimited;
but if The London Times desires to investigate the
records Of legislative corruption on this continent
perhaps it might gather few pregnant illustration
iroui the passage of Grand Trunk subsidy bills
through the Canadian Parliament.
of osubl Ar
psre ut to al the world The shareholders Of the
Grapc Trunk, WHO were to divide eleven per cent,
have never received sixpence. Their stock has
been selling at discount Of so per cent, and, but
for the immense sacrifices made BY the Canadian
Govern ment, would not sell for as much as that of
IT.. Vermont Central which, we believe, is worth
nothing. Session afer session has the Parliament
Of Canada been importuDed to step in and save
this Company from ruin. They have yielded time
and sgaln. Whether the sciences Of "log. rolling"
lobby ing" aud other que stio nable means, a. which
tie gorge Of The London Times rises so high, were
ever employed at Toronto or Quebec, We do not
presume to conjecture; but the fact is apparent
that while the advances to the Company have risen
to f3 600 coo sterling, Sl5 900 900, the security
which the Province holds upon the property has
been changed from frat to second or third
mortgage.
The Grand Trunk line has been extended about
one hundred miles down the ST. Lawrence, below
Quebec. 1t runs through some villages of French
hdbitans, who rarely travel, except in their
calashes or sleighs, and does not pay working ex-
penses. If We are credibly informed, the trains
scmetimes carry a single passenger. OF the four
hundred miles which extend from the River du
Loup, more than three hundred run through vii
derne.s. The difficulties Of this section were FORE