Red Wing sentinel. [volume] (Red Wing, M.T. [i.e. Minn.]) 1855-1861, 1859-03-12
From the st. Paul Times
ada aid tiie Ss,$k,lt. hevan Valley.
he MfnittsotS buB1ftTiAilS7 w r :;

The Mfrsi,9setS pub1fg lW Iiil 6e irrst;6ed to
hear that the President of the Northwestern
Transportation: Navigation and Railway
Company Of Canada, Who has been in Eng
land i6'r die list two months, las ia red
London capitalists 70 take the Mole amount
Of thereapitl stock Of the company: ,.:a.5.rr
A letter. from q well known citizen, dated
February "a, at New York, mentions the
arrival two days before o: u prominent To-
ronto gentleman, bringing ti,ii, definite in.
telliyence diyectly :ffulh L.ondopl,
The naturean objects of this Canada Or.
sg:anization were accurately stated in = report
ol a Committee: presentedi by,J! JAW Knox,
Esq, 70, the Kedsdtiver, Navigation. Aiectiny.
held at st. Paul OF, the 22inid of JANUARY
- The officers :sanl Beard nf Directors are
cotSpo>%d'ef@l wepty.fiye;o Of. theslea,iins ci j.
ems Of Canada, some Of whom. are members
of Parliament, but 0 he reduced to. ten at: er
tn fist & Nerstf NEE ing: Of Stockholders -
rhceapitaI stoctsfor.trade,. tlanspos. a.;o..@n,l
improvement Of the" route; rs 6 lO,,t 90, or
S4W,O o. with power to increase the same
for the above purposes to f2Ot,0uW or So q,
co.; and f,l,th + power u increase FOR Rail
WY purposes, at the rate Of GE7*5N, G,r ey:fy
mite (aAer five; !. lies, } osrailway constructed
weStwa j from Lake Superior. -. ..''' :'''F1''
The object Of This cJli pady is, =
LIST. 10 construct theportagc roads be
tween Lake Superior and Red River, il, all
40 miles Q: wagon road, atan expense o.
Is 5EH; or Sl.E6JUO.. or:.;.s. .g4efs
= I'd. 10 place fopr'sqall tsamcrs .on, tn.
nayi:g,able reaches three Of them costing
say S6,'l each, ard one on on the lon,esi
reach Of l6O miles, in Rainy River and Lake
Of the Woods, costing ST., 900 III O. several
freight boats to be used as OCCASION might
rcquir;'r and cared boa s. for part of the
rotue not yet as.ertaine,i to be, fitted for a
steamer say in all 81, 40. besides y steam
boa, on Red Liver at Is, 5O) or ST.: On, to
run about $50 miles to the Rapids Of S;.s
katefieWan.; a portage road ut the rapids
S4,OOO and another steamboat at $14,UUU,
to run 100 miles in an air line up the S;,S.
katchewan in OthcF words. this company
PROPOSES to .spe: d $l2; ,eVO in building j
road to reach BED .':iyer, and $4,000 III
plsciny Stet,al,patS n and developing the
rivers be,'o,id ST. Paul, SIS, OOO'of which is
to,he directly employed for placing boats on
the'iseA and Saskatchewan rivers: MN t
Information had previously been received
that Sir A len MI Nab, and his associates had
becneassured IS the good vii, Of the Home
Government; nd now eearlyconsum,nA-
ton of t; foregoing stliei,iiy' IS Assured BY
the action of English capitalists. a:w III :,
The ':An>oq $orthrop", will have 60 nee
tions;, af st. :Xikcei,t,s With the. Winneueg
Steamer iiii aid fhe river Eals on til, ,S-
kat hewanl, Which tlie tt;sanfada Company pro-
pSooss' IL fur ish.. ''sDd 70 s'A9"o-.:s.' sEf
This intelligence sea,sees All doubt Of the
speedy organization ami settlemenEof the
rr.Ncnce of ?Saskaeehesvans with tho pro6a-
bility; rapidfv appr,,achng certainty, that the
Minnesota s. Pacific ,R,ilrs1ad viii Is reca1g7
NIGEL as Indispensable q he interests Of The
Canadian system Of railroads. 4, II = III