The Portland daily press., 1871-07-06
The Caughnawaga Ship Canal.

A meeting of the directors of the Caughna-
waga Ship Canal Company was held yesterday
afternoon, at the American Hotel. There
were present Hon. John Young Of Montreal.
President; Hon. JAS Skead of Ottawa, mem
Der of the Dominion Senate; Lawrence Barnes
of this city, Col. Franklin Fairbanks of ST.
Johnsbury, D. N. Skillings of Boston, and
Judge Foster of Canada.
The President after reading the minutes of
the last meeting, explained that the govern
ment of Canada had now consented to the
route of the canal from the St. Lawrence to
Lake Champlain, and had also consented to
the canal passing through the Indian lands at
Caughnawaga, 80 that nothing now stood in
the way of commencing the work, but the tax
ing up of the capital stock of the company.
This was begun at Ottawa, in Canada, last
week, when about 100000 was subscribed at
an impromptu meeting of the mill owners
there, but it is expected that stock to the
amount of $4,000 will be taken up. At the
meeting to-day it was resolved that
Whereas, The business men of Canada have sub
scribed literally to the stock of the Caughnawaga
connecting Lake Champlain with the st. Lawrence
by canal shonld be placed before the citizens of the
United States interested therein, it is
Resotved, That Messrs. Young, Skead, Skings
and Barnes be an executive committee TO take such
steps as they may deem necessary with the view that
the public may have the opportunity Of assisting in
the prosecution OF the work by subscribing to the
capital stock of the canal.
We understand that unless ground is broken
on the canal previous to June next, the liberal
charter obtained by the company from the Do
minion Parliament will expire, and immediate
steps will require TO be taken by the executive
committee to secure the stock. We have time
and again expressed our opinion as to the i'm
portance OF this great work for the interest not
only OF New England but of New York and
stion which will be more largely benefited
than that of Burlington. The idea of pro-
pelIer leaving Duluth on Lake Superior or
Chicago on Lake Michigan, and sailing direct
to Burlington with 1000 tons of cargo on
board, without breaking bulk, can be realized
by the construction of this canal into Lake
Champlain aud the enlareing of the Welland
Canal, which will be Immediately carried out
by the Canadian government. As the bust
ness men in Canada practically acquainted with
the Ottawa trade and with the large reduction
in cost OF freight of lumber which will result
from its construction, have shown their faith
in the work of subscribing to the stock. we
trust that Burlington and other towns of Yer
mon will subscribe literally when called upon
by the executive committee of the Directors.
i, Inc various railway companies are so direct
r. nsetrested 10 this new means OF transport to
not every aid will be given while Boston v i'll |
assume a position by this canal "a n shining |
port which she does not now nosSass end have
a power through her RAILWAYS CONNECTING at
. puinns.on ana other points on Lake Cham.
pain, OF competing successfully with Me- |
York for the trade of the East to the W v,ew
and from the West to the East-B,r,;mn ess,
Free Press. S'o"