The Lake County star. [volume] (Chase, Mich.) 1873-current, 1874-10-22
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80 (nom the Bnfalo Commefciaf Adtertfser
The Great International Transports
ton Company, which was chartered by
the last Dominion Parliament, with a
capital of 100000, is beginning to
move. A glowing prospectus has been
Issued, and subscriptions to the stock are
being solicited in Canada, and the West.
The following extracts from the prospec-
tus shows what is contemplated.
"This association is established for the
purpose of combining the capital and
great commercial advantages Of, Canada
NTH the tapital md fiihaehte Of the
Western States of the United States
which may become interested in the
momement, and organizing system of
cheap f&iJhts fnf theapNn, z0bacco and
other products of the United States,
from the interior, by way of the great
natural highways to the seaboard, and
Britain andu94andanW yoeh1 Continent
of. Europe. BY means of such combi-
nation it is believed to be able to success
fully compete with the grain and other
products of the Baltic, Adriatic Black
Sea and the Levant, which have been
gradually driving the products of the
West out OF the market"
The scheme is in the interest of Mon
treal and the Canada railways and water
route, but the producing districts of the
West are expected to contribute largely
toward furnishing the necessary funds.
The design i Y c2pstrpct a fleet Of pro;
ChiNso, foHxmg III milwaukee,, fdAo,
and Detroit, in passing both ways. In
connection with these vessels ocean
steamers are to run from Montreal and
Quebec. 1t would seem that this was
undertaking enough for one company,
but the managers Of this Canadian en-
terprise were not of that opinion. In
addition to the steamers, fast freight
lines are to be organized to run trains
from Cincinnati, Louisville, st. Louis,
and other leading centers in the south
west to Montreal, and to connect with
| the propellors. at the lake ports. The
steamers. are to be used principally in
the grain traffic, and the fast freight
lines will endeavor to turn the cotton
and tobacco trades from Baltimore and
| New York to Montreal.
Much stress is laid on the fact that the
Welland Canal improvement will be
completed in about two years, when
large class vessels will be able to run
through the entire chain of lakes with
out interruption. The advantage of
Montreal as a receiving md shipping
port are also dwelt upon at length.
Whether the desired So, 100000 can be
raised remains to be seen, but it would
not be surprising if success attended
this part of the undertaking. The Ca
nadians will doubtless subscribe freely,
in the expectation of leading the COM
mercial people of the West to follow
their example. If any considerable
amount is raised in this way, the re-
mainder can be negotiated in London.
But to carry out the practical part OF
the project is quite another thing. II
the money is forthcoming, the vsssels
and cars may be obtained without troub-
lie, but to secure the necessary freight
to make the investment profitable is
where the difficulty will be experienced
The people of New York, however, will
do well toimitate the enterprise mani
tested by their Canadian competitors.
The latter are continually ,devising
means for attracting commerce down the
st. Lawrence, while the former remain
perfectly quiet, waiting for commerce to
thrust itself upon them. The superior
advantages which New York has enjoyed
i have caused trade to center there. But
of late rival routes, furnishing good ia
cilities, have been opened, and unless
New York shows more spirit than she
has displayed in the past, trade viii
gradually seek.other channels.