The Providence news. (Providence [R.I.]) 1891-1906, 1893-04-08
NEW england COIN
Invested in Big Coal Fields In the
Dominion OF Canada,
A RAILROAD TO Be BUILT
And n New Steamship Line To be Estab-
Iished--A Big Fight Expected Before
the Bin Passes the Dominion Par
Parliament.

HALIFAX, April SIN the legislative
council a bill was introduced to incorpor-
ate the Boston and Nova Scotia Railway and
Coal company. 1t had its first reading
and was sent TO committee for consider
alton.
The Boston and Nova Scotia company is
similar to the Dominion Coal company,
Dnd is composed almost entirely of Boston
and New England capitalists.
The matter was kept in the dark until
the introduction of the bill, and even now
those In charge of IL here very reluctantly
give any information concerning the
scheme.
The new company has acquired valuable
coal deposits in Inverness county, Cape
Breton island, known as the Broad Cove
mites. On account of poor shipping facil-
tiles very little work has been done at these
mines, and the new company quietly
bought up the property for
A Comparatively Small Figure.
The Dominion government has voted
subsidy of $50 900 for the building of the
road to Broad Cove, and the government
of Nova Scotia has offered a subsidy of 5000
per mile for the same work. This road will
tap the government road at Orangedale.
Four charters have already been granted
for company which undertook to build
this road but so far nothing has been done.
The Boston & Nova Scotia Company's
representatives say that their company
will at once begin active operations at the
mines, and also start on the construction
of the road as soon as the bill passes the
legislature. They will improve the ship
ping facilities of Broad Cove barber and
Establish Line Of Steamers
between that port and Boston, and expect
to dispose of more than one-half their out
put in New England, the balance TO go to
Montreal. Broad Cove coal is said to be
superior steam coal. The areas are ex-
tensive and the seams heavy.
The bill will not pass the Legislature
without a big fight. The Inverness and
Richmond company, who have a charter
to build the road and who also own some
coal areas, are already in the field in oppo-
sition to the Boston company.
The mines acquired by the new syndicate
are superior and more extensive than those
of the Whitney syndicate. They embrace
the Chimney Corner mine, with 50,000,0o0
tons unworked; the new Campbelltown
with 10000, 900; the Port Hood areas wit,
10000, 900; the river inhabitants mine with
ttIQ OlnctS VI lt>Stt ilpUTthHCt.
The Whitney syndicate's areas only cover
10000, 900.
The country through which the railway
will run is the finest agricultural district
IN Cape Breton and the railway itself will
likely
Prove Paying investments.
Should the new company succeed in get
ting its bill through parliament it will
control the greatest enterprise In Nova
Scotia. What they are afraid of now is
the opposition of the Rochmont and In
verness company, which has many friends
in the Legislature, and which is composed
almost entirely of Canadians.
Already the cry Is being raised that the
Americans are gobbiing up the whole
country. The bill was introduced in the
upper house in order to keep it as quiet as
possible. The leader of the opposition,
who opposed the Whitney syndicate so Bit
terly, Is fortifying for general onslaught