The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

Pi gmt run-“Sm l’u Cat! them c‘fv29gaves as : mm: Cu; venieut we 9 9m. 3 to Hn-g’avd to} n so fund» lhvrfl. but after a stay qt two; or three mrynllrs (lacy returned without' meeting ion/zany success As the seasoni was puns 11,: as a), and the directors wrre c ’9“ anxiOus to go nu with the wcrk, apâ€"' plic» ions «ere made to several ind: viduals‘ in thus 0!!! to tarnish money on the Cour. pan] ’sbnids. In I}: is we were again nn-l anew-9881311. Application was then made to the Bank of r Commerce, and af er some I t-i tie time went in negotiations, the Board of . v”-..- “Mr. Howlanda-A great deal has been said on the street, and by the press on the Inbject ofthese bonds, and I want to Show the shaxehol- ers (:f this Company the rear he’s of the Pas“. The sharelmldt'rs pruba b'y supmwed at the outset. that the banner-s received from the various sourcts would lay down the mad, and buy irun and rolling stock on that 890' inn of it beiween “'cNtOu and Arthur. Many 6?an had been made: by gvmlemen en mi: Bu: mi to raise man 5’ l in then cuum ry to complete «hat we had In monev “mutt?! in bonusw to finish. - But these (fort? were unsuamgful T hen, i Mr. Laidlaw and Mr. Godot) (the President of the Company.) had bee’t sent to Em? land to sell the Company’s bonds; as wiil be seen furth~r 0‘! they utterly faited in their mission. D win: their absenre. 5 mt in con- sequence of their t'ni’ure, the Directors in Torentn negociated a. loan of $250,000 Itith Messrs. Blaikie and Alexander. for which they gave $400,000 ofthe Company’s bonds, reserving the right of redeeming them in two years by paying back the$250.~ 000 {wr'loeper and interest for its use,the Btnk of Commerce agreed to advance. the money on the joint security of Messrs. Blaikie and Alexander, and of some of the 1 members of the Board? the Bank was to: receive six per cent inter-ea for the loan” and, as stated above, it was to he handed 1 over to the Company at. twelve per cent. At the meeting of the Company on the 12th of September, l870, this piece of con- i spicuously bti liant finant-iering came n)i ft-r Cttnstdet‘ation. In defence of the trans-f action. Mr. Huwhmd, one ofshe Directors, spoke as follows, (the report is taken from i the Toronto Tclegraph of the 13!: Sept! hat.) 6 t I . . . . a = tune 'ursuefl.” 1* *3 “'7 mm M may? of who value If the Sch; I ccrity nfl'med, il 1h? lmr d4 almady issmdi , , 1?": BOXDS 13 ,EAGLASD: under their chart”. and whiz-h hV law are: “ lnle the)?” preceding ”Eiders were CHINESE”? constituwd a. " firs? anti Prefere’v- } 01““le ofuplln..»rx thatllle financml arrange- ‘ig' claim on [he prupprw 013i”, Cnmnam’." l meet under Cutsrderauon was [be (silly one are at :1-h a trmnéndnm oiscmznt, bnw #53] l ’1”). cm”? made that wou.d enab.e .lhem you beficnred for your (lo-hentures (whmh’ to w"). 3'18 mall 39 Arthur, the Presudeut ahmfid he «:0th a Pwmium.) if they are! “.39 “1”me poTtlge ‘lhayi if n gvas aanc Iwallo'ved m: in shme unl‘nremen qnu‘srmirfll nmgd lhf‘y wrm d e attrc‘ at A" ur: Both in Aln‘filflldh 01‘ Luther? “'th Wi’l ‘hpl panics 110 (101A)! I'fc‘re right: Here 18 the proros-d Bond be worth? wizl it not heal P::E$1DE.\1‘3 STATLMEAT' well to pan-59 and consider? Des it zip-l Fe’ rm 3““ “1.3“” 9i": 113351“ alum: 3 mat-g film B‘mrd after my relurn from England, ‘ tor of so marl: importance to you and your; Messrs. Binikie 3; Alexander’s letteré wet-9 children? “M“ 300‘] tn W" can 5“ ac-l read, and a warm discussion ensurd. I said "compli‘hed ”J" “"5"! ”“8 h0mm "0w ?-- at once, that l cuufd not be a party to any Du m2: fur-get tlw Guelph rmne (:fi'evs SHEP- snch transaction: that I would wash my rirr l'acihfies md that p‘obably in as short; bands of the whole affair, and not assume a tune as the Toronto one, ewn if the mm 3 ' . . ' or share the remonsibility at all. My reaâ€" mw gangs-r» drsfil’ they promzse, u‘ll’lt’h they; sons fur doing so wereâ€"-F2rst. the bonds MW have dime y’t. l weve rm redeemable for two years, and, \\ hat but the chuice of markets at Guelph : second that fine sale stamped 3 low value “ The Chuirman-$t the first mfieting of chaser? the sneama of Navel from Mann“ on them nd afl‘erted their 8 dint! m the 3:16 A'ljala to set ‘ . that flirccfinu lmt with; mmawg. Since that, I novgr. our of any tor, instead M 10 ramptwn, their former l amended arrangement with the Bank until market. and one 1105 nearer Toronto 7- ;- this warning, when Mr. Howland said it. bad 1 What canned th».difi‘erence m pricelaet SPA-5 lwen agreed that the bonds euuld be rP-g son for Fall Whrat. as compared With the f deemed at any time by giving three month! 5 figure Oll'vreo‘l at. stations on the Northprn i “mil-e. When I attended the director’s? Rail“!!! 7~juet that compeliricm Which has l meeting af-er my return, I saw only the; mu’e Gm lph “but it is. a- d which the Wel- minutes of the first arrangement will) the l?“ 2" V‘. a“ V Ni} Dom-‘8 001111311! 81‘8 Pfew Bunk. I objected also that, at lhe end of pued '0 03.2? ’01). 3 two VERISWB [night nut he in a pOSllinn in l“..'-. (humor-r tun that this Bonus will cvipnle l awn} the-m. so that we shall be Sthk at you for mwnv 593m andundern impnssihlp, l Arllmr. If I had seen or heard of the ’f 50“ “WW! he (ll-“WWW ““1 in lb“ TW .5 supp'rmenlary arrangement. I don’t know 1'00") sclwme (and nmh‘ng 5“ ml)?“ likelx) : w/mt course Imig/zt have takwn.” “ hat but. the cimice of markets at Guam}: cansefl the sheama of irave‘ from Mum tad Adj‘da to set ‘ . that flirccfinu lmt win- tor, instead M to ramptwn, their former nudist. and 0M nah nearer Tut-mm 7â€"â€" What camed thadifl‘ermm m priceladt 892x- son for Fall What. as (‘mnparen With the figure ofl'Preo'! m. stations on the Northpm Rafimu 7~just that compeviricm which has an”? Gm lph “but it is. a- d which the We}- Iiv 2" n. a“ v amt} Deuce Gama-am: am nro- (Imam-r tub that this Bonus will cripn‘e you for mwnv years and under" impnssihlp, If you shtmid he disanpniI-ted in lb" TU- ronvo schpme (and nothÂ¥ng in morn likeh) for yrvn ug: in to make an effurt to Mac? yfiurselves in your true positinn bysubsi- (fixing a enmpanv able and wil‘ing to give you an out}?! to the markph of :he world. Yuma, very tnflv. To the Ekitar qf the Chronicle. Sn.â€" Apart from the exor’nitant bonus asked by the Nam-ow G m 'e Rafiway Company. it is important for the penple of Grey t. confiider the prospects of thkir obtaining the inlway, even 11' the bonus were granted. The proceedings of the mee'inz of the Nut row Gauge Pompanv, held in TorOntD on the 12th of September last, contain many instructive fants bearintzon this roint which are wnnhv of consideration. The prohlem with the Cnmnany at that time was how to r3530 sufficient funds to carry their road to Arthur, (2:. prublpm which is yet unsolved,) 'Al-d far'hFr, what scour?" do they offer; you that the; wiil mt. nszder the artfunys wwded amendment of thm’r charter, app'fl )‘Our monev on a part of the road no; con-f temnhted by mu at a”. The“ onPr vnn, I} fi‘licve, a bond, i.e , the Cnmpany's bond, in a mm mm] '0 the bonus, corsditxonbd' for the faithful exp»n{13'u'e 0 ymxr money. _’ 1- 1'- A.-- _ _ .. ’ n n s - - w-'\- VV ' com: Ian}, at their me'cv. " "V' 3 Following on the same side Mr. Mc- But the”, g, ”:9 waves! "am" to (93,; 312mm (also one ofthe Dz.ecto:s) said : that ewn if you Vote tbia bonus. vrrnr u‘MAS'n-zn's CREED. mam}. mac "M be ”my?“ 8" won "”5"" Mr A R \IcWastenâ€"“Ererihody in the you man not get a ravlwav at ail. Than 1"». ' ' ' ‘ ' . ; ~ 1'0l In mes that the I . - font” Cumpanv are nn'nrmugiv embarrassed; an w'u tr; com [£48031eu “cf ttbi' czar )“ “I?" Nttmpt fat ’11}!!! 3}"; first ”("50" “f p‘ y ' ' P -e U!) P!“ a )DO 88 i w ' . .- n . , thoir rai'way. Their work an! bnnds'amispeeddy as N same. It “as hr that pm. fearfu’iv, n’mnst m-‘nnuuv appropimpd; 8nd? ’I'OSS 1:3?“ delegaté’s had been ssmt 10 Eng- it is were doubrt‘u: if they'wiil he awe. with-f an ’. Lt. la: Mr. Howland hisd toMthe out assistant-e. m Cum“); to 9"" ”Wir first { 31189-41119, hey had returned .wnbout meet- . . ' 9" o . - a «mun». '3 hm: haw Y’l‘t wt nm‘npd 11 Sing'? 7 "'1 sumv 33' A contract for :run ha" been , , o .0 . ‘9 .- ' . N. ~ . - ‘ ' . 1m“) of tbmr ”He. and certainly have nnti :m-red lLtn Nth the AOLIddle works, and; C a - o o I‘ \‘h'! t H I ‘ . . ' ‘ i brought n m m: construction to any point : ”’an 3 a! a ready been rewind. 0" . . the return of the deiermxeq arranoemeuts 1k?! 1 f t I 2, 1 ’ ‘ o “i n 3 I 0 be 0 he eas ”flue to your; had be: u made for raising money through a 7'0an! . . . . C “'th Ilka :hvir tax-‘9 to 0»! row 0 a! personal mend of Mr. Gurdon, but theydxd D‘ -, , . ., ; 4 a ‘ m up? ' 9 mt meet with the approval of the Board, ’0“ m "0“ menu-mm that at ”Ch 3 § and had heenabaudoned. Messrs. Blaikie ositienlftheir emprmi a 1 hn ? 3 g . . P ‘ z key 8 ad .ue: : AÂ¥exander’.snegotxauons were consum- sn must-1' for the b: #133 n ‘ . « ’ ‘ f Grey? R‘m‘m‘ Imuted at that Mme, and the Board conâ€"l P,l"8!h ”I. 2" 9 . I - - b r y enr ”"1 ter th Y can d mandi szdcred ll desirabie and prudent. that what ~~ur Drbenmres within ' o - : I 811: w “‘8 after the they had done shonid be confimxed. as no) ' . ’ '0 . passing uf your Vv-..lw, mu} fl‘epn- anwq . . l I. o 4 ‘ ‘v '\I I n i z. ". ' '. l b “:1 mm H'em mm mm” at on”, ‘ that; 1 mar m p9 son could d ubt th; 3; means; ~ . h e mi. on he" 00’0W rl‘I.‘ “mm" ynn 5". t 3 Emma." 0:- no, 3“!) wiil : I? E) f-Eonuy. ..?:id 001:! beagaorrgtb to 0A1: i it!” at and .TOVide ‘1: ‘he a {Bea f '.{‘- ‘ It'll‘a ci- r! P p j' t 0 P” ‘ 13 Mr. Gordon’s atrmgemmts would 01)]? g I t j ' > A ._ _‘ . NARROW~GAUGE RAILWAY. â€" '1' But the“: is ”:9 mave‘st rpaann to {Par that even if you v: re 1135; bonus, vrtnr money mac not he at:p?ied an vnu dash-P- yoa man not get a raflwsy at a”. Th9 'l'o. yonm Companv are nmnrinuslv embarrasspd in thmr slump: 1.. luild :he fire: 98("300 of thoir raflway. Their work a”) bnnds'arP fearfuilv, a’mnst rn’nnusly daprorintpd; and} it. is ven doubtful if they win he awe. with out assistant-e. to commit t9 ewn thuir first amtjuu. Th9? haw m-t wâ€"t nrmned a singlp ; “mile ofr'beir Ring and certainly have nntf Egg-ought it in its construe-lion to any point. 5 Must, to be of the least service to your; County. 3 4 f on ye-nr Dumb). t' rm'strur't 3M4 lewav though yr u' Pow-23; (at in: ostimat.-d mm fer mils) mithnut a s-ng‘p dr-Har of share 'tnpiral bring rm in it by Toronto; and this '{Or 8 mad m be wmk'rd, not. in vour i: b r- tt, Ms: 2:: flat or Tmomo. If it 9* onld 1):» built, ynu will be fr’n-ver cc mreHed to 3“” your produce to Toronto buyets, 1nd be tom: left-fy at their mercy. Yuur rampayem are asked in matrihn'e I sum of mnvaey more than Shfficif‘rt (uith ite credit than thtse railway man my, got on yc-ur bunds). t ‘~ mrstrur-t thia Raflwav thtmgb yr 11* Cow-t}; (at 5:9 rstimatui mm per miIt») without a s'ng‘o dr-Har of share 'tapiral Ming mm in it by Tomnm; and this: '{Or a. mad '0 he Wnlk'rd- nm. ‘1; cm" L h - we in “mop m . . â€"-~â€".r-.~ vv vuv Luau IU 11‘ Ilium-8001110 De RUL-Perml! me a htfie uses for a few funnsned by the Bank, the condition being remarks on the very important Railway ”3‘“ iguana! “MTG“ 3' 13 per cent. 550““ topic now her ro- :he rat». a‘v- rs of a por- ‘ be yard for the the of the money, this inter- 139m of van!- Cuunty. I! win he most im- ,9!“ "0 be paid ha’f yearly. It “as then ”an". ",3; they .sfinnld see in ”,9 present found that :he hands could not he hypothe- gupmpr of Tmomn m spcure a bonus; that g outed, there must bea Sula This wulhen it 53 nut n.,w a war of gauges, or a 03,03", I the arrangement. That 1h” Directors of the Mtg-9.9.; TWP-rat" as a mat-3.9: an attains: : Company should issue $400,009 worth of flamjizm : b... that this 39h; mp has been -., hands to the Bank, the bands to be redeem~ running}; d V534] and arH'ul'y .pianned, un- : ahre in two wars; and 4.0? this $400,000- der 1339 9,9".an nf‘ the Phenpnpss or a M, ; we. that IS the commny, would receive ynw gauge road, to conflmttrato Hm "-389 "f? $259.00‘O in cash. ‘We looked at the mat- ghig [;f,rxh.w¢-§Vprn country in Toronto, and I wr cmefuhy an} we agreed to this arrange. T0303“) guys ; mew. We aunt-d in this way to ourselées ka‘nz eeIfi-h’? M vnur prnsont phsffinn ‘7 “”39"" WW" “'9 (”m m"? 0" the work “'d Editor of flu Chom'clo. Railways. â€"-A Word of Caution. fr um Bruce. [Auvm'nesuuxr] m 'In» ('om'm’r't. Yet, whn £553va wizb thP struggling settlers w mun-tips, ("mid stand qrfimlv mon no czuany imp-sad nnnn as of Grey wouId he were thFB 8" 9 {lmzansusx r.) SIGMA. H.- g‘ Mr. Gordon’ s arranrvemv-Ms would on!» I”, carry it to Uran feviNe and £7, 000 bad to bz‘ § put up, even before those arrauutmems 15’ 0 mid be completed With this, asi vaid ”below the Baud diffwred How themwas 1" mou: ey to De 'aised ? Ml. Howlnnd has (OH '15 you what has been done, and I 1991 jusnfied _,__,__ _.l A ruption). Mr. Laidlaw continued-- “We came hon e. What did we find 7 Did we find the road progressing .or things Making up ? No. We found on the minmrs that the directors, in our abSence, Lad sold $400,000 womb of bonds at 62; cents an the dollar ; that they had exchango ed' $400,000- for $250,000. That’s what. We found, and I tell you, gentlemen, that this company has entered on a terrible crisis.â€" This company is asked by four of its di. rectors to endOrse the sale of $400,000 at 623 cents per dollar. We had previously add Gouda-ham Wows five years’ bonds at 10 per cum, or at 83 cents per dellar. i “I mu-‘t tell you, gentlemen, that. when l we were in London we had letters of intro- ldnction from Sir Francis Hincks to Baring Bro-a. and to Glyn. Mills, Currie .E: Co.-- We waited on these gentlemen. They llnnked at us like pieces of an iceberg.- l(Laughter.) They Were very civil indeed, s about. the weather, but they d.d not like to task ahout bonds. We had also letters fmm Sir John A. Macdnnald. Sir John Rose and Mr. Alexander McKenzie, and I be- lieve they “ere of more we to us than Stl‘ lFratfits Hinelcs’. We then called on Mr. , Potter, chairman of the Grand Trunk Rail- ; way. He thon;ht he could manage mat- ' tars for us with Baring Bros., and get i money from them at 7 per cum, if we al- 3 loued him 3 .er ceot. commission on the ' p-ansactinn to aid him tn building a Union 1 Malian in Toronto. We agreed to thisâ€"i i We called again on Baring Bros. and also 1 on Glyn, Mihs lb Co. They are the men. gentlemen, who actually own the Grand Trunk. For that reason. I suppose, they blow cold on Canadian institutions. (Laugh- ter.) And they refused point blank to sup. port us. They were civil and obliging as usual, but handle nur bonds they would not. Just at this time Mr. Charles Douglas Fox receiwd aletter trom Toronto signed by the. Vice-President of the Toronto, Grey and Bruce Railway. Its cements took my breath away. It was evidently intended to blast my character. to ruin my mission, to ’2 -â€"-â€"- (Cries of "Read,” and great inter- A-“a‘ The Cumpauy which is reduced to such straits as this, 13. certainly, very urgently m need of a bonus from the County of Grey. and there is no wmdor that. it has been placed at an exorbitamly high figure. 1m; anns IN ESGLAXD. Mr. Lerdmw and Mr. Gordon, as alteady stared, went to Engtand for the purpose of selling the Company's bonds. and how they were met there 13 told by MrLaidlaw in his speech at the meeting. as folluws :-- “ Mr. Lai’eyâ€"Mr. Chairman, you oh- jec-ted to lurking up the $40000 womb of ban-’3. for the reaSUn that their Value wou'd be depreciated. Now, by the first propositiuu made, before your departure to England, to Messrs. G !Nlorham 81. Watts. re‘mive to reckiving $125,000 in cash, we had to give QZOSNOO Wurlb of bonds as se- curity for five yvavs, SW that the vulue of the bonds wmdd have been reduced to 43 Pems in the (lunar, if that proposiuon had been Carried into effect.” “ The Sui-pfemSmary arrangement" was, that the nonds milht be redeemed by giving three months" notice instead of at the end oFtwo years, so that the sale of $400,000 worth of bonds for $250,000 of Cash, mnk lug them worth 62', a in the dollar, and the pay ment of twelve per cent. interest. was nov-t what shocked the President so much as the provision that the bonds could only be redeemed at the end of two years. “'hut is the standing of any business in the County of Greywhivh is ready to sell its notes of hand at 6'3; vents in the dollar and lmrrmv money at 12 oer cent. interest -- Mr. Lailey. one ot the Directors, replied to the Preeideot in the following significant fashion: in swing that the agreement with the pgnk (t C mmerce is tr. e best course we czuld have fursued.” Mm WP ‘t}° Bar": mn¢nfit03 On gmrt flu; mnppy ye. ’ .qmred Ifreayousibie persuus could he lbuud ; to take them up, 63'. The Company's (Ii-t rectors negrtiau-d with the Bank anthorifies through 3193mm Blaikie 8'. Alexander. am) $ stem: gemiemen, under our instructions, T agreed than $250,000, ‘tke sum necessary tu f I rompicte the road to Arthur, should be? . . . . - Â¥ funusced by the Bank, the condmon being ‘ that annual interest at 12 per cent, should 1 be paid for :he we of the money, this intez- I h-‘ g- ‘ Howlan’lm- You can call it what you Let us see what this Bond is worth as a security. The Company are 'permitted by their charter to issue Bonds to an amount equui to their stock and Bonus, which Bonds are to be used in assisting to con struct said Railway. These Bonds are exâ€" pressly constituted by the charter, “ the "first preferential claims and charges upon 5‘ tho‘ Iin'iertaking, and the pr0perty of the The security to be given to the maple of Grey by the Toronto Company for the faithful expenditure of their Bonus of $400, 000, is the Bond of the Company, in an amount equal to the Bonus, and a pen- alty of $5,000 a month in case of delay. I ' Lâ€" "‘""“’"J l A very short time before this Mr.Laitllaw ; and all the promoters of the narrow gauge l rand vouched that these men were the very *soul of honor ; that they and all their . brotner DirectOrs were so magnificently ' rich, and so very enthusiastic about. the suc- . cess of the road, that each of them would lbuild a mile of it out of his own private purse. The discassion ended in the rejec- tion of the arrangement with Blaikie Jr. Alexander, and consequently the means to i carry the road to Arthur wet-anotobt’ained. And up to the present moment no other ar. ; raugement has been made (or that purpose. {Doubtless it the handsome bonus required from the County of Grey could be had, the work of financing the road to Arthur would be accomplished, and even the enormous appetite of the Caledon hills and the ; Luther swamps, for swallowing money ‘ mi: ht be satisfied. . We have seen that the bonds of the Com 1 pany have been hawked about all over England and Canada, and the highest offer, for cash, which the Company could get for them up to September last, was 625 cents on the dollar. Can a Company whose se- curities are at such an ebb as this give the people of Grey any guarantee that they will tulfil their promises, even with the exorbi- tant bonus of $9,000 per mi‘e. THE SECURITY OFFERED ! Mr. La’dlaw-â€"When the sale of these bonds were being negotiated through Blai- kie Alexander, time was the essence of the contract. The “four” expressly stated that they would not negotiate with Good- erham 6.: Worts because the President and Some of the directors of the Company were in England. They have laid their schemes with admirable wisdom; when they found there was milk in the cocoa nut, they went in a cunning way to tap it, and time was not the essence at that move. [Langhtenf’ A _ I - A' ‘ h ‘ ‘ ‘ ‘ ‘ “Mr. M”:.\lz13t¢râ€"-Mr. lVorts had stated that he had the $125,000, about wnich he had negotiated with Mr. Laidluw lying in the bank ready for transfer all the film», and I want to Know how that agrees with hii ItBtht-pnt that kg did not \a. you. ‘0 lump- to pay it for six months. Under the at- rangements thh his firm, 35 per cent. of our calculated earnings would have to be lodged in the Bank of Toronto as collateral security [or the bonds. This would take away all the profits, for it was reckoned by competent, authorities that 65 per cent of the earnings would be requirwd to pay the working expensvs ct’the mail." THE GUUDERHAM WORTS AFFAIR. Mr. LaidIaW, in apart of his speech not quoted, refcrrcd to an offer made by Messrs. Goodevhnm Works to advance the Com. pany $125,000 on the security of bonds as aflhrdiug bener terms than the arrange- ments with Blaikie 65 Alexander. Here is how Mr. McMaster understood that favora- ble arrangement : “The Chairman-«I saw Mr. Worts on that subject, as mentioned before, and the agreement with his firm was modified so that this lockmg up of 35 per cent of the gross earnings wmfid he dune awav with.” Accordmg‘to M r. McMaater, then, the whole profits ot'the wad were to be mort~ gazed for a loan of $125,091) (enough to hulld emit! miies of railway). According to the Chairman that teature of the agree- ment had been modified, but as to what the modification was, and what was offered in tie-u of lodging the 35 per cent. in the bank is prudently silent. TESTIMONIALS FROM MR. LAIDLAW. Speaking oftne members of the Board who had negotiated the loan with Blaikie «52 Alexander “Mr. Laidlaw sairJ-I say that when we returned frum England, We found the name of Barnhart stinking in every township along ihe mute. (Greaf laughter.) Owen Sound was disgusted. Owen Suuud is now negotiating to bufld an extension for itself, that it may be clear of men who can per- petrate such jabbery as that. which is bemg contemplated to-day. 1' Mr. ILlleLdâ€"Them will he bonds f enough to extend the road to Mount Forest 5 at the end of the two years. I Mr. L35diaw-~No, there will not. At .959 rate U; 621; vents in the dollar you will l ' ' . ‘.‘ -‘- } f h d Eh‘we to muse ‘29.),9L0 WOrth o .0!) s to l build that section. You cannot do that.â€" The law will act allow you, the government x will permit no such thing. M r. Rowlandâ€"You forget the bonuses. ’ Mr. Laid:aw-â€"-Nu, 1 don’t. ()uly $55,~ 000 of bonus have yet been received.” It craps out here pretty clearly that Mr. L~xidlaw’s objection to the ruinous sale of the bonds was the effect it. WOuId have on the Grey bonus, if that little matter was put beyond doubt he could look upon the sale of the bonds at. 625 cents in quite a dlferent light. I At a subsequent stage of the proceedings "Mr. Litidiaw saidâ€"~Gentlemen. this is l the time and hour when the success or fail- : ure of this company have to be decided- ‘ At the end of two years, if the company ; cannot take up their bonds, (and I cannot lsee or understand how they can). and it the , company eniinot get the Grey bonus (and l Grey will give no bonus if this resolution [ pass) ; then the Wellington, (Fey and Bruce ‘ Company will Step in and cut us off at Ar- thur. How shall we be situated then 7â€"; The Wellington, Grey and Bruce will be at Harrison before we get to Mount Forest, if you sanction this resolution. The com- pany will be bound hand and loot. It will be given up body and bones to Messrs. How. land, McMaster, bailey and Burnhart. We shall be swémped. l Mr. Bluikie evidently believes that nego timing narrow gauge bonds is very hard work, and that the bonds themselves are not of much Value in the way of payment for“. ;umuums. (Uues of “Name,” “Who were ’they ‘2") Now, gentlemen, you dew-teap- 1 pt se that I am goingto tell you everything. l Not much. Gentlemen, by the prOpositimz ; laid before you in the resulutton, the bonds {are redeemablein two years. But where ‘ will you get the maney to redeem them “I You can’t espeCt to have the cash, for the r mas-«l will not be makinrr its exptr (1398 then. FY01: can't hope to issue more bonds, for the law cf the land will prevent you.-â€"â€"-, Where and how are you going to get bat-k your $100,000 worth of bonds. That’s the question you must put to yourselves.” Mr. Blaikie, of the firm of Blaihie 8: Alexmder, in defending the firm against the « barges made, said that "all it (the firm) had got. out of the "milking” of the company was él3l and he knew that it. was well can eel. The $1,600 whxch it had re- ceived for negotiating with the Bank of Cumuwrte wete in hands, not in dry cash as the meeting had been led to suppose, and it was in his million a very small sum for the work done.” Mr. Laidlaw~-Never mind- the commis- sion. They wife‘suld at 35c” and here, Mr. Presidentand sharéixoiders, you are asked toseluhem at 623,. How does this happen ? Who wants m sacrifice this com- pany’s money in this infamous manner ?-â€"- I’ll tell you. There are four 39: tlcmen on the Board of Directors who have a secret. We, Mr. Gordon, Mr. Sézeddon and myself, had no secrets. I never said or did anything Set that I “'O‘lld be afraid tn hl'nnln:m r.’.... Mr. McMnsterâ€"Jes, but COIHYDISFIUR‘) o [Anvsarxsnxzxm] oming into my 1161138 and plant- set an der my laafe, who have of- hafif the phmfier if I would con- THE GREY BOXFS. ONE WHO KNOWS. what was the Rwovsuâ€"M rs. Davidson has removed to one door north cfthe “Glasgow House.” l Coxcsn’r. --The Concert under the uus pices of the Good Templars, of Durham, took place as announced on last evening Owing to the unfavorable weather, the at: tendsnce was not so laws as it otherwise would have been. Howeter, it was a. suc- cess. All the performers acquitted them- selves well. The Band performed their part excellent. Mr. Johns has certainly earned for himself here the reputation or a very efficient instructor. We have been re- quested, by those interested, to state that the Band has no authorized agents to re-l ceire subscriptions on their behalf. A little boy, son of Mr. Webster, of Priceville, while returning from school on the 30th ult., fell into the riVer through a hole in the bridge, on the gravel road. and was drowned. A Coroner’s inquest was held the following day when the jury re- turned a verdict of “accidental death," at the same time severely censuring the Muni- cipal authorities of Artemisia, through 1 whose negligince in repairing the bridge the accident occurred. It is to he hoped that this will be a warning to Pathmasters and other pubiic officers who have crossways and bridges in charge, as negligence on their part is very often followed by serious results.â€"-Cou. There is reason to believe that the Em- peror has still faith in the ascendency of his star. When France has been wasted by war and desimated by internal dissensions, and after the enemy has retired beyond the new boundries, which he has obtained by conquest, Louis Napoleon. for the very reao son that he has been unfortunate in war, may again, even at the lidding of the peo- ple, become the instrument of restoring order a d prOSperity of France to enah'e her at some not very distant day to adjust the account which Prussia has somewhat needlessly aggravated against herself, and as the “eldest son of the church” to chas- tise his venerable parent for her perfidy and deceit towards himself. Although im‘ mediately alter the capture at Sedan the exiritable Parisian populace defaced every thing that reminded them of the only man who, for the last twenty years, could ob- tain tor France the respect of foreign nations. and restrain the unruly temper of a peOple who were incapable of governing themselves. The disposition to idolize the Napoleonic idea will be found prevalent among the peasantry. Under no circum- istances is it possible that France can pre- %serve her former relative importance in the scale of nations. With a united Germany 1 at her doors, with a Stationery population, ' making no progress in that respect, witbl her more progressive continental or insular rivals, and havirg lost the spirit of colonial 1 adventure she cannot preserve her prestige. ' This, however, may he no cause of regret either to France or to Europe. The inability to retaliate may for the purpose of securing the peace. be preferable to the ability to attack. Preparations for war facilitate the. disturbance of peace, admitting the worldly prudence of the advice to “trust in God end keep your powder dry,” we cannot anticipate the reign of peace until nations can be persuaded to limit all their military organizations to the purpose of defense. a happy family of forces. The Church, the Marshalls and the Government have conspired to deceive him, and as if driven by the “fort-e of destiny” against his better judgment. he rush-s upon defeat and dia- grnce With his eyes open. It would appear that for all practical, mundane purposes, faith in destiny is as influential as the fact of’destiny. __--- v-vâ€"uw, ”50' .I ~ _ {a O'-:.~o¢- c‘.°~" 81‘? 9V! . ‘ ‘ The: Emperor’s creed tee! ives corrobm9~ flow from the course of hifown apparent destiny. He has been driven into tyne by has written and published the life of Jui' \ Caesar. In the preface to the latter work be gays; “There 13 in the moral order. a paramount law Which assigns to institutions a necessary limit. determined by their use. iuluesa. Until this lerm his been arrived at. it? other words, until .a given institution has produced the utmost good of which i: is capable, all opposition is neweriess; it is preserved by the irresistible force of des~ tiny, against Which all human mm“ M. A correspondent of the London Daily News, writing from Prussia, says Louis Napoleon ascribes the war to the machina- tions that was dominant in the (Ecumenical Councn, and chiefly to the achemi ‘ Father llothan, whose orders the cler. the religious orders in Fran " ' obey in political matters of Prussmn ascendancy in . been made the condition of th purpt-Se was to take placei ‘ while the (Ecmnenicd Council w ' ' . as Sitting. The Catholic population in Germany was reckoned upon, and represented to the he norant statesmen of the Empire as the most important and reliable ally of France in the war. It is quite true the is reported to have said, that “nob DURHAM CHRONICLE. Your debpntures can he demanded in six weeks after the By-Law is passed, and when they are once turned into money and used up, which they will be without doubt at once, your money 18 gene and should you ‘hen have no railway, how are you to get redness ‘I “isting and a: any tinge there after acquired, 3 “and each holder of the said Bonis shall “be deemca to be a mortgagee and incum- “branter 'pro mm with all the other i ‘holdere “thereof uvon the undertaking and 1 ‘the property of the company as aforesaid.” l These were the Bonds about which such is fuse was made in last September. when ' they were oflered for sale at about 62 cents i in the'aollar. That was the value on this f firsecla'ss securityâ€"by the Toronto peeple F1hemselves--and they have not been sold at. a higher price since. Now, this dimiâ€" nution of the value of their first-class seen»; ri'ties. is moat fearful and ruinous, and no; wonder they cannot get on with the con-j struction oftheir road without assismnoe, * and if they are rated so low, of what value can annther Bond he to mu as security for . the faithful expenditure of your hard-earned; money ? A “Company. real and pemdnal and then ex .. “;:f;nn an!) n0 n..- -.___ A! _, _, Melancholy Accident. The Emperor on theâ€" War. THURSDAY, u represented to the m- of the Empire as the d reliable ally of France quite true the Emperor said, that “nobody fann hatred against Prussia m: .L DEC ~ 8. 1870. Messrs. Findlay Jr Shaw have been ap- pointed agents at. Durham for the sale of the Tees of the Toronto Tea Company... See advertisement. 1. If Mr. McNicol desires to have the evi- dence upon which our statements are based, we will endeavor to accommodate him‘ {33‘- Mr. John McNicoi complains that we have done him an injury by our remarks in connection with the School Section N o. Quebec, Dec. 6,â€"Another serious acci- dent occurred to day on the Grand Trunk railway. A freight train consisting of twenty cars, when crossing the river St. Francis, about half-a-miie from Richmond, by some means was thrown off the track and the whole train, including the locomo- tive, went over the bridge into the river. The engine-driver and two brakesmen were killed. These are all the particulars I have yet been able to procure. TWENTY CARS AND A LOCOMOI‘IVE DESTROYED. THE ENGINEER AND TWO BRAKES- MEN KILLED. A WHOLE TRAIN THROWN OFF A BRIDGE. â€"_ oâ€"vâ€" UU‘OI' : ter of the :I‘oronto. Grey .8: Bruce railway) .{ are to decrde whether they will give a bonus 5. or $400 000. Your Councillors who agreed '3 to refer this matter to ponular decision did . right, but it strikes me that both the com: 1 pany and the council have made a grave mistake in imposing the burden _‘ of interest for the next yeart The * advantaazes and the liabilities should i fall 33 nearly together as possible.â€" ' Some people imagine that the present strife is between the broad and narrow gauges-6 This is a mistake. There are very few who entertain the idea that ii'the by-law before ' you is defeated the branch from Harriston will be built. Letuslook into this matter for a moment. The Hamilton people 333' gtveus a bonus of six thousand doiiars amile, and we will build the branch.â€"‘ I don‘t doubt their sincerity, but where is the $6,000a mile to come from? Nor- manby, Egremont, Glenelg and Benttnck.‘ is the reply. Now $6,000 a mile for 26; miles, the distance from Harrtston by way of Holstein. is $156,000. Divide this into four. parts of nearly $40. 000 each, and I ask if any man in his senses believes for One into tiiieéi'aisiédiue ’people’wdtild,"to the - exclusion of Normanby, it would make the matter infinitely worse. The Wellington. Grey and Bruce people are pushing on their work. They will be at Walkerton before we can heal the feuds which will ex- ‘ist if this By-latv is deteated, and when once at Walkerton, the whole matter is settled, and not a man now before me will live to see a mile of railroad in South Grey, if the Northern Road is extended to Owen Sound, or even to Meafurd. Some people enter- tain the idea that if defeated now, the Com- pany will come down in their terms. I think that is entirely out of the question, as to the through route to Owen Sound by way of Durham. My own view of the situa- tion is, I think, clearly enough indicated by what I have said. If there are advantages to be derived from competition between Hamilton and Toronto. in our midst, that can only be secured by voting for the By- law. If Durham is not to settle into a dis. taut suburb of Walkerton. it must be graSped byarailroad in rivalry with the Wellington, Grey and Bruce. If this part ofthe County is to participate in the ad- vantagss of the trade to the North and North-West, we should be connected by rail with Owen Sound, and if the Ottawa and Georgian Bay Canal should be made. lit will be of more importance that we should have a read to Owen Sound than to I either Toronto or Hamiiton. IfI vote for lthe Byofaw, which I probably shall, it will i only be because everything considered, from ; my point of view, that its rejection will. at l no distant day, be regarded as a mistake. lTbe question, as it presents itself to my l mind. is simply this or nothing. If the by law is carried, I have not the slightest doubt of its being built. Many of my oh- jections to a narrow gauge have disappear- ed before the evidence of undoubted tes- timony. If it is rejected Of course our trade will become tributary to the interests ( ofthe County of Bruce. Our wheat will be carried there to be manufactured into flour. Idesire to say, in conclusmn, and 5 ask you to remember it so that we mav i c0mpare notes on another occasion, that the opponents of this bylaw, are, perhaps I nd‘t intentionally, but ignorantly the ene- t mies of Durham I desire to say further. that I am quite satisfied thrt the funds of S the Municipalities in Grey cannot be di. ver=ed to any pOrtiou of the line within other municipalities, and that if the By law is carried, the road will, without doubt,'be made. n (I) mm â€"" -wouv CVUU I. the $400,000. I felt sold and considerably disgusted. The last phase is now belore you. On Monday next the eleven Muni- palities in Western Grey (who are for the purpose a County, under the amended char- ” his. JACKSON saidâ€"Some four years 9h = since, I was deeply interested in endeavor- BD ing to give effect to a railway protect that its would have served the interior country ly- IlS ing between the Grand Trunk and the le Georgian Bay. I failed chiefly through an ld adverse vote of the townships of Egremant ti- and Normanby. That adverse vote .vyas it» due ina great measure to the opposition to t of the men who were attacked by the nar- 0- row-gauge mania in Toronto, acting in con- 3, cert with my political opponents on the eve '9 of the general election. I may remark )I‘ that if toéday Toronto ifinds her hOtd of id Grey to be insecure, the trade of Bruce wrested from her, and her debt increased 1 by $250,000, she is obliged to the gentle- n l men who conspired to defeat the construe-l 5 l tion of the Grey and Simcoe railroad. At‘ It the time referred to I determined to leavel u railway matters to other bands. I have it studied to keep clear of them. Some peo- ple charge me with indifference, and others _ l with being double minded. You have a ' right on this ocz-asion, perhaps the last on which I shall address you on railway mat- ters, to know my views and the reason of 3 my cooduct. I ask your attention then for l a few minutes, and must ask you to realize, i if possible, that we are here alone quietly idiscussing matters that concern our own 1 welfare. I shall Speak just as it these gen. ltlemen from Hamilton and Toronto were standing behind their counters and desks. I must first nor-ice the Toronto, Grey and l Bruce application for aid ; it is directly be- " fore us. The applicants, if now needy, be- gun their career by boasting of their riches. They carved up the County of Grey into gdistri ate; and made their requisitions in the 1 holfle manner. They did not deign ”to ask :4 ‘ any person’s Opinion. They came up, boat. ed and spurred, ile said, your purse or your life. They were repulsed, and Toronto came to their aid with $250,0u0. The di~ rectors managed to apply or inisapply this ,sum to the first section. The Toronto ' bonus was given with a view of enabling , the Direcrors to accept $5000 a mile from t ‘ 1 the municipalities as the maximum bonus. l in October. 1869, I went to Toronto, had ll an interview with the President. I am be; t traying no confidence in saying that Mr. . Gordon saw the propriety of renewing the l . first offer, in its literal acceptation, to pro. t does their road from Mount Forest to Owen c Sound for $250,000, or $5.000 a mile. I t stated my conviction that. the amount. could t o a ti o t be had. and that I,- notwithstanding the Com clusion to which I had come, would render all the assistance in my power. It was ar- ranged that Mr. Gordon should attend on the County Council, the ensuing month-- ( He did so, accompanied by Mr. Shanly,but a only to state that the Directors, notwitli- cl standing that they had subsequently got 3 the Toronto bonus, would not take less than n Allan--- ‘ Another Serious Accident. As the Rail'way Meeting held yesterday was late before it ended,’ we only give Mr. Jackson's Speech, which will be of interest : Railway Meeting at Durham. The follofiing letter from the General Superintend‘ent. offlm Great Western Rail- -ku way, and telegraphic answer UNPRINCIPLED MENâ€"REFUTED. Although the above section is as clear as day, and is perfectly satisfactory to the lies in ;he how that the mischief will he? done before their falsehoods are discover-5 ed. 1 l “ Sec. 4.â€"-â€"Any municipality, or County municipality, to the West or North West of the township of Arthur, or Village of Mount Forest, or the said townline between the townships of Luther and Arthur, which shall grant a bonus in aid of the said Railway, shall be at liberty to grant the same, for the pur- lpose of aiding in the construc- ttion and equipment of any such !section of the said Railway, as {such municipality shall deem fexpedient; provided that the {section for which the same is 7 granted, BE DECLARED BY RESOLU- TION OF THE COUNCIL or ANY SUCH NlUNICIl’ALlTY, a cepy of which resolution shall be handed to the Trustees appointed under the said Act, chaptered forty, at the time of the delivery to them of the debentures issued for shcht bonus; AND no SUCH BONUS SHALL! BE APPLIED OR USED IN THE 00):- STRUCTION OF ANY OTHER SECTION, THAN THAT FOR WHICH THE SAME MAY BE GRANTED.” Mr. McGiverin states in his Circular as follows :---“ Most as- suredly the Company under it have the right to apply the money so received from Arthur and Mount Forest in such a way,” and then quofes Section lst of the amended Bill. It does not suit Mr. McGiverin to tell the whole truth, and quote the 4th Section, Which is as fol- lows: Faisehoods Exposed. . In Abe sogth-nst the Garibaldigng are, 't - Germans Inear'Aut-un, but later imam- ae‘nce may not bear out this statement.â€" Leader, Dec. 6111 . The truth is gradual’y coming oht'n'itli regard to the army of the Loire, and it now appears certain; as We stated a’ day or two ago, that the battles ofglnst week went uni: form]; against it. The despatches this morning tell of another victory gamed 13‘; Prince Frederick Ch‘arles‘ over the French corps of" this army, which were defeated with heavy loss and driven into the forest of Orleans. The immediate re'sz'i'lt of this disaster Was the evacuation of the city of Orleans for the second time and its ocmzpa tion by the German army. This important fact is admitted in a telEgram frorh‘ Tours. from which we infer further that Geét. de Pa'adine's army is retreating to the south- } ward of Orleans with all the rapidity it c‘ah commend. A telegram from Versailles Sn‘s‘s that ‘ Gen. Manteufi‘ei in in Roman, which would ‘ lead to the belief that, Erqtead of retreating towards Paria, as French reports have re- presented, he has been moving in a south westerly direction. If he has 133”}? cap. tured Room it is another serious blow for the French. "-.. v. usuucac C}? ev-ediegly dangerous: The Ios‘ses of the Saxons in the recent engagements appear to have been {manually sevexe’, testifying to the stubbornness of the fighting on both sides. The number of French prisoners captured on Friday is mentioned as 3,000 instead of13,000,- which seemed an vices- The character of the news from Paris varies little from that which we have been receiving for a day or two past. French reports continue to assert, in the face of settled results, that the sorties of last week lproved successful, and that Generals i Ducrot and Ninory succeeded in breaking the German lines and now occupy threaten- i ing pesitious east of the Marne. If this be true it is strange that we have heard nothing of their subseQuent operations, which, on the presumption that they were safely through the German line of investment; ought to he very injurious to the, benegmg army. The truth undoubtedly is that all the sorties faiied, and that if either Ducm‘t or V1110? has a large force outside of the fortifications it is in such a position as to make either an advance or a retreat ex- n__n.-):.-._lâ€"â€" J The accident appearsâ€"to have been oc- cas-ioned by the carelessness of the acting station-master at Brighton station, who re- ceived a erossi-‘n order trom the Grand Trunk office at ‘oronto to the effect that No. 10 train, which is a merchant’s ex- lpress through train and has the right of % way over all freight trains, was to remain at Brighton on its wag westward and cross No. 15 freight boun east. The station- master did not, it seems. inform the con-’ ductor of No. 10, and he proceeded on but way, colliding with the other train at a sharp curve called “Dangers," about four‘ miles west of Brighton. The shock was} terrificâ€"both locomotives were completely ! destroyed; and the freight cars of both trains, one of the cars being loaded with cozl oil, catching fire. the two trains were almost entirely consumed; BRIGHTON, Dec. 3.-â€"At an early hohr this morning an accident of quite a serious nature occurred near here by the collision of two freight trains on the Grand Trunk railway, by which the following named per" sons were killed and eighteen care and two engines destroyed zâ€"Thomas Wright, en- gineer of No. 10 train, Charles Cbaloner, fireman of the same, and a party named Onnys, who was in charge of some horses on the train. Another man, a cattle dealer, is, it is feared, fatally injured, and another cattle dealer received some slight. bruises. The men on No. 15 escaped nnhnrt. A RAILROAD AG 0113mm Collision on the Grand HAMILTON [Anvza'rlsamsxr. [.anvsmlsm; 3x12] ame, and a party named in charge of some horses from J oseph momma? mm @923». Good TEA, Will he OanPd on the 14thw fiééémrbgrâ€"j 7 o’clock, P. M. LOYAL 0. LODGE, DURHAM SLOAN respectfully (lira ts the at- , twntinn of intending purchase~rs to his large and varied stock of Insuumeute of every style and finish, which fur purity of tone, lwauty of finish, and all the essen- tial qualslies of firm-class Instruments. stand unrivalled in the Dominion. Each Instrumentie warranted for 6 years, and kept in good order free of charge. Alan the only Agent in the adjnining counties for Heinlzman Co.’s Pianos, which haw been awardml the first przes at. the last two Annual Exhibitions of Ontario, above all other competitors ; they are warrantsd for five years. He will deliver than) in Owen S'Iund free of charge,’ at Manufactureer prices. Price List. on application. Pianve tuned. A large stock of first-class Con- cprtinas always on baud, at the lowest pos- sible prices. is by getting their hands on the hard earnings of the people 01 Grey to the tune of $9,000 per mile. . -, . l In thelr attempts to ram: “non'éy' to 0311‘}; their road to the: ivillrtge Cf Arthur, the best ar-l i‘angexnent the Toronto Comprm y could makemrs to sell ALL :11;ng BOND§ at 62%. cents in the? (loll'a'r, iwlllcll would no! yield enough; lfor the purpose, and. Woiild fame; them without the‘ megos of, net-l {ting a single mile farthe‘i‘, Tfioir} ig‘gil‘yvchance of ever‘ getting (his; a... “v- ‘1'qu . . , .h.‘ > gh the Luther swamps :A I'Dâ€"J - All. A‘ C I - I All we ask is a trial. Dec. 7, 18‘ JUST THE THING For Durham! Sold Agents for Durham and vicinity, Onr' Teas are put up in half-pound and five pound packages, each package JOSHUA WOODLAND, Dec.7, 1870. GREY BONUS. I certify the above telewra‘m to be copy. -â€".-â€" u u.|\\.$Ul° [‘1 take hold oftbe Grey Extension. equip an work it in addition to the main line. 1 not only received the cable meséage éon~ firming the recommendation 0! fine .eXe- culive in Canada as to thus Compa- y work. ing the Grey extension, but yesterday I re- ceived by mail the board minute and letters §from Mr. Baker, our Secretary, instructing ‘ me to have the legal documents prepared and sent to England at once. The extend aim) of the W. G. «I: B. Railway into thel county of Grey entirely depends UpOII the people of that county. If they prefer the old and reliable, we" are ready to do our part. Muir is in Buffalo toiday ; be wohld Sign the telegram if here. but I do not like putting his name in hfs absence. Signed, JOSEPH Pmcs, Treasurer; Dee. 6, 1870. @WWIMW PBYAL SCARLET CHAPTER Division Strert, Owen Sound, ESTAELiS HED IN 1860. smce it was opened to Férgus, has} no’w femly sgvisfied our Board of Direeton i C01. McGiverin, Durhafia, President W. G. B. Railway. Telegram received. I read Gordon's letter to the people of Grey, and as it c0“- veys the impression that our President ha telegraphed outm say the G. W. Railway will not take hold of the Grey Extméion, Isbould' at once adfise you that such a tinny: is' Siinpljy impossibleâ€"What Mr. Gordon refers to is simp‘ly an ocealrrence of a year 520, Him? the depuiation fi'oin our English Board was iii Cenada, but, the great succes‘é of the W. G. 3; 13'. Railway 1: ,3 - - - . I elnnn If m nnnnnnn A _ T.‘ wvuu wu 5’. COL. Mchmmr, Pres. W. G. B. Railway", Hamilton. We certify that the above is 1'1 triie édpy of the letter receiyed fqnm the. General Superintendent 01 the G'. W. R. Company. "C.- Price, Esq., Tami-eff, of that Company, explains themselves. The statement is to keeping with all the transactions} of the Narrow Gauge. Read the repbrt of meet- ing of Board of Directors of Narrow Gauge held in Toronto on the 12111 Sept. last. T Comment is unnessarf. Gaur Wesrsnx RitrMA‘i' OF CANADA, Orr‘ws or GENE-fiver, HAxtL'rox, Deeé, 1870. MY DEAR Sunâ€"At your request, and in the absence of Mr. Price (our Treasurer.) I here 12inch pleasure in ’advising you official. ly, that the English Board have new author. i’Zed the Executive in this country to ar- range with the Wellington, Grev and Bruce Railway Coy. for the stocking and running ot‘the extension of this road through the County of Grey, and that the necessary documents are being prepared by the So. licitors of. the two Companies extending the provisions of the present lease and agreement to this Branph. Yours Taithfull}, W. K. MUIR, Gen. Supt. "A? \I..m.._-,_ A l M§Le§E§§a mmav, (Signed) Strong TEA, RBAE MEANING [anvenmssymt FINDLAY SHAW, Lower Town. R. FINDLAY‘ N OR'I‘H ERN WM. M‘CGIVERIN: Presid'ent. JAMES HAMILTON. [TELEG RAMJ Hammox, Dec. 8, 1870. 0 11‘ THE CHEAP TEA. . T. 00., Durham. T. ‘1‘. CO. 201-631. ;us, nus no‘w per. of Direetors to 2016m a. true at :1 Id glut 85 294. bu; :L' 813 d pk" mrf S for t '9‘ Q! 1'00 (1:3- 1 z 5 $7“: a". 3811-: u. nfifim F. H. EDWARDS' F. H. EDWARDS’ NOVELS, Novels, NUVilS. F. H. EDWARDS’ HMR 9H: Â¥ERFEMERR Bibles, m F. H. ED‘VA RDS’ ALBUMS ! ALBUMS !1 ‘. H. EDWARDS’ VARIETY STORE, DURHA” [ ‘uu ILVaULVEN l' HAS MADE 1 assignment of his estate 1 {he creditors are notified émre of the Insolvent, in the Villa; Hanovqr, in the county of Grey, on '1 nesday the 14:11 day of December me: 11 o’clock in the foreuoon '. H. Eimrlifi Iu‘themauer of PETER CA the Village of Hanover. THE {NSOLVEfiT ms '.' H. EDWARDS’ Concertinas, Conceflinas ! holding a. eecéndâ€" Apply to Large silver buying Small silver buying ngrling Exchan-.;e. ouulu auver anqu at 16 Sterling Exchan-.;e, 119. 1113'; ; élosed at 111%. Jewellery, Jewellery. ._ 0ng SOUND 22nd Nov'ernber, 1870 Glassware, BIMW INSOLVENT ACT . EDWARDS’. 83‘EMGE3ERY E . ED WARDS’ Paper Co! lam. ' Just recived a Large and 339‘” ful stock of English Jeweler? comprising Ladies’ calm 8““: Ladxes’ colorEd 138"an Ladics’ long Chains. 59"“ Albert Chums, Fmger Kl"!!! Pi“: c., .c. These 30“” were bought at less half theil‘ value, whic . enable us to cell “3821) sum“ “18: will astonisb the Mme" The New Cottage Library serif?! all complete, c'ompxiaing “If“ hundred and fifty volumeS, I” ‘25 cent volumes. Full 80 descriptive catalogues sent fm to any address on Application. Our stock is aiwars complete in the {allowing lines, Binnk Books, Note Paper, Foolscap Paper, Senool Paper, Bid Paper, Music Paper; Euveiopely any quantity very cheat) by “19 thousand; Mnurning Nate and Envelopes; Puss-Hooks. Blank Pocket Ledgers, Pens, Pencii'r Inks, c., at. We have just Opened out a beautiful stock of Hair Oils and Perfumery, «hi1: for quality and lowness of rrice cannot be surpassed anywhere, at Our stuck of Paper Calla", Cufi‘s and Fronts is very large and well selecxed, compxismg all the latest Styles out. Lp wards of 200 Boxes of Collars selling elf at 5 tents per but, usually Snld at 20 cents, at Our stock in this‘lineis now oomp'ete, comprising Family Bihies, Pew Bibles, Pmkefi Bihieu, Reterence Bibles; and’ Paragraph Bxbies. Testau'mentn" in large and email type. ffotn' 15 cents upwards. aim Weslé]? an H)!!!" Bucks, N. C. Memo? dist Hymn Book-1, Baptist Hymn Books, Episc'mal Hymn Hunks, Union Hymn “Duke, Schov! Hymn Hunks; Roman Calbulic Prayer Buuks, Team. meats and Catechi ms alwayl in stock, at matter of PETER C.‘.MPBELL, :llage of Hanover. Aim-bait as; whiie and duxga‘ble ai steriing siivetf‘. We bgfie 120%; in: hand, ma‘le from this new inétal, a have. stock of Table! fiaoons, 'I[ea€:pormsy Desert SimnnS. D‘wt'ft’r Forks, DrsFl't Forhfi; CHM-Stands, c., c.,‘ \i'fiich for Bézmtyaud Durability are emia! f0 .eélid silver; and vary chap.” at' We éan furnish an E‘ezlnt Kihum‘,‘ hn‘diug forty eight in}! s z-‘ad picture's," .beL‘nd In in“ gin cover, gilt ages, for the It“ pxice of 50 cents ; a largé q'uarzo A‘ bum, m fuli gilt cc ver NICKELHTE ! V-- -uu;‘ l U. Conbertinas vanicg in price from $2.00 to $3 00 each.â€" Yiolms vetting il‘. mice {tom Anna - "““ ‘ Tonox'ro, 000a. _‘_._ ---.....; u. vucc "U!!! 32 {)0 m . s15 00 Accordiané from $3 50 umvardm. Flute! from 53 Cents to $15.00. A Large Stock of MELUDEONS Fad PIANQS always on hand mm die best makers, ai Our atnok isnow .mmplefe I'd MU$IC§L_ INSTRUMENTS: We invite special attention 16 our large and w'eH seléctéd mock of GLASSWAR . 3‘ uhiél} gurpasses _auyt§mg .ever beforé bruught to Dunham. Partiefi requiring Glaésw'are will [dense call and examine the stock. and GEORGE JA§IES GALE, buying gt 8â€"9; buying at 6; i ,hnh- “ Variety Store, Durham VARIETY 8703!. 0 cents; a’lurgd ii) full gilt cv rer holding 100 my ‘O. Variety 8:0”: ‘9 Dec. Variety Sml'e' Variety Store. Variety Store; Imrim A the _low‘ price' Albums from” Variety Store: Drum“- V't 1870. t) 00.2. me, and $813 nee fiN of Wanted for s: Ingnhy, a ma‘e T ‘0‘888 certificate; the 181. ofjauuat Apply to mm c FXI‘EII LI J l\’(“ 41 ‘Of waIvr an ‘fnurth mile 8( Title indisput FARM T F0} FWI-P Teach Normanby, O Nov. 15! Du rham Suitable Lumbc Atl' ki 35, we 1'- s :5. is Ready Mu. ’ TEACH “the disposed of by J AV Tb D Teache fidrhkm‘, Q The pubfic are} Durham- 0 899 now bad {HE 170 LLO m [WA R BU K I CHE [HOLE STOCK co rdwa re, MEN’S AND EDW JUHI Elena’s u want it!!! Get. 20")! leO Baru‘ ‘ ea T W0 Ladiel