ix ‘Wj \ \ () { , 1% i r » in i bath L¢ ult | ppears t ‘ wi ve children between t 4 SIXtCCN ‘ ai i to 1 i i \ ’ y+ ' i iu t e whether o1 : M ins , 1 distri ’ il 1 i i \ een i Ceover t who have i but have | } . pon W - wed no { i i s Y it \ } } ; ; it h vs tax \ ht t : | ! { ! t min wi . ‘ Ps omy property 5 t P OF #4 . . Wah children l nder \ t now exists, é rorth| { } ve children a few wortiiess [ciiows, V iave ¢ may be the means of imposing a tavern ymmunity. against the wishes and

upon ae

despite the futile forts of old and 1 spectable inbabitarts j

ACCOMMODATION, Ar least four goo i hotels are require d 7 ere ld be one ,at

HOTEL

shou!

in this Island.

Alberton. one at Charlottetown, one at Georgetown, and one at Souris. This re- quirement is the tural and necessary omplement of the railway. We trust,

our business men (or at

that of

them) will lose no

therefore,

least a few the more enterprising of

in follow-

Hol-

further time

ple set by a. L.

ing the ont d exam

man, Esq. Andw \y should they hesis tate? It is noterious, that, for many years past, we hav: been unable to ac—

commodate preperly a tithe of the travel- lers who visit us during the summer sea— Mary to leave. <A large proportion were treated in so in- different a manner, that, although de- lighted with our climate and the natural beauties of our Islind, they went

disgusted—never to return.

landed but

sons,

away

And even

them who stayed «mong us for a time, were ever lamenting the want of hotel accommodation. he running of the railway will, undoubtedly, attract to our shores a larger number of wealthy visitors than ever we were honored with before. [twill be well if they are not vain repelled, beeause we are ye t unable to take them in and treat them as they

are accustomed to tr oO re them is to repel capital from the Island to deprive our merchants of the best customers: our steamboat companies of paying tra fic ; our firmers of a profitable

home market for much of their produce. To attract them. the

res We aireacy P SSCSS

natural and artificial }

need only

ar iv: int: Ig be supplemented by little ordinary en

terprise on the part of our capitalists. The investment en money in hotels, we regard as just as sa nd paying as in almost any enterpri-e ‘shk could be named. recites gan’ na EASTWARD, H0!

Crear of dirty, snowbanked streets, slip pery sidewalks se-stained hou lusty offices, mon z mé ind gossip» vending women ; leaving in the distance the long, scraggy, irregul:r, deserted wharves and garbage-lined shores of Charlottetown : enjoying the fre ting | which e} > Hi 1g! vd the clinking y ‘eis the | , and the rattling and the « iking of the gh, as our horse trots smootiily along, we are fairly on our winter journeyeast. We need

not stay long at SOUTH ORT, il known Its subtedly,

for it is so near the city and so we that it requires buts

proximity to Charlottetown is, und the principal cause of its comparatively slow progress. As the greater planets attract the lesser, so Charlotte to itself the trade which naturally belongs to South- port. The attracting i of the city may be somewhat counteracted when South- port has another whar! er the ‘Southport Ferry,’’ disgrace to the Island, is made decent. the meantime its progress will, necessarily, be slow. It has, however, smart, en- terprising men. Henry Deer, Esq., is, not~ withstanding a few political vagaries in- consistent with the genius ef his nature, one of those who promote the interests of

Ife has a well

passing notice

own draws ifluence two, and when which is now a

In

some

the place in which they live. stocned store; and — like his father be- fore him — shows a good example to our farmers. good Hotel ; manufactory. spect either. as possible, to the

and Mr.—_——-- has a broom

But we may not stay to ins

HALF-WAY !1lOUSE.

Every traveller stays here.

Mile House” may be passed by, or the “Ten | the |

Mile House’ be left behind; but “‘ Half-way House” must be visited; the steaming horse must be put up; and the hungry man must be filed with the good things of the “ Half-way House’ larder. Mr George O'Neill owns the ' Halfsway liouse,’’ with the tablisbments be- longing to it. ice horses constantly runs the ‘ Half-way Li¢ benefit of himselfand the country round rested,

large « has from twelve to twenty ; and he

in his stables

se Forge’ ’ for

about. Refreshed and we

take the road—or rather the fields - for

MONTAGUE RIDGE.

Arrived there, we put up at “The Ocean House,” an hotel lately opened by Miss Beers, and look about. The town dently thriving rapidly Everywhere see signs of prosperity. well

is evi-

New houses,

filled stores , a business like air and appear- |

ance—attest the fact that Montague is a thriving town. Messrs. MeDonal Pierce Gaul, Donald McLeod, Duncan Mes Donald, Manoah Rowe, Fraser & McLean are among iis leading business men. The establishment of Messrs. ers and the residence of Mr, Augustine C. McDonald are conspicuous. afine stand. He has lately liquor business. nally, at least, wit Mr. Gaul—having in vie of the town—has laid out his property on

I le.

Front Street in lots, whicli are for sa

da Brothers,

given up the igue is now nomi. ingl store. 7 the enlargement

and Mont

hout a » liquor

Mr

Donald McLeod hasa splendid house and |

tanning establishment—tle product enterprise and intelligence. Lean’s Carriage Factory is also worthy of note. Messrs. George Wightman and C,.

D, Pool, Archibald }'cLarcn, Ik, W. Sprague, | alligua pretty large mercantile establisi:

ments. The store kept by Mr. Sprague isa branch of the estgJishmcnt of Messrs. Beer & Sons, of Charlottetown,

of his

Mr. Alex. Munn keeps a fairly |

We must pass on, as quickly |

The “ Five |

the |

again |

we |

MeDonald Broth- |

Mr, Gaul has |

Froser & Me. |

re generally equently, ] appre ite y, ot hat Vin) i ‘ ! I { od 1 } quan ‘ i } yea were «) rercl ; lt town, on ett! { \ ‘ | 1 iy ’ < ‘ rOWN “ ie 4 m od it ‘ i \ ! Nita n \ vi ‘ 4 i | ‘ of 3 oO} i nat liowla i 1 ot t + i ‘ if sin LA \ y i! y ’ ee | \ i int ept uj , i. ble steam - yset. It may be that \bors uns cil hat | s makiny daily \ i i lat lt i l {! \ vy 4 e.% \ Ilo ; i \ Lt ( etown M Ww. ) Say { tot P ie W s ( \ W Its t nd i i CG LK retlecis eaig upon I i t Its is 60x30 feet nil two s high hei Hail, in » the ¢ nty Court is 1, is con c Lé tae acoustic princi) and the ah { (ones ot thi lu ige’s \ ce can be listinetly heard in the furthest corner of

the room. At the western end of the hall wre ante-rooms for the accommodation of tl ludge and Clerk; and a private ens

ided so that these function-

ies may be kept far removed from cons t nating contact with the erowa. The wer story of the building is divided into two compartments. One of these is used € ol for l The other was used

as a school for boys. But the teacher ex- pected a situ ition on the railway, and threw

The room is there-

and the would-be

up his employment. fore unused at present ; uation

official is without either. his sit or

his schoo’. ebuilt

e was, last summer,

and a num-

Cardigan Bridg

in a very substantial manner-

ings, stores and hotels have,

ber of dwell

within the past two or years, been

ut up in the village adj The chief

hotel ied by Mr. John J. Campbell. I

is OW

tis new; and is not yet quite fitted up. When finishéd, it will compete with any

s . hotel of which the country can Loast

Shipbuilding is the principal industry of E. MeDonald, the colleague of Mr. Owenin the Assen

the most po

the place. James

CBRL Wi TING. ianneentivene »With the requish 1 pu lished in our last issue, BH Worship, Mayor Rankin catied a meeting of the e:t- ‘ , ; lat t io) 6 6considelr luet of the Dominion Government in ‘ i to open the railway, and also to } n address to the Minister of ublie Wort Che meeting was very large, vd ided ov by His Worship, \} fon; 7. C. Pope wa one ih yat } ricer lle protested rwainst ¢ naction of the Dominion , \ } nd deelared that as that ( nent had taken the railway over, |; ii thereby had undertaken to work it ac- ‘ ling to the agreements of Confederation \ | i toopen the line at once at \ even it costa thousand dol. Ile then alluded to the late M pnointments of Dominion Govern- 1 t, and also the ramored railway aps ntments. Mr. Pope moved the follows 4 ar which was seconded by Hey Longworth, Esq. j ihe Railroad constructed in this \ tthe proper cost of its people, was. in December last, handed over to the Giovernment of the Dominion ; And whereas, | the said Ratiroad, when so completed, and | handed overonthe terms of the contract entered into With Canada, upon the entry of the Island into the Dominion rf ia, became the property of the Dominion, and the people of this Is. lanl had a right to expect that such road would, without delay, i used for the mn e " wv which it was constructed ; And }

|

| of goods a

| lying

|

| why the

SENT WE LOA NER AOR TARE REE ST

Wh s, an attempt made by the Officer of the Dominio a ote vnment, havi ing the con- trol of the Railroad, to open the same im. medigstely upon its commg under his con. trol, was frustrated by reason of heavy snow

storms: And as,the said Officer, after making such attempt to open the road, and | ° finding it, at the time, impracticable to do | so, by reason ot the de pth of snow and the

ity of the weather, withdrew from the

scCvel

Island in January last, = no further or |

other attempt to open +h road has been } : : nh |

made, although to “wo ae the said |

road ang run trains over it, has since been and now is practicable; And Whereas, in | consequence of the neglect of the Dominion authorities to open the said Railroad, the people of this Isiand have been subjected to great inconvenlences, and many of them | have sust tained he: avy losses : An 1 Wh reas the extr: ordinary depth of snow over tl 16 the country, rendering travelling ordinary ro ads a work of difficulty, ‘at extent pr reventing the export ud other articles required by the | utants of settlements of the Island remote from the seaboard, is, in the | of this meeting, a strong reason said railroad should not have re- | mained closed one day after it was practic. | able to open the said road and to run trains | over it Resolved, That the Government of the | Dominion. by withholding from the people ind the advantages which would

face ol r the and toa gi

ove

inhab

Opinion

of this Isl

| have been conferred upon them by the run-

men of King's County—has the ts ot two vessels nid and intends soon to lay |} that of another. They will comprise a| ! ue, 125 feet keel, measuring 3575 or 400 | tons: origa ntine, luv feet keel, ~U00 tons ; nd a schooner 75 feet keel. 100 tons, gi McDonald, Esq., is about putting on the + barque 115 feet keel, 570 tons. Jonn G crimgeour, Lisq., 18 build ne & bar ig i27 feet keel 200) tons Messrs, LeBroecq & McLean are about com, m ng igantine m ring 200 tons. Situated on an eminence, a short distance from the village,is the new Catholic Church. Itis al well- proportioned and hand-

DUNDAS,

About eleven years ago, Lieutenant Gov-

ernor Dundas, while] : through King’s

County, requested that the fine new set-

‘ tlement, on the easte

ning of the Railroad, constructed at their

proper cost, has acted with great inietinn be expe towards them, and in violation of the terms | sion was continued, but on division the | ‘the con t upon which thi s} ole 5 } vn . A of the contract upon which this | land €n-/ amendment was lost. The main motion tered the Dominion ; } ae ee ore a ean : ‘ aaa : : {was then carried by 138 to 31. Hon Mr, And } er ii /, Lhat a Committee

be ppoi inted to prepare an eck lress to the | iii n, lexander McKenzie, Mi inister of Public Works, erbodyi 1g the foregoing ré Se and praying that he may order | thei liate openin Joke iaheued - and | farther r, that His Iicnor the Lieutenant Governor be reque 1 to forward such ad. | aress Mr. Louis H. Davies followed, and an- | wered the charges of My. Pope, and said the chief cause of the present stoppage

rn side of Grand Rirer, |

hould bear his name. The appelation | seems to have been a fortunate one; for there is not in the Island a community which has. during the past ten years, ad. | v lin prosperity ata more rapid rate t in that of Dundas Industriou j u- mt nd iperat the 3 ople have

} en } y At Cirand River

g now a flor ng lage

ip ling | been prosecuted th energy na : Messrs John Mes l McKeen & Vickerzon, during

the past few years, built many ships. Mr. Lp lett, who resides at Dundas Cre is

'so a shipbuilder, This year their opera tions have been retarded by the severity of the winter. The low prices of ships in the |

i : : . British market has also hadad

epressing

view of considering whether it was justi« fiable to incur great expense for the sake | of the mall amount of traffic that would exist He declared the Dominion Govern-~ ment were right in considering themselves not justified to ineur the expense atthe | present time lie made some further re- n gainst the Local Government. M en being called upon, spoke t ne le 1 2g t th tacks of M1 Lay na mrad 1e@ counter charges, Li L] ‘ n iree to Pp con the | pre nt o¢ I i yuld reserve his | r princi; il charg ii the mecting of the LA Le , ] vul Wim. Welsh Esq., and Col McGill also addressed the meeting. Mr. L. H. Davies then moved the follows | ing amendment which was seconded by | Wm. Welsh, E q.-— R ‘ed, ‘That this meeting regrets that | the severe snowstorms of the vinter |

‘* ' | ilVeiy ’

effect; and the shipyards are not as usual, -- McDougall is, however, pre- : j oti: © acl. mos paring to bui id a bi 1g liv feet keel, mea- |

suring 300 tons, and a brigantine 106 feet keel, measuring 200 tons. Messrs. Me- Keen & Vickerson are also about com-

measuring VicKin-

mencing a brig 118 feet keel, At Dundas Cross, Miss non keeps a house at which travellers are ily entertained; but no taverns are : settlement. The peos

300 tons.

hospitat to be found in ple

the them.’ ROLLO BAY

will none of

is a very pretty farming settlement, bes tween Dundas and Souris. The + Eureka House,’—a store and tavern kept by Mr, ld—is Esq., bas a well- estab-

Archibald McDouga well sustained, Andrew N. Campbell, stocked, well-patronized business lishaaent in the settlement.

SOURIS

will, of itself, furnish matter for a lengthy

description. We will attend to it next week. There is one thing, however, in

which Souris is at present-peculiar, and | which we cannot help mentioning. While | the prospect is, from every other point of | view onthe Island, dreary, lifeless, ice and snow-covered, the blue waters of the bay, now, while we write, ripple and sparkle, bright and summer-like, not a hu

yards from the shore

The mail to and from gular this winter;

Tae Soveris Maw.—

Souris has been very irres and the people of that town are very natur-

it! f € as ediy been a severe one ;

been unusually

winter has undoubts and the roads bad. Yet, sonable excuse for the

ally di ‘The have, at times there

1 can be no rea long

delays which sometimes occur. The mail | which left Charlottetown on Wednesday

morning last, did not reach the post office | at Souris East, till nearly

Thursday, while the mail which left George-

town on the same morning, arrived on time. tr. Dingwell must do better. When the | roads are bad he should have, at least, two | relays, and should drive two horses instead ‘of one. The punctual arrival of the mails is a matter of great importance to the busi-

* ? one o'clock on

ness community of Souris.

Post Orrice Neepep.—A Post Office is greatly needed on the Grand River Road, about half way between Cardigan Bridge and Dundas, The distance from the former to the latter post office is eight miles, | Along the whole road, there is a new but

thickly country. Many people have to go four or five miles to get postal accommodation. The postman passes by their doors thrice a week. If a post office, or way office, were established | at or about the house of Mr. Alexander A MeGilvery, or Mr. Laren, it would afford accommodation to hundreds ef persons who greatly need it; and the expense of esx | tablishing it would be very trifling—only | the salary of the keeper. The attention of the postal authorities, both here and at Ottawa, is respectfully directed to this

i

j

settled

Farmers in the | matter.

ndred | c : | the stove where so heavily charged that in

of the.

| down to the sea | cation now than it used

| learning

| Kingsley,

| York,

| position, is estimated by the commissioner

great depth of snow, and denied |

that the Domipion Government were bound |

to open the lint no matter what the cost

was; but that they should tae the broader

c

have prevented the running e Island | Railway, and express the rie ian and | belief that the Dominion Government will, at the very first favorable opportunity, op. en up the railway for public traffic.

r. Pope’s resolution was carried by a

Jar

se ni i} wily. a “ J

is about

g George of Greece

ree ma

K in Lo the f ms.

The city of Albany has distributed 1000 tons of coal among the poor this winter.

join

Seventyseight thousand emigrants from United States landed at Liverpool in 1874. | the old saying about ‘those who go in ships,’ has more signifi- to have. 4 : | he ex-Queen of Spain has senta pres sent to the Pope, consisting of a magni- | ficent dinner service valued at $6,000, ‘What did he leave?’ shad a lady, on the death of a wealthy citizen, ‘Everything,’ replied the lawyer, ‘he didn’t | take a shilling with him.’ The eanonry in Westminster Abbey, va- | eant by the death of the Rev. Charles has been conferred on the Rev. Robinson Duckworth, Fellow of Trinity College, Oxford. .

A singular electrical phenomenon oc- curred at Mr, J. N. Rose’s house, Cal. durs ing arecent wind storm. <A ballof fire danced over the stove, buzzing like a small galvanic battery. ‘The pots and kettles on

taking hod or touching any part a stunns ing shock was experienced. The ball of fire continued to play jor about eight mins utes, and ‘cooking had to be suspended for a hour.

The value of goods imported into New by means of fashionable smuggling, that is by parties of respectability and at $128 000,000 perannum. A Congress» man lately returned from Europe, bringing with him fifteen trunks containing only personal eilects! It was afterwards found that the patriot had cheated his country, or the Custom House, out of more than $5000.

An objection against the London papers, one which would manifest itself very quicks ly on this side of the water, has just been raised against them,.especially against the Times. Itis that they seem systematically tc ignore the lighter matters happening in their own city. The Zimes spends thouss ands every year ia getting letters from

aris, frequently dull ones at that, by tele-

graph, when a tithe of the sum would pay for a comprehensive summary of local news.

The signatures to the * Declaration of in Independence” are fading away, and an eager citizen of the United States want them restored, He thinks an artist with a good mognifying glass and a fine pen could make the names appear ‘as good

as new,’ and he does not see why sig, natures invested with historical inter»

est should not be restored and touched up as well as valuable paintings. Of course he would go on exhibiting them as the “origi- nal” signatures, and should it be necessary, at any future time to treat the document as Wallenstein’s horse was treated, he would not hesitate to recommend a backing of new paper, etc. Touching up and res storing pictures, he ought to know, does not meet with the favor of connoiseurs,

who prefer to have a genuine picture, even ifit be faded, to one done up pert and

— so as to be quite unlike the original, Chronicle,

} member Se

| colonial and

tain re

| amended,

"| yinee. Mr.

| tention of th

i he

| Mr.

TT A PI a SU.

DOMINION PARLIAMENT.

(OTTAWA, eb. oan Alte r some unimport. Hon Mr. Yarn

roduced the Supreme Court

jl. pill he said the Court would have appellate, civil, and erim~ corpus,

ant business, Fournier (Minister of Ju tice) In e:.plainine the

il jut clic tion, in Cases of habees of sc eadeiiel andin constitutional cases,

Che bill also provides for a Court of |

chequer. There were to be two. courts, the one of Appeal, the other a tribunal of instance, but composed the same

Appeal to the Privy Council

is omitted, The number of Judges to be

ix. Clause 56 givesthe right to any Pro-

vinee to appear before the Court in any

‘ase of d spute between the Provinces and » Dominion

e second read- Bill.

place the

\ilitia Defence Amendment

iil moved th iti O1 the 1lment being to

Ma i

Che chief ame instead ofa

nilitia under a r-General

Deputy Adjutant General,

llon. Mr. Fournier moved the second | reading of the Controverted Elections | Amendment Bill

r. Biake suggested that the Judge in . : erechk to ag voided.

part of the costs }

the elect

enis, by whose acts on Was The Hlouse then went into Committee

na

to

ipply, harp discussion ensued

with respect certain Custom House

ibuses in Nova Scotia and New Brunswick,

between Messrs. Burpee, Mitchell,

| wright and Tupper. Feb, 24th,-—An item of $25,000 for stands ard Weizhts and Measures, was passed.

Another 035,000 for the Inter- other Government Railways in and N pass

Wew whether cer.

item ot $2

Nova Seotia Brunswick ed

also after a discussion «as to

ductions mditure were bona not Hon, Mr, ¢

amend the

in eX

s nie or artwright introduced a bill to

Act regulating the issue of

Dominion notes. lon. Mr. Fournier introduced a bill res

specting penitentiaries and inspection thereof. The amendment consisting of

substituting an inspector under the control

of the Minister of Justice for a Board of Directors lion. Mr. McKenzie moved that the res

| cord in the case of Louis Riel be read, and

said it appeared that Louis Riel, a member of this House, had been adjudged an outs law for felony. After some discussion by various members, Mr. Plumb moyed an emendment to the effect that no legal or

voted judgment of outlawry had been ren-

dered against Riel, and that he having | been indicted for murder, and has not been arrested nor plead to said indicts ment, and being a fugitive from justice, he

Hed from a House. The discus

Mackenzie then moved that the Speaker |

rrrant for a new writ Carried

141 to 16

some Giscuss

issue his w by a vote of After privile ~~

a Comm} itt Ce (

ion of a question

Vail moved the House into

f the Whole to cons

Mr. ider resoluti

First, that itis expedient to provide that the officer appointed to command the mi- litia of the Dominion shall be paid at the rate of $4,000 per annum, that the Adjutant-General at head quarters shall be paid $2,600 — resolutions House then ws

following ons :-- Seeond, The

carried.

The

the

militia bill. bill was and report were then ta

reported as received, The The item adjustment of salaries On the item of $25,000. for “Dr. Tupper

estimates ken up.

of $70,000 for the re- was agreed to.

Manitoba Mounted Police,

|asked if it was in contemplation to make jany ate

ration in the constitution of that and iaamen that itshould be incor, porated with the regular forces in that pro. Fournier not the in-

force

uid it was

e government todo so. Mr.

1 } +} DaarTea vy} , 20n toougnt the officers should have

power to punish for desertion.

r. Four~

i nier said the bill contained sucha clause. Item agreed to. The Item for Peniten-

tiaries, after some discussion was also agreed

}to. Afterrecess Dr. Tupper criticized a saree nt of Mr. Cartwright’s, respecting the lumber trade, and also that gentleman’s

also declared the firm of and he believed

Dr. Tupper with

financial lp ») icy ‘ had no Reynolds & Co. them to be upright and ieee

mmittee on Public

connection Fraser,

+ or

Veb. 27.—The sub-co

Accounts sat on the Fraser-!'eynolds affair. Carvell was too ill to attend. Mr.

Cudlip, Inspector of Customs, was examined,

'and testified to the existence of some irs | re erent te cae . ‘ reguiarities in the Hialifax Custom House.

March Ist.—The New Brunswick School

Question was laid over till Wednesday,

| March 3rd

Mills moved that the House go into of the whole, to consider a

Mr. a committee resolution that the present mode of con- stituting the Senate unconstitutional with the federal principle of our system of Government. Ile supported his motives in a speech of some length. After con- siderable discussion the House divided, and the motion was carried—yeas 77, nays 74.

‘The writ was issued for Provencher, poll- ing on the 7th April,

March 2.—The House went into commit~ tee of supply. There was a long discussion on the item of $1,000,000 for the Bay Vert Canal.

is

A core cut by the diamond drill, owned by Mr. Logan and others of Pictou. has been placed on the Reading-room table. The core was brought from a depth of six hundred feet. A similar core, seven feet long, extracted by the same machine, is to be seen at the Mines office.

Louisburg R, R.—We are informed by Mr. Gisborne that, with the exception of small sections of one or two earth cuttings, the remaining half of the entire route is now ready for laying the rails, both sleep- ers and me tals being already delivered up» onthe line. The early completion of the railway next spring is thus assured, and the wishes of the subcontractors to suspend operations until the enormous accumulas tions of snow have disap peares d have been agreed to. $5,000 to £6,000 additional expenditure is all that will be required to complete the contract.—C. B. Times.

The blacks of Virginia seem to be sinking back to the natural level from which Northern legislation too hastily raised them. Soon after the war the colored population were all powerful in that state. Even three years ago, a writer says,a visitor to the Virginian legislature would be struck with the bearing of the colored Senators and representatives, with the respect with which they were treated by their fellow Senators and delegates, by the ready and prompt obedience of the white pages when any one of the colored gentlemen needed to be waited on. The change in all these particulars is noteworthy. Now he says there is a complete overturn. The prin- ciple of civil equality, as it prevails in Massachusetts, is utterly overthrown in Virginia, notwithsta nding the Constitution. al amendments, Not being able to main- tain himself beside the dominant and do- mineering white man, without aid from the National Government, the black man has made peace with him on the best possible terms ; consequently he is now merely a free laborer—and of course a voter. Lis vote however will only give him 2 political value as it relates to national politics. ‘In all local affairs the negroas a political per- sonage will be suppressed. So absolute and complete is the subordination of the blacks,’ says this writer, ‘that no one could suppose that emancipation had ever been decided,

m cases should have power to adjuuge |

Cart» |

of |

the |

‘nt into Committee on the |

aoe res: er. tr oe ed

a

| pourThn ANNU AL REPOR ? > oF TRE

MERCHANTS BANK OF | PRINCE EDWARD ISLAND

Dinactors.—Robert Longworth, Esquire, | President ; Jobn F. Robertson, Esq., Geo. R, Be ser, Esq., Lon. A. A. Macdonald, Artes | mas Lord, Esq., Hon. L. C. Owen, Alex, Brown, Esq.; William Mel Cashier.

Ata gener: a meeting of the Shareholde rs held at “the Janking waae se,on Thursday, | the 4th day of March. 1875, the following Report was read .--

In submitting the Fourth Annual port of this Bank the Directors haye the satisfaction of informing the $ Stockh 1olders \ that the result of the past year’s business | enables them to give a highly encouraging statement of the affairs of the institution,

The transactions of the last year have been remunerative. No losses have been sustained, and the balance of those made | in former years has been written off. While the present state of the Bank is calculated toensure the confidence of the public, it must be gratifying to the Stockholders,

The gross earnings for the year amount | to $41,746.64. This, together with the bal. ance brought forward from last year, makes

ean,

$57,352.80 to the credit of Profit and Loss Account. Deducting from this amount

ithe two Dividends of Five per cent each paid during the year, and also other charges

per the annexed statement, will leave the sum of £26,556.68 net profits on hand, Out of this your Directors feel justified in ‘recommending that a Bonus of Ten rer Cent on the capital stock be paid to Stock- | holders, on and after Monday, the Sth day of March, inst. This willabsorb $9,733.33, and will still leave a balance of $16, 823.35 to be carried forward to the eredit of next year’s account.

The Directors, believing from past ex~ perience that a larger capital could be pro- litably employed, passed a resolution on the ISth day of January last, to increase the Capital Stock by the issue of new shares as provided by the 39th section of the Act | of Incorporation, and called a general | meeting of the Shareholders to obtain their

sanction and approval of the proposed ins | crease, at which meeting the following Re~ soiutions were unanimously agreed to:

Ist. ‘* Whereas, the Directors of the | Merchants Bank of P. E. Island, ata meet ing held on the [8th day of January last, to take into consideration the subject of increasing the capital stock of the Bank, passed —w following Resolution—

* Resolved, That inasmuch as the business of this Bank has largely increased during | the past year, thereby giving active and profitable employment to the present capi-~ tal of the Hank, it is the opinion of the Board. that in order to be able to afford, in the future, the necessary Banking facilities to the customers of the Bank, it is expedi~ ent to increase the capital stock by the issue of new shares, as provided by the 39th section of the Act of Incorporation,

And, whereas, a general meeting of the Stockholders was called in the manner pre scriLed by law, and the Stockholders have now met to consider the aforesaid Resolus

tion — “« Therefore, Resolved, That we hereby canc- | tion and approve of the above quoted Re-

solution of the Directors, and do hereby express our wishand desire that the capis tal stock of the Rank be increased in man; ner provided by the Act of Incorporation ”

2nd, “ Resolred, that the Capital Stock of the Merchants Bank of Prince Edward

Island be increased and raised by the issue of additional shares, to the number of fifs teen hundred, or fifteen thousand pounds of the late currency of this Island and that the Directors be authorized and directed to take such steps as may be necessary, under the 39, 40, 41 and 42 sections of the Act of incorportion, to carry this resolution into

” “Lit

4

ral Cc fle Ct.

"The Directors beg to refer the Stoekhold- ers to the following statement for further details :

STATEMENT. Assets, 4th March 1875.

Dr.

Liabilities and

To Capital,

| Bank Notes in circulation, 5445.00 | « “Deposits be aring Interest, 134 300.21 ‘ Teposits not bearing Interest, 95,636.46 Dividends unpaid, 113.55 “ Net Profits on hand 26,556.68

. UR. $56,788.95

4,198.08

By Specie—Gold, Silver,

987.03

—_——— $60, By Notes of other Ba ope mcor- . }

in th is Island, o Bank ices dia »from other Banks,

— “d,

Wakes

Acc Jud; gments : “a Mortgag Bank premises, P relimia nary

Expenses, &c., I

Profit and Loss Account. Dr. | 1875. | Mar. 4. To Curret it expenses for the } Year, ‘ne ‘Jud ding ss ularies Directors Remune ration, Rent, Stationery, &e.. & Divide nd No. ¢ ‘i 0. 5, 4.860. is Losses writte n off, 3,710.39 ‘ Preliminary expenses writ- ten off, 1,707.43 “ Tuterest, Commission, &c., 8,931.86 “« Balance, 26,556.68 $57,332.80 Cr. 1874. Mar.5. By Balance on hand, $15,586.16 1875. Mar. 4. “ Gross Earnings for the year, 41,746.64 $57,332.80 Moved by William Welsh, Esq., sed

seconded by Hon. Thos. W. Dodd, “ That the Report of Directors, now read, ba adop- ted.”’ Carried unanimously,

Samuel Prowse, Esq., proposed * tuat the thanks of the Stockholders be given to the President and Directors, for their efficient management of the affairs of the Bank during the past year; and that the sum of fifteen hundred dollars be paid for their services,’’ which resolution was seconded by Wm. Dodd, Esq , and unanimously agreed to.

The election oi Directors for the ensuing year, resulted in the re-election of the old Board