1836 UPPER CANADA HERALD
(from P.A.C. microfilm B-2512, N-9627 is the same)
p.3 ...After the immediate business of the meeting was finished, a plan was laid before them for forming a Joint Stock Company, with a capital of £3000, divided into 600 shares of £5 each, for the purpose of rafting and forwarding staves from Kingston to Quebec. It was stated that from 20 to £30,000 are expended annually at Cape Vincent and French Creek, by the Schooners and raftsmen employed there. The greatest part of this money is British Capital, and most of the staves are brought from various places in Upper Canada. So that a large and profitable part of our trade is taken from us to enrich our neighbours.
The company propose to remedy this by receiving, rafting and forwarding to Quebec, all the staves which may be sent from any part of the Province. A most excellent place for rafting staves, has been found at the foot of Garden Island - a place superior to either Cape Vincent or French Creek; and the shippers of staves at the various upper ports, have been applied to, and they are quite ready to forward their staves by way of Kingston, as soon as preparations are made to receive them. Thus by the exercise of a little enterprize and skill, and a trifling outlay of capital, an important branch of trade will be secured to Kingston, and from 20 to £30,000 spent among us, to whom it legitimately belongs. The company is to go into operation immediately, and we have no doubt of their success.