p.2 Welland Canal - We are happy to learn from St. Catharines, that the business on the Welland throughout the season has been brisk - that many new and handsome vessels have been added to the Lake trade, varying in size from two up to 400 tons - and that the tolls for the season have amounted to the sum of $120,000!
The Canal is still free from ice, and several Vessels on the Upper Lakes were expected to pass through in safety before the closing of navigation. Large bodies of workmen will be employed during the winter to finish the Harbor at Port Colborne, thus to give to the Lake fleet, two fine ports of entry at the foot of Lake Erie, Maitland and Colborne.
Now that the Welland and St. Lawrence Canals are in a fit state to pass vessels of 400 tons from the Sault Ste. Marie, or the shores of Lakes Huron, Michigan, Erie and Ontario, to the ocean, it is not easy to fortel what will be the amount of trade from the coasts of such mighty inland seas - more especially when the flags of all nations shall be permitted to pass and repass through them. Nor is it easy to estimate the revenue which the Province may derive in a few years from these new sources of wealth. It is fully expected the Welland Canal will pay 6 per cent, in 1848, upon the whole amount expended - of which expenditure, the greater part was obtained at 4 per cent. [Toronto Patriot]