The Maritime History of the Great Lakes
British Whig (Kingston, ON), Dec. 22, 1847

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Our columns of today contain the particulars of a project that is going the rounds of the Kingston Press. Some alarm is excited at the idea of the Forwarders leaving Kingston, to take up a permanent location at Prescott; in which case, it must be conceded, that the formation of a Joint Stock Forwarding Company would be the salvation of the town. But, as we firmly believe, the Kingston Forwarders have no present intention of quitting their present quarters, we look upon it as the worst of suicides, to get up a Company, that if successfully carried out, may have a tendency to drive these desirable residents away. The Forwarding Trade for many years past has been the support of this good city. To do every thing to encourage that Trade should be the desire of every sensible man; since in its prosperity, we all more or less equally participate. Before we encourage the getting up of this particular Joint Stock Company, let us ask ourselves how much we all gain by the present state of the trade; and then let us see, whether we shall gain or lose by the proposed change. If all who receive goods from Montreal take stock in the projected Company, it will go ahead, and pay a handsome dividend; but we should ask ourselves whether the amount of that dividend will be equal to the profit from existing relations. Let us take a case. We are printers, our circumstances enable us to take ten shares of twenty-five pounds value each. Allowing these shares to pay ten per cent the interest of the investment will be only £25 per annum. Now, the portion of printing which we may chance to do for any one of the principal Forwarding Houses amounts often to £50 per annum; and this multiplied by a number of houses, would then show how much the balance of trade would be against us, were we so suicidal as to drive these people from amongst us. If in the petty trade of a printer, these disadvantages exist, how much more likely would it be found in the trade of an Ironmonger, a Grocer, a Provision Dealer, or a General Merchant. Now let us encourage the Forwarding Trade as much as we can; and when the Trade leaves us, it will be time enough to get up Joint Stock Companies in their room.






Estimated Cost of 3 Steam Tug Boats, of each 60 Horse Power, viz:-

Three Low Pressure Engines of each 60 Horse Power £8,100 0 0

Hulls, Tackling and Furniture, at each £800. 2,400 0 0

10,500 0 0

9 Covered Barges of each 1550 bbls.; hulls, tackling

& furniture @ £650 5,850 0 0

Office and Warehouse Furniture at Kingston and Montreal 150 0 0

Amount of Capital Stock 16,500 0 0




Wages per month ea. - 1 Master Pilot £12 10

1 Mate 7 10

4 Deck Hands 12 0

1 Engineer 12 10

2nd do. 7 10

3 Firemen 10 10

Cook & mate 3 15

66 5

Multiplied by No. of months employed, say 6

397 10 0

Provisions for 13 persons 6 mos. at $6 each 117 0 0

Fire Wood each trip to and from, say 60 cords

makes on 20 trips 1200 cords @ 6s. 3d. 375 0 0

889 10 0

Amount multiplied by number of boats 3

2668 10 0


Wages and Provisions for 5 months at ea. £25 per month 1125 0 0

Canal Tolls on say 5100 tons up freight, at 11s. 3d. per ton 3037 10 0

Canal Tolls on vessels, 240 trips at 60s. 720 0 0

Interest on Capital Stock per annum 900 0 0

Insurance on moiety of Stock 577 10 0

Annual Expense of Management, rent etc. say 3500 0 0

Allowances for Tear and Wear, bad debts, contingencies, say 2856 10 0

To Balance, Net Profits for one Season 12500 0 0

27975 0 0



Nine Barges, each making 20 Trips in the Season, makes 180 trips,

at each 1500 bbls., makes 270,000 bbls. at 1s. 3d. per bbl. 16875 0 0


180 Trips at ea. 30 Tons, makes 5400 Tons,

at say 25s. per Ton 6750 0 0

Each 50 passengers - 9000 at 5s. each 2250 0 0

9000 0 0

Casual Towage of Transient Vessels to and from Montreal,

say 60 at £35. 2100 0 0

27795 0 0

By Contra Balance Assuming Profits brought down 12500 0 0


The Undersigned hereby request a meeting of the inhabitants of the Town, within the City Hall, on Monday, the 27th December, inst. at 1 o'clock P.M. to take into consideration the foregoing Project, and the expediency of adopting the same, with a view to getting up a Joint Stock Company in conformity therewith.

Wm. Wilson & Co. J. Counter J. Strachan.

Thomas Kirkpatrick Henry Gildersleeve Hugh Fraser

John R. Forsyth John Mowat & Son Oliphant & Watt

Thomas A. Corbett Joseph Bruce A. & A. Foster

John A. Macdonald Robert McCormick M. Drummond

H. Smith, jr. J. Watkins & Co. W. Garratt

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Date of Original:
Dec. 22, 1847
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Rick Neilson
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Public domain: Copyright has expired according to the applicable Canadian or American laws. No restrictions on use.
Maritime History of the Great Lakes
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British Whig (Kingston, ON), Dec. 22, 1847