p.2 Route Of The New Boat - The new steamer to be commanded by Capt. Craig, will, it is said, run from Picton to Alexandria Bay. The boat will connect with through trains of the Canadian Pacific Railway, and the passengers doing the country will have the privilege of viewing the scenery of the Bay of Quinte as well as of the Thousand Islands. The steamer will not run till about June 1st. She will pass Kingston about 1:30 or 2 o'clock daily and give cheap excursion rates to those who desire to enjoy an afternoon sail down the river.
The str. Pierrepont may be running by the end of the week.
Mr. Wood, of Deseronto, will be mate of the steambarge Resolute this season.
A cargo pool will not be made by the marine insurance companies this year, but a hull pool, which is of less consequence to mariners.
It is reported that the new steamer D.D. Calvin will attempt to break her way through the ice to Kingston next Saturday.
Capt. Skellar, of Deseronto, will command the str. Deseronto.
It is said that no liquor will be sold on the str. Hero during excursions
The steam barge Thomas Kingsford will be engaged in the lumber trade on Lake Michigan this season.
The Belleville yachts have been thoroughly repaired during the winter. The sloop Gracie has been almost entirely rebuilt. She has been lengthened 37 inches, newly framed and planked. The cutter Sylvia is being lengthened six feet on deck. The Norali and Dauntless have both been fitted up handsomely.
The Late Mr. Nancollas - worked for D.D. Calvin and Mr. Lesslie.
RICHELIEU & ONTARIO STOCK.
Mr. L.A. Senecal informed the Witness that the amendments which had been made in Commons committee to the bill, permitting the Richelieu & Ontario to buy up $389,000 worth of its own stock, had not in any way altered the intention of the measure. A clause had been inserted requiring them to pay off all outstanding indebtedness before issuing any bonds and this they had been quite ready to accede to because they did not owe a single cent. They would not be able to buy the stock at more than sixty cents on the dollar, and if it went above that price they did not want it. They would be required to call for tenders for this stock, but that was always their intention, and their authority to buy was limited to a certain definite amount, $386,000 worth, and further than that they would never expect to go. The saving to the company would be about $12,000 a year, and during the next season he expected to be able to reduce the current expenses of the company by fully $25,000, while the receipts would remain just about the same.