NAVIGATION OPEN. — Several vessels have left Detroit for Ohio, and there has been an arrival from Cleveland.
Grand River Navigation Company.
Pursuant to a notice in our last, a meeting took place, agreeably to the act for the incorporation of this Company, A. Shade, Esq., M. P., presided as chairman, and Mr. J. Wilkes as secretary. After arrangement of the necessary preliminary matter, books, for the subscription of Stock were opened, and 700 shares, amounting to £ 4, 375 currency were taken by those present. For so auspicious a commencement and the judicious measures adopted at the meeting for extending the subscription list, the projected work will likely be brought to a speedy close, and will form a valuable addition to the many improvements that have been made and are now in progress. The trade of the Grand River and the different streams capable of being made navigable, which fall into it will not only be valuable in themselves but will make a considerable addition to that of the Welland Canal, particularly in the article of lumber. The excellent pine and stave oak which abounds on the borders of these streams, hold out strong inducement to the Merchants to open an extensive lumber trade on their banks, which no doubt they will avail themselves of, particularly as the expenses attending such establishments, can generally be paid in store goods.
By another notice in our paper of today it will be perceived that a meeting of stockholders is to take place on the second day of April next, to elect directors and make arrangements for receiving proposals for the extension of the work. When the Grand River navigation is completed, beside the many other advantages which it will produce, it is no exaggeration to say that it will add one Dollar to the value of each acre of land lying within 4 miles of its bank on either side, which will comprehend probably 1,000,000 of acres in all. --- Mercury.