p.3 Welland Canal Notice - The Navigation on the Welland Canal will be open as soon as Lake Erie is free from ice. Western Merchants may rest assured that every facility will be afforded, as usual, in passing. It has been intimated in some of the Buffalo papers that the recent interruption in the intercourse between the frontiers of the two countries would impair the confidence heretofore reposed in passing property through our waters: we can assure all who may be interested, that our Laws are not only in operation, but strictly in force.
George Prescott, Sec'y W.C. Co.
St. Catharines, 21st March, 1838.
KINGSTON MARINE RAILWAY.
At a Meeting of the Stockholders of the Kingston Marine Railway held at the Br. A. Hotel on this day, for purpose of electing five Directors agreeable to the Act of incorporation; the following persons were duly elected:-
The Directors having adjourned till 5 o'clock, met at the house of Mr. Counter, where H. Gildersleeve was elected President, J. Counter Treasurer, and A. McNabb Secretary.
Kingston, April 2nd, 1838 A. McNabb, Secretary.
Statement of Cost of Marine Railway, including Land purchased of H. Earle Esq.
Dr. £ S. D.
Amount of Stock, paid in 4350 0 0
Profits, 1837 and '38 to the present time,
including Steamers on the Ways. 1125 9 1
Cash borrowed from Com. Bank, 1000 0 0
Bills Payable, Budden & Vennor, 198 13 10
J. Watkins & Co. 144 3 1
G.W. Yarker, 347 4 0
C. & J. McDonald, 400 0 0
H. Earle for Land, 125 0 0
Work required to be done to finish
Wharf, House, etc., estimated at 350 0 0
Kingston, April 2, 1838 8040 10 0
By debts due and materials on hand 1378 0 0
By Cash paid in, 348 shares 12 Pd. 10s. each 4350 0 0
By 185 Shares in Market for sale 2312 10 0
8040 10 0
The Stock Book will be opened at the Office of the Treasurer on the 10th inst. Persons wishing to take stock, will have the privilege by paying 10 per cent on the amount subscribed, and the remainder by Notes at 3, 6 and 9 months, with interest. The President and Directors have no hesitation in stating, that should the balance of Stock be taken up, the present prospects will warrant a dividend at the close of the season of at least 15 to 20 per cent.
J. Counter, Treasurer K.M.R.W.