United States or Laos ? Vote for the TOP Country of the Week !
Lawrence, and fixed all the disposable capital of the province in grinding mills, warehouses, and forwarding establishments. Peel's Bill of 1846 drives the whole of the produce down the New York channels of communication, destroying the revenue which Canada expected to derive from canal dues, and ruining at once mill-owners, forwarders, and merchants.
So serious had been its effects upon the economic conditions of the province that mill-owners, forwarders and merchants had been ruined "at one fell swoop," that the revenue had been reduced by the loss of the canal dues paid previously by the shipping engaged in the trade promoted by the old colonial policy of England, that private property had become unsaleable, that not a shilling could be raised on the credit of the province, that public officers of all grades, including the governor-general, had to be paid in debentures which were not exchangeable at par.
It had at one time a population of 100,000; buyers, forwarders of those Eastern and Western products; importers for their own behoof of provisions and corn. The government was a kind of irregular aristocratic republic, not without a touch of theocracy. Ten Men of a chief tribe, chosen in some rough way, were Governors of Mecca, and Keepers of the Caabah.
The Act, by opening a back door to United States wheat, foreshadowed the triumph of the cheap food agitators in England. But the merchants, the millers, and the forwarders of Montreal could not believe this. The canal system was rushed through; large flour mills were built, and heavy investments of capital were made.
Our visits to them are delightful memories and you know how we enjoy their sojourns with us. Jabez also became a Montrealer. The business of himself and brothers as carters naturally merged into forwarders. As trade grew it was found needful one should be in Montreal, and Jabez went. Levelheaded and full of resource he soon came to the front in the shipping-trade.
It had at one time a population of 100,000; buyers, forwarders of those Eastern and Western products; importers for their own behoof of provisions and corn. The government was a kind of irregular aristocratic republic, not without a touch of theocracy. Ten Men of a chief tribe, chosen in some rough way, were Governors of Mecca, and Keepers of the Caabah.
Peel's sweeping reforms in the tariff had rekindled annexationist talk; for while Lord Stanley's bill of 1843 had attracted all the produce of the west to the St. Lawrence by its grant of preference to the colony, "Peel's bill of 1846 drives the whole of the produce down the New York channels of communication ... ruining at once mill-owners, forwarders and merchants."
Word Of The Day