The Goderich Signal-Star, 1974-08-29, Page 18•
. 1 c
p - G UTfERICH SIGNAL{ -STAR _ URSDAY,_ AUGUST 29, 1974
The bistory of the Canada Con* any
Continued from last week
Next; the form 4 of
management was discussed and
the Court ' of Directors stated
that the affairs, of' the Company
would be handledlby them from
London; acid in " Canada by
Commissioners 'appointed by
the directors (and who would
allowed n'a discretionary
powers of their own, but could
only act by permission granted
by the Court of Directors.)
The members were told that
every effort was being made to
obtain the granting of.a'Char-
ter' to the Company by the
King.
John -Galt produced a reap bf
Upper Canada, given to•hirn by
Rev. John Strachan, who was
on a visit to Scotland and
England from Upper Canada,
at that time. Rev. Strachan was
petitioning for the first Univers
'sity to .be built . in Upper
Canada; . and selling some of
the Clergy Reserves was
agreeable to him, providing, of
cours"e, "the price was„ right."
The money from the sale of the
Clergy lands could be used for
the University and also in-
crease the small salary the
Clergy were being paid in Up-
per Canada. -
At that time, and for some
years previous, many statistical
accounts and articles on Upper.
Canada were „written. A
reliable source of information
was written ;by ,the Solicitor -
General of Upper Canada,
D'Arcy Boulton.. He wrote, af-
ter touring every township in
the province, "I am acquainted
with -every part of the State of
New York...but, .with.'.the excep-.
tion of the Genesee country, I
,think the -(land) much inferior
to the '(land) in' Upper
Canada." '
"I JAM of opinion that large
capitals might be invested in
this country (Upper :Canada) to
,
•
Rich land, great scenery always an asset
a certain and great profit, and
instant .accuring tho...such in
vestment could not take place
without some confidential
agent on ,the'spot."
He• noted the cultivation of
flax, wheat, vegetable. crops
and flourishing orchards of
wild fruits and hops and also
the many streams filled with
fish,' water' power for grist and
saw mills and the vast supply
of timber. These 'living ,near,
rivers and lakes and easy ac-
cess for - disposal of their
produce;. and also, produce was
taken as pa , nent for land.
Dr. Wm. "Tiger".Dunlop was
in England„at this time, and he,
as well as the Rev. Alexander..
Mardonell were •familiar with
the rich loam lands of the
Genesee. Country of New York
State .bordering just south ° of
Lake _Ontario, Niagara River,
and part of Lake Erie shoreline
• to which D'Arcy Boulton com-
pared the lands _of a Upper
Canada. He had visited across
the width of Upper Canada,
starting at the eastern township
and travelled ,to Sandwich and
the Detroit' River, making,
. special calls up as far as Lon-,•
'don and to the central Grand
River region.
Since manly of the
businessmen who were in-
vesting in the Canada' om-
vpany had never beep to
'Canada, such:°'infortnation as
•the writings of D'Arcy Boulton,
interviews ;with Dr, Wm.
Dunlop and Rev. Alex,
MacDonell, as 'well as the
known success. of Wm: Dickson,
owner of Dumfries 'County in
Upper Canada,' gave them a
basis for their prospectus. From
'this they were willing to invest,
and sign a commitment to pay'
``to the government, one 'million
pounds over a period of fifteen
years, for lands in Canada.
NOW that the Company was
organized and cash was to be
deposited by the shareholders
'into the designated banks for
the Company, John Galt wrote
to Wilmot Horton, Secretary to
the Secretary for "War and the
Colonies, asking if this money
wasgoing to be used to pay the
.Claimants for War Losses (War
of 1812-14) for which he was
, still the commissioned • agent
and since the. cause of such
claimants had been the begin-
ning seed from which the
Canada Company had grown.
On August 7 Galt„received a
letter from Horton stating that
the Government was paying a
portion of the claims from
money received from sales of
land (by the Government)
which lands had reverted to the
Crown either from seizure, _in
the case of traitorsduring the
War or from abaridontrent. In
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'regard - to the Canada Com-
pany, the money could not be
used to pay the claimants. (Mr.
Hullett had stated in his letter
of °March 31, 1824, that . he
would have no difficulty in
raising the capital for the pur-
pose of forming a Land Com-
pany to purchase Crown
Reserve lands providing' the
money paid was to be used- in
making roads and canals in•the
province of Upper Canada.)
The first "Court of Direc-
stn s" for the proposed Canada
.Company, met again in the
London Tavern on'August igth
and Mr. Hullett stated that the
10,00.0 shares had been sold
and1 read a list ' of the pur-
chasers. The bankers stated
that over 35,000 pounds had
been paid to them. as the •first
instalment.
The. commissioners who
would ' go'• to Canada as
tlrespresentatives of the ' Com-
pany to evaluate the price to be
paid for the -lands, were chosen.
Mr. Simon McGillivray and
John Galt were chosen to" go to
Canada and were to be paid
1,000, pounds each and "the
committee - or treasury be -
authorized to„ draw 500 upon
the bankers as a gratuity to Mr.
Galt for his 'great trouble and
• exertion in the formation of the
Company.". • .
Early in September Dr. Wm.
"Tiger" Dunlop received his
appointment in :the Canada
Company. On. Sept. 4, ;1826,
•,from Canada House, John' Galt
wrote 'eto Wm, .Dunlop, Esq:
Sir:
I am instructed 1py the Court
of Directors of the Canada
Company to state that you were
this day -appointed Warden le
the
the Company's Woods and
Forests in Upper Canada."
On November 26, 1824, -"The
Intended Arrangements bet-
w•een. Earl: 'Bathurst, lis.
Majesty's Secretary of State,
and the Proposed Canada Com-
pany" were drawn up, asking
that a charter,of incorporation`
be granted. .
These "arrangements" .com=
prised 36 items, covering the
types, of meetings,' dates, and
payments of the Com;
pany,voting, 'shares, interest.
.and dividends to be paid; treat-
ment of 'people who were
'squatters on the land" and set -
dement duties for those taking
up land.
In the Memorandum, item
No. 3 states "The Charter will
then grantto such'?' gentlemen,
being shareholders, as the com-
pany shall nominate,' and to
other,• "shareholders, whether
present or future, a corporate
charter, e and the
stile of
the cor-
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por,ittion will be "THE
CA'4DA 'COMPANY.”
Item No. 5 states that the
specific object of the Company
thus created will be declared to
be that of purchasing waste and
uncleared lands in the province
of Upper Canada, and of set-
tling, clearing, and disposing of
such lands. •
Item No. 6 states: The •Com-
,pany is established witl,`t the
view of carrying into effect...the.
making of advances of capital
to settlers, the opening and im-
proving of roads, and other in-
ternal communications, and the
.promoting of cultivation of
• ' such articles. as can advan-
tageously be exported from the
province.
Item. No. 10. A power will be
granted to enable- the Court of
Directors "''to appoint two or
more commissioners, resident
in Upper Canada, -to conduct
the affairs of the Company in
that Province...su'bject to such
restrictions as -the direct,drs
may see fit to ,direct and im-
pose.
And No. 26, in part, reads:
Any amount of land can be pur-
chased. Land -can be.>purchased
in any part of his Majesty's
• dominions. In England land
purchase can only be to the
value of 2,000 pounds annually;
Item' No. 27: All things
necessary for ,cultivation and
clearing of lands may be sent to'
Upper Canada by' .the Com-
pany; and- they' will'' be em-
powered to' receive, and to sell
and dispose of, all goods and
merchandise which may be con-
signed or remitted to them. for'
such lands, in payments and
satisfaction of any rent or pur-
chase money arising, from the
occupation' orsale of such
lands Land they will further be
empowered to receive and
negotiate in England; bills of
Exchange,. notes; or =-other
negotiable securities for' money,
. ' which may be remitted -to them
on account Of any such rent or
purchase money.
• This item protected tthe
emigrant from robbery or loss;--
since
oss;-since he ':could deposit his
money in England and receive
a credit note for it for par -
chasing •or renting land in
Canada.
A Commission was granted
to the Commissioners appoin-q,
.'ted to value the lands of Upper
Canada. by King George, the
Fop rth.
The King appointed, as Com-
missioners for the 'Government
'of the United Kingdom,
Lieutenant-Coldnel Francis
Cockburn, to 'be the senior or
chief commissioner, and Sir
John Harvey, K.C.H.; and
these, along with John Galt
and Simon McGillivray for the
Canada Company, and a Mr.
John Davidson (to cast the
'deciding vote if necessary) were
t� go to.Canada.
On Dec. 29, 1824, th - - . :en-
tlemenreceived a-• o gthy list
instructs ns regarding -their
pointment to value the lands in
Upper' Canada, from the
,Secretary of State, Bathurst.
They were to study maps, inter-
view people, view the lands,
• find out the prices in all parts
of the province and make an
average estimate of the prices
tieing paid per acre. Full
-.reports must be made and at no
timewel'e they to apt i,n-
dividualiy.
The commissioners sailed oh
the Romney Man-of=War in
Januar and reached New
January York
on Feb. 25, .1825. They reached
Upper Canada . in the coldest
part of the Canadian winter;
fortunately, they found the
Provincial,; Parliament in
session. Members f -parliament
from near and outlying coun-
ties, who had been elected to
the assembly, were at York as
were the members of the selec-'
ted legislative council. The
commissioners questioned the
members' of the assembly from
the various, counties, regarding
the 'land • in their county "and
land prices; and also discussed
their mission with members of
to legislative council. The
commissioners 'were guests of
Rev. John Strachan who was
now back in• Upper Canada.
,John Galt was, sent several
copies of "The Adate" byfts
editor, William Lyon Macken:
zie; and sent a "thank you"
note for these to the paper.
This ' tle note seems inc lden-
tal but it was, later on, with
misuse by Iver, Mackenzie, the
cause of much ill -feeling,. bet- 1.
ween the government of Upper
Canada, John ' Galt and the
Canada Company:
On 'June 5th, 1825, the com-
missioners arrived in Liverpool'
and Col. 'Cockburn iminedjately
took their report to :the govern
The price agreed on by the
commissioners as the average
value of land• in Upper Canada,
was 3s. 6d. per acre.
While this report of the com-
missioners was being studied,
an ACT OF PARLIAMENT
"to enable His Majesty to grant
to a Company, to be incor-
porated`by charter, to be called
"The Canada Company, cer-
tain Lands in the Province of
Upper Canada and to Invest
the -said ,Company with certain
Powers and Privileges,, and for
other purposes relating hereto"
was passed on June '27, 1825.
The Act states that the, cor-
poration•..shall be a Body
Politic and Corporate, by the
name of "THE CANADA
COMPANY."
The lands, terms and
regulations are outlined; and
item 111 states that His Majesty
may substitute other lands for
the lands called Clergy Reser-
ves.
Several _items deal -with the
payments ,of shares,.- the terms,,,
of the Charter, and •a form .for
the conveyance of land to be
used when• the Canada Com-
pany sold land ' to settlers.
The passing of this ACT of
Parliament, was a step forward -
for the Canada Company; but
,it was ashort-lived pleasure,
because Rev. John StraclianE,
angrily denounced the price the
Can day Company were of-
fering, mely 3s. 6d. per acre,
as being far too low. This news
was brought to England by
John Beverley Robinson, Attor-
(continued -on page 7A)'
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1974 — 5'EDiTION.•
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