~

A WEEKLY JOURNAL OF POLITICS,

“This is true Liberty, when WLreeborn Men, having to advise the Public, may speak free.’*’---Euripides.

LITERATURE AND

Wi A Wake. .s CHARLOTTETOWN, PRINCE EDWARD ISLAND. MONDAY, JULY 1, 1s67. [ NO, 3é B WILSON HIGGS, COLONIAL PARLIAMENT. | finance, or the issue of paper money, we eause at the end of acertain period we would ‘addition to the amonnts which they now If it were not for that consideration, ( might

Constantly on Hand.

SUGAR,

iu Hihde and Bbls.

MOLASSES,

in Puncheons, Tierces and Bbls.

General Commission Merchant |

ann ;

AUCTIONEER, P.E

Charlott@omr, ..... Island.

¥

May Ze.

107 ly

JOSEPH F, ELLIS, {THSUAAMES, SACLVIE,

ap AGENT,

RAISINS,

in half and quarter boxes. [RON and STEEL, W. W. LORD.

GEWVERAL STOCK BROKER, CONSIGNEE, &c. FIC FOU, N.S,

REFERENCES:

tHugh Hartshorne, Exq. Solicitor. ....... Halifax Ch town, April 2th. 124

Messrs. Black, Brox. & Co, Merchants. ... Halitax “ — J.B. Ulead, Req, Bunker. .........----- Halfux FISHERMEN ! Jouathan C. Allisou, Esq, Merchant. ..... Halifax ‘ John u Walker, Bey se eces ° ... St. JdJoha, a. 8

Ce Busivess respectfully solicited May 20. 1887

FRANCIS 8S. LONGWORTH,

Barrister and Attorney-at-Law, Geewe— PAVILLION HOTEL,

Henale

on

HL EB STARBIRD & C0.

HAVE RECEIVED AT TUE

City Hardware Store,

FUR

Cod & Hake Fishing,

; 55 Doz. LINES, 90 Gross HOUKsS, 9000 SNUODS tor Ganging,

600 lbs. LEADS,

SU doz. Splitting and Throating Knives.

Mackerel Fishing,

superior BAIT MILLS,

mext door to Hew. doseph s} Tharlotictown, -- - P. B.istand. Jan. b4. 1867 i. fetta S. W. DODD, M. D., Physician and surgeon. RESIDEN. B: JAMES M. PIDGEON’S, Ese MARGATE, P. E. L.

20

June Le rng. _ due Sin a 100 doz. Bart Mul KNIV Es, ee : » 7U do. LINES, 320 Gross HOOKS, THOMAS W. NAY, 24 do. Snappers, 600 JIGS, Surveyor and Conveyancer, 40 do. Jig Rasps, 150 ibs. Pewter, Gleustewart - + - Southport. 62 do. Splitting and Bait Kuives,

Manilla and Hemp Cordage, Paiuts, Vils, &e.

A good assortment of ooper’s Tools,

Charlottetowu, May 13, [867

REFRRENCE: The Surveyor-General, Charlottetown. June 10,1867. by a . Ny

Flovr, Tea, Sugar, Molasses: Gin and Rum, &c-

WE ' b . > #1 Subseriver bas in Store and for Sule—

OR, REDDI

Atternen and Barrister - at- Law, CONVEYANCER, Xe. F Office: -- Great George Street, I

ll thds. Bright Porto Rico SUGAR, Charlottetown. : V5 Puus. Bright Retuiliug MOLASSES, ( Near the Catholic Cathedral.) SU Pus. Dewerara KUM, Pale & Colored,

LW Chests Superior Congu TEA, % Uleds. iolland GIN, Sow hls Superior Extra FLOUR, SU Buxes Liverpool SUAP, Li) Bundles White Cotton WARK r. | Hids. and Qe Caske Pale BRANDY, | thads. Port wud Sherry WINE OWEN CONNOLLY.

j Ch'town, 25th Feb . RO | —— Now Landing, Ex L. C. OWEN, from LIVERPOOL 94 Boxes Liverpool! Soup.

R. W. BRECKEN.

Peake’« Brick Building. June 3, i867,

September $, Itai tf

CARD. THOMAS KELLY, Darrister-at-Law, Notary Public, ANL CONVEYANCER, Summerside, - - - - - P. E. 1.

lv ped

F. P. NORTON,

Commission Merehant,

Ant

Auctioneer. GEORGETOWN --- P. &. ISLAND Oetaher 24 inn

A. MeNELLL,

| i

duu

TO FISHERMEN. FANIiL Subseriber has on hand at Cascumpec, 3.000 Ash-bound Mackerel Barrels, wanu- | tactuted Chis seasou. which will be seld in Lots ie cuit putehasers. Apply to CARVELL BRaoTHUERs | jiv Chariolleluwn, or tu the Subseriber at Cas- eu per ,

iv

FLOUR. CORN-ME£AL and RICE,

DEBATES AND PROCEEDINGS OF THE LEGISLATIVE COUNCIL.

Tnurspay, May 16th.

LOAN BILL.

Hon. Mr. MceDownatn, on rising to move for the second reading of a Bill to authorize the Government to raise a loan of money fur the public service of this Island, said: This Bill has been introduced to enable the Government to borrow £100,000 aterling. They can borrow a part of it in this Island and a part in Great Britain, wherever it is found most convenient and advantageous to do so. It also provides for the payment of the amount borrowed, by the establishment of a sinking fund, or by setting apart £5 per hundred of the amount, whieh will pay the principal in twenty years. 1 dv not think any of your honors will object to a measure of this kind, in view of the great difficulty of getting ex-

change and the great want of circulating |

medium at present experienced in the country. Members, who have been opposed to the pris- ciple of # Loan Bill for years, have begun to see the utility of a measure of this kind. Lf it is borrowed in Great Britain it will bring a large amount of bills of exchange into the market, which would be a great benefit to the country, 48 a want of billy of exchange is very seriously felt at the present time. It would also enable us to have «a larger umount of ctreulatipg medium money may be used for the payment of the estates, already purchased by the Gevern-

went, a8 well as for estutes which way yet!

come into the market and be

hereafter.

purcbased

Hon. Mr. Patwer: A bill of such impor- | tance tu the Colony, is one which would be expected to call forth different expressions of |gpinion on the part of your honors; and | | cannot allow it to pass without offering afew | vbservations upon it, more especially as Lam | nottavorable to this method vf relieving the }country trom what is jelt to be an embarrass.

mens, particularly among the commercial classes of the community. Though it 18 @ commun, and, perhaps, » legitimate, thing | for the Legisiature to step turward when such ap emburrassment occurs, and devise means to relieve it; yet it is uquestion which should be weighed with culm and careful considera- tion, and nuthing should be resurted to but a meusure that would obtain the confidence of | all classes of the community—one that they /would feel was based on sound and politic pringiples—and such as could be resorted to by any parcy or Government, | csunot say, however, that I conceive the present Loan

Bill tu be ove which is likely to be successful. ‘nature of it.

[have no doubt pat those who originated, und those who support it, are uctuated by the best intentions in desiring to relieve the| etuubarrassment to which [ have aliuded, by | giving ease to the money market, but | think | it is &@ mistaken policy. This loan is tor) giving present relief; but a day of reckoning | wiust come, and if we ure not as fully pre-| pared Co meet it, as the exigencies ol the cuse

| way require, We way have wo ** pay tuo dear lor

our whistle’? Lo fact, it may be considered | ao similar in many respects to * Vaddy’s’’ | plan ior lengthening a short blanket, ** to | cut a piece off one end and sow it on the} other.”’ Lam also of opinion that very little | hope can be entertained of its being elective ; |

It provides that the |

‘land will be in a worse position than before,

| should not lose sight of the fact upon which all parties must agree, viz: that money is or | should be nothing more than the representa- tive of value,’ and what is not real money should be based upon property of some kind. Commercial embarrassinents sometimes arise though there iz 2 sufficient amount of proper- ty belonging to those who are engaged in commerce, but which is not available at the time, and, consequently, embarrassment in trade is caused for want of & circulating me- dium to representit. [ do not look upon that as being the case now. It urises, not from the means being locked up, but from want o! property to represent it. We hear a good deal about the vast amount of shipping sent fF and not sold, but L look upon that as not being such a sound representation of property as some who desire to put this question in the most favorable light, would endeavour to make it appear to be, for 1 must adopt the old phrase, that ‘*an article is not worth more than it will bring at auction.” ‘Then, turning to another staple arcicle of our trade. | we have not got any lurge quantities of grain waiting for market; on the contrary, we know that it ig tuo scarce in many localities for seed. So then we are at present really and truly without that which should represent money ; and there it is that we should draw the distinction. and legislators should pause before they would give their assent to a mea- sure to relieve that which is not a wholsome stute of trade—we should hesitate before we would put large sums of money in eirculation, which, perkaps, we would not be able to pay for when called upon to do so. A foreign loan, perhaps, would not be met eo easily as It is not

|

|

| what f may term a domestic loan,

;my intention, however, to offer any amend- |

lment to this bill, yes, if { supposed that 1 could curry a measure to authorize the issue of |treasury notes, [ might be induced to pen }sumething, but [ feel assured that it wou |} be labour in vain: for as this bill has passed ithe House of Assembly by a large majority, }and as it is one affecting trade and commerce, jone which it is supposed that House has more /especially to do with—it would be in vaio for |me to attempt to carry anything in opposi- ‘tion to it; though I am confident that the proposition for a further issue of treasury | notes, as was prayed for in @ petition pre- jsented to the Legislature, and which [ am | surprised to find was not even alluded to in | the House of Assembly, would be a sater and | better way of meeting the exigencies of the lease, I shall pot, therefore, offer any ob- jection to the bill by way of obstructiun, or 'take upon myself to vote against it, but I feel | that | would be doing less than my duty if 1 did not give expression to my opipion of the In the event of an application | for a loan not being successful, then the Is-

and twelve months will elapse before we can get ap issue of treasury notes. flon. Mr. Anpgrson: No doubt something

pay, a farther sum of £11,000 or 12,000 a year; and this amount must be paid yearly, or half yearly in gold or sterling bills, mak- ing in 2 upwards. Your honors, Ll feel confident, will weigh with care the provisions of this Bill, and will not give your assent tu any measure which must tend to depress the en-

have to pay for the money borrowed and per- haps ‘* to pay too dear for our whistle :” but the bill provides for asinking fund. Weare not borrowing upon ewpty air, but to pay the instalments upon the proprietors estates which will ali be paid long before the loan becomes due. Then if the estates are purchased by the tenantry, the Government will be ip a position to pay the loan. Therefore | do not think his honor’s position is tenable. Then he spoke of the difficulty of procuring this loan. Well, it is impossible to say what the state of the money market will be, but I do not think our prospectsare 80 very dishearten- ing. Lobservethat the Colony of lately required a Joan. It was disposed of in the Coglish market by tender and realized 1023 percent. Thatshows that tle Eaglish money market is not inaccessible to the Colonies, | ‘Lhe Republie of Chilli also required a loan of two millions, and when application was made for it they were offered seventeen millions. .Now, from these circumstances | conclude that the time to apply to the London | market is not anfavourable, and I cannot coincide with his honor’s views that we would | meet a rebuff. I aw more disposed to look at) the bright side of things. Then his bonor| chasing bis farm at an equitable price ; and spoke about guarantees, and he gave us nojas the present Government appear to desire hope of a British guarantee. is so, and i might reproach the British Government for their backwardness in assist- ing us to settle our Land Question. I think it was their duty to assist us, and { say this | advisedly in view of the fact that their own commissioner, in common with the others, re- commended st in their report. They laid the ‘whole blame upon the improvident manner| interest. I am sorry that is not part of the in which the original grants were given, and! Bill. Still, however, I shall not oppose it, as ‘all these circamstances combined renders it|[ um anxious to bave the land purchased. I art of Her Majesty's | know that I have given dissatisfaction tu some ef the residents of this town by introducing the resolution to which L have alluded a few

Colony, and retard their commercial pros- perity. For these reasons I wust give the Bill my decided opposition.

Hon. Mr. Breer: Your honors, the hill an- der consideration is brought forward ostensi- bly and, [ trust, really co settle the Land question. When the House was in cotmmit- tee upun the despatches 1 presented a reso- lution having reference to a prospective compuleory measure, and | was met by the argument that we had not the means to pur- chase the proprietcrs’ estates; but that, if ‘this Loan Bill would become law, that then money could be borrowed and the question settled. Therefore, as | am exceedingly un- xious to bave that question settled, L wil! not offer any obstruction to this Bul. [ want to

| them. ‘instead of being about tu borrow £60,000 in the Colony, they were abouf to issue £40,000 )i | 000 or £70,000 in England. That amount of Treasury Notes would circulate as freely as any other money, and would save £2,400 in

| more blamable on the p Ministers to refuse to assist us by guarantee- ‘ing a loan to settle this question. If we had

ld | that there would be no difficulty in obtaining 'daysago; but the ductrine that private rights |

'a loan, and we would perhaps get it at two) have to give way to public necessities 1s not per ceat. less; but we are told that they are lanewone. It was advocated by the Islander | not prepared togive such aguarantee. They | pewspaper some years ago; and even this | gave such a guarantee lately with respect to) very week by the Examiner, an extract from the Inter-Colonial Railway, but that was an | which I will read :— exceptional case. One more remark with : Fr * * ; | respect totreasury notes. flishonorheldtbe| That is the very same doctrine that I pro- reins of Government for some years, and | pounded lust week, and ‘numerous instances think if there was avything good in the | can be found in Great Britain and Ireland tor

is required, but 1 think we are now looking for too much. ‘The interest of the proposed | loan at six per cent. will be £9,000 a yeur, |

jand in twenty years—the term for which it is |

proposed to borrow the money—it will) amount to £18,000. Now, if there was land enough offered to the Government to require such a loan as that, 1 might be induced to support this bill in order to clear the Island of the leasehold system, but I am of opinion that if un issue of treasury notes to the

' }

conservative party it would have come compulsory legislation. [ might also refer to light under his auspices, but he re-/to the abolishment of tne Signorial titles tired from the leadership and gave place | in Canuda. In Great Britain railroads to another gentleman, of whom [ will/are constantly being constructed against not speak,as he is not here. IL consider the wishes of owners of land through that it was an evil day for the Island when | which they pass, but they are cow pelled to he yielded the reins of Government to any | give way to the public necessities of the case, of his coadjutors. Bat if it was his opinion und take whatever a commission will give that w further issue of treasury notes would) them for the injury they may sustain. i do be beneficial to the country, why did he not | not know but | should do something similar adopt that course then? He had an oppor- | with the proprietors. I am not an advocate tunity of advocating such a measure for/for taking their properties without suitable eigh* years and did not do so, and he comes remuneration, nor do I question their titles forward now to instruct the present Govern- | for I believe they are good. ‘Those proprie- ment in what he conceives to be their duty. | tors who still refuse to sell might see what We are fully aware of the evils of the Lavd | other gentlemen have taken, and they should Question, and we think we are doing our|take something similar. I alluded to the duty in introducing this measure to settle it. | Rey. Mr. Montgomery and to Mr. Haythorne f we wish to see this Island take its proper | who have sold to their tenants upon very position we should take steps to settle this| favourable terms. 1am aware that a good Land Questiun, which has so long retarded | deal of dissatisfactioa has been expressed that its prosperity, and we cannot do so without |! should have moved in the mutter I did, but eing in a position to make the small proprie-| 1 believe it was by those who take exceptiun tors an offer for their estates. Some remurks/|to the stand [ took upon the contederation

have been made with regard to ships; and it ‘scheme. However, as this measure is intend- |

is & lamentable thing tu see such a lurge | ed to settle this long-agitated land question | auvunt of property lying unsold in the I will not offer any opposition to it.

0 years, the nice sam ot £220 000 or.

ergies of the industrious people of this)

see every tenant have the privilege of pur-|

ladmit thatit|a loan for that purpose, [ shall not oppose | At the same time, | could wish that, |

on Treasury Notes, and to borrow, say, £60,-)

say, like his honor who spyke leet, that the amount was too large. but [ do not see that there cun be any harm in entrusting the Governinent with a large loan, Uf is is used with discretion there will not be anyunneces- sury loss or expense, and I om satisfied that they will only use the money as fast as land comes intothe market. Whatis the use to talk of purchasing proprietors estates if the Gov- ernment is pot ip & position to pay for them? And it must be evident that the state of our ‘finances is not such as to warrant the Govern- ment in purchasing lands to any great extent without a loan from some other country. Tf think we should all anite in carrying out that desirable object, and I hope to eee the day when there wil! be very few discontent- ed tarmers on the Island, and when the Government will have to boast that they _bave made them free and contented by carry- ing out the provisions of the Land Purchase Bul. The late Government done much toe break the yoke of proprietorism, but the large purchases they made have been heavily felt by the country, und now we have nus mney to purchase more estates. For my part | would not think of opposing an reasonable measure to carry mo Saco Purchase Bill. 1 believe every member of the Legislature voted for extending the visions of that Bill last year, att am glud to see that the majority of this House ie of the same opinion still—that you do not in- tend to obstruct this Bill—but will give the Government @ fair opportunity of carrying out that great measure under which 80 map tenants have become freeholders, and whic is so well caleulatdd to put an end to she proprietory system in this Island. I will give the Bill my hearty support.

Hon. Mr. McDonarv: I am pleased to find such a general desire on the of your honors to support this Bill, though [ was surprised to find my colleagae (Mr. Gordon) take a different view, and one which § do not | think the facts of the case warrant. Ie com ‘sidered that we were only putting off the ,evil day ; but we must take the circumstance ‘intu consideration that, in purchasing the rights of proprietors, the t generation are assuming a burden which should be borne by posterity. He says that the interest of the loan, together with the interest on she present debt of the Colony, will amount te 414,000 a year ; but be knows very well that the greatest portion of the present debt is entailed upon us in consequence of the large purebases of Township Jands which have been made, pacticularly those recently pur- chased, which cost the Government when £80,000. The interest apon that sum slose would be £4,800 a year. The whole debt of the Coluny is about £133,000 aad the interest about £8,000. Now, if this ioam ie obtained, it is contemplated to devote a por- | tivn of it to the payment of the principal of

the debt of the Colony, which is now bearing interest. fis honor also said that, if the loan was negotiated abroad, we would pro- bably have to pay £1000 @ year to an t, aod commission besides, bat [ do not think the facts of the case will warrant such a statement. Besides there is a possibility, ae uis honor from the First District of Queen's County (Mr. Balderston) said, that a portion of ib might be burrowed in the Island, so that it might not be necessary to berrow abroad for some time to come. It will depend very much upon the estates offered to the Government, and the terms upon which

} ! |

Auctioneer aid Commission Merchant. MASON’S THREE-STOREY BUILDING, Dorchester Street. a cs hoo #. E. Islaad July 22. tf | CHARLES QUIKhM, MANUFACTURER

we

Square Rod, Gents’ Bright

Natural Leaf Good Smoking TOBACCO. Queen Sireet, Charlottetown,

Junuare 20. 1867

a

CARVELL Bb AUCTIONEERS, GENERAL AGENTS,

: - PEL

lv

ASD

Commission Merchants, Cuarletietuwu, - - Prince Edward Lolaud, AGEN T+ FOR

New York Board of Underwriters, Moston Board of Underwriters, Eastern Express Company, Fairbank s Patent Standard Scales, Gowrte Coal Mines, Cow Bay, C. 2B. Fishwick's Express.

Tr CASIf ADVANCES made apon CONSIGN- |

MENTS received, or wheu sent to their Aveuts abruad. April 30, 1866.

- SMPORTATIONS = For Fall Season, 1866,

AT THE

British aWarehouse, COMPLETED.

——=—

ue Public in geveral will find in our Establishment a Large and Varied Stock of

Dry Goods and Groceries,

tuet will compare favourably with aby in the market,

aad will prove to purchasers second to none, fur style, value, and price.

Jaspection sulicited. W. &. A. BROWN.

~NEW GOODS!

SPRING & SUMMER, 1867 Glasgow House.

T ven

(20

' i | }

}

GEORGE W. HOWLAN.

Cascumpee. May 20th, Is67

FOR SALE. Hihds. bright SUGAR, 25 Puuos MOLASSES, 100 Sides No. | SOLE LEATHER, sv Bags CORNMEAL, 25 Canes fine old Pale BRANDY, 20) Qt. casks Hennesy’s BRANDY 3 Puns. fine old Demerara KUM. A. H. YATES. Telegraph Buildings, Water Street, June )0, 1867.

4

her <y

}

ithe lumperal Government.

fur, when [ look at the present temper of the | amount of £25,000 or £30 GOU were author- British people, L think there is littie chance | ized it would meet our present requirements vt obtaining a jown witbout the guarantee of} and would save wu large amount to the Colony Tuat was not| by way of interest.

weked fur im the Bul, and if it was 1 do pot) Hon. Mr. Hayruorne: [ rise, your honors think i¢ Would be successful. ‘Lhis may be} to support the bill, and [ do so with great seen from declarations of members of the | satisfaction, because it is a measure which, House of Cowmons and of the Government, |in wy private capacity, I have adyvcated for that itis unly sn view of carrying such a|years. J think it affords a favourable pros- measure asthe union of the Colonies that, pect of bringing the long agitated Land they would guarantee a loan jor the Luter- | Question toa conclusion. Of course | cannot colunial Railway. They koew that the | say what success our application will meet accowplishwent of that object was the main | with, but [think we are in a position to make spring of the bill of union. Lf that were nut|such an application. Lt is not to be expeeted guaranteed by the representatives of the | that a bill of this kind would pass without Provioces there would be pu unin; for the |oppusition. [t was opposed in the House of |

ROTHERS, —

“

| 40 Boxes RAISINS,

HE Subseriber begs to acquaint his cus- | towers, aud the public, that he bas, by | 6 Bbls. Kerosene OLL, 6 Bbls. Red ONIONS,

EDUCATION, LANGUAGES, —

PY Undersigued teaches Latin, Greek,

French, {talian, English Composition, Gene- ral Histury, Drawing, and Perspective. He is also willing to read for aud select the literary depurt- ment of & LeWspuper.

J. Fk. NEWBERY,B. A. Christ Church, Oxford, King Street, Clh’town.

‘ | | }

GEORGE

|

|

_ April 15, 1867. VERY tsudsome and superior toned Cottage Cabinet 6] Octave PIANOFOTE,

Rosewood Case in excellgnt order, for sale, | Urigifal cost, Forty guineas

DOUGLASS, Kent Street.

Ch'town, March 25, 1867. i J OTICE is hereby given that a dividend

j of Five Pounbs per centaum ou the Capital

| last half year, hath this day been declared, and is

yuble to Stuckholders furthwith, on demand.

j

WM. CUNDALL, Cashier.

| June 10,1867, dw

| A T @ Meeting of the Board of Directore,

| beld this day, it was Resolved that a Dividend

| declared on paid up capital of the Kauk, payable | ow aud after the tth instant. JAS. ANDERSON, Cashier. Ch'town, Ist June, 1567. [June lv.

Pianoforte for Sale. A i | For particulars enquire of Mr. BANK OF P. E. ISLAND. | Stuck of the Bauk of Prince Edward Island, for the By order, re ua oe emt Union Bank of P. i. 1. jof 6 per ceut., for half year euding Ist instant be By order v — ‘ West India House,

|

| Upper Great George Street.

CHRISTMAS, 1866. FENELE Subscriber offers for Sale, at his

Store, the following, via: 1L Hhds. Strong Demrara SPIRITS, Hiids. Holland GIN, Casks Port sud Sherry WINE, Cusks Hennessey's Durk & Pale Brandy, Casks Sevich Whiskey (Prime), Casks Irish WHISKEY. 0 Doz. Ediuburgh ALE, 6 Cases CHAMPAGNE, a0“ Bloods xxx PORTER, Cases CLARET, 3 bbls. CURRANTS, 2o4deo KAISINS, Bays KICE, 60 Boxes FIUS, Baus PEPPER, |

Chests Superior ‘TEA, Bbls Crashed SUGAR, Casks Washing Sopa, Hhds. aud bbls. P. Ro =Hhds and Boils. PR. MOLASSES, SUGAR,

the Undine and L. C. Owen from Liverpvo , | 20 Doz. Am. BROOMS, 2 Doz. Aw. BUCKED,

Empress aud County of Pictou from Glasgow,

—Also—

Ateona trom London, completed his! A large stock of Spices, Pickles, Fruit, &c., &c..

DPRING LMPURLATIONS, which cow prise |

usual assortment of Maple and Fancy Dry Goods, GROCERIES, &e. &e.

suitable for the season.

tien, aud will be sold cheap for Cash.

LEMUEL McKAY.

Charlottetown, Dee. 17, 1sts,

|railway was the life and spirit of that bill,| Assembly, and no doubt it will be opposed ‘and, therefore, they were obliged to give ajhere. Yet I am rather at a loss to conceive guarantee to raise money for that raiway.|from what quarter opposition can come ; Nothing but extreme necessity such as that certainly not trom those who advocate the in- id induce them to give @ guarantee, and | terests of the tenants, and not from the pro- | [ teel assured that, were we to usk for such a| prietors, for the interests of both are combined. \favor, under the most pressing sulicitations, |[t is the interest of both to bave this Land they would not listen to us, but wuuld give | Question settled, and 1 do not see bow such | | us a very short and negative answer. I[ think, |a sulution can be arrived at unless the Go-) | those who introduced this bill have felt that, vernment have money to purchase the estates | and,tweretore, they bave notasked furaguaran- | when they are offered. I supposa the land | tee. As tow joan of money being raised with- agents will object to it. Some of them have | out tbat guarantee, | do not think there is any | made fortunes, but [ will be glad if this bill | ‘hope of 1t, and the country will then be Jett! will have the effect of putting an end to their in @ worse condition than betore, for the | occupation, and would like to see them em- |attempt will have failed, the hopes raised will ployed in ulling the land which would be | have led parties to anticipate easier times, to | more beneficial to the country and perhaps ‘relieve them of commercial embarrassment, | better for themselves. Llis boner from the | (and they will, perhaps, Lave been induced to | city (Mr. Palwer) has made some objections | lspeculate more lurgely than they would | to this bill, and when he was speaking a oe otherwise bave dune. Great disappuintuent | days ago upon the Land Question be used the (may im this way be met with. Now, | may term **cvercion.’’? He almost challenged the ibe asked, “if you will not agree to this Bill, | Government to state whether they were going | lor to @ measure of this veneral nature, what|to coerce the proprietors; but we are not | do you propose ?” And | confess that | du | going to full into the same error as they did | inut like to be open to the accusation of | when they stated that they would settle the | ‘acting * the dug in the wanger,’’ so as pei- | Land Question in eight months. ‘They thus) ther toalluw this to Le used nor offer a better | raixed the expectations of the people, and a| ‘remedy. L think the means are withio our- | state of things supervened which bad w most, | welves by an issue of ao adequate amount of |divastrous effect. We are going to tuke! ‘treasury notes. That would give great re- | warning by their errors and will not make | fief, and I think it might be ventured upon suvh promises, but we are coming im with a with perfect sulety. Of course, treasury measure which is imperatively called for, and | notes would require to bave provision made | which I hope and trust will be suce sstul. 1 } by which they could be redeemed, and one- advocated this measure out of doors at the) ithird, at least, retained to provide a fund to time the Troops were brought here to do the jmeetthem. Such was the seheme propound- | work of Bailiffs. The question bas been set ‘ed upwards of twenty years ago, and to) atrest by a despatch stating that the ‘Troops ‘which the lwperial Government objected; | were brought here to culiect rent for the pro-

|; wou

British Market; but [ do pot think his honor’s stautewent when in Canada, that we were able to export a million and a half of grain, is compatible with his statement here tuday. [ admit that our farmers are not ev screntific as they should be, but the first thing is to put them in @ position to becowe trechulders; then there is a system springing up which will soon renovate their worn out lands. 1 allude to what | may term the wussel-mud industry. There is nothing, | um persuaded, in which our farmers could engage which is so well calculated to im- prove their farms and increase their pro- duction. I will only add, that I hope the introduction of this measure will be the beginning of the end of the Land Question.

Hon. Mr. Lorp: I do not know that it is/are offered ; though £150,000, if borrowed worth while to express my opinion, for I think now, could be invested, to a great extent, in is

all your honors are fully acquainted with my the payment of the debt of the Colony, u views upon this bill. 1 go heart and hand in | which we are now paying interest.

getting it passed, and | hope we will not be | honor from Bedeque, (Mr. Anderson), was disappointed in getting aloan, It is impress-| much alarmed at this Bill. He made up the ed upon my mind, ard his honor who spoke | iMterest upun the contemplated loan at £9,- last shows, that we are gaining ground upon 000, but he forgot that weare paying interest our opponents, Ile appears to be very wuch | tv the amount of £8,000 now. He also alarmed that the peopie will be taxed aod op the large amount of interests which the ruined. Now, [ thought money was the | Colony woud be liable for when the prinei- sinues of trade, as weil as of war, and when pal of the loan would become due ; bat if we there is a depression in trade what does a few | Were to figure up the mmterest upon the debt thousands of pounds by way of interest 0! the Colony for twenty years in the same amount to compared with the benefit of having Way, 't would be an extraordinary amount im

{ think the ewal! our estimation. Bat we mast not lose sight

money in the meantime. proprietors will take a fair price tor their

| estates, and without that we do not wish to | take the:r lands; but we want tu see that) they shall not be allowed to hold the tenants in bundage any longer. 1 remember theday | when the whole Island was in w wilderness | | state, aod many a poor mao bad to sell, per- : eau

supporter of proprietors, but having passed | b8ps his a at pay " inte aoe the best part of my life among the working | teed os ra . ne le 7. ha ae =e people of this Island, and boasting of being | ived on ae et af se sm “4 ee Feri a working man myself, 1 trust 1 am io a} —- yi! Pag petiar? recat ts ome oF PONE position to give an unbiassed opiinon upon | 0MOTS Chink If wou A Lee Pree

| treasury notes, but {am of adifferens opinion ;

and suppose the nutes were issued, and [

the merits of this Bill. Lt is certainly a| Bill which demands the most serious and} , ; wanted to purchase bills of exchange to wake | 3 to England, 1 could not do so,

Hon. Mr. Gorvon: Your honors, from the remarks of his honor from the second distriet of Queen's County, who has just spoken, we would be led to suppose that the golden age was about to dawn upon this [s- land. Now, [ am not a proprietor, nor 4

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deliberate consideration of all the members | ™' eee of this House; for, to your honors, ag the | Tmibiance

guardians of the people’s rights and liberties, | without paying a large discount, but if we x the duty of seeing that no | Set the loan contemplated by this bill, we

is entrusted ; er : } will have just the money we want witbout grinvices Pardons 008, pupere’, ip PP. Smeets | being nleted tu uny ie [lis honor from | I - | Georgetown (Mr. Gordon) says it would cost |

their dearest interests. It is contemplated | ‘ one aad a haif per cent. to negotiate this loan

by this Bull to negociate a loan of no less a ‘ j y & |in Britain. Well, we cannot purchase bills of exchange now at less than three per cent,

sum than £150,000 curreney, and this) amount is to be applied ostensibly to the |

;and thatwould more than pay the expense of | managing it in Great Lritaia.

purchaze of lands, but in reality, 1 believe, to general purposes, as the exigencies of the | Coluny may be deemed to require, and at fon. Mr. Batogasron: | must confess that the discretion of any Government that may | 1 do not consider myself sufficiently posted up | be in power during the next twenty years. | 10 financial affuirs tu give a very decided | And while [ yield to no man ip an earnest | Opinion upon the advantages or disadvantages | desire to adyance the prosperity of this) of this bill ; but 1 must say that 1 was sume- Island, and anxious asl am to aid in the| what sturtied when I heard the amount furcherence of any wise and judicious mea- | named which it is proposed to borrow, viz: | sures tending to fuster our agricultural and £100,000 sterling. {1 understood that the commercial industry, yet, I regret that application was to be fur something like L cunnot see anything in tuis Bill whica is} £50,000, and | thought there was no ueces. likely to promote the welfare of the people | sity for more, as L was not aware that Uvere | of this Coluny. On the contrary, [ am of were any lands offered to the Goveroment now, nur that there was likely to be any tor

, Curry if oat.

of the faet, that the Bull provides for # simk- ing fuod, by paying £5 per hundred a year, su that in twenty years the whole wi

be paid off, and not become due at one time, ae his honor’s remarks would have ue to go . I must say that I do not look upon the Bily with any alarm, but | believe, on the con— trary, that, under proper management, it will be conducive to the prosperity of the Coluny generally, frecholders as well ee Jeuseholders, whether it will rest with the present, Or with any other Government, to ic divides the responsibility, in sume measure, between those who ute paying the taxes of the eountry now aad those who will come after us, though the

benefits will be more fully experienced by

future generations than by the present. itp athedthitaenietone

EK OF ASSEMBLY.

HOUS Debate on the Draft Address in answer to Hie Excellency s Speech (coutinued.)

Hou. LEADER OF THE OPPOSITION.— Woaich of them ?

llon. Mr. DAVIES.—I mean those who were in power etter we got Responsible Goveruaent, L cousidered that it was not dealing fairly wath us. 1 conteuded, Sir, aud I belive, justly, tha the early settlers had a perfect right to be estub- lished in their possessivus. ‘They were wen, Sir, who endured wany bardships in the first settling of this Island, and | always cousider they had aw perfect right to their farms. They were the early pioneers of that prosperity to which, aaa Colony, we have attained; aud I de cvnsider that they honestly paid tor thei luod by the greasg service Lhey rendered the country in the publie improveuculs they made in every part of it, and dv cousider Lhat injustice was dove te this elaas