Canada And The States Recollections 1851 To 1886 By Sir E. W. Watkin

























































































































































 -  It behoves the Company, therefore, to
look out for other sources of profit. One of these is that of banking - Page 234
Canada And The States Recollections 1851 To 1886 By Sir E. W. Watkin - Page 234 of 492 - First - Home

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It Behoves The Company, Therefore, To Look Out For Other Sources Of Profit.

One of these is that of banking operations, both here and at Red River, and probably also at Victoria

And at St. Paul, or other suitable locality in the U. S. On this head I may again address you from Red River, and Mr. Hopkins will afford you every information in regard to the prospects at this place, which are represented to be very great, when you come out in September.

"I am just about starting for Lake St. John's on the Saguenay River, and shall be absent about ten days. Upon my return I shall be ready to return to Red River - say, about the 1st September.

"Hoping you have had a pleasant passage, believe me, "Yours very truly, "E. WATKIN, Esq., London.

"A. G. DALLAS.

"P.S. - I do not see how the Company can make anything out of placer gold diggings in such a country. The miners must be encouraged, and mining licences cannot be expected to do more than pay the cost of collection, magistracy, police, &c. The surrender of all this territory to the Crown, however, is a question to be dealt with by the Board. My aim is to disabuse you of the idea that the Company can of itself turn the territory to profit by sale of lands, mining rights, making roads, telegraph, &c.

"A. G. D."

"MONTREAL, "18th August, 1863.

"MY DEAR MR. WATKIN,

"I left New York the evening of the day I parted from you, and reached this place on the Saturday night, via Boston and Portland, quite done up, having travelled two nights without undressing.

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