Liberal.

The township of North Norwich has shown her desire for Railway communication in a practical fashion. The Wood and Port Dover line runs through the municipality, traversing its entire length, and the people have furnished sufficient means, exclusive of the government grant, to complete the road within their own boundaries. The inhabitants of the eastern part of the township who reside in the neighborhood of the line, have shown their faith in it by investing largely in the Bonds. These bear seven per cent. interest and are issued at ninety cents on the dollar, and moreover the issue is limited to four thousand dollars per mile. The people of the eastern part of Norwich believe that bonds under these conditions are a good investment and as a consequence have bought largely. If the road pays $280 a mile per year it will pay interest on its bonded indebtedness; and it would be a worthless road indeed that would not do that. If however the line should not pay at all the bondholders cannot well lose anything, for they can tear up the iron and sell it for more than sufficient to recoup themselves. We apprehend however no such calamity. A road built so cheaply as the Port Dover and Lake Huron could scarcely do otherwise than meet its engagements under reasonably good management.

Railways: S.N.Ry.

Results