THE DARTMOUTH AND HALIFAX FERRY,
The bill for incorporating the new Dart- mouth Ferry Company will pass its third reading in the lower House to-day, or at a very early date. If passed, we are assured that the necessary stock will be taken up at once. We learn that every obstacle that can be thrown in the way of the bill will be used, and that every member of the House has been canvassed by the shareholders of the old Company to detent it.
The old Company has a capital of $80,000- 100 shares of $800 each-and with necessarily few shareholders. The new Company proposes to make the price of shares $10, so that, in point of fact, every man can be his own ferry- man, and destroy what is even yet a monster monopoly: for, though the charter of the old Company expired some five years since, what greater monopoly can exist than to allow them to treat the community as they please, in slow boats, wretched accommodation, and at prices against which it is of no avail to resist or complain ?
A strange anomaly is this: that while the shareholders state that their enterprise is a non-paying one, that they are martyrs to public necessity-that they do not open up their shares, which would be readily taken, increase their capital, and thereby secure a better class of conveyance. We have never seen a share offered in the market, and fancy has not to spread her pinions far to find the reason. In other words, the shares are too valuable to of fer, and are hugged closely to the bosoms of their fortunate possessers.
We would not be considered one sided in our views, but would on the other hand cheerfully slush ink in the encouragemet of the old company, if there were the slightest chance of improvement in the management. But that belief is fruitless and needless.
We believe that the new Ferry, if gone into, will be one of the greatest boons ever bestowed upon both Dartmouth and Halifax, if conduct- ed upon any different system than the one now in vogue; and he is a public benefactor who enlists in breaking down an old timed eyesore and inconvenience, and giving us a better order of things. So mote it be.
Morning Chronicle, Apr 6, 1870. https://books.google.com/books?id=xc4JAAAAIBAJ&pg=PA2&dq=dartmouth+incorporation&article_id=3919,2624650&hl=en&sa=X&ved=2ahUKEwimtqDciIaGAxWzFBAIHQ1qAPkQ6AF6BAgNEAI#v=onepage&q=dartmouth%20incorporation&f=false