 
                  
                  
                  
                     
                     [FOR PRIVATE CIRCULATION.]
                     
                     A PROPOSAL TO FORM A COMPANY
                     
                     FOR THE PURPOSE OF
                     
                     WORKING THE COAL, AND ESTABLISHING A COLONY
                     
                     IN
                     
                     
                     
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                  VANCOUVER'S ISLAND, the possession of which was settled in Great
                     Britain by the last treaty with the United States, lies on the west coast of North America, between north lat.
                     48°.  and 51°.  and west long.
                     123°. and 128°.; and is about 250 miles in length, and 50 in breadth.
 
                  
                  
                  The straits which separate it from the main land are little more than a mile wide
                     at the north end of 
the Island, and about 25 miles at
                     the south, where they are called the 
Straits of Juan de Fuca.
The general character of the country is hilly, in parts mountainous, and richly wooded;
                     but there is fertile plain land in many places. The trees are of various descriptions,
                     in great abundance, and
                     of very large growth.
                  
                  
                  The temperature is nearly the same as that of England: the climate
                        is mild and salubrious, and peculiarly adapted to European
                        constitutions. British plants, fruits and vegetables of all
                        descriptions thrive, as well as sheep and cattle.
                  
                  
                  The Island abounds with game, and the neighbouring waters with various kinds of fish.
 
                  
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                  The Hudson's Bay Company occupy a small fort (
Victoria) on the south side of 
the Island, where they have successfully brought a tract of land into cultivation.
The geographical situation of 
the Island renders it peculiarly suitable for a colony. It possesses on all sides a multitude
                     of
                     magnificent harbours; and there is no port of any description,
                     southward of those in 
the Island, and those within the 
Straits of Juan de Fuca, nearer than 
San Francisco in California, more than 700 miles
                     distant: it seems, then, to follow, that all the trade which shall ever
                     pass into the north-west coast of America must fall into the hands of
                     those who occupy the country adjacent to these Straits, of which
                     
Vancouver's Island forms the north shore. The south shore belongs to the United States, and abounds
                     also with harbours; but it is likely
                     that the people who first obtain will continue to enjoy the
                     pre-eminence in commercial enterprize.
According to the best accounts, there are not more than 5000 native
                        inhabitants of the whole Island, and their numbers are said to be rapidly decreasing. They have been for the most
                        part on very good
                        terms with the English with whom they have come in contact. 
                  
                  
                  There is a great abundance of coal at the north end of 
the Island, and copper also is to be procured in the vicinity. Satisfactory evidence can be
                     given that this coal is well adapted for burning in steam vessels.
It is, therefore, proposed to form a Company, for the purpose of
                     working this coal, and at the same time of founding a general Colony in
                     
the Island.
The present moment is one which is more favorable than any other
                     to the success of such an undertaking. The Government of the United
                     States of America have entered into a contract with a commercial house
                     in
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                     New York
                     
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                     New York, by which the latter undertake to convey the mails between
                     
Panama, 
the Columbia river, and the intermediate ports, in steam vessels:  this contract is to last for ten
                     years.
There are three steamers now building at 
New York, of a thousand
                     tons each, for this purpose, and they are to be ready at the end of the
                     present year.
This Company have proposed to enter into a contract for the supply
                     of coal from England, necessary to enable them to fulfil their contract
                     with the American Government.
                  
                  
                  It is obvious that the requisite quantity could be supplied at 
the
                        Columbia river, and at 
Panama, at a very much lower rate from
                     
Vancouver's Island than from England, even supposing the expense of procuring the coal to be the same
                     in both places; but in 
Vancouver's Island the coal lies in large quantities on the surface, and is close
                     to the sea, in a most convenient place for shipment.
Besides the above supply, which it is calculated would amount to
                     from 15,000 to 20,000 tons annually, the Steam Pacific Navigation
                     Company, whose vessels run from 
Valparaiso to 
Panama, are in want of
                     a supply of coal at the latter port.
It is probable that if these coal mines were worked, there would
                     be a demand before long for above 30,000 tons annually in the Pacific Ocean.
                  
                  
                  A communication has been made to the Colonial Office, with a view
                     to ascertain the terms upon which Her Majesty's Government would grant
                     the right of working the coal in 
Vancouver's Island; and it is hoped, that, in the event of a Company being formed capable of carrying
                     its
                     objects into effect, every assistance will be afforded both by the
                     Government and by the Hudson's Bay Company.
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                  Since the working of the coal, on such an extensive scale as is
                     here proposed, will involve the conveyance of a considerable number of
                     persons to 
the Island, it is obvious that a sufficient population must also be provided, to secure the
                     production of food for the whole
                     community.
Hence it will be the object of the Company to obtain from Her
                     Majesty, in the earliest stage of its operations, a charter of
                     government.
                  
                  
                  It will also be the interest of the Company, that some sound scheme
                     of general colonization should be adopted, by which labour may be
                     continually supplied.
                  
                  
                  It is contemplated to call a meeting, in a short time, of all
                     those who are likely to take an interest in the scheme, for the purpose
                     of taking the preliminary steps for the formation of the Company, and
                     the arrangement of the necessary details. At this meeting, of which
                     due notice will be given, your presence and assistance is particularly
                     requested. In the mean time all communications on the subject of this
                     paper may be addressed to