The Canada Company was a large private chartered British land development company, incorporated by an act of British parliament on July 27, 1825, to aid the colonization of Upper Canada. Canada Company assisted emigrants by providing good ships, low fares, implements and tools,and inexpensive land. Scottish novelist, John Galt, was the company's first Canadian superintendent. The government of Upper Canada sold the company 10,000 km² of land for 341 000 pounds. Slightly less than half of the land that was purchased comprised what would become the Huron Tract,located on the eastern shore of Lake Huron, the remainder, located in other areas of Upper Canada, became Clergy reserves under the control of the Clergy Corporation. Galt selected Guelph, Ontario as the company's headquarters. The company surveyed and subdivided this massive area, built roads, mills, and schools and advertised it to buyers in Europe. The company then assisted in the migration of new settlers, bringing them to the area by means of a boat, which the company also owned, on Lake Ontario.
The company's mismanagement and corruption, and its close alliance with the Tory elites, known as the Family Compact was an important contributing factor to the Upper Canada Rebellion in 1837.The company was dissolved on December 18, 1953.
Read more about Canada Company: Company Structure, Dissolution of The Canada Company, Bibliography
Famous quotes containing the words canada and/or company:
“What makes the United States government, on the whole, more tolerable—I mean for us lucky white men—is the fact that there is so much less of government with us.... But in Canada you are reminded of the government every day. It parades itself before you. It is not content to be the servant, but will be the master; and every day it goes out to the Plains of Abraham or to the Champs de Mars and exhibits itself and toots.”
—Henry David Thoreau (1817–1862)
“We have nothing to fear and a great deal to learn from trees, that vigorous and pacific tribe which without stint produces strengthening essences for us, soothing balms, and in whose gracious company we spend so many cool, silent and intimate hours.”
—Marcel Proust (1871–1922)