98 AMERICAN FARMS. 



$2.65 per ton. Within six months we will have the 

 Short Line Railway open, placing us within sixteen hours 

 of Montreal, which will also open that market to this 

 company, as finished goods can be taken to Montreal 

 and other western points at a much less proportionate 

 rate of freight than the manufacturers there pay upon 

 our coal, which they must have. I intend forming a 

 company with capital of $200,000 in 2,000 shares of $100 

 each, organized under the laws of New Brunswick. This 

 company will pay a yearly dividend of 20 per cent, on 

 its paid-up capital at present prices.' " 



The foregoing circular was from an old respectable 

 manufacturer, who was quite competent to give correct 

 information. The price of cut nails has been upwards 

 of sixty cents per keg lower in price in New York than 

 in the Provinces for the last two years, and continues so 

 at the present day. The New York Iron Age of August 

 29, 1889, says : "We quote cut nails $1.85 to $1.90 for 

 car-load lots on dock for standard brands and good as- 

 sortments." At the same date not a keg of cut nails is 

 to be procured in Canada for $2.60 



The Maritime Provinces consume about 100,000 kegs 

 of cut nails yearly, of which the farmers should take at 

 least one half. If they consumed 100,000 kegs during 

 the last two years, they have paid out for this one article 

 not less than $70,000 more than had they the privilege 

 of buying where they pleased. 



To manufacture these nails it requires the service of 

 about sixty nail-makers for the period of two years. 

 Their families have consumed in the time not more than 

 $15,000 worth of the products of the Maritime farmers, 

 on which the farmers' profit would not be more than 

 $3,000. 



