Canada Company on:
[Wikipedia]
[Google]
[Amazon]
The Canada Company was a private British
The 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. He first settled in York ( Toronto, Ontario) but selected Guelph as the company's headquarters, and his home. The area was previously part of the Halton Block, 42,000 acres of former Crown land. Galt would later be considered as the founder of Guelph.
The company surveyed and subdivided the massive Huron Tract, built roads, mills, and schools and advertised lots for sale to buyers in Europe. the town of Goderich was laid out on the shores of Lake Huron to be the centre of the settlement of the Huron Tract. The company then assisted in the migration of new settlers, bringing them to the area by means of a steamboat, which the company also owned, on Lake Ontario.
John Galt was dismissed and recalled to Great Britain in 1829, for mismanagement, particularly incompetent bookkeeping. General mismanagement and corruption within the company, and its close alliance with the Tory elites, known as the Family Compact, were important contributing factors to the
When the Company sold its land to different purchasers, it reserved the mineral rights to itself. In 1919, the Company issued quit claims on such claims, vesting the mineral rights to the Crown. As a consequence, the
land development
Land development is the alteration of landscape in any number of ways such as:
* Changing landforms from a natural or semi-natural state for a purpose such as agriculture or housing
* Subdividing real estate into lots, typically for the purpose ...
company that was established to aid in the colonization of a large part of Upper Canada. It was incorporated by royal charter on August 19, 1826, under an act of the British parliament,, later amended by 1916 c. xiv which was given royal assent on June 27, 1825. It was originally formed to acquire and develop Upper Canada's undeveloped clergy reserves and Crown reserves, which the company bought in 1827 for £341,000 ($693,000) from the Province of Upper Canada
The Province of Upper Canada (french: link=no, province du Haut-Canada) was a part of British Canada established in 1791 by the Kingdom of Great Britain, to govern the central third of the lands in British North America, formerly part of th ...
.
Founded by John Galt, who became its first Superintendent, the company was successful in populating an area called the Huron Tract – an achievement later called "the most important single attempt at settlement in Canadian history".
It is unrelated to the modern-day Canadian charity of the same name, founded in 2006, which assists former Canadian military members and their spouses regain civilian employment after service in the Canadian Armed Forces
}
The Canadian Armed Forces (CAF; french: Forces armées canadiennes, ''FAC'') are the unified military forces of Canada, including sea, land, and air elements referred to as the Royal Canadian Navy, Canadian Army, and Royal Canadian Air Force.
...
.
Acquisition of lands
Mission
The 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. He first settled in York ( Toronto, Ontario) but selected Guelph as the company's headquarters, and his home. The area was previously part of the Halton Block, 42,000 acres of former Crown land. Galt would later be considered as the founder of Guelph.
The company surveyed and subdivided the massive Huron Tract, built roads, mills, and schools and advertised lots for sale to buyers in Europe. the town of Goderich was laid out on the shores of Lake Huron to be the centre of the settlement of the Huron Tract. The company then assisted in the migration of new settlers, bringing them to the area by means of a steamboat, which the company also owned, on Lake Ontario.
John Galt was dismissed and recalled to Great Britain in 1829, for mismanagement, particularly incompetent bookkeeping. General mismanagement and corruption within the company, and its close alliance with the Tory elites, known as the Family Compact, were important contributing factors to the Upper Canada Rebellion
The Upper Canada Rebellion was an insurrection against the oligarchic government of the British colony of Upper Canada (present-day Ontario) in December 1837. While public grievances had existed for years, it was the rebellion in Lower Canada (p ...
in 1837.
In 1833, his colleague William "Tiger" Dunlop took over as Superintendent of the Company and continued Galt's work for a short time before resigning.
Company structure
Appointed Secretary of the Canada Company in 1824 John Galt helped to obtain a charter for the company on 19 Aug. 1826. On that date, the formal structure of the Canada Company was put into place by the company's Court of Directors. John Galt, as secretary, had the first order of business. Tabling an abstract of the charter, Galt declared the name to be "The Canada Company" with directors and secretary as served on the Provisional Committee and listed in the charter. At the first meeting of the board, it was declared that four directors would rotate off the Company beginning in 1829.Dissolution
When the Company sold its land to different purchasers, it reserved the mineral rights to itself. In 1919, the Company issued quit claims on such claims, vesting the mineral rights to the Crown. As a consequence, the Legislative Assembly of Ontario
The Legislative Assembly of Ontario (OLA, french: Assemblée législative de l'Ontario) is the legislative chamber of the Canadian province of Ontario. Its elected members are known as Members of Provincial Parliament (MPPs). Bills passed by ...
passed legislation in 1922 and 1923 authorizing the grant of such rights to landholders at a set price.
In 1928, a plaque was erected in Huron county, ''Pioneers of the Huron Tract 1828-1928'', commemorating the work of the men who developed the Huron Tract and the families who lived there, starting in 1828.
By 1938, the Canada Company held just over of unsold land, while the company shares were valued at 10 shillings. It had become a land company in the process of liquidation. By 1950, only remained in its possession, distributed amongst Lambton County, the United Counties of Leeds and Grenville and Lanark County.
In 1951, the remaining land was disposed of, and land that was unsold became Pinery Provincial Park
Pinery Provincial Park is a provincial park located on Lake Huron near Grand Bend, Ontario. It occupies an area of 25.32 square kilometres (6,330 acres). It is a natural environment-class Provincial Park created to help preserve oak savannah an ...
.
The company voted to wind up its affairs on August 12, 1953, and was dissolved on December 18, 1953.
See also
* Huron Tract * Family Compact * William "Tiger" Dunlop, MP * Robert Graham Dunlop, MPSources
* * * * * * * * *References
Further reading
* * {{Authority control Chartered companies English colonization of the Americas Economic history of Canada Political history of Ontario Upper Canada 1825 establishments in Upper Canada 1953 disestablishments in Canada Companies established in 1825 Companies disestablished in 1825 Trading companies established in the 19th century Trading companies disestablished in the 19th century Trading companies of Canada History of Wellington County, Ontario