Sunday, September 11, 2016

Some History about the Tobique Valley

Victoria County, New Brunswick

Bringing Rail Service to the Tobique

Introduction

Following Confederation, the Railway Age started in Canada with the coast to coast building of the Canadian Pacific Railway (CPR). Rail lines began connecting major centres of population and ultimately a spider web of rail was laid throughout the country that linked almost all populated areas, rural and urban. In New Brunswick, three main lines were being constructed: The Intercolonial Railway, the Transcontinental Railway and The Canadian Pacific Railway. Moncton was a rail hub with the Intercolonial passing through from Nova Scotia to Campbellton and onward to Quebec. The Canadian Pacific passed through Moncton and the across the province through Chipman to the Saint John River Valley and upriver to Edmunston and beyond. The Transcontinental also reached Edmundston from Moncton, passing through Chipman and Plaster Rock. The Transcontinental and the Intercolonial were purchased by the Federal Government and merged into Canadian National Railways.
By 1885 residents of the Tobique River Valley were near rail lines but there was none that traveled through the valley itself. The New Brunswick Railway (later the CPR) has a terminus at Perth Centre, Victoria County on the east bank of the St. John River just below the mouth of the Tobique River. The Transcontinental crossed the Tobique River near Wapske, below Plaster Rock. In the mid 1880's consideration was being given to putting a rail service up the Tobique Valley from the mouth of the Tobique River to the head waters near Riley Brook, with connections to other existing or proposed rail lines.
The remainder of this document provides some history related to putting a railway up the Tobique Valley. Most of the information came from on line resources that are available for viewing or downloading from the Web. (Some URL links may not connect directly with the 'Ctrl click', usually due to security reasons. Sometimes this restriction can be overcome by cutting and pasting the URL link into a browser) Most of these sources are official government documents and also are periodicals or newspaper articles.

Tobique Valley Railway Company

The main advocate for a railway up the Tobique Valley was John E. Stewart of Andover, New Brunswick., He was born in Prince Edward Island of parents who were both born in Scotland. He came to New Brunswick in 1874.1 In 1891 he was living in Andover, New Brunswick next door to another early supporter, Adam Beveridge.2 Mr. Stewart was a promoter and contractor of railway construction. In addition to promoting a Tobique Valley railroad, he was a proponent of many other ideas for the development of the Tobique and surrounding areas, including the The Aroostook Railway and Power Company, development of Telephone service in the Tobique Valley, and proposals for Tobique to Campbellton Railway, The Tobique Narrows Pulp and Paper Company, a proposal for a hydro electric dam at Tobique Narrows, and other ventures.3
An Act to incorporate The Tobique Valley Railway Company was passed on 6 April 1885 by the Legislative Assembly of New Brunswick by Provincial Statute.4 The intent of the TVRy Co. was to construct a railroad from Perth Centre to Plaster Rock and on to Nictaux Lake. “...on the line of the New Brunswick Railway Company at Perth Centre ... from thence up the St John River about two miles, or until it meets the Tobique River, and from thence up the said Tobique River on either or both sides, crossing and recrossing the said Tobique River ... to Plaster Rock ... and to connect with line of Railway to be constructed, called the “Restigouche and Victoria County Colonization Railway,” at point as near as practicable to Nictaux Lake...”
The following individuals comprised the body politic and corporate known as The Tobique Valley Railway Company (TVRy Co.): John E. Stewart, Adam Beveridge, Frederick B. Edgecombe, John McConnell, Daniel McQueen and A.S. Murray together with associates, successors and assigns.5 John E Stewart served as president of the TVRy Co. from its inception until his resignation 18 February 1892. Mr Stewart's resignation came following the 1892 TVRy Co. annual meeting at which he said the statements submitted to the directors of the Company showed expenditures $25,000 greater than what he thought had actually been spent. At the time of his resignation he also took out, and swore to a bill of injunction against TVRy Co. in a considerable amount of money in Saint John, New Brunswick on 18 February 1892. These allegations and his resignation took place one month prior to the signing of the Canadian Pacific Railway - TVRy Co. lease agreement (see below) by E. B. Ketchum, TVR Co.'s president who replaced John E Stewart.6
Later in 1895, Mr. Stewart visited the Ministry of Railroads and Canals in Ottawa and told the Ministry that his signature on the returns of the Tobique Valley Railway to the Ministry for fiscal 1891 had been forged. The return bore an alleged false attestation from Ottawa alderman W.D.Morris dated 5 April 1892 who claimed no memory of the notarization.7
John E. Stewart died 10 July 1929 at the age of 79 at Wapske, New Brunswick.8 where Mr. Stewart operated a gypsum quarry.9

Railway Subsidies - Federal

During this era in Canada, railroads were being built to connect practically any two centres of population and it was the practice of the Federal Government to provide subsidies for the construction of such railroads. The principal figure representing the TVRy Co.'s quest for subsidies was the Hon. John Costigan of Grand Falls. Mr. Costigan had been elected to the New Brunswick House of Assembly in 1861 and became a Federal Member of Parliament in 1867, the year of Confederation, and represented Victoria County, New Brunswick. By the time that the TVRy Co. was incorporated Mr. Costigan held the office of Minister of Inland Revenue; having been appointed to that portfolio 23 May 1882. Later he was to become Secretary of State, followed by an appointment as the Minister of Marine and Fisheries. In 1907 he became a Senator in the Federal Government. 10 Mr. Costigan's role in obtaining subsidies for the TVRy Co. and his potential conflicts of interest came under scrutiny from a Public Accounts Committee hearing in 1895.11
The initial resolution for subsidies from the Federal Government to assist in the construction of a railway from Perth Centre toward Plaster Rock Island was tabled on 28 May 1886. At that time Sir John A MacDonald in part said &rdquo...this is for a line to the magnificent plaster quarries at Plaster Rock Island. It is believed that a large business would be done in this district...”12 This first request for Federal Subsidies in 1886, to build a line from Perth Centre to Plaster Rock Island, resulted in the authorization of $3,200. per mile for 28 miles (Victoria 49 chapter 10). The total subsidy was not to exceed $89,600.13
Despite the Federal Government's offer, no company, including the TVRy Co., took up this subsidy. At a sod turning ceremony later in 1888, Mr Costigan said:
”...there had been offers from three parties to take the Dominion subsidy and build the road; but a company [TVRy Co.] had been chartered by the local government [Province of New Brunswick], and they, though unable to build the road themselves, presented obstacles to the letting of the contract to those who were ready and able to build it...” 14
The shareholders and management of the TVRy Co. dragged their feet and took no action to commence construction. Consequently the authorized Federal subsidy was cancelled.15
At the above mentioned 1895 enquiry, Mr Costigan said in his view, the people originally granted the TVRy Co. charter were stalling and delaying the start of construction. " The impression left upon my mind, to put it mildly, was that they were trying to see what bargain they could make; to sell out their charter to some one who would undertake to construct the work". Mr Costigan tried to convince the Company to start construction immediately; but the investors said they knew best. The Hon. Mr. Costigan then countered that he didn't care if they made millions as his interest was only to see the railway built for his constituency. He then raised the possibility that another company would go to Parliament for a charter for the railway. The investors of TVR Co responded that they didn't believe him. While using a stick , he also offered a carrot and gave assurance that even if such a competing Charter were granted, it would only become effective at a specified date and, only if the TVRy Co. had not commenced construction. 16
The TVRy Co. shareholders and managers had their bluff called as the Federal Government did in fact charter a railway company, the Tobique Gypsum and Colonization Railway, to build a line similar to that which had been promised by the TVRy Co. Railway.

Tobique Gypsum & Colonization Railway

The An Act to Incorporate the Tobique Gypsum and Colonization Railway was assented to by the Dominion Parliament on 22 May 1888 . Directors of the Tobique Gysum and Colonization Railway Company (TVG&C Ry). were:
John E. Stewart, E.R. Burpee, K.F. Burns, John Connor, Walter Armstrong and H.A. Connell.17
The TVG&C Ry's mandate was broad and included the building of a railroad from Perth Central to Plaster Rock and beyond, to link with the proposed Restigouche Victoria Colonization Railway somewhere near Nictaux at the head of the Tobique. The charter also permitted the exploitation of gypsum; something that was not included in TVRy Co.'s charter. 18
However, as promised by Mr. Costigan to the TVRy Co. investors, there were provisions in the TVG & C Railway Act that would render the Act null and void if the TVRy Co commenced construction at a satisfactory time and proceeded at a satisfactory rate. Viz:19
Clause 20 ..'the Railway shall be commenced within one year and completed within three years from the date of the Act being proclaimed. Else the Act is null and Void.
Clause 21 '...Act shall come into operation ... by proclamation of the Governor General, ... on his being satisfied that the construction...is not being proceeded with by the Tobique Valley Railway...at such a rate of progress to secure the completion of fourteen miles thereof by the thirty first day of December next [31 Dec 1889], or if on the last mentioned date such fourteen miles have not been completed
As Mr. Costigan stated to the 1895 committee investigating the TVRy Co. subsidies “It had the result that I expected. The men made arrangements with some other parties, some St. John men ...and the contract was entered into and construction was commenced” 20

Construction Phase

Per paragraph 12 of An Act to Incorporate the Tobique Valley Railway Company; construction was to begin within four years of the passing (i.e. by April 1889) and to be completed and ready for use within eight years from the passing (i.e. by April 1893)21.
An agreement was made between TVRy Co. and the Federal Government respecting construction of the line on 4 Sept 1888 and the date of completion of the first 14 miles was set at August 1890.22 This contract was not for the construction per se, but it was the terms and conditions for the release of the subsidy money as construction progressed.
“At Perth, N.B on the 19th inst.[19 September 1888] the Hon. John Costigan 'turned the first sod' of the Tobique Valley Railroad in the presence of a large gathering of the yeomanry of the surrounding counties Mr. Costigan, who was accompanied by the Hon. Mr. Haggart, Post-master General, represents the County at Ottawa, and has been the main promoter of the road which opens up the agricultural and mineral resources of the Tobique Valley....”23>
Engineering News reported the first section of fourteen miles from Perth Centre to Trout Brook was being graded in November, 1888 and track laying 'would probably begin' May of 1889 and, this section to be ready for traffic by September 1889.. The chief engineer was C.L.B.Miles of Andover, N.B. 24 No explicit identification of this first contractor has been found. John E. Stewart was a railway contractor and was included on a list of Railway Contractors published by Poors Directory of Railway Officials To be on that list, one had '..specialty in the construction of railroads in all departments of work, such as grading, track laying, masonry, bridge and trestle building etc etc...'25 Furthermore the notice of Mr. Stewart's death in Canadian Railway and Marine World says '..he was one of the contractors on construction of the New Brunswick Ry.. He built the section from Muniac to Aroostook Jct...' So, it appears that John E Stewart, in addition to being president and shareholder of the Tobique Valley Railway, was also a contractor to the Company
As Mr. Costigan testified to the Public Accounts Committee that this first contractor became 'financially embarrassed'. Costigan's further testimony regarding his purchase of a gypsum property, indicated Mr. Stewart was having financial difficulties in May 1890. In Mr Costigan's words:
'The man Stewart who telegraphed to me had an option on it before, but he had not the money [$2,500], and that is the reason he telegraphed to me to buy it. I told him I would buy it, and I would give him an interest in it if he wanted...I bought it because he could not pay the money...but in view of the fact that he had the option, that he went and paid over the money and got the deed [on behalf of Costigan]I told him I would give him whatever he thought was a reasonable interest in that property, in consideration of the fact that he had he option,. and that if he had the money he would have bought the property before me.'
Before completion of the first section, the first contractor abandoned the contract due to financial difficulties. 26 And the Monetary Times reported that a " Fredericton Telegram says that a contract has been made by G & W Kitchen for the completion of the first fourteen miles of the Tobique Valley Railroad"27 As of 30 June 1890 six miles with rails were completed; and 14 miles (including the six mi. with rails) were under construction28 and it was reported in Engineering News that Mr. John E Stewart, president of Tobique Valley Railway said that about 56 men were at work grading the extension.29
The Annual Report of the Ministry of Railways and Canals for fiscal year ending 30 June 1891 reported the status remained as at the end the previous year. Engineering News, in its 23 Jan 1892 issue, reported that 9.5 miles of track had been laid from Poquemoque [Pokiok]to Red Rapids in the calendar year 189130 The Parliamentary reports for fiscal year ending 30 June 1892 show that the first 14 miles were finished31. Work had been suspended, and in May of 1892 Engineering News stated work would soon be renewed with Chief Engineer C.L.B.Miles, Upper Andover.32 A new contractor, Lawlor, Connor & Co. of St John, N.B. was engaged to complete the 14 mi. of line beyond Trout Brook to Plaster Rock.
In October 1892 the new chief engineer, Frank D.P.Lawlor.said. “... about 300 men are now at work ... grading and bridging under way and track laying begun...”.33 And, in November 1892 Thos. P. Connor of St. John, N.B. Wrote “... a force of 350 men are now at work ... about 20 miles of track have been laid, of which six miles were laid since Jan. 1, 1892”.34

The Parliamentary reports for fiscal year ending 30 June 1893 show that the line was completed at 28 miles in length.35 However, the line was not yet ready to be operated.

Operating Lease Agreement

The Canadian Pacific Railway Company and the Tobique Valley Railway entered into an Agreement 19 March 189236 wherein CPR would operate the line owned or to be owned by TVRy Co.. At the date of this agreement 14 miles had been completed. Signatories to the agreement were: W.C. VanHorne, president of CPR, C. Drinkwater, Secretary CPR, E.B. Ketchum President and Director TVR Co., R.C. Skinner, and James Knox, Directors of TVRy Co. .The Federal Parliament assented to the Agreement 9 July 1892.37
Under this agreement TVRy Co. agreed to convey all railway and appurtenances, built and intended to be built, to the CPR under a lease agreement. The Agreement contemplated a 99 year lease under which CPR would acquire the rolling stock, labour and other men and materials required to operate the TVRy Co. as well as being responsible for the repair and maintenance of the railway. CPR was to pay all operating expense and remit to TVRy Co., on a quarterly bases, 40% of gross earnings before deduction of expenses and taxes. The railway continued to be known as the Tobique Valley Railway.
Before execution of the lease TVRy Co., among other things, had to have acquired all the lands over which the rail line passed, have received from the Dominion Government engineer certification that all work had been completed as required to receive the Federal subsidies and that CPR's chief engineer also certified that the line had been built according to previously agreed terms and specifications.

Going Operational

To celebrate the 'finish' of the Railway from Perth Central to Plaster Rock an Excursion was run on 16 or 19 July 1893. The on board passengers included Hon. John Costigan, Minister of Marine and Fisheries, Attorney General Blair, Provincial Secretary Mitchell and Chief Commissioner Emerson. Seemingly, work was still being done on the Railway as the Excursion train hit a dolly being used by a group of section men working at Indian Flats about three miles up river from Perth Central. resulting in the death of one of the men, Mr. Charles Mc. Minnamon (Various press reports differed in the details) 38
The first freight traffic was run 24 November 1893 and 39 But, the railway was not yet regularly opened for traffic as TVRy Co. had not yet fulfilled their obligations under the Agreement with CPR. The CPR determined that that first 14 miles that had been constructed were in dis-repair and would need additional work before it could be brought into service. As well, the TVRy Co. had not been diligent in obtaining agreements pertaining to properties across which the railway ran.
Because of the disputes between CPR and TVRy Co., the CPR terminated its limited operation of the line in 1895 and a law suit ensued with TVR Co., plaintiff and CPR ,defendant. TVRy Co. prevailed in April 1897 and CPR agreed to resume operations under the terms of the lease negotiated in 1892. Additionally CPR agreed to spend $4,000 to make the line operational; which spending would be deducted from earnings due to TVRy Co. under the 40% formula. TVRy Co. agreed to give good title to all the lands through which the Tobique line ran.40 CPR began operating the line in 1897 following the settlement of this law suit.

Up Tobique - Beyond Plaster Rock

The orginal Provincial Charter that created the Tobique Valley Railway Company envisaged a rail line from Perth Center all the way up the Tobique Valley to somewhere around Nictaux Lake. It was further stipulated in the incorporating Act that the total line was to be complete and ready to carry freight and passengers by 6 April 1893. Otherwise the charter would become null and void. When the Act of incorporation of TVRy Co. was amended in 1892 the section of the line antipated to be built beyond Plaster Rock was excluded and the completion time of the first 28 miles was extended to 7 April 1900.
Thus, at the time the Perth to Plaster Rock line of the TVRy Co. was completed there was no railway company with a charter to build up-river from Plaster Rock. On 20 March 1904 the New Brunswick Legislature passed An Act to Incorporate the Tobique and Campbellton Railway Company.41 The body politic of this Company included: John E. Stewart, James McNair, J F Tweedale, A.L. Green, James Burgess, R.A. Estey, R.B. Haining, et al. The purpose of the Tobique and Campbellton Railway Company (T&C Ry.) was to to build a line from a point on the Tobique Valley Ry. between Reid's Island and Plaster Rock, to a point of intersection with the International Ry..
The International Railway (INR) was formed by the Federal Government to complete the line between Campbellton, NB and St. Leonard, NB that had been commenced by the Resigouche & Western Ry., a colonization railway which faltered during construction. The line was completed to St Leonard in 1914. At St Leonard the INR was to cross the bridge to Van Buren, Maine and connect to the Bangor and Aroostook Railway.42 The line to be built by the T&C Ry. became known more simply as the line from Plaster Rock to Riley Brook. The Federal Government, in successive sessions of Parliament, included the T&C Ry on its list of lines and railways that were eligible for the standard subsidy of $3,200 per mile43. John E. Stewart continued to promote a line from Plaster Rock to Riley Brook. The Maritime Merchant of 19 August 1909 reported that Mr. Stewart expected bonds to be floated and the extension from Plaster Rock to be made within two years.44 The extension of the TVR Co line from Plaster Rock up the Tobique to Riley Brook was never built and the subsidies lapsed.

Financing & Capital Account

Federal Subsidies to Tobique Valley Railway Company

In 1887 a subsidy (50-51 Victoria chapter 24) was granted to the Tobique Valley Railway to build part of the railway line from Perth to Plaster Rock.. This subsidy was in lieu of above $89,600 granted the previous year for the full length of 28 miles; amended to $6,400 per mile for the first 14 miles with a cap of $89,600 for the first section rather than for the total line.. The rationale for increasing the subsidy rate was based on the argument that the difficult terrain over which the first 14 miles would be constructed required a doubling of the usual federal subsidy rate of $3,200. This change was assented to 23 June 1887.45
Although construction was progressing on the TVRy Co. line, no advances or draw-downs were made against this second, more generous subsidy (Victoria 50-51 chapter 24) and the subsidy lapsed and was revoked. Despite not drawing against the subsidy related to the first section; the Federal Government granted a further subsidy of (53 Victoria Chapter 2) for $35,200.00 covering 11 miles beyond the first 14 miles. As of 31 December 1890 no portion of the second subsidy had been paid.46
In 1891 the Federal Government re-instated a like subsidy to that of 50-51 Victoria chapter 24, for the first 14 miles at the previous rate of $6,400 per mile and a cap of $89,600 (54-55 Victoria chapter 8). 47
A final subsidy of $9,600 for the last three miles of the railway line was approved in 1892 (55-56 Victoria chapter 5)48

Summary of Federal Government Subsidies49

 Federal Subsidy(a) Distance Gov't & TVR(b)
Year Act Amount Miles Contract Date Comment
1886 49 Ch 10 89,600 28 mi. Cancelled
1887 50-51 Ch 24 89,600 14 mi. 4 Sep 1888 in lieu 49 Ch 10
1888
1889
1890 53 Ch 2 35,200 11 mi. 30 Nov 1892(c)
1891 54-55 Ch 8 89,600 14 mi. 50-51 Ch24 revoked, lapsed
1892 55-56 Ch 5 9,600 3 mi. 30 Nov 1892
(a) Subsidies nominally covered 28 miles. The actual distance was 27.88 miles. The first 14 miles was from Perth Centre to Trout Brook. The second leg of 13.88 miles was from Trout Brook to Plaster Rock Island.
(b) These were contracts between the Federal Government and the Railway regarding the subsidies and not contracts for construction of the railroad between TVRCo. and another contractor.
(c)Some Government reports show 27 Sept 1892 as date of signatures and 30 November 1892 as date of contract

Subsidy Payments by Year50
Subsidy Distance 1892 1893 1894 Total
$89,600. 14 mi. $73,000. $16,600. nil $89,600.
$35,200. 11 mi.
$9,600. 3 mi.
$44,800.1 14 mi. nil 25,174. 19,342. 44,416.
$134,800. 27.88 mi..2 $73,000. $41,674. $19,342. $134,016.
note 1: The two subsidies $35,200 and $9,600 were combined for payout purposes
note 2: Final length was 27.88 mi vs 28.0 used in subsidy calculations

Provincial Subsidy

The Province of New Brunswick Legislature passed, on 16th April, 1891,>An Act in aid of the Construction of Railways This Act, in its list of eligible railways, included the Tobique Valley Railway Company. The available subsidy was $2,500 per mile or $70,000 in total.51
This Act was amended on 7th April, 1892 to waive the provision of the Act that required the Tobique Valley Railway Company to supply rolling stock. TVRy Co. no longer had to meet that requirement to be paid the subsidy earned by it under the provisions of the said Act. Furthermore the Governor in Council could, as his discretion, permit the use of good second-hand steel rails rather than new steel rails as specified in the unamended Act.52
TVRy Co received the maximum available subsidy of $70,000.

Capital Account of Tobique Valley Railway Company

The initial capitalization of TVRy Co. was in stock valued at $40,000 equivalent to 400 shares with a par value of $100 each. As the financial statements for the Tobique Valley Railway Company show; most, if not all, of these shares were issued without any money going into the corporate treasury. The 273 shares issued carried a book value of $27,300.00 but paid up share capital of only $200.00.53
Initial Capitalization

Authorized Issued Paid Up
Ordinary Shares $40,000. $27,300. $200.
Total Capital $40,000. $27,300. $200.
At or shortly after its formation, Tobique Valley Railroad Shareholder List comprised the following individuals who in total held 273 shares.54

Tobique Valley Railway Company
List of Shareholders and Shares Held at Inception
Name No of Shares Name No of Shares
Baird, George 1 Jones, R.S. 15
Beveridge, A.J. 3 Ketchum, G.R. 6
Burpee, Moses 8 Ketchum, E.B.. 14
Beveridge, W.B. 10 Knox, James 15
Capital 1 Murray, A.S.. 4
Connor, John 11 Murchie, Geo. A. 11
Carmichael, D. 16 McQueen, Daniel 3
Drysdale,W 5 McConnell, John R. 4
Douglas, Wm 7 Stewart, J.E.. 5
Douglas, Frank 9 Sterling, A.A. 8
Drysdale et al 10 Stratton, John A. 13
Edgecomb, F.B. 4 Skinner, R.C. 14
Green, Franklin 7 Thompson, F.P. 9
Harmon, C.A. 6 VanWort, J.A.. 5
Hale, J.H. 13 Vince, D. McLeod. 6


Total Shares Issued 273
That the early shareholders did not risk their own capital was alluded to in the press coverage of the sod turning at Perth Central on 18 September 1888. Hon. Mr. Costigan is reported to have said:
“...in the early history of the company [TVRy Co.] he [John E Stewart, president of TVRy Co.] had been persuaded to admit men who claimed to be able to use beneficial influence in making financial arrangement for the prosecution of the work, men who bought stock without paying a dollar, and afterwords obstructed the progress of the road...”55
Between the Company's inception and 30 June 1890 another 95 shares were issued, but again no cash flowed to the treasury of the Company from the issuance of these additional shares.

Summary of Statement of Capital 56
Year Ended 30 June 1890

Authorized Issued Paid Up
Ordinary Shares (368) $40,000. $36,800. $200.
Dominion of Canada $89,600. $19,750. $19,750.
Total Capital $40,000. $27,300. $200.
N.B. Shares are $100 par value. Total Capital is sum of value of issued shares plus authorized Federal Subsidy. Railway Statistics of Canada, Summary Statement of Capital for Year Ending 30 June 1890 [no page number and not included in index]
Around that time TVRy Co. was in financial difficulty and, on 2 November 1891, Mr George W. Jones, Mr. Donald Carmichael and Mr. J. Douglas Hazen, as trustees, advanced two mortgages and were conveyed the assets of TVRy Co.. These mortgage arrangements were made to facilitate the issuance of two series of bonds .57
An Act to amend the Act incorporating the Tobique Valley Railway Company was passed 7th April, 1892 by the New Brunswick Legislature. This Act confirmed, and declared valid the mortgages entered into by Messrs. Jones, Carmichael and Hazen.. Furthermore, the Bonds secured by the mortgages were declared to have a first charge and the mortgages a subordinate second charge on the undertakings, lands, tolls and income of the Tobique Valley Railway Company.58The capital arrangements of 1891-92 were made in anticipation of entering into the above described agreement with the Canadian Pacific Railway Company for the operation of the Perth to Plaster Rock line. The Summary of the Statement of Capital at the end of fiscal 1903 reflects the bond issues and total Federal and Provincial subsidies paid to TVRy Co.
Summary of Statement of Capital59
Year Ended 30 June 1903

Authorized Issued Paid Up
Ordinary Shares $40,000. $40,000. $29,900.
5% 1st Ordinary Bonds $140,000. $140,000. $140,000.
5% 2st Ordinary Bonds $140,000. $140,000. $140,000.
Dominion of Canada $134,400. $134,016. $134,016.
Total Capital $524,400. $524,016. $513,916.
The Directors of TVRy Co. at 30 June 1903 were as follows60: James Cox, President, Saint John, Donald Carmichael, Saint John, R.K. Jones, Saint John, John Connor, Saint John, James Stratton, Sect'y Treas., Ottawa

Conclusion

On 21 February 1936, The Tobique Valley Railway was sold by auction at Andover, New Brunswick. The auction was initiated by the Tobique Valley Railway bondholders' solicitors Sanford and Harrison.61 The Railway was purchased by S. Ronald Jones and E.B. Harley, both of Saint John, New Brunswick, for $100,000.62 Following the TVRy Co.auction, the properties of TVRy Co.were transfered to a new company, Tobique Railway Company Limited, by deed on 2 March 1936.63
For 90 years the line between Perth and Plaster Rock operated by the Canadian Pacific Railway served the people of the Tobique Valley.. People, pulp and potatoes and sundry other goods were transported to and from these two centres over the years. Maybe even a little gypsum found its way to market via this railroad line. The final years of operation were dedicated to the transport of wood chips from the Fraser Company's mill at Plaster Rock. CPR discontinued service on the line in 1987 after spring flooding destroyed a bridge across the St John River between Perth and Andover. The line was officially abandoned by 1991 64 and the rail bed became part of the “Rails to Trail” system.
21891 Census, New Brunswick, Victoria County, Andover, page,7 family 37 “Introduction - Census of Canada, 1891 - Library and Archives Canada”, Searchable database at: http://www.bac-lac.gc.ca/eng/census/1891/pages/item.aspx?itemid=475298
3The St. John Sun, 7 August 1909, https://news.google.com/newspapers? id=KYxKAAAAIBAJ&sjid=RScDAAAAIBAJ&pg=1466%2C5698049 [may need to copy & paste to link to article]
4“ An Act to Incorporate the Tobique Valley Railway Company”. Statutes of the Province of New Brunswick, 1885, 48 Victoria Chapter 51. Free download as pdf document from books.google.ca Acts of the General Assembly of His Majesty's Province of New Brunswick, 1884, page 232 https://books.google.ca/books?id=L101AQAAMAAJ&lpg=PA232&ots=nFY5X5IhGK&dq=act%20%20tobique%20valley%20railway%201885&pg=PA232#v=onepage&q=act%20%20tobique%20valley%20railway%201885&f=false
5Ibid Paragraph 1
6“Row Over a Signature Ex President of the Tobique Valley Railway Here about it “, Ottawa Citizen Saturday July 27, 1895 Vol XLVI No. 2194 [the google link has as July 26] https://news.google.com/newspapers?id=qE4uAAAAIBAJ&sjid=TtkFAAAAIBAJ&pg=1779%2C112982 4
7Ibid
8Canadian Railway and Marine World, Op Cit
9Daily Consular and Trade Reports, Department of Commerce and Labor, Bureau of Manufacturers, US Government, 1910, Vol 76 – 152, page 710 (online) https://books.google.ca/books?id=XwY4AQAAMAAJ&q=john+stewart+andover+new+brunswick&hl=en&sa=X&ved=0ahUKEwjWo50h5ubNAhUMWx4KHWBzBu4Q6AEIKzAB
10Dictionary of Canadian Biography, http://biographi.ca/en/bio/costigan_john_14E.html
11Canada. Parliament. Report of Public Accounts Committee with reference to the Tobique Valley Railway, 1895, S.E. Dawson, Queens Printer http://eco.canadiana.ca/view/oocihm.9_04191
12Canada. Parliament. House of Commons. Official Report of Debates, Fifth Parliament, Fourth Session, 1886, Commons Debate, Vol XXII, 28 May page 1624, (PDF download available at Library of Parliament, URL: parl.canadiana.ca/ oocihm.9_07186_5_1),
13Canada. Parliament. Sessional Papers,Volume 13, Fourth Session of Sixth Parliament 1890, Sessional Paper No.19 Annual Report Minister of Railways and Canals Fiscal Year from 1 July 1888 to 30 June 1889, Appendeces, pages 162-163 by 49 Victoria Chapter 10, Table Grants under Subsidy Acts Cancelled &c http://eco.canadiana.ca/view/oocihm.9_08052_23_13.
14“Tobique Valley Railway, Hon. John Costigan Turns First Sod at Perth Centre, From Woodstock(NB.) Press”, Irish Canadian Oct 4 1888 page 8, (online ) at https://news.google.com/newspapers?id=xmIBAAAAIBAJ&sjid=FSoDAAAAIBAJ&pg=1549%2C1014475
15Op cit footnote 10
16Canada.Parliament.Public Accounts Committee, Tobique Valley Railway, 1895, S.E. Dawson Op Cit
18Ibid
19Ibid
20Canada. Parliament. Report of Public Accounts Committee with reference to the Tobique Valley Railway, 1895, S.E. Dawson, Queens Printer
21“ An Act to Incorporate the Tobique Valley Railway Company”. Op cit footnote 10
22Canada.Parliament.Sessional Papers,Volume 13, Fourth Session of Sixth Parliament 1890, Annual Report Minister of Railways and Canals Fiscal Year from 1 July 1888 to 30 June 1889, page xlix http://eco.canadiana.ca/view/oocihm.9_08052_23_13
23“Men and Things”, The Catholic Weekly Review, Vol 2 No 33, September 29, 1888, page 408 http://eco.canadiana.ca/view/oocihm.8_04950_85
24“Construction News”, Engineering News, 10 November 1888=, page 374 (online PDF) books.google.ca/?id=BCIKAQAAMAAJ
26Public Accounts Committee, Tobique Valley Railway, 1895, S.E. Dawson Op Cit pages 9 and 17
27“Mercantile Summary”, Monetary Times, Volume 24, No 15, 10 October 1890, page 429 http://eco.canadiana.ca/view/oocihm.8_06569_432
28Canada. Parliament. Sessional Papers,Volume 11, First Session of Seventh Parliament1891, Annual Report Minister of Railways and Canals Fiscal Year from 1 July 1889 to 30 June 1890, Tables showing location of Railways &c, page 13 http://eco.canadiana.ca/view/oocihm.9_08052_24_11
31Canada. Parliament.Sessional Paper, Volume 6, First Session of Seventh Parliament1893, Annual Report Minister of Railways and Canals Fiscal Year from 1 July 1891 to 30 June 1892, Tables showing location of Railways &c, page 14 http://eco.canadiana.ca/view/oocihm.9_08052_26_6
35Canada. Parliament. Sessional Papers,Volume 8, Fourth Session of Eighth Parliament 1894, Annual Report Minister of Railways and Canals Fiscal Year from 1 July 1892 to 30 June 1893, Tables showing location of Railways &c, page 438 http://eco.canadiana.ca/view/oocihm.9_08052_27_8
36Canada.Parliament. Acts.Second session seventh Parliament, “An Act to confirm an agreement between the Tobique Valley Railway Company and the Canadian Pacific Railway Company” 55-56 Victoria chapter 60, page 63 https://books.google.ca/books?id=jRFQAQAAMAAJ&lpg=RA1-PA63&ots=yerIXgYOh4&dq=acts%20of%20parliament%20canada%201892%20cpr%20and%20tobique&pg=RA1-PA63#v=onepage&q=acts%20of%20parliament%20canada%201892%20cpr%20and%20tobique&f=false id=Wpo_AQAAMAAJ&source=gbs_slider_cls_metadata_7_mylibrary&redir_esc=y
37Ibid page 8
38Daniel F. Johnson, New Brunswick Vital Statistics from Newspapers, Provincial Archives of New Brunswick: Vol 85, number 2183, Carleton Sentinal, Woodstock named the man Mr. Menniman of Portland, Saint John with a wife and four children, Vol 85, number 1649 Kings County Record, Sussex named Charles McMinnamon of Sussex with wife and six children of Saint John, Vol 87, number 386 The Times, Moncton named Charles McMeniman of Saint John with a wife and four children. http://archives.gnb.ca/archives/
39Monetary Time 4 May 1894, page 1381 http://eco.canadiana.ca/view/oocihm.8_06569_618
40The Tobique Valley Railroad, Saint John Daily Sun, 12 April 1897, page 2. Viewable online at https://news.google.com/newspapers?id=M8kDAAAAIBAJ&sjid=vigDAAAAIBAJ&pg=6494%2C6305256
41Canada. Dept. of Transport, ‎Robert Dorman – 1938, 'A statutory history of the steam and electric railways of Canada, 1836-1937', New Brunswick 4 Edw. VII, Cap. 86, - ‎Snippet view https://books.google.ca/books?id=vr2CAAAAIAAJ
42Canada.Parliament. Sessional papers, 1917, Volume 52, no.11, Sessional Papers no.20-20b, page 238 https://archive.org/stream/n11sessionalpaper52canauoft#page/238/mode/2up/search/campbellton
43Canada.Parliament. Sessional papers, Railway Subsidies, 1908 to 1916, Since the subsidies were never drawn down each individual year has not been cited. The reader can access each year and each volume from the sessional papers available from Queens University at http://library.queensu.ca/gov/sessional-papers.
44The Maritime Merchant, 19 August 1909, page 28 (page 15 of online document) https://news.google.com/newspapers?nid=2284&dat=19090819&id=MU5LAAAAIBAJ&sjid=WikDAAAAIBAJ&pg=5417,5691174&hl=en
45Canada.Parliament.House of Commons. Official Report of Debates, Fourth Session of Fifth Parliament , 1887, 50 Victoria Chapter 24. http://eco.canadiana.ca/view/oocihm.9_07186_4_1
46Canada. Parliament. Sessional Papers,Volume 11, First Session of Seventh Parliament1891, Annual Report Minister of Railways and Canals Fiscal Year from 1 July 1889 to 30 June 1890, Government Action as to Subsidized Lines, Tobique Valley Railway, pages xiix http://eco.canadiana.ca/view/oocihm.9_08052_24_11.
47Canada. Parliament. Sessional Papers,Volume 7, Second Session of Seventh Parliament, 1892,Sessional Paper No.9, Annual Report Minister of Railways and Canals Fiscal Year from 1 July 1890 to 30 June 1891 Appendeces, page lvii http://eco.canadiana.ca/view/oocihm.9_08052_25_7.
48Canada. Parliament. Sessional Papers,Volume 6, Third Session of Seventh Parliament, 1893,Sessional Paper No.9, Annual Report Minister of Railways and Canals Fiscal Year from 1 July 1891 to 30 June 1892 Appendeces, page 203 http://eco.canadiana.ca/view/oocihm.9_08052_26_6.
49Canada. Parliament. Sessional Papers, Volume 8, Fourth Session of Seventh Parliament of Dominion of Canada, Session 1894, Annual Report of Railways and Canals, Fiscal Year 1 July 1892 to 30 June 1893, Railways, Government Actions to Subsidies of Lines, page xlix http://eco.canadiana.ca/view/oocihm.9_08052_27_8.
50Canada.Parliament.House of Commons.Sessional Papers. Compiled from various Annual Reports of Department of Railways and Canals
51“An Act in aid of the Construction of Railways”, Acts of General Assembly of the Province of New Brunswick, 54 Victoria CAP XI. (online) Acts of the General Assembly of Her Majesty's Province of New Brunswick, Passed in the Months of March – April 1891, PDF e-book.http://www.books.google.com.
52“An Act in the amendment of the 54 Victoria chapter 11 intutled An Act in aid of the Construction of Railways”, Acts of General Assembly of the Province of New Brunswick, 55 Victoria CAP XX. (online) Acts of the General Assembly of Her Majesty's Province of New Brunswick, Passed in the Months of April 1892, PDF e-book.http:// www.books.google.com.
53Tobique Valley Railroad Stock Ledger 1886 -1892, MS 1 Stock Ledger, Provincial Archives of New Brunswick, Bonar Law - Bennett Building, 23 Dineen Drive, UNB Campus, Fredericton, NB Canada
54Tobique Valley Railroad Manuscript Files MS1 Stock Ledger 1886 -1892, MS 3 Legal, Provincial Archives of New Brunswick, Bonar Law - Bennett Building, 23 Dineen Drive, UNB Campus, Fredericton, NB Canada
55“Tobique Valley Railway,Hon. John Costigan Turns First Sod at Perth Centre, From Woodstock(NB.) Press”, Irish Canadian Oct 4 1888 page 8, viewable online at: https://news.google.com/newspapers?id=xmIBAAAAIBAJ&sjid=FSoDAAAAIBAJ&pg=1549%2C1014475
56Canada.Parliament.House of Commons.Sessional Papers, Volume 11, 1891, Sessional Paper No.10, Reports of Railway Statistics 1890, [Schedule] No. 1, Summary of Capital & c http://eco.canadiana.ca/view/oocihm.9_08052_24_11.
57Canada.Parliament. Acts.Second session seventh Parliament, “An Act to confirm an agreement between the Tobique Valley Railway Company and the Canadian Pacific Railway Company” 55-56 Victoria chapter 60, page 63 https://books.google.ca/books?id=jRFQAQAAMAAJ&lpg=RA1-PA63&ots=yerIXgYOh4&dq=acts%20of%20parliament%20canada%201892%20cpr%20and%20tobique&pg=RA1-PA63#v=onepage&q=acts%20of%20parliament%20canada%201892%20cpr%20and%20tobique&f=false
58“An Act to amendment the Act incorporating the Tobique Valley Railway Company”, Acts of General Assembly of the Province of New Brunswick, 55 Victoria CAP XXII. (online) Acts of the General Assembly of Her Majesty's Province of New Brunswick, Passed in the Months of April 1892, PDF e-book. At: https://books.google.ca/books?id=4lFFAQAAMAAJ&q=tobique#v=snippet&q=tobique&f=false
59Tobique Valley Railroad Stock Ledger 1886 -1892, MS 1 Stock Ledger, Provincial Archives of New Brunswick, Bonar Law - Bennett Building, 23 Dineen Drive, UNB Campus, Fredericton, NB Canada
60Ibid
61Railway to Be Sold, The Montreal Gazette, Volume CLXIV, No 305, 20 December 1935, page 8 Viewable online at:https://news.google.com/newspapers?id=8L4tAAAAIBAJ&sjid=C5kFAAAAIBAJ&pg=4653,2003746
62Tobique Valley Railroad Manuscript File – hand written note, Provincial Archives , Richard Bennett Hatfield Archives Complex, Bonar Law - Bennett Building, 23 Dineen Drive, UNB Campus, Fredericton, NB Canada
Page 25 © 2015 & 2016 by David Gildart, TVRHS 1960, Abbotsford, BC
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