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Canada Company
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Canada Company
The Canada Company was a private British land development 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 the Canada Company Act 1825 (6 Geo. 4. c. 75) of the British parliament, 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.
Founded by the Scottish novelist John Galt, who became its first Superintendent, the company was successful in populating an area called the Huron Tract – an enterprise later called "the most important single attempt at settlement in Canadian history". This resulted in the Mississauga people being dispossessed of their ancestral lands.
The company is unrelated to the modern-day Canadian charity of the same name (Canada Company: Many Ways to Serve), founded in 2006 by Blake Goldring, which assists former Canadian military members and their spouses in regaining civilian employment after service in the Canadian Armed Forces.
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 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.
Appointed Secretary of the Canada Company in 1824 John Galt helped to obtain a charter for the company on 19 August 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.
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Canada Company
The Canada Company was a private British land development 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 the Canada Company Act 1825 (6 Geo. 4. c. 75) of the British parliament, 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.
Founded by the Scottish novelist John Galt, who became its first Superintendent, the company was successful in populating an area called the Huron Tract – an enterprise later called "the most important single attempt at settlement in Canadian history". This resulted in the Mississauga people being dispossessed of their ancestral lands.
The company is unrelated to the modern-day Canadian charity of the same name (Canada Company: Many Ways to Serve), founded in 2006 by Blake Goldring, which assists former Canadian military members and their spouses in regaining civilian employment after service in the Canadian Armed Forces.
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 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.
Appointed Secretary of the Canada Company in 1824 John Galt helped to obtain a charter for the company on 19 August 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.
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