by their colleagues. I very soon found out, however, that they were
"riding to orders," and those orders, no doubt, being interpreted,
were: "Refuse nothing, discuss everything, but do nothing."

On the 8th December we met the Canadian delegates at the bank of
Messrs. Glyn, in Lombard Street, and we drew up a proposal, which these
gentlemen corrected. We adopted their corrections and sent in the
paper, as an agreed paper, to the Duke.

Two days afterwards, for better assurance, we received the following
memorandum:--

"With a view of better enabling the gentlemen whom they met yesterday
at 67, Lombard Street, to take immediate measures to form a Company for
the object of carrying out the construction of a telegraph line, and of
a road to establish frequent and easy communication between Canada and
the Pacific, and to facilitate the carrying of mails, passengers, and
traffic, the undersigned have the honour to state, that they are of
opinion that the Canadian Government will agree to give a guarantee of
interest at the rate of four per cent, upon one-third of the sum
expended, provided the whole sum does not exceed five hundred thousand
pounds, and provided also that the same guarantee of interest will be
secured upon the other two-thirds of the expenditure by Imperial or
Columbian contributions.

"If a Company composed of men of the standing and wealth of those they
had the pleasure to meet is formed for the above purposes, under such
conditions as will secure the interests of all parties interested, and
the accomplishment of the objects they have in view, such an
organization will be highly favourable to the settlements of an immense