Mr. Wood's Argument Before the Provincial Arbitrators

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Excerpt from Mr. Wood's Argument Before the Provincial Arbitrators: On the Modes Proposed for the Apportionment of the Excess of Debt and Division of Assets Between Ontario and QuebecOf the debt created for local purposes, in round numbers resulting from the Seigniorial legislation, left no asset behind it. If the whole had left behind it of assets, then Lower Canada would just simply take its assets, situate within its own Province, namely, and Upper Canada would take its assets, situate within its own Pro vince, namely, But as I have said before, of the left no asset behind it - that is, the assets to be divided amount to only It follows logically that the assets should be awarded on the same principle as the excess of debt, or to Speak more accurately, it necessarily follows that the same principle actually divides the assets, giving to Lower Canada the assets left behind its local expenditure of less its Seigniorial Legislation expenditure and to Upper Canada the assets left behind its local expenditure of 000, less its compensation ¿owing from the Seigniorial Legislation. In other words, of the assets to be divided by the arbitrators, it gives to Lower Canada its local assets, and to Upper Canada its local assets. It is worthy of observation that so unassailable is/this principle, that the principle of proportion applied to the division of the debt, is equally applicable to the divismn of the assets, and produces the same results. Of all the modes suggested, this is least open to objection. It is founded on truth and justice. It is not even Open to criticism. It is able to be understood by the commonest intellect. It cannot be attacked by the partizans of either Province, and 'must recommend itself to the common sense of the whole country. The same cannot be said of any other mode which has been suggested or which I have been able to suggest to myself.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.