AITKEN, Hugh G.J.
Title: Welland Canal Company : A Study in Canadian Enterprise. First Edition in dustjacket.
Publisher:  Harvard University Press, Cambridge, Mass., 1954,
Seller ID: 106164
AITKEN, Hugh G.J. The Welland Canal Company : A Study in Canadian Enterprise. Cambridge, Mass. : Harvard University Press, 1954. First Edition. Pp (6),[vii]-ix,(3),--178,(2) + map. Another map in text. Tables, charts in text. 8vo, tan cloth, black lettering to spine. In the Studies in Entrepreneurial History series. "Among the transportation improvements of the nineteenth century in North America the Welland Canal occupies a position of uniqueimportance. Opened for traffic in 1829, the Canal provided a navigable wat erway around Niagara Falls, making it possible for ships to pass freely from Lake Erie to Lake Ontario. Its significance for the expansion of shippingon the Great Lakes can hardly he overestimated; in addition it played a vi tal roie in the rivalry between American and Canadian transportation routesfor the trade of the West, being designed initially as Canada's answer to the Erie Canal between Buffalo and New York. Enlarged no less than three times since its original construction, the Welland Canal continues in active use at the present day and promises to acquire even greater importance, both for Canada and for the United States, with the completion of the proposedSt. Lawrence Seaway. In this book Mr. Aitkcn relates the history of the pr ivate corporation which constructed the first Welland Canal and analyzes its operations and problems in detail. He focuses particular attention on theentrepreneurial group responsible for the inception and execution of the p roject, upon their partlv conflicting interests, and upon the way in which thev created an organization to their purposes. Mr. Aitken deals chiefly with problems of promotion, construction, finance, and management, and identifies the sources of the Company's principal difficulties: managerial inexperience, scarcity of capital, inadequate engineering skills, and political opposition. While the book is primarily a biography of the Company rather than of the men who composed it, considerable emphasis is laid on the influence of individuals upon the formation and execution of policy, particularly on the roles played by three men: William Hamilton Merritt, a mill owner and merchant in the Niagara peninsula, later an important Canadian politician; John B. Yates, a capitalist of Albany, New York, by profession a manager of lotteries; and John H. Dunnn, receiver general in the government of Upper Canada. These individuals are identified as the nucleus of the entrepreneurial group and an attempt is made to analyze their motives and appraise the functions they performed in the Company." (from the dj). Contents :Preface; 1. Upper Canada: The Inland Province; 2. Promotion; 3. Construction; 4. Finance; 5. Entrepreneurshp. Appendix : Revenue, Traffic, Costs, and Sources of Capital. With notes and index. A few small marginal coffee spots, elsevery good in price-clipped dustjacket. 60.00