They
also acquired most of the valuable property of the region.
By the mid-1870s, Saint John had rail connections with both
Central Canada and New England, but steamships made its
sailing ships obsolete, and the railroads, instead of increasing the market, destroyed local manufacturers by undermining competition. Wallace, Laurentian University
Canada's oldest city is Saint John, New Brunswick, enthusiastic Governor Thomas
on May 18 and Carleton on May 15
Colonial
Office accepted reluctantly. During the
Revolutionary War, the Americans and the French and their descendants supplied the
British Navy with masts, ships and equipment,
12
13
which created the economic foundation on which the city was to grow.
Under the influence of national
policy, there was a significant revival in the 1880s, but as Table I shows, it was temporary. John was not chosen as the capital of the province, and they were not left with
,
civil, military, and educational institutions,
,
of which went to little Fredericton. The incoming
loyalists both expanded local markets and provided labor for
's expanding operations. SAINT JOHN, NEW BRUNSWICK (1800-1900)
C M. D. The financial power of Saint John
reached its peak in the 1850s and 1860s when its builders,
bankers, insurance men, merchants, often the same people,
2 mingled with other people from London, Boston and New York.
