In reflecting on this error—for error and imprudence it was, even though the result had been fortunate—I have still this poor comfort, that there was not one in a hundred of persons similarly situated but fell into the same mistake, of trusting too much to present appearances, without sufficient experience in the country.
I had, as I have already stated, about 300 pounds when I arrived in Canada. This sum was really advantageously invested in a cleared farm, which possessed an intrinsic and not a merely speculative value. Afterwards a small legacy of about 700 pounds fell into my hands, and had I contented myself with this farm, and purchased two adjoining cleared farms containing two hundred acres of land of the finest quality which were sold far below their value by the thriftless owners, I should have done well, or at all events have invested my money profitably. But the temptation to buy wild land at 5s. an acre, which was expected to double in value in a few months, with the example of many instances of similar speculation proving successful which came under my notice, proved irresistible.
In 1832 emigration was just at its height, and a great number of emigrants, several of whom were of the higher class, and possessed of considerable capital, were directed to the town of C—–, in the rear of which extensive tracts of land were offered to settlers at the provincial government sales. Had this extensive emigration continued, I should have been enabled to double my capital, by selling my wild lands to settlers; but, unfortunately, the prevalence of cholera during that year, and other causes, gave such a serious check to emigration to Canada that it has never been renewed to the same extent since that time. Besides the chance of a check to emigration generally, the influx of strangers is often extremely capricious in the direction it takes, flowing one year into one particular locality, and afterwards into another. Both these results, neither of which was foreseen by any one, unfortunately for me, ensued just at that time. It seemed natural that emigrants should flow into a fertile tract of land, and emigration was confidently expected steadily to increase; these were our anticipations, but neither of them was realised. Were it suitable to the character of these sketches, I would enter into the subject of emigration and the progress of improvement in Canada, respecting which my judgment has been matured by experience and observation; but such considerations would be out of place in volumes like the present, and I shall therefore proceed with my narrative.