It is, of course, of the greatest importance to emigrants that whatever
capital they may possess, over the necessary expenses of the voyage,
&c., should be remitted to Canada in the _safest_ and most _profitable_
manner. Both the British American Land Company and the Canada Company
afford facilities to emigrants, by receiving deposits and granting
letters of credit on their agents in Canada, by which the emigrants
obtain the benefit of the current premium of exchange. It is unsafe and
injudicious to carry out a larger amount of specie than what will defray
the necessary expenses of the voyage, because a double risk is
incurred,--the danger of losing, and the temptation of squandering. The
emigrant, therefore, who does not choose to remit his money through
either of the before-mentioned companies, should procure a letter of
credit from some respectable bank in the United Kingdom on the Montreal
bank.
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