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The New Brunswick Land and Lumber Company, Ltd. was chartered in 1881 by George Stephen of Montreal; Samuel Thorne, merchant of New York City; New York bankers, John K. Tod and Oliver Nothcote; Fredericton engineer, Egerton R. Burpee and the Honourable Isaac Burpee of Saint John. Under an act of Parliament, the company was given rights over vast areas of New Brunswick land for the purposes of lumbering, farming, cattle raising, and mining. It took responsibility for the processing and transport of the lumber goods by constructing mills and ships and building tramways, canals and roads.
The company was also to establish stores and shops on its property and to promote immigration and colonization on company land. The company was given wide authority and was restrained only in the areas of railway building and banking. The capital for the venture was $1,500,000 in $100 shares, the majority held by the Burpees.
Isaac Burpee (1825-1885), a partner in the land and lumber company, was born in Sheffield, N.B. He established a hardware store in Saint John in 1848. He was a Liberal member of Parliament from 1872 until his death and the minister of customs in Mackenzie's government (1873-1878). He was also a director of the New Brunswick Railway.
The Canadian Biographical Dictionary by H. Cooper