The plan upon which these houses were erected was that of mortgage; thus almost all are now in possession of one person who became suddenly possessed of the requisite means by the sale of a large tract required for military purposes. But this species of property seldom does the owner good in his lifetime; and, if he does reclaim it, there is no tenant to be had now; so that the building decays, and in a very short time becomes an incumbrance. Mortgages only thrive where the demand is superior and certain to the investment; and then, if all goes smoothly, mortgager and mortgagee may benefit; but where a mechanic or a storekeeper, with little or no capital, undertakes to run up an extensive range of houses to meet an equivocal demand, the result is obvious. If the houses he builds are of stone or brick, and well finished, the man who loans the money is the gainer; if they are of wood, indifferently constructed and of green materials, both must suffer. So it is a speculation, and, like all speculations, a good deal of repudiation mixes up with it. There are two good houses of entertainment for the gentleman traveller in Toronto; the Club House in Chewett's Buildings and Macdonald's Hotel. In the former, a bachelor will find himself quite at home; in the latter, a family man will have no reason to regret his stay. But servants at Toronto--by which I mean _attendants_--are about on a par with the same race all over Canada. The coloured people are the best, but never make yourself dependent on either; for, if you are to start by the stage or the steamer, depend on your watch, instead of upon your boots being cleaned or your shaving-water being ready. In the latter case, shave with cold water by the light of your candle, lit by your own lucifer match. They are civil, however, and attentive, as far as the very free and easy style of their acquirements will permit them; for a cook will leave at a moment's notice, if she can better herself; and any trivial occurrence will call off the waiter and the boots. The only punctual people are the porters; and, as they wear glazed hats, with the name of the hotel emblazoned thereon, frigate-fashion, you can always find them. An excellent arrangement is the omnibus attached to the hotels in Canada West, which conveys you cost-free to and from the steamboat, and a very comfortable wooden convenience it is, resembling very much the vans which, in days of yore, plied near London. My first start from Toronto was to Ultima Thule, Penetanguishene, a locality scarcely to be found in the maps, and yet one of much importance, situate and being north-north-west of the city some hundred and eight miles, on Lake Huron.