The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-04-22
DOMINION OF CANADA.

CONSTRUCTION OF THE OTTAWA AND QUEBEC
RAILwAy-rAssAGE OF THE INSURANCE
DILL-DEDArE ON THE PACIFIC RAILROAD.
lBY TELEGRAPH TO THE HERALD
OTTAWA, April 81, 1871
Considerable excitement prevails IN Montreal over
tho decision Of tho Quebec government TO build the
line OF the Quebec and Ottawa Railroad to the village
Of Terrcbonne, instead OF adopting lower ana
direct route II is not INTENDED TO mako Terrebonne
tho terminus the change in the line OF the section
al that place being due entirely 10 engineering
difficulties OF an expensive and almost insurmountable
character on the other contemplated limo. Another
Of feeling among Montreal merchants and ship
pers Is that II Is feared that the railroad may be
tended from Tcrreborne to ST. Rose twelve miles dis
tant and thus ntircy city from through
traffic and advantages Of travel and making direct
route between Quebec and Ottawa mt tho expense Of
Montreal Members of Parliament from that section
that there is nothing In favor OF Terrbonnc as
point on tho lire, except that tho government cngi
necrs forced into adopting 1t owing to engineer
ing difficulties above alluded to.
PASSAGE INSURANCE BiLL.
The Senate to-day passed the Insurance bill, In
crcasing existing restrictions on American and
foreign companies. The bill provides that no COM
pany can do business In the Dominion without
license from the Minister Of Finance aud every COM
pauy deposit $4,000 OF national securities the
government OF Canada to paw interest IN said dispute.
Valuation OF policies is made compulsory every hvc
years. and foreign companies are required 10 make
extra deposit to reinsurance. In other words.
II the liabilities OF company 10 It's policy
holders In Canada exceed It's Canada assets IN
GLIDING the government deposit, then tho company
must mako good tho deficiency; failure Its license
will be withdrawn The bill, having already passed
the House, will probably become law, though its
effect will be tho complete withdrawal OF several
American companies, since tho matter has been
agitatcd II Is noteworthy fact that the business OF
the life insurance panies OF Canada have largely
increased while that OF British American CON-
panies has decreased. In tho latter the decrease
amounts to over n million and half Of dollars.
PACIFIC RAILROAD
During the last two days the Commons have been
occupied in debate tho Canadian Pacific Railway.
The Premier IN his speech stated that the surveys
will probably DO completed before the end
OF the year, but II was the purpose
of the government TO commence the work of
construction once, 800 miles west from Lake Su-
pcrior being already under contract. II Is estimated
that this portion will cost average oil $4,000 per
mile TINS includes rolling stock and stcel rails
A telegraph line Is now completed 1000 miles West
OF Ottawa The opposition, represented by DR..
Topper, in long speech condemned the ad
ministration for building roads rs government
work. insisting that IL should be done by the
company, with land and money guaranty.
as originally contemplated Sir John Macdonald's
govern vigorously assailcd Tor hastily enter
ing on its and violating the act providing
for the construction ~ tho road. Premier Mackenzie
will reply 10 the charges. The question Is poii
cal than practical and intended chiefly to efoct gen.
eral election.