The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-03-04
THE CRIPPLED DOMINION.
WHAT ms CiUsED THE PTNANCT.iL
DISORDERS or C.iNl8D1.
The rntcrcoionini and the rnor-uousiy Costly
Pacific Railway Cio.c Relations TO the
United States Greater Facilities Needed.

TORoNro. Feb PA worry wasteful OK
pcnditurc which hns contributed largely to tho
present financial disorders Of Canada. has boon
that OF the lntcrcolonial halfway. extending
along the caAtcrn shore Of New Brunswick AMI
the River ST. Lawrence and the River Du I,oup |
to Halifax. This enterprise was undertaken as
"A Government work, and WIS completed as |
such. The Pacific Railway was commenced |
about the Same time. but II would BIZ very dm- |
cult 10 say when II will be- completed. Tho fall
ing OIL in the customs duties during the last |
fiscal yoar ending June 30. 1876. was about two |
| millions ami hall of dollars. Tho Minister OF
| Finance sets the decline in this branch Of rev.
| cnuo down 70 the account of n short harvest
| yoar. unmindiul Of the fact that the year closed
bolore the harv,et WINS reapcd and that no
| warning Appearances had threatened u de-
| ncicnt crop.
The truth IL. Canada is suffering from tho
effects of initiation. Various loans have. from
time " time. boon effected in England. of late
| years, with which to carry on public works
| framed on a colossal scale for population OF
only about four millions. The proceeds OF
these loans arc placed in Canadian banks. till
thr money IN required. As the banks pay IN
tercst on the dcIosi 4 they reloan for purposes
OF commerce money That was borrowed i9r Tao
Investment in permanent public works nhusr
the operation " this false system the bank err
culation doubled. tho voiume OF commerce
nearly doubled in about three years, and every
idiot rcjOscd over the amnzing ana unprccn-
denied prosperity, as the imitation was called
Merchnnts stocks becamc ovcrwcightad, ana re-,
mainrd on the shelves alike ot Wholesale ana
retail dealers; credit was expanded IN every
form. and finally the collapse came IN the shape
OF bankruptcy accompanied by n reduced vol
une Of trade moro suitable tu the wants OF mo
country. A dininutlnn ~ revenue followed US
n matter of course. The evil practice OF drpos-
itng IN banks. where u Is liapie 10 ~ rnloih.u'
money borrowed for the purpose oil bong en-
pyei IN pnD Of w c2n, s, favor r%%
, itSm toward certain banks when Always uc-
, company such state OF tnn-s. T., ...... -,
: When the Minister OF Finance. in course of
his BUDGET speech cnme to the question Of why's
> anil means he hHd not much IL propose IN the
way Of CHANG and that niue was IN rrpp9s 'ton
: | growing feeling in tayoroi encouraging domcs-
L / tic manuiaitur,s, 10y 80 arranging the tarlN ns
, t. make The heavier dutes fail upon su III art
/, cIrs aS can I've manufactured IA Inc country. 10
! | this feeling the Dominion Board of Trade re-
: Gently gave expression but II ~ one with which
= the Government has no sympathy and winch II
. the expenditure on the Pacific halfway. up 10
, tins time has been s6OOOUO large part OF u
Tor surveys. which are not nearly completed.
. ! The line e. which preference has been gwen
:, ,ntrrs the Rocky Mountains on the east side, ms
lgh as SO north latitude. Here The amount OF
~ further south. Being very dry, u huik- up -
about the same height; but on melting Il makes
Guy about one-third the quantity oi WIT i.
,. SIN tus d'iir VII pr soht great iilli'utl,s IA
winter. " which the summer -urfoN~ give no
idea. Al some points of this dem twenty feet 81
, snow viii be found. and ulaan 'hcs o"as .on'Illy
= sweep duwu from the heights AluN. Whl'h
', Muuut crush a tram mo SilinN'i~s .lu. 'f'l-
" -iru't!on Of this road across the Rocky Noun
% tlins and in British Columbia viii b. ynor-
, moarly costly and there are prudent people. ~
= the Atlantic Slpp" who oDl.ctto proceeding M,tl
y The work any n-u'r than the progress IF settle
II ment west OF Rcd river requires l. But the Brit
- ofiR, raiiway to the IA IN a condition u en-
r t'ring the Conie.lrrtvn are cnmotous u
r thnir pound oi flesh. Ihey complain OF nao
:. initn ON the part Of Canada. IN mt having ,"in
70 men '"d ~" "a tunl consiru Ton at noih ads ~
the stipulated time. inrl CurnarNun tol"nih
nj Sri, t'try flul, as mediator PROBES plan o
- settlement, which subsequent surveys arr h,l'
L cnniors and discomfort Of tn" British Coum
l. bians Increased. his Lordshp recently iopne
:. himself under the necessity OF sending a cable
10 gram begging that no acton might be taken IN
ID the matter TIL a letter was received from MN
ia The surveys have consumed some years. and 1
- il even now impossible ~ say when theI VIII bt
10 The changes in the tariff. being confined to AT
n in 'r.asH in the duties on tea and mat. linen hht
r cotton tAra and cnn.-.ns tubini rom Y
II Not on the external truie. tn" customs duty
90 20 rool oil is reduced and the excise duty u
s. Th"trni.l intiou- ~ Me Dominion are overl
e- yrar bong drawn loser to the Cnitd StHi"-
=. will. a. ~, t,itn lu-..nd arc dunn lsilng II
Il. ported from Tie United ST.. g. IN" yulue o
~ sit.OOo.oo0. AMI fron England only sionmoOo
J. aud ot exports NJ mt over sl2WN'W9 II
re- l,I H. iou.,cr mo linn is73 our trade Nil
T. England was greater tnan with the great re-
=. lluh. Al any SPECIAL HiIdhst lnrh 'v'iu "
u inai" for IA .litailns n ~" a. - tM'.n lho tw
e. iirH 81 the extent 80 which their commerce Will
ys one another might 4e carried; ,,
~. A measure Will he intr"lue1i. during N
g, present session of tho Dominion Parliament 70
Us 'Ntrndius the jurisdiction of the Vice Adml
be- N"skct.H of the s.1po II tie measure ms y,
he b. "a made public II the jurisdiction b" com
~. / lleto It will cover an iniinity Of questions.
ol pr sent vessel can gvt int" denl ON your q
~ | and come hero ant -tt Ter rr" iiinfs III d'n
y. anre Last year a vessel viii h. for this reason
-, could not 10 back to tho American sidr' wa
~ soiu ~ tni- port and sent 70 EUROPE, WAri' "a
~ national character. SalN ar" anu insurance WI
~ ir perhaps Two Of the most practical matters III
~, vol cd in ihr chhn-. -..,,. a.
~ pislploIutmout has been Expressed IN M
"a Dom. mon c-in'urn since the -f-s~ ION Op'n,
ne thad your Government has delnyed to taxi ia
,- necessary steps Tor CONT cling tue npppinlii'.i
b, uf III. arb traitors who are 10 determine tll
''d amount. If any. coming 10 Canada under Nh
- f,hrry article e. the Washington treaty; Their
its j. an opinion though ! have not heard it pul
uriginnilvt to tho Pros id.ntinl election and II
be- correct tn time ut IN deciding who va
elected may have pro- }nged the DELAY. but
Ia entirely in the dark as to tho cnuscs that ha,
deferred the appointment ot the arnl,raiors.
,ar Onl.M informant IN has been ld before u
'"i Canadian Parliament. WI. h confirms the n
ats mors in circulation last summer. that the : ON
r. sent n message to the Rncfcct above tho I'm
"n the latter to loin IN the war against the Gre
DAT Indians and the American ioy,rnmcnt, WI
.s Offer OF mules and horses said 10 have be-
- captured from the imorrTn5. and WINE wgm'
lp- who had fallen into ir hHuls I'm" Sou
" also mi ted TINT i'm, Bu.kf.ot would Join The
in th'y wuuli, ut'i tilF htd AiN an me Whii'
nst "ii iho rhi,.t 'n W. -lc. Thn nhekf"t ST.
Or. back word TINT tney cpuit mot smoke the tuha,,
sent them on these terms: that they were Il
'.' friends IF th' whites. uud w"nli not ~
U against them. Tine mrssage created some nj
tn .usln IS among IL" Bln'Net,. an, ihry we
~. toll. in answer tO huNlri =. that II the Sioi
's'- crossed the line ana u'tr .krd Them. the Cam
er' diam moqnt"d poliec would ~ II mex ass
ria suus OF the Bnchlri, Wi!D 80 rhle stat a lhi