Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-12-16
under construction Say about six hundred

under construction. Say about six hundred
and fifty lnilas.
HAlso from Winnipeg to Lake Kamloops, in
the ROCKY Mountains, where kthe1 Onderdonk
hundred and fifty miles, the two sections be.
ing altogether about two thousand miles
long, all of which iis'to. be completed in1 ten
years from the 1st of May next. -fsss~
They are to commence both sections next
year, the first on the first of July, andithe Sec
ond on the first of May next.
The standard is to be that of the Union; Pa
citic railroad as constructed Ssas sssa tsss
= They are to equip the running sections of
the railway, and to own the entire railway for
ever.
As security for the const, uction and equip
ment they are to pay into the hands of the
government at once, the sum of 81, ,000, 600;
the contractors are to pay up S1,5OO,OO0 more
between now and the 1st of May next; and
50, SOC, 600 more between then and the end of
1882; the cash contribution of the contracto
being thus S., 100000 within two years from
the expected ratification of the contract, of
which sum 81 ,000,0O0is deposited with the
government
As security for the operation OF the road Tor
ten years after its completion, five million
acres of the land grant remains in the hands OF
the government; or if bonds to the extent of
one dollar per acre specially secured on the
lands, are issued, the government receives for
the same purpose five million dollars In those
bonds
This, therefore, is the substance of the
compnay's undertaking. To build and equip
miles more constructed by the government,
and to operate the whole 2,700 miles in per-
petuity. It gives direct security of 81 10000
In advance in cash, and leaves in the hands of
the government 100000 acres, or $4,000, 900.
And as indirect security its shareholders pay
up S500C0 in cash at once, 81 100000 in three
months and S2,500000 more within eighteen
months after that.
It receives from the government S25 ,000, 900
and 25, ,000, 900 acres of land, which are paid to
it as the work proceeds; on a scale purporting
to be graduated, in some proportion to the
comparative difficulty of the several sections
of the work. II also receives the Thunder Bay
Branch when completed, but without rolling
stock; the Pembina Branch and the portion be-
tween Kamloops and Port Noodle
The rails, etc, required in construction arc
freed from duty, and the railway from taxation
in so far as it passes through the Northwest
territories, and the lands granted in the terri.
tories are exempted from taxation, while they
remain unsold, but with limit in any case of
twenty years.
These arc the relative understandings of the
government and the company, but there are
some details which are of almost equal i'm
portance. The mode of selection of the
lands is one of these, and that is
provided for by the company receiving each
alternate section of $40 acres along the line;
the government retaining the other sections,
except Of course, the allotment of one sec
ton in each township for educational pur
poses, and one for the Hudson Bay company
This, however, win probably not give the com
pany more than half the quantity granted; and
the remainder is to be received in like alternate
sections along the line of branch railways,
laid out through the Territory or along
base lines TO be agreed upon. There is also
provision for grants of blocks of land as one
of the means of supplcmcnting the quantity,
such blocks TO be agreed upon between the
government and the company.
Another important condition is that lines
by other companies on hc.south side of the
railway are to run to the southwestward only
and are not 10 approach the frontier nearer
than fifteen miles, in accordance with the pol
icy stated in the railway committee last ses-
Giou.
1t requires an act Of parliament to rati-
fly the above contract and also to grant
the new company special charter, and it
is this proposed legislation which is pro-
vollipg the current debate at Ottawa.