New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-02-22
RAILWAY INTERESTS.
THE CANADIAN PACIFIC RAILROAD
VIEWS or A PARTY on cANADiANs-rHr ri,
oFFERs FOR BUILDING THE RoAD.

THE CANADIAN PACIFIC RAILROAD,
VIEWS OF A PARTY on cANADiANs-rHr rrs
oFFERs FOR BUILDING the soAD.
DR.. John Schultz, member Of the Domiuioa
House OF Commons. p g. Brown, David Young " >
Bown, Hugh Switzerland ard W. Murdoch from WInnf
peg, Manitoba, were at tie GRAND Central Hotel lns
this city. last week. They are travelling together ,o
business but they are by nOpeaBs Of same political
views Dr. Schultz is supporter OF the present Con-
sentative Government When asked By TRIBUNE re
porter about the Canadian Governments railcoaes he
said ,iaal
The IntercoloDal Railway running from Rlysur Du
Loup 10 Halifax, built BY the dominion Governments
TO fulfil OF the conditions under which the Provinces
OF Nova Scotia and NeW-BrEnsWick came into the Con
federation. In 1871 British Columbia. then Crown
Colony consented to form part Of the confedorated
Provinces one Of the special conditions being that the
Dominion Government should commence in three ana
finish in ten years unbroken line OF railway between
the Atlantic and Pacific, properly between tho
western end OF existing Canadian railways ana the
western seacoast. The Conservative party va AZ thar
time in power. II proceeded TO carry reeroent
with British Columbia by the giving of charter TO Sir
Hugh Allan OF Montreal and some American capitalists
for the entire ne promising subsidy Of $30,0000O0
and fifty millions OF land. But just before ne
Government to pass the charter in 1872 the La
erals public facts showing that trickery betn
necessary to control Of the work This exposure
80 startled the people that the Conservatives were
IOrce0 resign catoe iuto ohhcc, anu
five years undertook construction OF The road
Government work. building portion Of TIT farwestern
section The change in the political eompiexion OF the
Government, two years ago, again restored the Con
servatyes TO power They control Parliament,
are about to proceed with the work. bl confirming
agreement made last summer with syndicate having
passed the House few days This bin Is under
consideration by the Senate, where 1t viii undoubtedly
be passed soon because we have large working nsjor
ity in that house"
"Who compose the syndicatef
"The syndicate n made up of George stephen and
Duncan Mcintyre, of Montreal; John s. Kennedy, Of
New York; Richard B. Angus and James ]. Hil, OF St
PAU, Mimi. Morton Rose & Co., of London, Englandi
and KOhn, Reinseh Co., Of Paris, France
"What are the principal features OF the aRreementT
"The agreement or bill which is being considered by
the Senate grants subsidy Of 600 In cash and
a land grant OF 25,0O0,0O0 acres For tins the synd
cate agrees to complete the road before May 1891
distance Of about 1000 miles, The land grant Is made
in alternate sections OF $40 each extending back
twentyfour miles on each side OF the railroad. An i'm
portan pr0visO is made in this grant, the company hay
ing the power any section that may ne unit
for settlement making the required number OF acres
by selecting tracts in what Is known as the fertile belt
an area Of 10OOO0O 900 lying the City OF
Winnipeg and the Rocky Mountains Should the Indians
possess title TO any portion Of the land, the Govern
ment ia to exngush their right Upon this land grant
the company is 10 the power TO issue %2oOOOOO0
in bonds, at the rate OF 81 an acre Ine thu e
Pacific Railroad II In 1873 is named az stanoad
construction All materials USED ~ Tue syn9tss aTe
10 admitted 10 Canada free OF dnty ana al US prop
erty Is 10 forever exempt from taxation Such are
some OF the most important provisions Of the Dill"
" what is your opinion OF the bargain hade py tue
syndicateT o,,.,,o .,o oron,,,v q, land ana money
given TO be TOO much, because while portion OF tue
road through prairie country wnere no AID from inc
Government either in money or lands was necessary
another portion Is through a rocky, difficult country
where the expense OF construction VIII DC enormous ana
the traffic return little, that the pTOns OF tue
promoters will problematca At best Il must 20
called very risky Investment Il Is true that tne pIa,
RE portion Will yield large traffic returns az once ana
could have been built as speculation pron5b WllaQus
Goyernmen aid az a yet aee nsaSe orS
and only The discovery OF extensive mineral deposits
wa here NOT another ana better offer bil pre-
sented for the consideration OF Parliament .,.,..
DR.. Schultz smiled and hesitated M Brown nOtclhg
his friends embarrassment answered; -. ,..,.
DIR Schultz does not like to reply TO that quesuQa
Von Now YOU know am a Liberal Our party did
present an offer from another Syndicate which we OF
t6e same road fer $3OOOOOO less aud
1000 900 acres land less than the other syndeate
taxes upon the property which In the other bill was
exempt. We think the syndlcate snoaI3 rot nav ~
the power construct branch lines 10 any par "a
Dominion while other companies are restrlclen agdh
approaching within fifteen miles Of the American
boundary Such restrictions should be placed upon me
syndicate to avoid any dancer OF oss
made with American lines at points in the West thus
During The conversation with the gentleman, the re-
who landed in Canada had settled ~ the Northwest The
reason given for this that the country wa, hn,
known bat ii claimed that soOn as it was opened
mn nv the railroad. settlers would undoubtedly
take IN lands because II was the finest district
on the Continent for extensive wheat nslds; Tue
settlers already there were said 20 be thrifty, wetodo
Fngshmen who had arrived in the country with from
81 900 to $4,000. Last summer they brought mo me
CIV OF Winnipeg over half million bushels OF wheat
This was considered an enormous quantity because OF
fine primitive way in which rhey tarmed, ana the
fact that the wheat was hauled In carts from
100 10 $50 miles. The gentlemen all Thought that the
blding OF The road must necessarily be OF very great
interest TO the people Of the United states because hen
N was In running order 70 would drain the ireght from
the Northwest aud the Lake Superior mines, tue huA
OF which tonnage now reaches the seahoard at Amer
can ports.