, 1883-11-15
Weekly Argus.
Canadian PACIFIC Railroad.


The report that all work ON the
Canadian Pacific has been suspended
for two years seems not correct. and
1t is believed that The runlor was 81
atloat to deprcciat" the stock. and
it would seem that the directors
themselves are MIXED mp IN the mat
ter. In the first place We copy from
the Victoria Standard of the 7th the
following dispatch:
NEw WE~rMIHrTEE, Nov 6. Re
ierring 10 IL" reported stoppagc Of
al railway work III the province. Mr
OndcrdUuk states that tho only work
u be discontinued l. that above
Lytton. All other work viii be- push
Cd vigorously all winter
1t appears that there Is Il rivalry
between the Canadian Pacific and
the Grand Trunk Line. which may
explain the cause and reason Of the
rumUr:
81. PAU. Oct. pa Toronto
special says: The powerful rivalry
that the alliance OF the Northern
Pacific railway viii offer to Il certain
railway IN Canada, Is becoming ap-
parent 10 those Interested here. \
prominent Canadian Pacific railway
official says that the Northern Pacific
IL to form ali alliance with the Grand
Trunk. which has an independent
line to Chicago. The official IN qucs
ton further stated that he had no
doubt the rivalry would be carried
night into Ontario, and to the utter
most mile OF the Canadian Pacific,
the latter line having. by its peculiar
charter, managed to keep the Grand
Trunk out of the northwest Of Cana
aR The Grand Trunk has already
made arrangements with the North
sfn Pacific which will hurt the in
forests OF the Canadian Pacific. The
Northern Pacific, in conjunction with
tho Grand Trunk, is looking TO the
New York and West Shore for Il
Now York outlet, and 1t is more than
possible that the Air Line division
Of the old Great Western, now Il
comparatively useless section of the
Grand Trunk, will be utilized by the
West Shore, Delaware and Lakawan-
ma to reach Detroit, and make con-
nection with the Northern Pacific
steamers for Duluth. The Grand
Trunk is talking of building line to
Duluth, to facilitate the dispatch of
business with the Northern Pacific,
and also with view of getting into
the Canadian northwest, in time, by
that route They claim that the
charter of the Canadian Pacific Will
be altered in time, and the mon
opoly of the northwest, which they
now enjoy, will he broken. With
the increasing settlement of the coun
try there Will be ample business for
two lines in the northwest.
Now as to showing how far the
Directors themselves have been mixed
up in this wild and unfounded rumor.
The following speaks for itself:
Chicago, Nov. 2-The Canadian
Pacific railroad directors have scoop
ed in million dollars by buying the
company's stock on margin, pre-
Vious to the announcement that the
government had guaranteed them a
8 per cent. dividend on the capital
stock. The Government at Cabi-
net meeting at Ottawa yesterday def
nitely agreed to accept the company's
proposition to loan the Government
81, 100000 at per cent. which will
bs utilized III the resumption of the
natural debt, ON condition that they
guarantee per cent. dividend for
ten years. Five hundred thousand
dollars will be deposited at onca, and
approved security will be given for
the remainder.
Again, to support the statement
that all work would be suspended on
the Canadian road. 1t was asserted
that ono cause for such suspension
is that engineers had come to 4 dead
lock; and at Kicking Pass" they had
found an unexpected and unsur-
mountable obstacle. With regard to
tkis canard:
The Winnipeg Free Press of Octo
Der 25th says: Major Camp, of Min
neapOlis, who has hitherto furnished
the \. 4. &. with timber from that
Plaee, will now open timber limit
in the Rockies and supply the com
pany more directly next summer As
yet it is undecided whether to take
The Kicking Horse or the Howse Pass
through the Rockies. These passes
are west of the Summit. Log huts
will bs built on the divisions ten
miles) west of the Summit, and the
engineer will be out all winter, TAX
Ing four or five months TO do divis-
ion. The steepest grade on this side
of the Summit IS 100 feet per mile,
but it seldom exceeds 40 feet.
In all the foregoing extract, from
tie New Westminster statement OF
Mr.. Onderdonk, to what the Winni
peg Free Press says about Kicking
Pass, there is not one word said about
york on the Canadian Pacific being
stopped for two years. Mr.. Onder-
donk expressly says that it Will not be
discontinued, and those of our citi
zens who may have felt uneasy that
such suspension of work would throw
thousands out of employment and
food this country with Chine e. will
see that they have but little ground
for apprehension So far "a the Cana
dian Pacific is concern ii.
Astoria, Oregon.
x. 7. SEg IHey ia y. y. NOTiErsSfl