The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1885-07-11
THIS EVENINGS D0lNGS.
Yosemite Skating Rink z.
Central Park Skating Rink, z.
THE CANADIAN PACIFIC RAILWAY.


AS this great ns-continental
highway approaches completion, it is
attracting much attention from the
American press. When the road is
completed its assets will exceed its
liabilities by S1l0,000,0oo, placing
the value of the land owned by the
company at two dollars per acre.
The fixed annual charge on the line
when in operation throughout will
be S3,000,O00. Last year the net
earnings amounted to 81, 191, 900,
and the first four months of this
year showed an increase over the
same period of last year by S922,-
104. 1t is expected there will be
net profit this year of So, 900,
and in the year following the COM
pletion of the line gross traffic of
S12, 100000 is expected and a net
revenue of 50, 100000, more than
100000 over all fixed charges.
There can be only one opinion as to
the vast Importance of this railway
TO the Dominion of Canada, and
even to the commerce of the world.
AS q route for military transporta-
ton it is already anticipated by the
British public as bound to be of in
calculable service to the Empire.
In this light it may be viewed as an
additional bond of Imperial connee-
ton. The Home Government would
make some sacrifices before letting
the greatest colony split off and take
with it such a grand avenue of COM
munication between East and West on
British territory. Even the increased
pecuniary interest held in Canada by
the Mother Country from the road be-
ing chiefly built by British capital,
will form no slight element in the
further consolidation of the Empire,
now live question at home and in
all the colonies. Moreover, the
opening up of new, comfortable and
speedy route of travel, teeming with
the beauties, novelties and SUBJ
limities of nature, from the western
coast of the British Isles to the
western coast of America, will be
the undoubted means of introducing
the Dominion to the attention of
many thousands of the home public,
who would otherwise have no more
definite notions of the country than
they have of Alaska or Labrador.
The settlement of the vast agricul-
tural domains of Canada must re-
ceive prodigious impetus from the
operation of the railway from ocean
to ocean. Although its building has
been, and will for good while con.
tinuc to be, severe drain upon the
resources of the Dominion, the ad,
vantages of such a thoroughfare
must increase while the burden de-
creases from year to year. A fea
turc of interest to this Kingdom, a'
well as to eastern Asiatic ports ant
the Australian colonies, exists in th,
anticipations of maritime ventures
to be made by the Canadian Pacific
Railway Company. 1t has been an
nounced positively that lines o
steamers are to be established, will
the earliest possible despatch, be
tween the Pacific terminus in British
Columbia and Japan and the Austria
liam colonies. There can be NJ
doubt that, with certain amount o
encouragement from this country
Honolulu would be a station in tn
latter route. If very comprehen
sivc reciprocity treaty with our fur
ther northeastern neighbors is no
compatible with the present relation
of Hawaii with the United States
there are doubtless some Cana
dian products, such as coal, TO
which island productions might b
bartered to mutual advantage, with
out subtracting a unit from tn