St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-04-20
BOOMING HUDSON'S BAY.
Early Construction of the First Hundred
Miles of Railroad.
English and SoOtcn Capitalists Take Hold
of the Scheme.
Rapid Transit to Chicago Over the
&c, NJ. 81 st. p.
A Big scheme.


Special to the Globe.
OTTAWA. Ont, April IA cablegram
has just been received from Mr.. Hugh
Sutherland, NJ. p, president of the Win
nipeg Il Hudson's Bay Railway company,
and forwarded to Mr.. Joseph Mulholland,
a mining director of the company
from London. where Mr.. Sutherland
has been for about one month
endeavoring to float the HudsOn's Bay
scheme. stating that he has completed ar
Engagements whereby the contract entered
into between his company and Messrs. Ross
and McLennan, for the construction of the
first 100 miles of the road this year will be
carried out, and that work will be COM
menced early i'll April, grading the road
from Winnipeg.
1.-THE line from Winnipeg" says the cable
gram, twill not utilize Lake Winnipeg a
water stretch, but VIII pass overland between
Lakes Winnipeg and Manitoba, crossing the
Saskatchewan ut the Grand rapids and run
ming nor;hward some distance west of the
western shore of James Bay TO the western
shore of Hudsons bay"
Further investigation is to be made as to
the relative advantages of Nelson and
Churchill harbors, by English engineers,
before the former is finally settled upon.
The franchise and land grant of the com
pany virtually passes into the hands of
English and Scotch capitalists, and spe-
cial meeting of the shareholders is to be
called so as to accept the resignation of
some Of the old directors and elect new
ones to represent the new stockholders, to
take their places. The reOrganized COM
pany will include one of the strongest
Scotch
HOLDERS OF STOCK
oR H.
thoroughly cOnversant with the possibilities
of the navigation of Hudson's bay and
strait. This gives rise to the fear or belief
that the franchise has been purchased by
the HudsOn's Bay company, in order to
prevent the construction of the road, which
if opened up, would greatly diminish their
fur trade. On the other hand, the oldest
officers of that company, which has been
navigating the northern waters for more
than 100 years have an intelligent
faith in the commercial value of the route,
and have recently shown desire to control
1t, should it be opened for regular traffic.
so as to retain a monopoly of their rapidly
increasing pOrpOise, walruS and seal oil
business, in connection with which they
have already established three immense re-
fineries on the shores of the bay and strait.
1t is fOreshadowed in Mr.. Sutherland's
message that certain exclusive rights
in HudsOn's strait are to be asked of parlia-
ment, with view TO the organization of
steamship company to place line of vessels
suitably constructed for these waters,
to run between Hudson's bay and
Liverpool. 1t is well known that
if the Hudson Bay company can secure the
exclusive control of the oil and other val
liable fisheries of Hudson's strait for half
century, its members would be willing to
pay handsomely for the concession. and
Mr.. Sutherland's pronunciamentO looks
very much as if he had been taking the last
advantage of this opportunity. 1t is I'M
derstOOd that Mr.. Sutherland's announce
ments are only preliminary and that the
future of them depends upon concessions
yet 10 be asked of the Canadian parliament.