St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-11-01
TYLER'S RETROSPECT.
Lively Meeting of Grand Trunk
Shareholders.

Shareholders.
MONTREAL, Oct. 31.-The Stars Lon
don correspondent sends that paper the
following cablegram: A meeting of the
shareholders of the Grand Trunk rail-
road was crowded, but fairly harmoni-
Gus. Sir Henry Tyler was in the
chair. The president in his speech de-
plored the bad results of very miser-
able half year. Low rates. he said,
were the real cause. He expressed re-
greet because the Washington reciprocity
negotiations had not been renewed on
Oct. II, but said he hoped they would
be renewed shortly. AS to the plac-
ing OF coal Oh the free list, he
set forth that the company would
save e1O0,0GO yearly thereby. The duty,
he claimed, only benefited lone little
! corner of Canada" namely, Nova SEQ
tia. He said: The company has taken
every means 10 prepare for enormous
ing. 1t has fifty more engines
year. The St. Clair tunnel has
promised well thus far. Future pros
poets are bright. The past year was.
| one of unmitigated gloom for Canada
and the company. There was great
commercial and political disturbance,
and politicians, not content with fight
ing each other, wanted to fight the COM
pany, but that all passed away. What
ever betide in the future. the directors
have done all they could do to take adj
vantage of the improved general posi-
ton of the country
Sir Henry concluded by moving the
adoption of the report, which another
director seconded. The discussion was
opened by Mr.. Baker, who led the op-
position to the board at the last meet
| ing. He asked why Sir Henry TYLER
said nothing about the Canadian Pacific
Low rates were running the Grand
Trunk, and the only remedy, he held,
was an arrangement with the Canadian
Pacific. Now that the Canadian Pacific
guarantee dividend is expiring. that
company, he held, must also feel the
necessity of friendly relations. The di-
rectOrs should approach the rival COM
| pany, and thus secure good dividends
| for both companies. Amid loud cheers.
Mr.. Baker proceeded to attack Sir
| Charles Upper for his article on i'm
| perial federation In the Nineteenth
! Century, concerning the past attitude of
| the government toward the Grand
| Trunk. The high commissioners duty.
so Mr.. Baker held, should be to leave
| such subjects alone and to apply him.
self to the work of assisting the rail-
| ways to earn dividends, and thus re-
| store CaDada'S credit among English in
vestors. Mr.. Baker stated that those who
| opposed the board at the last meeting
had decided not to renew their hostil-
ity, seeing that the board was meeting
their views. Several other speakers
strongly urged that the Canadian Pa
cliic be approached for the purpose of
securing friendly relations and higher
rates. The speeches of these gentle
men were much cheered. Sir Henry
Tyler, replying, said that he pur-
| pOSely omitted to refer to the Canadian
Pacific in order to avoid the appearance
of any iil-feeling. He had himself dis
euSsed the situation with Lord Mount
Stephen and MIR. Van Horne, and they
were on the most friendly terms per-
sOnally. All agreed that the two COM
| panies should maintain rates, and the
officials of the company had been in
structed to do all that was possible for
! the mutual prosperity of both COM
panies. american and water compe-
tition." continued Sir Henry, must,
however, still be met, but l hope that
the cutting of rates will be avoided"