The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-09-02
THE CANADA WESTERN ROAD.

Ono OF tho Promoters on tho Route
The Financial Problem.
In speech at banquet given at Victo-
ria last Thursday to the promoters of the
Canada Western railway Frank Brakeman,
one OF them, said:
1t was said now that two-thirds of the trans
continental carrying trade from the Orient and
Australia was handled by the enc Canadian
route and that its western and mountain divi-
sions, which at one time no one thought would
pay even running expenses were aow crowded
with traffic. Ii this were the case then another
transcontinental line would pay. This second
line across the Dominion would have for its OBJ.
ject the development of the country it traversed,
which was now practically unknown and un.
used, because of the high freight rates. 1t cost.
ing something like 500 per ton. "a he was in-
formed, to get supplies into the rich but unde-
veloped interior. He would make no secret Of
the fact that the present proposition was to use
ferry across the narrows between the island
and the mainland, and then after hndiDg a way
through the mountains, strike the fertile
valleys and plains of Chilcotin, where the graz.
ing lands alone were worth millions OF dollars.
This, too, would give access to Carboo. He
hoped by the LIST of November. possibly by the
18th of October, to have comp letet1 the organi-
cation of the British Pacific Construction COM
pany, with a capital of $5,0 900. of which sum
there would be $40 900 Immediately available
for construction purposes. The section of road
built with this money would place the company
i'll possession OF a very valuable asset in the
way OF lands granted by the provincial govern.
ment, which lands could be bonaed without
any dif'iculty--and he could say positively that
he knew now where these bonds could be
placed on the market-and at what per cent
AS an evidence of ''good faith" in this respect,
he would say that he had already Involved him
self to the extent of about $4,000. iH connection
with the enterprise, and those who knew him
thing Of this kind unless he saw dag light ahead.
One gentleman, who was associated with the
projectors i'll this enterprise, he wosild refer TO-
This was MI Lyman E. Cooley, OF Chicago, one of
the most eminent engineers in the United
States He Uhe speaker) had no doubt that
when this whole scheme of building the second
Canadian transcontinental railway was placed
before Mr.. Cooley that gentlemen would in
dorse it and with his Endorsement would come
whatever capital would be required He hoped
that by March OF next year the construction
company would he able to begin actual work
That Chinese would be employed 10 would not
presume for a moment TO deny, for II had been
the history OF every transconiineutal railway
that there was certain work whic.. could only
be done with Monaghan labor. Bat he would
again emphatically declare what he had already
said-all white men who wanted work at going
wages would get it. Besides this, i. was hoped
that a colonization scheme could hs very sue
cessfully carried out, with Dominion and i'm
perial aid, whereby settlers with their families
could be located on government land along the
line OF railway. the railway compsny guaran-
teeing the able-boiied men among them four or
FIVE years steady employment, other conditions
being equal