The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-11-17
The Canad dian Pnclnc.

To THE EDITOR OF THE Suy-S,: The
editorial in THE SUN OF this date entitled "One
Result OF Fostering the Canadian Pacific"
raises most important question for the de-
cision OF the American public.
Tho Canadian Pacific Hallway Company Is
the most arrogant and agHressively anti Amer
lean corporation upon this continent 1t con-
tinues to exist by nreyinG upon tho railway
traffic OF this country which it is allowed to
secure under the bonding system. The chief
part OF its earnings belongs to our own lines.
IL the bonding system is abolished. as it
should be. root and branch. in Justice to our
own railways. tho Canadian Pacific bubble
would collapse. Deprived O! the American
traffic which it now receives under the bond
in. system 1t would not earn operating ex-
pcnses. 1t has practically governed Canada
since 1t secured its charter from the Canadian
Parliament But for its financial support in
the last general election in Canada the nnti-
American party would havo been left in a
helpless minority.
The Canadian Pacific, the American people
should clearly understand. is an imperial mil
| itary railway. and will be used as such In any
contest wo may have with Great Britain
When we permit 1t TO fatten upon our trade we
are simply creating and strengthening power
that may be used TO great advantage against
an enemyto our commercial development. I'm:
| der It's charter no railway can be constructed
! south OF its main line in the Canadian North
| west within fifteen miles of the American
| boundary. 1t was intended By this condition
n Its charter to give IT a com pete monopoly Of
| Canadian traffic west Of Lake Superior. and
| yet it Is allowed to tap American traffic at San
francisco. PORTLAND and all points on the Pa
Milwaukee. Detroit. Buffalo. and all points on
the axes. Ogdensb burg. and ut all POINTS In
northern New York and New England: am
| year as n subsidy for maintaining line OF fast
steamers between Canada and Great Britain.
and in addition a transfer of the 1ntercolonial
| Hallway free from all encumbrance. the con-
| The lntercol onial Hallway cost the Govern
| ment OF Canada not less than S5uUOOOOO. 1t
| has never ehrnsG operating expenses under
| Government management without charging
| large sums to capital account which should
| have been charged to expense account. 1t is
| reported that the Canadian Pacific intends to
| bond the lntercolonial. when transferred. for
enough to meet the cost OF the line of ste am
erS proposed to be put on. so that practically
| the Canadian Government pays for the steam
ers and q so IA large subsidy to secure their be-
| ing run for ten years.
Is it just to expect private capital in this
| countryto compete with such an alien cor
poration il 1t is allowed to freely tap American
| traffic at all points?
| fic is largely indebted to tho Bank Of Montreal
| that a prominent tinancier in England was
| lately rendered the general arrangement OF
Of the I canadan Ps"e ailway With the asf bank
was closed. Some years ngo the Government
| OF Canada was compelled to come to the aid OF
tho bank and assist the Canadian Pacific to
| liIuidate its Indebtedness to the bank.
The abolition Of the bonding system will
| disclose the real value OF Canadian Pacific
Hallway stock The sooner it is done the bet.
ter for the people Of Canada and for ourselves
BROOKLYN. Nov, IA.