The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-03-27
THE MONEY SECURED.
Building of Canada Western to
Begin This Year.
GREAT IMMIGRATION COMING.
The Chief Protector Details the Plans
Of the Road-white Men to Be
Employed-The Route.

The financial arrangements for the con-
struction of the Canada Western railroad
have been completed, with the exception
OF the securing of guarantees of interest
from the British Columbia legislature.
of which there is no doubt, and
actual construction will begin this
summer. Frank Brakeman, the prin.
cipal protector of the road, has re-
Gently returned from the East, where he
has been doing the financing Of the road,
and is now at the Rainier In an inter-
view with q observation-disclosures reporter
yesterday he outlined the plans of the
company, and said:
have secured $5,0oO,o00 cash through q cor.
poration organized in London to fuance the
deal, and the very strongest financial group in
London is behind 1t. This company is to
finance $40 0O0.O0O, 600 in cash and 81, 0OO
OOO In bonds secured by the road and lands
We also have strong syndicates In Paris, Berlin,
Frankfort and Amsterdam behind US, but the
London syndicate agreed to furnish all the
funds, so that we did not need to call on them.
We expect to get certain guarantees OF interest
on the bonds from the British Columbia legisla-
ture at the present session, and after we get
them We shall go ahead with construction. Be-
fore July we shall begin the construction nee.
essary to hold our charter.
We already have twenty-fou miles located
ready for construction north of Wellington, and
have three parties making exp oratiOns for the
rest of the line on Vancouver island. We shall
probably start a few parties on the mainland
this spring. 1t is not at all certain at what
point on the mainland we shall make connec-
ton nor what pass in the Cascades we shall go
through, for We have three passes under con-
sideration. We expected to cross the mountains
at the head of Butte inlet. but other passes are
mr. taiA pofin Va hall
begin to build to the head of Vancouver island
at Seymour narrows and on the Cascade divi-
sion simultaneously, Is our purpose 10 to com.
pete these sections of the line fast as
in order to get into the Cariboo region. The
line from the coast through the Cascade mount
aims will involve very heavy construction, and
will probably take two years to complete, a.
only a limited number of men can work at any
one time.
We sail not bridge Seymour narrows for some
years We can get across them with cantilever
bridge 700 feet long, but this would necesstate
building the bridge across two or three small
islands and three or four smaller bridges, which
would be very heavy work. and cost altogether
about 100000. Eventually the traffic will
demand better facilities than we propose at
present, and then We may undertake this work.
We are considering the subject of Eastern
connections. but may possibly make ours an
ent rely independent line; that would neces-
sarily be done when the development of the
Northwest territories demands it.
In order 20 give excursionists to Alaska a
change from the monotony of steamer travelling
and an opportunity to see the scenery from the
land, We shall run the road to the head of the
island. They will then be able to come into
Victoria in four hours by rail and obtain a
pleasant relief after q weeks trip ON the
steamer.
The Cascade division of the line will open up
tha pntj Volta hos
acres OF fine agricultural land. 1t will also
open the way to the Cariboo mines. the develop
ment OF which has been held back by the lack of
cheap transportation. Freight has now to be
carried in by wagons at a cost of 500 a ton for
several hundred miles and 1t is impossible to
take In heavy mining machinery. In conse-
Quence only placer mining Is going On and
there 10 no hydraulic mining at that We
are now considering plans for opening up the
country along the line. There will be no diff
Guilty about developing the mines when the
road 10 built, but the future of British Column
bia will depend on agriculture aud stock rails
ing think when We have opened the way
very large immigration will be secured. There
Is a scheme for the coloniSlng OF Scotch crofters
on the north end OF Vancouver island, with the
aid of the British Columbia and imperial gov
ernments, which has a good prospect of going
through. 1t provides not only for the develop
ment of the land but for that OF the deep sea
fisheries, herring, halibut. haddock and cod Of
ali kinds.
We do not intend to employ Chinese in the
construction OF the road unless it be very few
On the contrary We shsll offer inducements in
the way of permanent employment on con-
struction and of sales of land on easy terms. 30
that, when the line is completed there will be a
few traffic producers along it already. When
the Central Pacific was finished there was not a
white man along the line, because the China
had i,,i
had all moved of and lett the country practi-
cally uuinhabited, while in the case OF the Great
Northern great many of the people who have
been brought in during the construction have
located along the line.
Victoria will be the headquarters for the
operation of the road. but the financial head
quarters will probably be in London.