The sun. [volume] (New York [N.Y.]) 1833-1916, 1894-03-10

struction In fertile section Of 300. 900 square
1850 nilss = The low ss.I%sss d 500 nsr
| mile. SfbO.OO0OOO; grand total, SOFA 0Uul 900.
ss ss essSsD ss::
I ss 4: ~. .! SS.S e. A.: G lSsS ana con-
1.-The read T. political necessity 10
and Great Britain %l'.'''r' necessity 70 CANADA
LIL.It e eommercial necessity to Can.
Canal is closed for any reason.
M-t cennot for very MANY yeers.n ever.
dian trsic b. the sSrosa,io T0S 81 the Sondine
ssyste%i oTing to the barren section from O,.
The Mountains S 81 BftlsS SIC coIemSs 0n through
N.To sell its bonds In Continental mar.
kets II muet show large tonnage. To do so
II must divert American trafflc to it's lines at
VITO divert American. trafic from sstab-
less than cost Of haulaRe In many cases
VLnThat II the bonding system should
be abolished operating expenses must DO paid
yIIL-Thst a. the abolition Of the bonding
sbility would build Il without an opportunity
ix.EBeesuss II was unsafe to attempt to
carry emiarents to the Canadian North west
charge Of agents q the Canadian Govern ment,
as they deserted the train before they reached
It will be clearly seen now why the Canadian
Psci1c Hallway Company is 80 intensely op-
symptom from tsIstion. and practical %onopoiy
over yast region would be abolished, and Il
would be c.oSmpelisd to obey. ss our own rsil.
and sold So, 900 600 OF its common stock. The
drs sp sHtR aOs FL. ' esSsf
~ 900 90 90 VA vas given them AZ 20 cents go
compsny siSSGS0 900. ' Il was allowed 70 use use
more than S7.000V00 Of It's cash subsidy to
es sss Dsr
cost 70 those who held Il, during construction.
shareholders in the road rad the lions share.
their sS5 6oO 900 q rs stock. ' '''' " INV" VI
80 great was the danger OF loss from oper-
srnment did not bind tRs Company s toe to DO $50 90
Mr. Blake. then leader OF the Liberal party.
william woua be AZ an ssr IL ST
W The Indication; now are that the line from
abandoned and a branch built from Winnipee
to Duluth 'Sl s End n tEsc carried to Montreal
II is making plans Tor fas, line of FIRST: class
steamers from Montreal 70 LivsrgooL i Dc.
doubt Il will direct Parliament iormsiiy. TO
grant II and 1t will be done: II vii demand q
s bonds At ths Somns SESSION ISn 81 gohn
THOMPSON expects to appeal to the country at
&c s' sUS % s g
its warfare upon American rosds It's bank
apon this ooaEns1
mater mat, which party i, In power i,s : demands
nection Is maintained Canada must maintain
this gigantic political. com msrcisl. and fnan-
our transco ntin entail lines and force them into
bankruptcy with the aid q the Interstate
the ss soad no.
pay any dividends to It's stoc holders. It's stock
would then 70 to zSTS the bonding systs%
penses. and its bonds not guaranteed by the
Canadian or imperial Governments would be
would be suddenly changed, and Il would fall
upon its knees and smooth the eagles feathers
The Grand Trunk Railway Company not
having any monopoly OF railway building or
having any land grant with exemption from
taxes thereon. and not having any control over
the Government Of the pominien, will not
1t Is not anti-American, far from II Cont
mental union would give It permanent free &C:
assure It's ultimate financial success. / doubt
u any railway mapsssf npSn this con.i1ept
Rsiisag upon 4 good financial basis
no became Premier OF Canada the Canadian
Pacific Railway Company would not control his
power he would soon discover that the I snan.
eial collapse OF the Canadian Pacific would
GRAFTON: that pressure from the imperial
Goyernmens would be used to compel him to
FanP 81 s c 81
the Government and Of the railway. would
press him to protect Cana liam credit By meet
ssoud Rss sIs: 6e pre
was prepared to dem and the Independence OF
Gana,ds a. prelude TO political reunion with
less as Sir John Thorn pso 1 to resist the con.
slant demands nm Of shis gigantic mono2oIy The
union. The Northwest win never be settled |
British crown and the Canadian Pacific Rail- |
way monopoly continues
way TO British commercial and political su. |
Premacy is clearly indicated BY the. fact that |
George stephen. its frat Preside nt. then 6aro.
netcy. and later elevated him TO the peerAge |
fFS SG Spsn Ssgat Donald s% @
ond President; upon Mr. j. J. C. Abbott its
f9Gitog and an sss eTcins SSon NJ sanford
ported that Mr.. Van Horn, It's third President.
will be made Sir William c Van Horn. z. p.
Spon the annMefsarS Oh her haIestTs birth
H The coIlsp ae Of the Canadian PacIse Railway
trsvsgsnt. and Vicious expenditure Of capital
by a corporation which has ever been made
upon this continent with the single exception,
OF the Panama Canal
Why should We continue TO aid Canada and
Great Britain TO destroy our railway corpora
lions or iniurs their credit In the financial ZEN
tres OF the world. American railways employ
American labor and consume American iron.
steel. coal. wood. lumber. oil. and other prod
ucts Canadian roads do not.
The bonding system Is disgrace to Ameri-
ran legislation and common sense. as well as
. gross injustice to those who have Invested
In constructing American railways and open
INC up all the States west Of Lake Michigan.
The cost OF carrying railway freight depends
npon the amount OF II and the regularity OF
the supply.
If one-fourth OF the trnific carried by ths
New York Central In 1892 had been diverted
70 other roads II would not have earned |
operating expenses and interest at 4 psr cent.
anon its bonds The result would have been
bankruptcy, or q sharp advance In Its freight
charges with its ABILITY 10 render Efficient
service to the public lsssensd This Is the po-
,ition In which the bonding system leaves our
great transeontinsntAl lines
The bonding system 10 a policy OF infamy APP
Piled to our railways. which render "a bench
cent service TO humanity and our country.
HRDuhlicAnB and DRmOpFAtz Ehonl1 NJ trifh |