New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-03-18

man IN Canada He IS the controlling factor IN
the greatest three money making institutions II
Cana6a-the Canadian Pacific Railway, the Bank or
Montreal and the Hudson Bay Company. A ma
.oritv Of the stock Of the last named company Is
said to be held by Lord Strathcona. The Hudson
Bay Company owns, by Government grant, one
eighth OF all the land in the Canadian Northwest.
In every township of sixteen sections 1t owns two
s,II sections OF go acres each 1t has Furthermore
er interest IN every town site IN the West. The
hest quarter OF the city Of Winnipeg was originally
IN IFS possession. and II owns much OF IL yet
This company has immense stores in all the
Western towns and cities, and does the cream Of
sbe retail trade while further north # has virtual
monopoly OF the fur business.
RAILROAD INTERESTS.
Lord strathcona is one Of the largest owners
~ Canadian Pacific stock. which has trebled IN
value within the last four years. In add
zion he has numberless other interests In IN
sarance and loan companies It may be an en-
couraging thought for many TO ponder that Lord
Etrathcona was well in life before he emerged
from the crowded ranks Of the comparatively poor
men He is now in his eightieth year, and he
was nearly sixty before his great opportunity came
He was born plain Donald A. Smith, his native
place being little village in Elginshire in North
Scotland He came to Canada in his twentieth
year es a clerk the service OF the HUDSON Bay
Company and spent nearly quarter OF a cen
.ury IN the wilds of Labrador. He gradually rose
IN the service and when about fifty years of age
reached the highest post in the companys service
that Of chief factor and chief commissioner This
carried with Il a handsome salary and an interest
IL the profits Of the company.
As chief commissioner he stationed at Fort
Garry now Winnipeg when the Red River troubles
broke out IN 1870 and first came into the public
eve by the tact with which he sought, though
unsuccessfully, to moderate the passions which
ultimately led to bloodshed and rebellion tie WAS
appointed commissioner by the Dominion Govern
71er% -z-is, tho rehe md a
part in bringing peace 10 the distracted land
II is perhaps a coincidence that it was IN the
suppression Of this outbreak that Lord Wolseley
and Sir Redvers Butler first won their spurs Lord
Wolseley then plain Colonel Wolseley, commanded
the Red River expedtonary force. with Captain
Butler adiutant.
BIG ENTERPRISE
Five years later opportunity knocked at MI
Smiths house and was recognized with the eye Of
genius A close personal friend of Mr.. Smith was
J. J. Hill. who doing a freighting business be-
tween St. Paul and Winnipeg. The two friends
compared notes. and came TO the opinion that there
vas a chance TO make immense haul by captur-
ing the ST. Paul, Minneapolis and Manitoba Rail-
way which radiated from St. Paul over the States
OF Minnesota and Dakota. It was built by Am
serdam capitalists, but the panic of 1873 knocked
the bottom of the enterprise. and its bonds
commanded simply a nominal sum in the markets
of the world Messrs Smith and Hill knew that
with the return of prosperity. which they believed
10 De at hand, the road would become a profitable
property. But how they with compare
lively limited funds to buy up the road? In this
dilemma Mr.. Smith bethought himself of a cousin,
VINO leaving the north of Scotland few years
amer he had, had rapidly climbed wealth in
montreal and at that moment president Of the
Bank Of Montreal
George Stephen was accordingly ccrsulted; he en-
tefed into the plan with enthusiasm and supplied
TIE needed capital: the railway was bought up for,
comparatively speaking, trifing amount Within
eighteen months the stock of the road was over
par and Messrs. Smith, Hill and Stephen were
plain sailing for an thrae Mr. m is was now t6e ra
S. oIcia or OF the Northwestern States, George
and Nd - to6d strathcona Of Glencoe. Argyllshire
W. mount Royal Of Montreal, Canada. The title
VI her Majestys Diamond jubilee.
GIFTS FOR EDUCATION AND CHARITY.
LORD strathcona has been since 1896 High Com
missioner Of Canada in London but he Is fire.
suent visitor TO Canada. and regards his mansion
y Dorchester-st. In this city his home. He
T. uree iordly residences in Great Britain--one
- n@oogan Square, London; another at Kheb-
the former home Of the Lyttons and a
dSno0S would lit Of dola h1ra
Row S1a,ephen built the magnificent hospital the
and set a6sIs so f a0n city at cost Of 81 600 900
recipse5,' OF which he is chancellor has been the
aid 90 kteen years ago with grant of SO 005 in
from Ys female education. he has gone on giving
Roysj -" -, million mark. His latest gift was the
built eo ig,UIaa College for Women which he has
q MAJ SSxxapped and endowed. Lord Strat hcona "a
durenceo % anairs and has had little time for in
hobby On "a lighter pursuits. but ne has made a
os rare picture gathering and of the collection
especal,T s siial vases his Satsuma display being
masters a. iis; he has many originals Of the old
house snd Als picture gallery in HIS Montreal
world OF ar some years ago created a stir in the
inunon" 1T a. ny Dldoing In Breton's First Com
Lord etr,+hi auction sale at the cost OF fl0 coo
Howard who ras,s has two children the Hon Mrs
"a - .y IN ills city. His peerage IS ifs VINO one