The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-11-25

money seems to have been no object
IN waging the warfare. In our political
history there never was such campaign
seem Perhaps the most amusing feature
Of 1t was strike" by the pro-Reid
candidates IN the early days OF the fight,
"heh II was thought to conduct matters
on a less lavish scale. The requisite
aooltlonal funds being forthcoming no
turthei difficulty was met with. Five
hundred dollars each Is understood to be
the allowance for the candidates, but the
amount spent among ward and district
workers ana for campaign literature can
only be conJectured. Men Of lifelong lib
erel principles have been Converted.
ana candidates who took the field for
held We're assailing him twenty-four
hours previously. The Organization OF the
ulstrlcls mas been most effective and
complete, and Reid's control of the tee
graph line has enabled him to adjust his
plans TO the changing Circumstance OF
the nght with rapidity which his OPP
poaehts nave not been able to approach
III any way. His policy has been one
Oh attack from the very start, AID where
II seemed two months ago aa though
MS active identification with fhe party
Woulu De detrimental, it is now thought
tn@t MS financial Influence will tell great
III ms favor and attract to his size
those who believe that his success would
ieuouho 10 their own immediate benefit.
REDS ENORMOUS INTERESTS.
Opposition to Reid is due to the famous
deal in which he is the principal For
a cash payment of 81, 100000 he became
the owner of various properties, which
were then valued at $4,000 COO Last year
lie pullr eight fine steamers to do the
, coastal mail service, at a cost of $500, 900
more, and added to the equipment of the
railway to the extent of about 100000
more, spending in all about So, 000, 000 This
gave MIN possession and operation of
o4V miles of railway 1920 miles of steamer
routes, LOCO miles of teIegraphs. the
largest dry dock in America, the electric
hghtlng and tramways of st. Johns and
the GVoo square miles of lands which he
Helu, forming an area only slightly
smaller than the state of Massachusetts.
He Is now planning to transform this
immense personal venture into limited
haplllty company, with a capita! OF $685.
0oo,O0o, the stock in which he proposes
to float on the London market at an OPP
perfume time. Meanwhile he intends TO
raise the sum of S. 900, 900 by mortgage on
the properties. which amount he will ap-
ply to the development of such enter
pflses as give promise of a successful
return A large hotel at ST Johns has
already been set on foot, plans for
mammoth pulp and paper mill have been
prepared, lumber company has been
formed, mines have been prospected
farming settlements have been arranged
for, and large and comprehensive
scheme of Improvement has been set on
foot, the accomplishment OF which is
made conditional upon the esta blishment
of the corporation, which is to take over
the Reid interests and assume all re-
spOnsibilities therefor
The creation of such a corporation is
strongly objected to by thousands in
the colony, unless the original deal is
modified in many Of its essential fea-
lures This hostility to a corporate hold
ing is based upon the following para
graph from the dispatch in which the Rt.
Hon. Joseph Chamberlain rebuked the
colonial government for the passage of
the contract at first:
Mr.. Reid is already, I believe, ad-
vanced in years, and though the contract
requires that he shall not assign or SUBJ
let to any person# or corporation without
the consent of the government, the risk
of its passing into the hands of persons
less capable and possessing less interest
in the development of the colony is by
no means remote"
SAVED COLONY FROM INSOLVENCY.
When the deal was passed. largely
signed petitions were circulated, praying
for the imperial veto. and the secretary
for the colonies made this declaration
against it.. though unable to sdisallow it
because the province possesses the full
est measure ofgself-gOvernment, and can
not be intcrfered with in it's internal
affairs. The enactment Of the deal
! was justified on the ground of local f1nan-
| clad necessity, and for the finances Of
an autonomous colony the imperial cab
| met could not assume any responsibility
The financial consideration when
| brought about the passage of the bill
was that the colony, as was stated by its
| finance minister, was on the verge Of in
| solvency, from which the 81, 800, 900 which
| Mr. Reid was to pay for the properties
| could alone save It, Certain debentures
| of the colony We're then falling due and
| would have to be paid off. To do this
| would require the raising OF a loan in
London or the sale of the railway "a
/ Reid. The finance minister maintained
| that 1t was impossible to raise a loan
| and that the other a]tSrna tive alone wa:
| feasible. Therefore the agreement was
| concluded it being argued as additional
| inducements, that Reid would be SaddleC
with the buren, of operating the railway
and compelled to undertake development
| measures otherwise impossible for the
colony, the result of which would be tina
a liberal degree of prosperity would b;
| permanently asSuerd to the people by
the opening up of new avenues of labor
which they might follow.
Three or four months after the pass
age of the bill, and after Chamberlain
scathing commentary upon 1t, the fac