The daily morning journal and courier., 1902-07-26

for Fast Stea ma ship Service to Canadian Ports is Approaching Realization Statement by Lord stratheona and Mount Royal.
 London, July 25.-The announcement from Montreal that the Canadian Pacific Rail- road Company had. at the request of the Canadian Ministers now in London, offerel to establish and work weekly fast servi between Quebec and Liverpool, in the sum mer, and between Halifax and Liverpool in the winter, with good freight service, IS causing considerable stir in England. where 1t is hailed with delight as being an offset to J. Pierpont Morgan's shipping combina- tion. The evening papers have flaming placards reading, English Combination 10 Fight American Trust" etc.
 The officials of the Canadian Pacific Rail- road here deny that they have any such intention, but they, as well as others, be- lieve that the long discussed Canadian fast service is finally approaching realization. The chief indication of this is the fact that the offer was made by the Canadian Pacific Railroad at the instance of the Canadian Ministers now here, and that they were fully aware of the conditions to which the imperial Government Is prepared to accede
 Lord StrathcOna and Mount Royal, tue Canadian High Commissioner, in an inter- view to-day said:
 While l am unable to add to the infor- mation already published the terms men- tioned seem reasonable and probable. The members of the Dominion Government some years ago were authorized by tie Canadian Parliament to offer subsidy of t110,OUO for this purpose. So far as l know this offer has not been increased. The reported subsidy of f26O, 0G0 shows an ad- vance over the original offer, but 1t has always been understood that Geat Britain would supplement Canada offer, though l am not saying to what extent
 London, July 26.-The Daily Chronicle this morning in an editorial article regard ing the offer of the Canadian Pacific rail- road, says it thinks Lord Strathcona and Mount Royal is justified in expecting the British government to subsidize the enter prise, and it does not anticipate much dan ger in the way of a predominance of Ameri- can capital in the Canadian Pacific Railway Co. The Chronicle says:
 'The American combination will have it's hands full for some time to come without attempting further operations, and the Canadian government is not likely to per init such predominance without taking effective action. We should like to see the Canadian government cooperating alike with its own railways and with British shippers, but Ii that Is infeasible, we are prepared to heartily welcome the Canadian Pacific railways scheme, and if it is wei supported by the British public and the government, there is reason to believe MT. Morgan will find that he has bitten off more than he can cheW.''
 The Daily News welcomes the scheme with equal heartiness and says Canada would doubtless enjoy the lions share of the benefit, but the connection would be no mean advantage to Great Britain also.
 The Daily News also discusses the Ameri- can invasion of Canada, which it considers more serious than the invasion of England.
 John W. J. Pirrie, chairman of Harland and Wolff's shipbuilding establishment, in an interview last night, emphaticaly denied that there was any hitch in the Atlantic shipping combine.
 The Times announces this morning that the subsidy of the Canadian Pacific railway will depend upon the speed of the passen- ger steamers. If they are 20-knot vessels Canada will give subsidy of $S75,00O and Great Britain will probably supplement this by a subsidy half as great, making a total of $1,321. .500.