New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-04-02


perity which howsoever and by whomsOever
disputed, strides steadily forward to mastery.
If, however the casual considerer fails to COM
prehend what Is signihed in the situation which
these two contrasting lines so graphically illus
trate there is a quarter where the tremendous
fact is not merely appreciated but acted upon
with aggressive intelligence-the American CAPT
talist and the American railway developer real
ize the opportunity. To the Orient last year the
United States shipped all told S9S,OOO.OOO mer-
chandise. But for eight months Of the present
fiscal year the total is over $92,5OOOOO. Against
the 500, 100000 Of a year ago we can by con-
sentative estimate count upon $15OOOOOOO this
year.
Precisely those things are coming to pass
which the clear-sighted. far-sighted James J. Hill
has so confidently prophesied-the international
trade Of the Orient is 10 be Americas. Annual
Oriental imports run beyond 81. 800. 900, OO0-the
field we take is vast beyond ready cOmprehen-
sion. To be making gains in it at rate over
81. 100000 per week warrants enthusiasm-but
more it warrants the energy Of our brains and
our capital
Other especially prominent appreciatOTs Of this
Eldorado situation there are beside Mr.. Hill
Sir Thomas Shaughnessy. Sir William Van
Horne Lord Strathcona and the group Of alert
associates who direct that marvellous develop
ment which the Canadian Pacific Railway is re-
cording. No parade is ever made Of what Is
proceeding and proposed in the Canadian Pa
cic's interest; but in this matter OF catering
for the Orient's trade there are extraordinary
plans afoot And Il is to no small extent based
on this that British investors have recently been
so assiduously buying Canadian Pacific shares
the very same long-headed fOreigr investor who
under James ]. Hills leadership las Teaped fort
une after fortune. Notable I'm many ways. in
deed. are the similarities Of Canadian Pacific
and Great Northern management. Both pioneers
into new territory on lines that concentrate alb
solutely upon the policy Of development for
lasting future. Not element OF speculation
anywhere-no side corporations to leech the
parent treasury. no laying Of Onerous burdens
upon patrons whose welfare grows each year
into an asset bigger and bigger. Both able to
contemplate developments on lines that are
broad able to pursue and execute those plans
effectively.
Canadian Pacific is the largest land holder IN
the Northwest It's land grants. ordinarily esti-
mated at about 100000 acres. include 25.OO0.-
600 acres. 1t owns ITO square miles around Egg
Lake AIbertas where recent Oil discoveries have
created excitement. A great part OF these
lands have a current selling price OF about So
per acre for agricultural purposes exclusive Of
oil and mineral rights. but the railroad Is re-
stricting sales In the belief that values will
approach prices ruling across the United States
border where similar wheat area brings $50 and
$40 an acre. The railroad also owns 100000
acres in the Island Of Vancouver land heavily
timbered and underlaid with coal. copper and
iron-this Vancouver Island acquisition having
notable part to play In the vast Oriental trans
pOrtatiOn plans which in due season Canadian
Pacific is to disclose.
Taking INTO consideration It's equal joint
ownership with Great Northern Of the famous
Crows Nest coal properties. and its acquire
ment OF adjoining 100000 acres OF coal
field, there are calculators who estimate that
Canadian Pacihes agricultural and mineral
land ownership alone will reach far toward
$2OOOOOOOO. The company's total outstanding
capital stock is S1O2OOO.OOO.
But apart from this stupendous asset. the
railroad as railroad has records so phenpmenal
the wonder Is that only has begun 10 shOsv
appreciation by the bargain hunter investor of
Europe. Here there was earlier understanding:
and New-York has fortunes to-day through the
fulfilling OF DrOphesies made score Of years
ago by foFeseeius hnanciers Ike George Bliss
and Levi p. Morton. Within the past two years