The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-12-11
SELLING ACRES Ri MILLIONS.
How the Canadian Pacific u DtsposinK Of
Its Vast Tracts of Land.

About the time that Horace Greeley
said Go West. young man the Canadian
Pacific Railway was commencing it's giant
task Of decking the norr hern portion of
this continent with a double girdls OF
steel. the go-between OF Atlantic and
Pacific.
The completion OF this triumph OF
engineering, says Business. was tn. 81 gnal
that the company had earned the bounty
OF the Canadian Government. namely
rs. 900 900 acres Of Canada = fertile prairies
The narrative Of the Canadian Pacific Z
struggle in it, endeav or o est abli-h a new
empire in this territory is one OF he grea,
epics Of business. Astory Of less romant c
nature. hut as replete with interest in 6
details. il thar Of the actual sales OF this
| immense land grant. the area Of which is
equal TO thar Of n giant field fifteen miles
IN width stretching from New York ia
San Francisco
Take the irrigat ion block in Alberta
| some 1000 GO acres alone -imagine your
self with an appropriation OF $40 OOO. O0N
TO be expended upon the ConSt ruction OF
an irrigation system
Add TO his the task Of Gamonsi rat in (
to 2O.OO0 heads az families that il will he
10 their eternal benefit to establish new
homes upon This land. then consider thar
this undertaking - LETT in your chs ge
on he understanding that u will be nscss-
-ary to choose and train your corps Of
engineers 10 build the system and your
army Of lieut. enants. salesmen and agents
% sell the land
Such a task appears 81 sufficient mag
ntude to sragger even the most capable
OF men. Yet II has already been one
third accomplished The system to serve
tn. .DOO. $50 acres comprising the western
section Of the irrigation block is now
complete and being successfully operat cd
while work on the CONSTRUCTION OF ghe
systems TO serve the =. ODO. Op acres IN the
eastern and central sect ions has already
h.-en undertaken 10y one OF the worlds
largest contracting firms. American by
the way The work when compile, ed will
cost over Sill 900. GO
IT you have sufficient money IL IL a
comparatively easy task 10 build hum
dred homes in any one Of the large cities
but when II comes 20 selling those homes
YOU will find difficulty IN disposing Of them
II you wish To make profit OF. say. 80
per cent on your Investment but II you
are content 10 sell az a figure much lower
than actual worth you will quickly dis
pose Of your piles u brick and stone.
The Canadian Pacific Railway found
Its task. however. was To provide the
groundwork for some moo homes, a.
that number must ultimately be created
within the tract 10 which reference Is made.
II had the money 20 complete the system
which would make those homes possible
and appreciated the fact that II the land
were sold at a figure less than it's recog-
nized ultimate worth sales would be made
with great rapidiiy.
Hence the decision to dispose Of thisland
II a~@.~. b..
chaser the certainty that values would
in n few years time double and later
treble This is a fundamental principle
with the company. "a It's business Is trans
portation rather than land selling.
IL the selling price Of the lands were
advanced to their recognized ultimate
worth one sure source Of profit. the adj
vance in vaues. would be taken from
the homeseeker. with the result that
settlement would he retarded and as a
the traffic returns OF the rail-
road would not increase in the proper
ratio.