The sun., 1919-08-05
BEATTY OPPOSES
OWNERSHIP IDEA
President Of Canadian. Pacific
Satisfied With Success Of
Old Methods.
COMPANY FEELS SECURE
Present Financial. Strength
and Prospective Develop
ment Pointed Out.
COMPANY FEELS SECURE
seeciol correspondence TO the Canddson
Section Of TIE sun.

so.c,ol Correspondsncs to the Canadian
Section Of THE Sun.
uoxTRrAL, Aug. &c. w. Beatty.
rras,dent of the Canadian Pacific Rail-
vay Company. IL decidedly Of the opin-
ion that the people Of Canada are not
oes,rous Of any further extension OF
,ns principle Of Government ownership.
His company is firmly resolved to con-
Time operation of its system along the
nath proved by long experience and
marked success to be the best. The
company is secure in its financial
strength and holds strategic advantages
An the location OF Its main and branch
lines, with a prospect for large develop
ment In Canada in coming days.
An Impression OF quiet satisfaction
with present affairs Of the c. p. r. 10
Impaired by the president. A young
but mature man, he gives no indication
OF any pressure OF heavy responsibility
nor OF any desire for or indifference to
publicity. Information IL given with
freedom that belongs to men Of resource.
Mr.. Beatty practised law for some years.
The directors evidently concluded that
the time had come when the Cana
dian Pacific needed as its first officer q
man or trained judgment, familiar with
the first principles Of law and politics
equal to the demands Of the time. Grant
Hall, formerly general manager Of West
ern lines and Of long experience in op-
Grafton under the late Sir william
Whyte, is closely associated with Mr.
Beatty as vice-president.
II is notable that $40,000.000 Of G.
y dahanfitra ef0ck loapad m tha
British Government and remains there
for the present No settlement of ac-
count for war transportation with the
British Government has been arrived at,
but the president Is confident that when
tho time comes for an adjustment there
WIN be no dificulty whatever. The G.
P. R. bought s13.447,ooo second Cana
dian Victory bonds. an allotment $4.503.-
600 below the amount subscribed.
The Line OF Presidents. =
The Canadian Pacific Railway has had
q succession of able, far seeing men for
presidents. George Stephen, Donald
Smith, W. e. Van Horne, Thomas
shaughnessy-that Is the line but they
are now more Familiarity known by the
honored names which they won through
distinction in railway service as Lord
Mount Stephen. Lord Strathcona, Sir
William Van Horne and Lord Shaugh-
nessy-two Scotsmen and two Amer
leans. President Beatty is a Canadian
These men were all associated in the
early trials and responsible duties Of
the company-days when the annual re-
ports did not tell of net profits nor Of
any Immediate prospect of them. But
they worked on with enterprising per-
sistence. and with the development that
came to Canada in the '90s they had
their reward. So also had the Investors.
Canada helped the Canadian Pacific
Railway project generously, and 1t has
seen the wisdom and vision of the po-
lltcal prophets of that day realized.
There is sound reason to believe that
Edward W. Beatty is a worthy success
sor OF the line.
Throughout the period of the war the
Canadian Pacific Railway gave valua-
BILE service. The staff was dealt with
generously. and labor disputes were
settled in advance where the men showed
a reasonable spirit. The McAdoo scale
Of wages was made effective in July of
last year, but previous advances were
granted. Sir George Bury, one of the
vice-presidents. since retired. was sent
to Russia early in 1916 to advise on re-
organization of the railways, and n large
number of Canadian Pacific Railway
men in all departments Were on ser
vice, including Brig.-Ge Frank s.
Meighen, one of the directors. Apart
from land transport of troops and mu-
nitions the Canadian Pacific was able
to place thirty-eight steamships. with an
aggregate tonnage Of $4,000 tons, al
the disposal of the Admiralty. That
amount was Increased later by $4,000
tons new ships and $4,000 tons pur-
chased
Fifteen ships were lost through enemy
action or by accident during the war.
but construction under way and author
lied will bring the aggregate tonnage to
a point slightly in excess Of what 1t was
In August. 1914.
Extensions and Betterments.
Extension of the lines to meet the
needs of the West proceeds. During the
war that had to wait. Now urgent
needs can be met. This year 238 miles
are under construction In Alberta and
Saskatchewan. In addition to that the
sum Of s4.4S2.000 was authorized on
capital account 1t viii be expended
on upkeep and betterment. on enlarge
ment Of terminals and on side track
accommodation.
The upturn in railroad trafiic has come
III bOou measure TO tnc SaHAolau EdCtuC-
With q mileage Of 13,772 under opera
ton In Canada, Canadian Pacific Rail.
way earnings normally run away In ex
cess OF all other roads with combined
mileage nearly double that Of the biz
priNots corporation. Gross earnings fol
the first week In July stood at S3,120.
900. which is Just an average sum foI
this company. For the week ending
July II, gross earnings were $685.
O0O-an increase of 23 per cent. ovel
1918: and for the week ending July q
the figure was $3,202, 000-an increase Of
I'll per cent. over the same period las
year. For the entire year 1913 Cana
dian Pacific Railway gross earningi
were S157.537,6ss.
Freight traffic is good for this seasor
and returns are swelied by the heavy
tourist and general passenger trafis
which is coming to the Canadian Pacific
Railway. Accommodations on the trans
continental trains Is taxed daily and tbs
hotels in the mountains and In tho
western cities are filling up with tour
lists TO remarkable degree for thu
early half of July. There are many
americans among the travellers. and
they are ardent admirers OF Canadian
Faeihc Railway service and accommo
dation standards. They ind a stronS
argument for private ownership and
operation in the Canadian Pacific Rail.
way
Bear PeIta naaah U..~o-