Excerpt from The Investors' Review, Vol. 18: July 7 to Dec. 29, 1906; (Being Vol. XXVIII in Consecutive Series)Canada'last Monday celebrated the fortieth anni; versary of its erection into a Dominion, and the Opper tunity was taken by some folks to glorify the Canadian Pacific Railway above every other product of that great political unification. This was' natural and Anotr unreasonable, for if the Dominion Government has made the Canadian Pacific a great corporation by (its gifts and land alienations thene can be small question that the railway has in. Turn consolidated and become master of the Dominion. The text, however, was-the wonderful prosperity of the country, which we are. Delighted to note always, and to sometimes criticise.
And quite an eloquent tribute to the Canadian Pacific Railway was given by the Ottawa correspondentcf the. Times. He quoted Senator Purley, one of the pioneer farmers of the, north-west, as having de clared last year that within a decade Canada would'x produce sufficient wheat to feed all the people. Of the British Isles, only to enable that gentleman to correct his then prophecy by reducing the time to five years. We shall be delighted if Canada can give us all this wheat, and so soon, but how is she going to sell it to profit in competition with the wheat of india, the. United States, Argentina, the Danubian' countries Russia, and? Possibly other sources of supply? It is not a safe foundation to build national prosperity on, this capacity to produce wheat. What else is the Canadian north-west going to produce? We ask _this in no carping spirit, for the country has-unques tionably done wonders. Twenty-five years ago, says the correspondent, when-lord mount-stephen.
And Lord Strathcona took up the enterprise of the Canadian Pacific Railway, they wene told that the road2 would never pay for its axle grease.' Not quite that, but they were told, by this writer. Amongst others: that for many years it might not do more than pay for. Axle grease over large portions of the line. We were wrongin this, not realising the extent to. Which the backing of the Dominion Government, its money gifts. Its land grants, and tax exemptions, together with the well-rewarded liberality of the British capitalist and the skilfully stimulated inow of population Would build up the country and, the line with it. Yesterday the books of the Great British Canadian 1railway closed with gross earnings for the year aggregating; over $60, says this same correspondent.
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