Frontier Peters, of Prince Edward Island, has an.njuced an agreement with a firm of Canadian and American capitalists, which insures for the island the most complete and modern outfit of cold storage appliances that, can be obtained. The capital of the company is $1,000,000.
An important tobacco firm in Pittsburg, Pa., has written the Dominion statistician for details respecting the cultivation of tobacco in Canada, with a view, if circumstances are favourable, of establishing a large factory for the manufacture of cheroots and ' stogies.'
The International Harvester Company erecting a plant at Hamilton, will employ 1,500 hands.
The Altman-Taylor Implement Company, of Peoria, 111., will soon establish a branch in Canada.
The Canadian Woollen Mills Company, at St. Hyacinthe, has passed into the hands of American capitalists, who will hereafter operate the industry.
The Laurentides Pulp and Paper Company has an immense plant, and has built up around it the thriving town of Grand MOre.
The latest announcement in connection with the incoming of foreign industries is the news that the International Paper Company, a gigantic concern, is about to utilize the areas it has secured in the Three Rivers district and establish pulp mills in that portion of the country.
This, Mr. Speaker, is on the whole a splendid testimony as to the manner in which capital is being attracted to Canada. This report shows that level headed business men are prepared to risk their money in Canada; it shows that Canada is prosperous under the present tariff, and it shows that few if any countries in the world are so prosperous.
Now, Sir, in my estimation, the policy of the present government has been a most skilful, statesmanlike, sane . and manly policy; and, in various ways. In the first place preferential tariff was a very great stroke of political genius for not only did it reduce taxation to the Canadian consumers and assist British trade, but it also struck somewhat of a blow at the United States, and some of us are not adverse to a little of that sort of thing if the United States do not treat us somewhat better. And. Sir, the preferential tariff strengthened the ties of the empire and increased Canada's national status. In the second place the reductions in duties were with respect to goods chiefly imported from the United States and were made for our benefit. The Liberal party draws the line against a policy of retaliation or conservatism which would simply cut off our nose to spite our face. In the third place the preference in favour of the West Indies showed a commendable disposition to help a weak member of the
empire and to recognize the responsibilities of the empire. In the fourth place, the opposition were prepared to allow their resentment to cause them to go right at Germany at once without conciliation or negotiation at all; but the policy of the government was quite the reverse. The government tried conciliation, they tried correspondence, they tried every reasonable, sensible, and moderate means, and when they were not able to induce the Germans to do what was fair and right, then the Canadian government adopted a policy of retaliation which all Canadians have heard of with the greatest satisfaction. Instead of starting out with fisticuffs as the opposition wanted, the government started with correspondence and negotiations, and when that would not do we ended up with a little fisticuffs on our own account. Now, in addition to all this, and in view of the fact that Great Britain does not appear to think very much of this preference; in view of the fact that she is not very well informed as to this preference and seems to look this gift a little askance, Great Britain is now told : If you do not think the preference is any good; if you are not prepared to deal with us on a little better terms then you deal with countries which give you no preference, then we will have to consider what we will do with the preference. It is also true, Mr. Speaker, that this government lias made all reasonable and fair efforts to induce the people on the other side of the line to adopt a little more friendly and favourable trade policy' towards the people of this country, and they are given a slight intimation by this government that if they persist in doing as the Germans are doing, one of these days they may have something of the same sort happening to them. All and all, Mr. Speaker, the policy adopted by this government is in the truest and best interests of the people of the country at large. And why should we change from this policy ? Why should we change from the prosperous conditions which prevail under this policy to go back to the conditions which existed under the national policy. The national policy was reported at the start to be a wonderful policy'. We were told that it would cause manufactures to start up in tlie most marvelous way, and would bring work and wages, comfort and prosperity and happiness to the people of Canada. But we tried it for eighteen years and with what result ? Why, at the end we had made practically no progress; our population had scarcely increased. In one way and another we found that that policy was a failure. When we contrast the period before 1896 with the period from 1896 to 1902 we see in the former period a stagnant trade, an impoverished treasury, an exodus of the very cream of our population, manufacturing going on in a very slow way, and the Conservative government too busy with