That, Mr. Speaker, is a statement of the obligations to which the country has committed itself by the project of last session as amended by the supplementary agreement which my right hop. friend has brought down. Now, if we take Mr. Blair's estimate of $139,000,000, you will find that Mr. Blair in the sum of $139,000,000, which he gave as his estimate, included for the prairie and the mountain section, the sum of $23,250,000 as the amount which the government would be obliged to guarantee. But, if you look at the estimate <>f the president of the Grand Trunk, who says that the prairie section will cost $20,000 a mile, and the mountain section $50,000 a mile, you will And that the government will be obliged to guarantee bonds to the amount of not merely $23,250,000, but of $34,000,000, the difference between these two amounts being $10,750,000. If you add this to Mr. Blair's estimate of last year, it will make his estimate in the light of subsequent developments, very little less than $150,000,000.
further than that, there is another consideration. Every hon. gentleman of the House knows, that last year the member for North Norfolk (Mr. Charlton)-who I regret is not in his place now on account of illness-stated distinctly over and over again, and he spoke as the mouth-piece of the government, that it was absolutely futile to build this railway as a grain carrier from the west to the east, unless you constructed it with grades not exceeding one half of one per cent. I challenged the government, last session, to state the additional cost within $20,000,000, which that would impose upon the country, and not one gentleman on the other side was able to give any estimate founded upon any data which would be regarded as authoritative for a moment by any railway man.
Now, after looking on the obligations of ihe country, with regard to this enterprise ; what do we find, on the other hand, are obligations, which as stated by the president and directors of the Grand Trunk Railway Company to their shareholders, rest upon the Grand Trunk Railway Company ? What is it that they are to do on their part if we undertake liabilities aggregating $150,000,000. or there-r.bouts ? According to the statement of the president and directors of the Grand Trunk Railway, to their shareholders at a recent meeting, the Grand Trunk Company assume a total obligation of guaranteeing three per (lent bonds not exceeding the sum of $15,000,000, or, rather about fourteen and a half million dollars.
It has been stated by the president of the Grand Trunk Railway Company in the correspondence with the government, that this is a partnership. Let me not be accused of misquoting his words ; let me read them from the published correspondence which Mr. R. L. BORDEN.
has been brought down, and laid upon the table of the House.
It has always seemed to me that the gov®1-® ment of Canada and the Grand Trunk Company, being in point of fact partners in ( enterprise.
Being in point of fact, partners in enterprise. While the Grand Trunk fku way Company last year, as its share 0 the enterprise had to guarantee bonds * exceeding $18,000,000, certainly not feeding $20,000,000 ; this year, through ta good nature of my right hon. friend-y*®' same good nature no doubt which led hj to appoint Mr. Blair to be Chairman of dy Railway Commission-this year the obU* tions of the Grand Trunk Railway ComPaj.j, are reduced to fourteen and a half *' lion dollars or thereabouts. On the c' hand, we have obligations on the coU „(i to tlie extent of about $150,000,000, on the other hand we have the other PaL. ner in the enterprise agreeing to enter to the partnership to the extent of ie' tnan $15,000,000. ^9
What were the grounds upon which * ► vast outlay was asked from parlia1® t0 last year ? The grounds were : protect the country from the abroga of the bonding privilege ; secondly, velop new territory in the north a„ fair west; and third, to provide ail a . .pis, adian route. These, stated in a few jC|j were tlie objects of this enterprise w 9g my right lion, friend presented to the y-aeIlt aiid to the country in the very eloh ,e speech which he made last year. We not heard him to-day speak of the ' ing privilege. The crisis which a ye®1 a had developed so acutely seems to by jj0t quiescent condition to-day ; there d "which seem to be that tremendous dangei ^ ^0ge called upon us last year to put aside_ ll)0r-who would say: to-morrow, and t
row, and to-morrow ; and those [DOT]id °f would say : wait, wait, wait. InSr! that, my right hon. friend to-day *[DOT] tlie self saying: wait, wait, wait ; | cpo<>
extent of three years in the constyg of this western railway ; and so fat' n°l eastern division is concerned, he c$ seem to be impelled by the same upland anxiety, and apprehension wide* ated him last year. 0|(j('L'c
Well, Mr. Speaker, we did not to legitimate railway developmei py did not object last year to develop \\ resources of the country by moved several amendments, liowe ^ter this resolution, and we proposed a native scheme to which I will ,
We proposed for example, a L'^uk ' which would commit the Grand ± \icy
moderate rates. It was moved W J friend from Marquette (Mr. it was voted down by tlie hon. % n,o''® on the other side of the House. an amendment for insuring train l
this f1* Canadian routes. We insisted that G,' government should impose upon the o]j]j„r((,. th'imk Railway Company the same heedp!lons-because they were much more tract it was imposing in this conv.'ay pi)011 the Grand Trunk Pacific Rail-voted °mpany' an(i again the government 118 down, and my lion, friend the Hot jlaei' °t Finance said that we could beCa '!ve any amendment to the contract, hut wf everything had been agreed upon. Cv*vthmn t.he contract is opened up, when is a .. . lu* i* not agreed upon, when there 1 d0 , commencement and a new deal, "'hich 1aud ^lat any these amendments Put «, ,We suggested last year have been atttendri contract. We moved an
capita|i~eat calculated to prevent undue stock L'1^011 I to guard against watered Again ?, Preyent speculation in the stock.-Juid '"e '"'ere voted down. We were
was 1T Nothing could be changed, and G'Uld n£°lnted 0llt to us that the stock J'l'aiid t [DOT] ':>e speculated in because the !'°ld . runk Railway Company was to
tets shoiu1! fifry yeal'S- But all these mat-e°Utract v llave been corrected when this ??Vernino *s agi,in opened up between the , bpiim, Ut anct the Grand Trunk Railway ?P}' cone and not in any single respect has 10 the co Ss on been made by the company j'very r uti'y ; but in every respect, almost 1;is beer,>ect nt least, in which any change ?, uPe 0f made-it has been made in the 'J1And m a concession by the country to the u^'hat \V.."k, ,Rail'vay Company.
'hy slim.ii Ae Position of affairs last year? (s^b'act [DOT]>
d. there be any change in this lv,11' Wilf',.;,, ,°es uot my right lion, friend l, thber f.4, Laurier) know, does not every £?]>- frL.wi *his House ku
'<) j d the Minister ot . ____________ v____
hon 5ai'ticular know that he and my
si,11- trio.,,1 ,, s House know, does not my t°n) the Minister of the Interior (Mr. (,®ut il0 ^articular know that he and my do atercp l,ia}ld the Minister of Trade and that . Richard Cartwright) de-bi.f vay n.„ was one of the most splendid it °l-e am- i °Sitious that was ever placed wu°t (lp,'.i,, g!slature in any country. Was ot ?1' of &d by the right hon. the Mintio,? Seutfema?nd Conlmeree and by many ... Pse fi. . 'con on the other side of the
bridge i?.XI!f whatever lias arisen for any 'tVhat did ihe terms of iwie ai!dtho rieUt
an [DOT] 6 that +r- tlie other side of the t'a* bPnieii'spi,:118 ntfiway project must be
tin-"16 * if \ Paying one in the very near an??11 at thw. se declarations are to be y 0"
eir face value why is it that
this agreement ?
ade .'i.'.i tlLe right lion, the Minister of in < rrnmerce say V He said, as Hansard,' page 9361 :
MiAfheve a r ,,
to n ea"y good bargain may be one s0ft that this .advantage of both parties. I ' ls notably an instance ot this
Sol^ then ,Vl,
hi ,. bargain ,as uotably an instance of a IttaVetv of i, f°r the Grand Trunk. IVhy ster of M)ht solemn declaration of a speaking with allot 4.1 OT,cu|"
01 tlie Crown.
thority as we know he did, is there auy further concession to the Grand Trunk?
What did the hon. the Minister of the Interior say last session ? In the first place he pointed out that the net annual profits of tlie Canadian Pacific were $15,000,000 and then he proceeded to compare this proposition with the Canadian Pacific proposition very much to the advantage of the former. After declaring that the Canadian Pacific Railway ran through a very barren territory, over about tlie worst route that could have been selected in the west, he said :
(Hansard, 1903, p. 8677.)
But this new line o£ the Grand Trunk Pacific Railway will run from Winnipeg to the mountain pass, through a territory, every mile of which is fertile and productive. It is hardly conceivable that such should be the case, yet the information in the possession of the government amply justifies the statement I have made. There is no such fertile stretch of country in the world.
And further he said :
(Hansard, pp. 8678 and 8679.)
The Grand Trunk Pacific, on the other hand, will go from the Rocky Mountains Pass to the coast through as rich a timber and agricultural country as there is in Canada-a. country rich in timber, mineral and soil. Then we must not forget that when the Canadian Pacific Railway was projected, there was no movement of settlers from the outside ; there were no farmers coming to Canada in 1881 from foreign countries. . . . But wrhat is the position now ? We had an immigration into the Northwest of 125,000 people last year. If it keeps on at that rate for the next ten years, think what that will mean to the Grand Trunk Pacific Railway. Think of the difference in that company compared with that of the Canadian Pacific Railway, which went travelling on for years and years before there was any appreciable influx of settlers.
One would think this would be a consideration which would induce tlie government to say to the Grand Trunk : We have here a magnificent railway proposition for your consideration. We are bearing nearly all the cost of the construction of the railway ; go on with it and if you do not see fit to go on with it, we have a proposition here which will induce capitalists from almost any part of the world to embark upon that enterprise. We have faith in it, they will have faith in it. There is no need of further inducements and we will not permit you to have one further concession.
But the hon. Minister of the Interior (Mr. Sifton) went further. After pointing out that the Canadian Pacific Railway had startd off with no eastern connections and with no lines through Ontario and Quebec he said :
(Hansard, p. 8679.)
The Grand Trunk Pacific Railway, on the contrary, will start with a magnificent system of connections, ready to open business the very day the road is finished. What does that mean. It is impossible for us to conceive the diner