I was not referring to the hon. member for Wentworth. There is something strange in the arguments which I heard to-night. If I understand aright what was said, no one makes money in mining; everyone who goes into it takes a loss. That is the argument.
I took down the remarks of the hon. member for Rosedale. He said it would be perfectly foolish to go on if we
did not get a dollar back for every dollar we put in. Surely it wrould be perfectly foolish, and soon even my hon. friends, who are so enterprising that they are willing to venture everything, would not carry on very long. It would be foolish even if we got a dollar in return for every dollar invested or ventured. Consequently somebody must be getting more than a dollar's return for every dollar that goes in. But what is happening in this country is that people who cannot afford it are putting money into mines.
If the hon. gentleman wishes to play the horses, that is his business. I did not know that was a particularly good business, and I am interested in good business. The people who buy mining stock, the great majority of those who put their money into mines, do not derive the benefits from it. The big fellows do not lose, and if you observe what is going on in Ontario to-day under the security commissioner-I believe that is his title-you will find that many of these men are being prosecuted for fleecing innocent people in this sort of thing.
I am not opposed to the principle of what is proposed here, but it should be done properly. The minerals of Canada are the property of the people of Canada. They are a Canadian asset. A mine is different from a forest or a river or the sea from which we get our fish. Once you have taken the mineral out of the mine there is nothing left.
No. There would still be suckers left no matter what you did. What should be done-and some government, some day before the mines are depleted will do it, I hope-is to see that the people of Canada as a whole, and not only those who put money into mines shall derive some advantage from these national assets. The miners themselves have an interest in them. What has happened? The member for Vancouver South said that he was brought up in a mining town, but there is not much mining there now'. There are heaps of slag and holes in the ground and lots of dead towns in British Columbia all over the province.