May 17, 1904 (9th Parliament, 4th Session)


James Clancy

Conservative (1867-1942)


They pay nothing for it, but they sell that stock to some person else and leceive the proceeds. The Grand Trunk get that $25,000,000 of stock for nothing beyond the mere obligations that they are undertaking. They go on the market next day as provided by the amendments that hon. gentlemen opposite are asking this House to assent to and they sell every dollar of that stock. The proceeds are placed in the treasury of the Grand Trunk Railway Company. I ask the hon. the Minister of Justice what right the Grand Trunk Railway Company have to take the money so earned and, under the circumstances I have stated, construct terminals or provide equipment for the Grand Trunk Pacific Railway Company.

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