Perhaps the statement is reported as coming from a friend of hon. gentleman opposite. That statement is this :
It would not be very difficult for the powerful financial interests which Mr. Hill represents to secure a majority of the common stock of the great Canadian Pacific Railway.
Now, the point that I want to bring before the people of Canada and this House is this, that these men, who have obtained control of the railways of the United States, are in a position to-day to capture' the control of both the Grand Trunk Railway and the Canadian Pacific Railway. I can go further : I believe that tracers are out to-day after the stock of these two railways, in order that Messrs. Morgan, Rockefeller, and the men associated with them may, if they think it necessary, get the control of these two Canadian roads ; and I call the attention of the people of this country to this fact, that less than $50,000,000 put on the stock market to-day will secure the control of the
Canadian Pacific Railway. Did this country put all the money which it has put into the Canadian Pacific Railway and the Grand Trunk Railway in order to build railroads which might pass any day from the control of this country to the control of the United States ? What do we see happening at this moment ? These Canadian railroads, in connection with which the people of this country have spent so much money under reputed Canadian or English management, are to-day a menace to Canada. The Canadian Pacific Railway and the Grand Trunk Railway have announced that they intend to shape their policies to build up American cities, if necessary, at the expense of Cana,-dian cities. There is the great question before the people of this country. We were discussing platitudes yesterday in this House, but here is a definite question. The Grand Trunk to-day is antagonizing the city of Montreal, and I believe the Canadian Pacific is antagonizing the city of St. John. These two railroads tell the people of Canada, openly and above board, that they have no consideration for Canadian interests, but will, if it is in their own interests, direct their traffic to the United States. If that is the case to-day, how much worse will it be when Messrs. Morgan and Rockefeller and their associates go on the stock market and secure control of the Grand Trunk and the Canadian Pacific Railway ? I am not dealing in a generality, but am speaking of something that might happen to-morrow. My hon. friend from West Toronto (Mr. Osier) occupies a seat on the board of directors of the Canadian Pacific Railway, and he and Mr. Shaughnessy might attend a board meeting to-morrow and have an intimation made to them that the Canadian Pacific Railway had passed from the control of Canadians to the control of these gentlemen in New York.
Topic: THE RAILWAY QUESTION.