For the information of the hon. member for Grenville (Mr. Reid) I have obtained the figures he asked for. The old company have about $1,000,000 capital and $400,000 paid up. As to the fears expressed by the hon. member for Lincoln (Mr. Lancaster) it seems to me that the farmers in our Northwest know pretty well what they are investing in, and I cannot see why they should not have the same rights as men in any other line of business. I do not believe there is a farmer in the west who does not know all about the Grain Growers' Grain Company, and what benefit it has been to him the last four or five years in the way of marketing his crop and getting the best value for him out of it. Several times in Winnipeg I had occasion to be in the Grain Exchange and heard elevator and commission men enlarge very strongly on the power this company seemed to be wielding throughout the country. They appeared to look upon it as a competitor. Tiie men on the exchange spoke of the patronage the Grain Growers' Grain Company were receiving, and they thought that company was a serious competitor. That is exactly what we want. We do not want any line of elevator people or grain men to have a monopoly of the grain business, and the people have as much right to form a company and help to make competition and get the value out of their products as lawyers, doctors, or merchants have to form associations to protect themselves. This company is only asking for powers which any one may obtain by letters patent, and which we, as a parliament, have no right to keep from them. I see no reason why the Bill should not pass.
Topic: GRAIN GROWERS' GRAIN COMPANY, LIMITED.