This afternoon I reminded the House of the fact, that the Grand Trunk is partly an American and partly a Canadian railway. That is not their fault, but is nevertheless a fact, and we cannot lose sight of it in this discussion. I have prepared a short memorandum of the distances I referred to this afternoon. From Winnipeg to Duluth the distance on a straight line is 360 miles ; from Duluth to Ashland ou the Wisconsin Central 76 miles ; from Ashland to Chicago 437 miles, or a total of 873 miles from Winnipeg to Chicago. It is estimated that a road could be built from Winnipeg to Duluth and thence to Ashland for $35,000 per mile, but for the purposes of my calculation I shall place it at $40,000. The road from Winnipeg to Duluth would therefore cost $14,400,000 ; and from Duluth to Ashland $3,400,000 ; total $17,800,000. The Grand Trunk Railway Company-if they have not done so already-could get possession of the Wisconsin Central from Ashland to Chicago for $13,000,000, which would make all told a sum of $30,000,000. which it would be necessary for the Grand Trunk to invest to get a
straight line from Winnipeg to Chicago. Let us say that they will pay four per cent for that money which will not be guaranteed by the Canadian government. That will give them an annual interest charge to meet of $1,200,000. When they reach Chicago they are in their own territory, connecting with their own line which is fully equipped, and the trade from the Canadian Northwest would simply add value to that line as a first class feeder. What is the position of the Grand Trunk in relation to the government project 1 From Winnipeg to Moncton the distance is in round numbers 1.900. Time v\ ill tell whether I am right or wrong, but my own conviction is that that line will cost $50,000 a mile to construct; however I will put it at $40,000 a mile. That would make $76,000,000 on which, at three per cent, the Grand Trunk Pacific would have to pay an annual interest amounting to $2,280,000. In view of this, I ask every businessman of the country to tell where the interest of the Grand Trunk Company lies. Are they going to lose $1,000,000 a year for the love of Canada ? Is it not in
the interest of the Grand Trunk Railway Company, to take the trade of the Northwest to their own line ? What business man will gainsay that proposition. I approve of the GrarnTPruuk entering into the Northwest. Thev are anxious to go there, and the Minister of Justice stated a great truth when he reminded the House, that the prairie section of the Grand Trunk Pacific will he a very paying line. The Canadian Pacific Railway are tohlay building branches without a sking^any Assistance from this parliament.
Topic: GRAND TRUNK PACIFIC RAILWAY.