Canada And The States Recollections 1851 To 1886 By Sir E. W. Watkin

























































































































































 -  At first Mr. Gladstone
insisted on such a short term of repayment, and therefore so heavy a
put-by, that - Page 53
Canada And The States Recollections 1851 To 1886 By Sir E. W. Watkin - Page 53 of 259 - First - Home

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At First Mr. Gladstone Insisted On Such A Short Term Of Repayment, And Therefore So Heavy A Put-By, That His Terms Took Away The Pecuniary Value Of The Guarantee Itself:

That is to say, that what the Colonies would have annually to pay, would have amounted to more than the annual sum for which they could have borrowed the money themselves.

I suggested a longer term, and also, that the interest on the annual put-by, to accumulate, should be altered so as to alleviate the burden. In answer to a letter written with the assistance of Messrs. Howe and Tilley, I received the following from the Duke: -

"CLUMBER, "8 Decr. 1862.

"MY DEAR SIR,

"I am sorry to say your letter confirms the impression I have entertained from my first interview with the Canadian delegates - an impression strengthened by each subsequent meeting - that Mr. Sicotte is a traitor to the cause he has come over to advocate. I am unable to make out whether he is playing false on his own account or by order of his colleagues; but I cannot say I have any reason to associate Mr. Howland with the want of faith in any dealings with me.

"You can have no idea how I have been compelled to forbear and to fence with Mr. S. to prevent his breaking off upon every possible occasion and upon any almost impossible pretext. His whole aim has been to find some excuse for throwing up the railroad and saying it was the act of the Imperial Government. As for Mr. Gladstone being 'all powerful,' he knows that in the financial details alone Mr. G. interferes, and I presume Mr. Rowland would tell him that this is the duty of a Finance Minister.

"Nothing struck me more than Mr. S.'s objection to your being present at our meetings. When you did 'drop in' I felt obliged to say nothing about it till your card was brought, and on that occasion I particularly remarked that his usual obstructiveness was suspended.

"The one point now in dispute between the delegates and the Treasury is really of no importance to either party. I hope and expect that Mr. G. will give way; but I suspect if he does Mr. S. will be (by no means for the first time) much disappointed.

"Have you seen a remarkable letter in the 'Standard' of the 6th, signed 'A British Canadian,' commenting upon Mr. Sicotte going over to Paris and dictating to the editor of 'La France' an article upon a despatch of mine to Canada on the subject of the Militia? The article in 'La France' can only come from a member of the present Canadian Government.

"Do not at present get up any new deputation or go to Lord Palmerston. Considering Mr. G.'s strong opposition to the whole scheme on principle, I cannot say I think he has shown any desire to thwart by obstacles in details a measure upon which his views have been overruled, and it would be ungracious to show distrust where none at present has been merited.

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