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

























































































































































 -  Soon
after that date, however, the works of several lines were pushed
forward, and in 1854 the section between Montreal - Page 56
Canada And The States Recollections 1851 To 1886 By Sir E. W. Watkin - Page 56 of 492 - First - Home

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Soon After That Date, However, The Works Of Several Lines Were Pushed Forward, And In 1854 The Section Between Montreal

And Quebec was opened, the first train having carried Lord Elgin, who was then en route to England to confer

With the home authorities respecting the future Reciprocity Treaty with the United States Government. So, whilst in 1852, Canada could only boast of about 30 miles of railway, she has now over 10,000 miles. The population of the Dominion is estimated roughly at 5,000,000, so that this mileage gives something over two miles of railway for every thousand inhabitants, a greater railway mileage system per head of population than, perhaps, is possessed by any other country in the world.

The old Grand Trunk proprietors feel that their early pioneer services to Canada, and their heavy sacrifices, have rather been ignored in competition, than recognized, by the Canadian Pacific not being an extension of the Grand Trunk system. Had I remained in office as President of the Grand Trunk, undoubtedly I should have laboured hard to bring about such a consummation, which undoubtedly would have economised capital and hastened the completion of the great Inter- oceanic work. But the London agents of Canada, who were, and are, responsible for launching the Grand Trunk and for its many issues of capital to British shareholders, have undoubtedly aided the competition and rivalry complained of; for in July, 1885, they floated - when other great financial houses were unable - 3,000,000l. sterling, not for the Pacific line itself, but to complete other extensions of the Pacific Company's system of a directly competitive character with the Grand Trunk, and which could never have been finished but for this British money, so raised.

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