The Daily @xaminer SEPTEMBER 22, L885 the Canadian Pacific Railway of Cost Ix a few days, the last spike will have been driven in the Canadian Pacific Rail way. and we shall have through Canada a line of steel Halifax across the Great Plains and the Rocky Mountains to Port Moody. For this) great line a great sum of money has, of a | But there is no good | stretching trom course, been paid. reason for the exaggerated statements In which some of the politicians, ivcluding Mr. L. H. Davies, are now indulging. What Canada has really paid for the Canadian Pac'fic Railway is very well set forth by Dr. Fost T, M. i in the course of a speech in answer to some ol the wrong statements of the Opposition candidate for the representation of Si, John. Dr. Foster, who has, probably more than any other man, the ear of the people of New Brunswick, says ‘nat Cosi Mr. McLeod stated that the C. P. f. the : ; country $156.000,000, whereas, he says, Sir Charles rupper in Parliament once said that it would cost the country only $75,000,000; it has, therefore says M \i od, cost the country exactly t wice as m is Governn 1 Said it Wwouid cost Now, wet rine let me ask your attention for a few es to the figures Sir Charles Tupper Baa aking for the Government, we propose giving to the men who will build the C, P. a... $25,000,000 in cash, $28,000,000 worth of completed roa ind 25,000,000 acres of land, The $25,000,00( in cash and the $28,000,000 w orth of « omplete ad road, when added up, made $53,000,000, and the “5,000,000 acres of land, what wii:l we estimate that at Well, we wlll estimate it at $1 an acre, which will make the whole cost of the road, when finished, $78,000,000. Now, Mr. McLeod says that the road bas cost the country $155,000, 000. ‘“} am here to say that the C. P. R. which is now nearly finished and which is scon to he opened for through traffic, has been built and will soon be runni in leneth some 30 or 400 miles more than the first con’ ract made necessary, and the country has given towards its constru tion but $1,000,000 more than the Government said it would cost, viz., the $25,000,000 cash subsidy, ompleted railway and the 25,006,000 and. (Loud applause.) The completed road cost $29,000,00, whereas Sir Charles estimat ed it at $28,000,000, But that is not the whole truth, and what we want to get at is the whol truth The Government has loaned to the com pany $30,000,000 in round numbers outside of what it has given toit as payment for the building of the road, and this Mr. McLeod saysis a gift and must be added to the country’s share of the cost of the road. Well. now, let me ask any one of you gentleman, as a business man, this question Suppose you lend me $7,000 and you take my note for it at 5 per cent. and I give you security for the money worth anywhere from five to ten times the amount of the note, would not you and would not any business man consider that thoroughly ample and sufficient, and if I pay you interest on the sum loaned from year to year would you then go around and tell your neighuors that you had given me $10,000? No, you would not, and if you did, ou would be doing what was not right. Yon am d me the $10,000, you took ample security for for it, and as long as I pay all the interest on it SUS. 000.000 otf ¢ acres of year by year that weuld not be in any way tortur- ed into beinga gift, not by any means. The Gov ernment have thus loaned the C. P, R. Company $30,000,000, $10,000,000 of which is by what? Secured on 21,000,000 acres of the best jand in the Northwest, lying contiguous to the line of the railway, which land Mr. McLeod at Fairville a few nights age estimated to be worth and placed in his calculation as worth 242,000,000. ‘That is the security which the Government hold for $10,000,000 of the loan they made to the C. P. R. Company. (Loud applause.) This land is in the hands of the Government, which acts as trustees. Every dollar which comes in from the sales of the land is first applied to the payment of the interest and the principal, and if anything is left it is ap- plied to the reduction of the indebtedness of the company. So you see the loan of that money to the company is nota gift, itisa loan, paying 5 and 4 per cent. interest and absolutely well secured. How, you ask, is the other $20,000,000 secured? Itis secured on the whole line of the railway. What does Mr. McLeod say in reference to that! Hesays: “In addition to this you will remember that at the last session of Parliament they actually asked the Government to cancel the mortgage which they held on the road. and issue bonds for the $15,000,000.” Now I have the act of Parliament here in my hand and I will read that section of it to you: *“ Such bonds ($35, - 000,000) to constitute and be a first lien and charge onthe entire property of the company, real and personal, now owned or hereafter to be acquired or owned by it, including its land, line of railway, with its tools, its stock, its equipment, its several extensions thereof, and its branch iines of railway. Also, including the interest of the company in any railway lines,” Now that looks very much like a first mortgage on the whole line, and yet Mr. McLeod says they actually asked parliament to give off this first mortgage, The first mortgage is there, though, all thesame. The bonds are first mortgage bonds fast enough. They constitute a first en on all the property of the company ex- cept the Algoma bratch. The company then sold $15,000,000 worth of these $35,000,000 of bonds to London bankers, and realized therefor over $14,000,000. Did the Cana dian Government give this money to the com- pany! Yet. Mr. McLeod adds it to what he says the road has cost the country. The other $20,000,000 of first mortgage bonds are held by the Government as seeurity for the other $20,000,000 loaned to the C, P. R. The account stands thus: According to Mr. McLeod— secured Cost of C. P. R. to the country...... .. .$156,000,000 According to Sir Charles Tupper’s estimate : OA CUNO So. ies ée sce o. . $75,000,000 Road subsidy.......... panted Loehess $28,000,000 Land aubsidy eebedccecs 25,000,000 acres. According to actual result : Cash sut I cu oS ihaeine eae ++ $25,000,000 Koad a acesed $29,000,000 Land subsidy...... .. Rit, ee 25,090.000 acres. _ Then we have loaned the company $29,880,972, for which they have paid us 5 per cent., and for — h they are to pay so longas itruns 4 per cent. rhe security for this is: 21,000,000 acres of land worth, by Mr. McLeod’s estimate, $42,000,000, and the whole road and property of the com any, sub- Ject to a co-claim of the bondholders in onion to the extent of $15,000,000. The road and branches is 3,991 miles in length, speondialy equipped, solidiy built, The fixed charges, including interest on its stock till 1893. interest on its $35,000,000 bonds, interest and rental! on acquired and leased lines amount to $2,610,834 per year. The following has been its net revenue over and above working expenses :- Se Viinebcoe Sl Sie ee ss: 8 561,143 138 he. ceeccvcescceece iad elie 1,191,890 Wicks... A hhies si sexe 1,114,340 for 6 months. The estimate net revenue for the whole of 1885 19 $2,300,000 ; so that for the present yearit will pay all fixed charges, including interest on Goy- ernment loan, and have a slight surplus. Does that look like bankruptcy ? (Applause). —— > a+ eee — Nearly every cotton mill in Maine is DOW running at its full capacity ; and the mills of Canada are also well employ- ed. The outlook for cotten and woollen factories is good. Yet, people will be pleased to know prices continue to rule much lower than in the anti-N. P. days. _ Cuear Excursion ro Boston.—Special inducements are given by the International Steamship Compeny, St. John, to visit a a present season. Excursion teckets good to return up to October 15 will be sold for the fdllowion trips of the Inter- national steamers : Wednesday, Sept. 23rd; Friday, Sept. 25th, and Monday, Sept. 28th. There are several notable attractions at the Hubat present. The Mystic Park races «ré to take place September 30th, and there is now on daily exhibition the wonder- ful cyclorama of the batile of Gettysburg which is said to be one of the most re- Companny citizens | kindness to this Company in the way of /Company have desired to express their ‘ingly pleasant and successful one, and the | a8 the scores below will show, = The Target. Yesterpay the Charlottetown Engineer met at the Kensington Rifle Range for their annual rifle practice. The who have hitherto showed their prize giving, have this year again ‘‘ toed the mark,” and to them the officers of the appreciation, The meeting was an exceed- shooting for a Company remarkably good, The wind blew very freshly, and as most of the shooting had to be done from the knee and standing positions, made it diffi eult to hold the rifle steady. The ranges were as follows :— 200 yards— 5 shots, standing—possible 20, 400 yards—10 shots, kneeling-—possi- ble 40 500 yards possible 20, 5 shots, any military position Capt Macdougall, 65 pts, $5 —Presented by a Friend. Sergt Davison, 55 pts, Sapper Longworth, Horne. Sapper Heartz, 55 pts, season ticket for Roller Rink—C. V. McGregor. Sapper White, 53 pts, $2—Horace, Has- gird, Esq Corpl Sterns, 51 pts, (). M.S. Grey, 50 pts, Newson, Eeq Major Dogherty, 48 pts meerschaum pipe- Lawrence Watson, Esq. Sergt-Major Moore, 47 pts, Lieut Weeks, 46 pts, box cigars—A. N. Large, Esq. Sapper Brown, 46 pts, $1— D. Nicholson, Esq. inoee Gates, 46 pts, Good Luck—Wm, Hickey, Esq. Sapper Wakeling, 45 pts, military shirt— Reid Bros, Corpl Cameron, 45 Wright & Co. Lieut Horne, 45 pts, box cigars—Carvell Bros Sergt Hooper, 44 pts, photo frame G. F. Beer, Esq. Sapper Hickey, 42 pts, pair boots—Benj Hooper, Esq Sapper Burhoe, 41 pts, 4 doz silver spoous— Jas. Walsh, Esq. Sapper Mclatyre, John Quirk, Esq. Sapper T Taylor,36 pts,silk handkerchief— W. A. Weeks & Co. Sapper Anderson, 34 pts, Razor—Norton Bros. Sapper Rowe, 34 pts, Moustache Cup—G. H. Hazard, Sapper S. McDonald, 33 McLeod, & Co. Sapper Cooper, 31 pta, Silk Handkerchief— W. A Weeks & Co. Sapper Camphell, 28 pts, Kid Gloves—W. A. Weeks & Co. Sapper Higgs, 27 pts, Box Apples—Fredk. Curtis. Corp! Mitchell, 26 pts, Cigar Hu lder—D.0, M. Reddin. Sapper McArthur, 25 pts, Russian Leather Pocket Book—A Friend. Sapper D. McDonald, 25 pts, Tea Pot S. W. Crabbe. Drummer Stair, Goff. Sapper McNeil, 22 Sapper Carvell, Bros. Sapper Good, 20 pts, Brush—aA Friend. Five others fired who obtained no prizes. The choice of prizes were given to each competitor in the order in which ho stood in the prize list. $5—A friend. 55 pts, $4—Lieut $2—Capt Hickey. wall pocket—John | i pts, cromo— Mark 41 pts, box biscuits— pts, Hat— John 92 «wv pts, Lamp—Beer & pts, Cane— A Frieud. 20 pts, Bucket—-Norton LEDTERS T6 THE EDITOR. Colonial and Indisn Exhibition. Sir,—The Maritime Province of Prince Edward Island, endowed, as she is, by nature with productiveness, beauty, and healthful influences, and asking, as she doer, only the opportunity to practically show to the world her capabilities and her resources, ought to ‘‘rise as one man” to share with Sir Charles Tupper and his pro- vincial agents, the magnificent results that representation next year in London will bescow upon the Dominion of Canada as the eldest daughter of the Imperial Crown of England. Sir Charles Tupper is em- phatically the right man in the rizht place, when he comes to the front of this gigantic undertaking to fully and effectively organize for an exposition that is once for all to reveal the ‘‘ true inwardness” of our nation- ally important Confederation of Provinces, estimated to contain some three and a half millions of square miles, and to be alive with the industrigs of 2 brave and powerful host of some five million souls. Sir Charles Tupper, with his wonted energy and depth of perception, is marshalling his agents of Provinces, and instructing the people of every section of industrial life, what to do and how to do it. He appeals to commerce, to agriculture and Industrial pursuit-, to give evidence of their greatness. He says to the mines, the forests, and the waters, yield your products, for the world wants totake a look at them. He asks for the ear of every teacher, preacher and friend of the people, that he may fill them with the good news of this great opportun- ity: He knows that every man hasan in. terest to serve, and, believes that all will gladly seize this golden opportunity to be- come known, to be appreciated and in due season to reap the reward. The Province of Prince Edward Island has an area of 2133 square miles, and about 120,000 inhabitants, who are proud of their Island home. Of this fertile field of pro- duction; of the teeming waters that ebb and flow around it; of the handy works and ways of her intelligent and religious people, shall we ask in vain for representa- tion (along with her sister provinces) as part and parcel of the great Canadian nation? Wethink not. But, to be some- thing we must do something, for we cannot shirk and profit both together. We must awake in our midst an energetic interest jn the manifest duty of revealing ourself at the great London Exposition of 1886; then we shall be held worthy of the considera- tion we claim, and become richer, wiser and better for the effort. C. B. Bagsrer. ALt folks tronbled with weak stomachs are requestod to call at the Union House to get seme of those beautiful Narrows Ovsters on markable triumphs of mod ~— rege p modern art.—<St. Sept 21 Sept 22 cE Subscriber offers for sale to the trade Cheap for Cash or Approved AOI a i > Nh ns 8 sa SHIP NEWS. PORT OF CHAKLUTTETOWN. ENTERED, Merry May, McKay, Rustico, mack- erel; E Brown, Richards, Grand River, sand, Minnie R, MeKenzie, McNeill, Sya- ney, coal; Two Sisters, Daley, Mrrray Har- bor via Pictou, 589 cases lobsters, 50 do mack rel; Ranger, Matatall, Tatamagouche, | building stone. CLEAKED Sept 21—Annie Danean, Power, Sydney, bal; Merry May, McKay, Picton, do. FALL OPENING. STANLEY BROTHERS BROWN’S BLOCK, Opposite Market House, A RE Now Opening : MILLINERY G)OD3, DRE3S GOODS, MANTLE AND ULSTER CLOTHS, FELT AND STRAW HATS AND SHAPES. Knitting Yarns, all kinds, Berlin Wools, Andalusian Wools, Shetland Wools, Silk Arasene, Wool Arasene, Tinsel Crewel Wools, Crewel Silks, Fancy Drops, &¢., for Fancy Work, AND— A Full Stock of Staples | Balance of Stock Arriving Daily, R. PALMER Sashes. Doors, Window and Door Fran Jig and Fret Sawing, Turning, &c. All kinds of Gothic Windows for Church¢ Oh’town, Sept 22, 1885—wkly 1 year ER 22 nes. Architraves, Spouting | Moulding*, Bullusters, Newel Posts, Siair Rails, Twists, & ’ We are prepared to do all kinés of Jobbing, in Planing, Jointing, Morticing, Tenoning, *s made al shortest notice CHARLOTTE SL AFD DOOR FACTORY | Penke’s No. 3 Wharf, & She nioomert We are now manufacturing and wil! sell at the lowest cash prices: PROPRIETORS. and Couductor With new and first-class Machinery, aad the latest appliances, we can insure the ulmost satisfaction to al! who favor us with their patronage. No. —_ 34 AND FLOWERS, TWEED, &e Next Door to Ch’town, Sept. 21—wkly | NEW Manitobiu : } ad nner 4a8 STANLEY BROTHERS Cn’town, Sept. 22, '85—3i a wk Browa’s Block, Opposite Market House HATS, HATS, HATS LARGE STOCK of American &< lich Hard and Soft Felts, VERY CHEAP, cok Ti. STANLEY BROS. Ch’town, Sept. 22~ 3i a wk GREAMERY BUTTER | am oes TWESTY-FOUR CROCKS and Eng- - OF Choice Creamery Butter, FOR SALE AT BUER & GOFPS. Sept. 21, ’85. SHINGLES. B* Auction, TUESDAY 22nd September, at 6 o'clock, at St. Joseph’s Convent, Pownal Street :—- 75,000 N. B. CEDAR SHINGLES. A. McNEILL, Auctioneer. Ch’town, Sept. 22, 1885. APPLES, &C. Y¥ Auction, WEDNESDAY, Sept. 23rd, at 11 o’clock, 50 barrels choice GRAV- ENSTRINS, &e, Also: FRUIT, Ex Boston Steamers, A. McNEILL, sep22 Auctioneer, WIOLASSES e _ 00 Puncheons Choice Bar. hadoss Molasses, Paper. the half-shell—likewise by the barrel or gallon. se wud Jw Ch'town, Ang, 28—~dwke tne & fri OWEN CONNOLLY, } ( . ——AT LENBEN HEUS#! jTWEREDS, BEAVER= - AND ULSTER The balance of my stock expected daily. BROWN, Messrs. Beer & Goff. 83 Queen Street. $ Qf nme conn EAST UNSTALGAGAT GF AUTOM & WIRTEA GOODS. UST opened, a large assortment of the Latest Novelties, in 1 © e LADIES DRESS GOODS, MANTLES, 'TRIMMED BONNETS AND HATS, FEATHERS MANTLE CLOTHS, 9 fi PD bs IM BBR. —_-—— --- 0 = GOODS! viiftea now Opening THE-—— 3 WORSTED COATINGS; | PILOTS, CASHMERES, WINCHY Ch’town, Sept. 7, 1885. Ss, FRENCH MERINOEHES, CRETONNES;, PRINTS. C20, DAVIES & CoO. SCOTCH TWEEDS, Famous SCOTCH SUITINGS, Nobby SCOTCH TARTANS, Nice, SCOTCH DRESS GOODS, S SCOTCH SHIRTINGS, Stror SCOTCH TABLE LINENS. SCOTCH CRASH, Thisties, SCOTCH CHEVIOTS, Splen SCOTCH WINCEYS. Cheap, OTHER SCOTCH GOODS, \ Sales not contined to Scotchmen—al] | the Goods, | P, 8.—OQur LONDON GOODS will be Ch’town, Sept. 7th, ’85-—-wky BOSTON STEAMERS. | j (CHANGE OF TIME.) Carroll and Worcester, Nand after THURSDAY, Int October, | the hour of sailing from Charlottetown | willbe 4 6 cleck, pm. CARVEUL BROs., : Agents, Ch’town, Sept. 19—2wks pat her s pis | Vessels For Sale. FYNHE fast-sailine pink “HECTOR,” 35) # tons (carries 60 tons coal) will be sold low for cash, This vessel was thoroughly | new-topped in *82, and is in all respects a | gi od vessel. Also, for Sale the 22 tons, Both these vessels can be sent to sea with- out expense. Apply to PETER PAINT & SONS, Sehr, “PRIMROSE,” Port Hawkesbury, C, B., Sep, 2, 37 id SCOTCH SHAWLS AND WARPS, tylish, Ig, SCOTCH TOWELINGS, Rongh, Genuine, Warm, did, arious. are Wele ime ready this week. Prices Low ! EW SCOTCH GOODS | NOW OPENING, fp RECT FROM GLASGOW, BOUGHT BY A SCOTCHMAN-—MR. PATON :— Call and see WHEES & Co., Market Square and Queen &t, W.R. BOREHAM -WITLL— For a Few Days Longer, —GIVE— on his stock of Boots and from now until that cepted.) This ig a Ger make room for fal! goods, Fig 5 Eee eres Remember the pleee : ‘A Discount of 20 per Gent, Shoes purchased date (rubber goods ¢x- ‘mine Redaction, in order to ONLY. Sign of the BL! Pu iNT, Uraftor: Street, September 1—tu fri ti Uharlottetown, 1885. GRAND Covonial Exbibition in London, Ti , L886. FIFTY FOUR THOUSAND PEEP RESERVED FOR CANADA FIRST ROYAL EXHIBITION Coy. MISSION SINCE 1862. tee THE COLONTAL AND INDIAN EXHIBIT > I to be held in LONDON, England, consul ing MAY Ist, 1886, is intended to be on & scale of great magnitude, having for object to merk an epoch in the relations of all the parts of th Briiish Empire with each other. : * the In order to significance to the give becoming event, a Royal Commission is issued for the hold. ing of this exhibition for the first time since 1869 and His Koyal Highness th a Prince of W ; been appointed ire by Hey Majentmt il hes The very large space of 54.090 square feet has been alloted to the Dominion of © nada by con: mand of the President, His Royal Highness, This Exhibition is to be purely Colonial and Indian, and no competition from the United Kingdom or from foreign rations will be per- mitted, the object being to exhibit to the world at large what the Colonies can do. The grandest opportunity ever offered toWRn- ada is thus afforded to show the distinguished place she occupies, by the progress she has made in Agriculture, in Horticulture, ip the industrial and Fine Arts,in the Manufacturing Industries in the Newest Inmiprovements in Manufacturing Machinery, and Implements, in Public Works by Models and Designs; alsoin an adequate displae of her vast resources in the Fisheries, and in Forest and Mineral wealth, and also in Shippiag All Canadians of all parties and classes are in- vited to come forward and vie with each other in endeavoring on this great occasion to put Canada in her true place as the premier colony of the British Empire, and to establish her proper pogi- tion before the world. Every farmer, every producer, and every manu- facturer, has interest in assisting, it having been already demonstrated that extension of trade always follows such efforts, By order, JOHN LOWE, See. of the Dept. of Agriculture, Ottawa, Ist Sept., 1885 | sident sep222wks Dissolving View Euteitainment Ww L, be given in the NEW TEMPRR. ANCE HALL, over J. D. Meljeoa's Store (entrance on Queen * treet), r ; i Ou Tuesday Evening, the 22d, AT 8 O'C'OCK, comprising Views in Natural Historv, Staty- ary, Naval Scenes, Machinery in Motion, Scenery, Comic Views, *c., &e Tickets, 10 Cents, at the dvuor. Ch’town, Sept. 21, 85-2) G. H. HASZARD, _ H. HASZARD, BROWN’S BLOCK, QUEEN SQUARE, DS BOOK BLN DING in all its branches and at moderate prices, We do not pretend to be the only ones in the city that can do Gilt Kdges, but also if yeu want A HANDSOM! GILT SiDk, as well as Gilt Edge cn your “ Pictureeqne Canad,” or any other kiad of book, bring it to G. H. HASZARD, Ch town, Sept. 12. "85 - EDWARD M. ARCHIBALD, Shipping ond Commission Merchant, $1, 83 & 85 WATER STREET, ST. JOHN’S, NF Ample wharfave, ya-dag ym 2 e, and storage roc couments soucit'd Liberal advances made on ecelps of oon ig” menta sept. 9, “sD tl ad c3 SS 37 ® z Si, was) e 4 ‘osT--On the 20th inst., between Zion 4 Chure!. and St. James’ (hurch, a small gold Brooch, attached to a piece of black lace, ihe finder will pieas® icave it at Tue Ex- AMINER cflice. sept2l O*T—Near C. D. Rankin’s Drag Store, @ 4 sum of Money. in two notes. The firder will be rewarded by leaving it at THE EXAMINER office, sep'9 Ay ANTED—A Cock ag ae \ sepl7 dipd Gray, Inkerman House. sine JOTICE 10 TAXPAYE.S.—I hereby iN give notice that all Taxes due the City, and unpaid by the 30ch of september, imstans, will be advertised according to law, —F. 5. Chandier, City Collector seplé tl dte ; O LET For six months, from Ist Now,8 furnished House, with use of horse Cow. Apply at this office sepl2 gor SA ti j of Land, 85 by 4j, situated on ‘treat i corge Street, neat Post Office ; $500. j he w h Je buildivg on same worth about ean be had for $1350 by : ad ‘ apply ing at EXAMINER clilice, sepy Imo ileal iit i i casi neers OARDERS—Two or three gentlemen lady Boarders maj find comfo -ing to Mrs. Willem accommodation by apply ; ihe ~*~ Das Kennedy, Brick House, Hillsborough Park. ISS STEWART, sept? tf ea tele having spent some i! time under the musical tuition of one of the best German masters ‘2D the old coud try, is now prepared to take a limited —Z of alvanced pupils. For the present she be-scen at Dr. Jvlinson’s, Kent street, aug27 8i eod pa TET young man 2 Clerk val (" Dorsey, G ff & 0. Warten Boot Store a BOARDERS dated in # private diniag and bedroems ; terms moderate. Apply office, * an be comfortably accommo- family, with parloat, situation he v> at THE —s a SOR SALE.—A two-wheeled Bughial H Cart, in Z od order; & bargals 5 exchange for # Phawton. Apply to i nut, Bank of Nova Scotia aug ee ee oe and EETANTED Immediately “3 Cook ; \ ¥ fldousemal Good reference oo 4 Apply af tthe (xXaMINeR Orne. 1 ae : _ —_——— -_—_—_—— —— or ; Ooxs ya LT oiteb'e - R ix ‘Sarepic Rooms, Mnguire © i i a 1 Boreham, Uratiton ~treet ee ne — on ae r Ye yous To LET- os taining five Fae : np wee ma om hU CO Oe ee Ot ee ome ot SF we > a pf Bm