The manager of the railroad tells me that the Newfoundland line is unique in that its passenger revenues exceed its freight earnings. The reason for this is that most of the people live near the sea, and the bulk of freight goes by water. On the cross country route there are many steep grades, for the interior is hilly, although the highest point on the island is only two thousand feet above sea level. The railroad skirts the shores of hundreds of lakes, of which Newfoundland has more than it has found time to count. It is estimated that one third of the land lies under water. I met a man to-day, just returned from a hunting trip forty miles inland, who told me that he had stood on a hilltop and counted one hundred lakes and ponds in plain sight. He has a friend who has fished in no less than forty different ponds within a half mile of his camp. Grand Lake, on the west side, is more than fifty-six miles long, and two others are nearly as large. American sportsmen have already discovered in Newfoundland hunting and fishing grounds that rival those of Canada, and some of our rich Americans have permanent camps along the rivers and streams on the south and the west coasts, to which they come every summer for salmon. The railroad manager promises that if I will take the train across country I shall see herds of caribou from the car window. Much of the land along the railway has been burned over, but nevertheless the country has ten thousand square miles of well-timbered land, worth as it stands five hundred million dollars. Some is being cut for lumber, and more for mine props that go to England and Wales. The chief use of the forests at present is to furnish pulp wood for news print. Lord Northcliffe built at Grand Falls a six-million-dollar plant, operated by water-power, to supply his newspapers and magazines, and an even larger project, to cost twenty-five million dollars, is now under way at the mouth of the Humber River, on the west coast. The scenery there is much like that of the fiords of Norway. The chief agricultural development of Newfoundland is on the west side of the island, where stock is raised successfully and wintered outdoors. This section of the country has produced as much as three million pounds of beef or three times as much as the amount imported. Newfoundland is not primarily, however, an agricultural country. The efforts of the people have always centred largely on fishing and related industries. Newfoundland has had its gold fevers, especially on the coast of Labrador, which it owns. So far, these have amounted to nothing. But it has one of the world’s largest iron deposits, and at one time this country was an important producer of copper. It suffers commercially from its handicaps in the way of transportation, and also because of its limited supply of capital.