Canada and NewfoundlandCarpenter, Frank G. (Frank George)
History
Canada and Newfoundland
Carpenter, Frank G. (Frank George)
Canada -- Description and travel; Newfoundland and Labrador -- Description and travel
Americans control nine tenths of the automobile accessory business
of Canada, and in their branch plants they make three fifths of the
Dominion’s automobiles. Practically all of our well known firms devoted
to low and moderate priced cars have big factories in Canada, and they
do practically all their exporting to Australia, New Zealand, Great
Britain, and South Africa through their Canadian branch plants. This
export business amounts to more than twenty-five million dollars a
year, while the cars made here for the Canadian market represent a
value three times as great.
In other lines American capital is conspicuous. Half of the Canadian
rubber factories are owned by Americans, and nearly half of the meat
packing, paint, brass, condensed milk, car construction, and electrical
apparatus industries represent American money. American controlled
concerns do more than half of all the oil refining, while two hundred
and fifty million dollars of our money is invested in the pulp and
paper industry.
Altogether, it is estimated that American investments in government
loans, corporation bonds, land mortgages, and industrial enterprises
amount to two thousand five hundred million dollars. Our stake in
Canada has been increasing rapidly ever since 1914, and now it nearly
equals that of the British. Within a few years it will probably be much
greater. Nearly one sixth of all the money we have invested in foreign
countries is in Canada, and in return for the capital Canada is now
buying from us more than three fifths of her annual thousand million
dollar purchases abroad. In fact, her people are our best customers;
their purchases of us amount to eighty-three dollars per capita a year
as compared with five dollars for all Europe and fifty cents for China.
CHAPTER XIV
WATERFALLS THAT WORK FOR THE PEOPLE
How much do you pay for the electric current that lights your home and
runs your heater, vacuum cleaner, and washing machine? In Washington
I am charged ten cents a kilowatt hour, and unless you are especially
favourably located I venture your bills are figured at about the same
rate. To be sure, the monthly expense is not great, but wouldn’t you
feel free to use more electricity if your bills were cut down one half
or two thirds?
That is just what has happened to hundreds of thousands of people in
southern Ontario, and I have been devoting the last couple of days to
finding out how it was done. I have made a special trip from Toronto
to Niagara Falls, and am now writing almost in sight of those mighty
waters. I have visited the world’s biggest power station and talked
here also with the engineers of the Ontario Hydro-Electric Power
Commission, which sells the current to the public at cost. Again I am
impressed with the enterprise and the courage of the people of this
province, and the way they use their government to get what they want.
Public-domain text, read in full here on John Shaqi.
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