France gives this bounty--and quite rightly--as a protection to her sailors. A similar protection to England's fishermen would not be permitted by the Manchester men. The other way is to build a railroad connecting the mining and agricultural districts along the French shore with Port aux Basques. Of course I do not mean such railroads as are built in England. They have been taxed to the extent of more than seventy millions of pounds sterling over and above the real value of the land sold to them by the rapacious land monopolists. They have been taxed to the extent of many millions more for legal expenses, which, if the House of Commons were equal to its duties, could have been saved. They have been taxed in many cases to find sinecure berths for the dependants of rich men; and so, in order to pay a fair dividend to their stockholders, they must reduce wages to the lowest point, and screw the utmost penny out of their customers. It is, then, the American way which I recommend as a model, and which the Newfoundland government have tried to imitate in their contract with Mr. Reid, of Montreal. They could have made a far more advantageous contract with him if England had done her duty; but neither Mr. Reid nor Newfoundland is to be blamed for England's fault. The contract signed on May 16, 1893, by Mr. R.G. Reid binds him to construct a line about five hundred miles in length, connecting Placentia Junction and the chief eastern ports of Newfoundland with Port aux Basques, and to operate this line as well as the Placentia Branch Railway for a period of ten years, commencing Sept. 1, 1893. After that the line is to become the property of the Newfoundland government, and will be an interesting experiment in the State ownership of railroads. For every mile of single 42-inch gauge built by Mr. Reid he is to receive the sum of $15,600 in Newfoundland government bonds, bearing interest at 3-1/2 per cent., and eight square miles of land. The increase in rental value of this land will give a large revenue, even if the line should not pay its working expenses. The land grant for 500 miles of railroad would amount to 2,500,000 acres. If Newfoundland were one of the United States, capital enough would be subscribed to enable Mr. Reid to finish his contract in the allotted time; but, as it is under England, and must therefore suffer from the awful burden of England's diplomatic incapacity, capital holds aloof from it. Where does British money go? The Tory of 1878 sang,-- "We don't want to fight; But, by jingo, if we do, We've got the ships, we've got the men, We've got the money, too." It is interesting to see how that money, which is withheld from Britain's oldest colony, has been spent.