The fiscal policy having been settled, Sir John Macdonald again turned his attention to the problem of a railway to the Pacific. The Liberal Government, on the ground that the agreement with British Columbia to build the road within ten years was impossible of fulfilment, had not considered Canada bound by it, but had decided to build the railway, not by means of a private company, but as a government work, and to construct it gradually in sections as the progress of settlement and the state of the public treasury might warrant. Sir John Macdonald rejected this piecemeal {119} policy, and resolved to carry out the original scheme of a great national highway across the continent, to be built as rapidly as possible so as to open up quickly the resources of the Great West. In the summer of 1880, accompanied by three of his colleagues--Tupper, Pope, and Macpherson--Macdonald visited England for the purpose of inducing capitalists to take hold of the enterprise. After much negotiation they were successful, and on September 14, 1880, an agreement for the construction of the Canadian Pacific Railway was signed in London. The company was to receive $25,000,000 and 25,000,000 acres of land in alternate blocks on each side of the railway running from Winnipeg to Jasper House at the Rockies. The line was to be completed by May 1, 1891, and the company was to deposit one million dollars as evidencing its ability to carry out the bargain. The contract was finally executed at Ottawa on October 21, 1880. Parliament was then summoned in order to ratify what the Government had done. The contract was fiercely opposed. The Opposition denounced the terms as extravagant, as beyond the resources of the country, {120} and as certain to involve financial disaster. Blake affirmed that the road would never pay for the grease for the wheels of the engines that would pass over it, and appealed to his fellow-members not to throw the hard-earned money of the people of Canada 'down the gorges of British Columbia.' A rival company was hurriedly got up which offered to build the railway on much more moderate terms. The _bona fides_ of this opposition company or 'syndicate' was much doubted, and, in any event, the proposal came too late. The Government was bound to stand by its bargain, which was defended with great power by Sir John Macdonald, Sir Charles Tupper, and others. At length, by a vote of 128 to 49, the House of Commons ratified the contract, which passed the Senate a few days later, and became incorporated in an Act of Parliament assented to on February 15, 1881.