The romance of the Canadian Pacific RailwayMacBeth, R. G. (Roderick George)
History
The romance of the Canadian Pacific Railway
MacBeth, R. G. (Roderick George)
Canadian Pacific Railway Company
It was this great man, George Stephen, then, who became President of the
new Canadian Pacific Railway Company in 1880, and continued in that
responsible office for the eight most critical years of the company’s
struggle to live and conquer. On him, in the grim days ahead, was to
rest most heavily the burden of financing, although his cousin, Mr. D.
A. Smith, was forward in securing the help of financial magnates at
every opportunity. The time was to come when these two were to pledge
all their private possessions to keep the Canadian Pacific going on to
completion. I think it worth while to say here that none of these men
seemed to care about money as an end, although they appreciated its
value as a means to achievement. They had no reason to go into the
Canadian Pacific Railway undertaking to make money, for when they began
it they all had enough. In fact it is well known that some of them
demurred strongly at first for fear they would be left penniless in
their old age. But they were all amenable to the appeal for the building
of Canada, and that was sufficient. In this connection it is interesting
to recall that on May 26th, 1887, Mr. Smith (Strathcona) said in the
House of Commons, “The First Minister will bear me out when I say that
Sir George Stephen and the other members of the syndicate did not
approach the Government with regard to the building of the Canadian
Pacific Railway until the Government had tried in Europe and elsewhere
to get others to take it up, capable of carrying it through, but had not
succeeded in this. I say distinctly that the gentlemen who undertook the
charter, although at first unwilling to assume the responsibility,
ultimately consented, more with a view of assisting to open up the
country than from any expectation of gain to be derived from it.” It is
equally interesting to note, in this same connection, the attitude of
Mr. James J. Hill, who once wrote to an old Canadian friend saying, “I
think you know that I am not anxious about the money part of it. I am
sure I have all and more than all I will ever want and all that will be
good for those who come after me.”
Public-domain text, read in full here on John Shaqi.
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