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
We can say at once, in explanation of the financial struggles before
mentioned, that the Canadian Pacific Railway was constructed to a finish
across Canada in a period of monetary storm and stress. Leaving out of
count the early years when the successive Governments were building
short stretches here and there, in a way so leisurely that no financial
difficulties occurred, beyond the ordinary impecuniosity which haunts
all Governments, the period from 1881 to 1885 was pre-eminently a
difficult time. During those years everybody was having what men on the
prairies call “hard sledding”—an expression taken from the experience
of travel with sleighs when the thaw has left bare patches on the
plains. On those patches the sleigh runners catch with a disheartening
tenacity and impede progress. At such junctures it is fortunate if there
are several men travelling together, because by “doubling up” their
teams, they can get over the otherwise impossible gap. Life is full of
opportunities for mutual helpfulness, and the great railway which now
spans the continent and bridges the oceans found itself more than once,
in the construction period above mentioned, at the end of its resources
and had to call on the Dominion Government for temporary assistance. It
was a case where “doubling up” became necessary if the hard places were
to be traversed. We are not sure that the Government was as willing and
ready to assist as the ordinary good-natured and open-hearted teamster
used to be on the prairie. But even a Government, which should be
cautious because it handles trust funds for the people, may be brought
to see when an unforeseen expenditure can be and must be made, in the
interests of the people themselves. In this particular case of the
Dominion Government and the Canadian Pacific Railway the Government
would not and did not at any time give even a temporary loan till it had
made the most exhaustive investigation into the whole problem. There are
some facts so outstanding that even a superficial investigation could
find, without much delay, why the Company required and deserved
temporary assistance by way of loan during the construction period in a
trying era.
Public-domain text, read in full here on John Shaqi.
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