Trains of Recollection: Drawn from Fifty Years of Railway Service in Scotland and Canada, and told to Arthur HawkesHanna, D. B. (David Blyth)
History
Trains of Recollection: Drawn from Fifty Years of Railway Service in Scotland and Canada, and told to Arthur Hawkes
Hanna, D. B. (David Blyth)
Canadian National Railways; Railroads -- Canada; Railroads -- Scotland
“No; I haven’t been to Sao Paulo, either; but I’ve taken a million
dollars out of there within the last three years.”
He told of having received an offer from the Grand Trunk to buy the
Canadian Northern at the time the Grand Trunk Pacific scheme was
brewing, and of refusing it, though there would have been millions of
dollars in it for himself and his partner.
“Why didn’t you sell out?” his guest asked.
“I like building railroads,” was the simple, truthful, profound
answer.
The money-grubber doesn’t talk that way. He doesn’t act as Mackenzie
and Mann always acted.
Many of us, who never had personal control of millions of dollars,
and to whom a moderate fortune is a hunger to be eagerly appeased,
and a divinity to be constantly adored, cannot conceive of the
possession of money being a mere adjunct to those who do great
things through their capacity for changing other people’s money into
enormous vehicles of commerce.
The money-making side of Mackenzie and Mann, the Canadians, was,
if you like, what the penchant for fussing with detectors and
amplifiers is to the radio fan. He’s after the result--the miracle
of the perfectly reproduced voice, singing a thousand miles away. He
cannot get his result by being indifferent to the peculiarities of
the squeal that precedes the tone.
Mackenzie and Mann could not have built and acquired approximately
ten thousand miles of railways by preaching altruism and despising
the money market. They could not have done it if their sole
propulsion came from love of money for money’s sake.
As construction contractors they would have piled up huge profits;
and would have got out when the getting was good. As this is written
the Mackenzie estate is being realized for the heirs. Without knowing
anything of the details, I think it can be predicted that the
popular notion that Sir William piled up fabulous wealth out of the
opportunities furnished by Government guarantees, and construction
contracts let to himself at his own price, will prove to be as vain
as some of the other current delusions about him.
From time to time, base and baseless charges were made to the effect
that moneys raised in London for railway construction were used
for other purposes, and that excessive contractors’ profits were
selfishly provided for. Two grosser libels were never perpetrated.
The first is merely absurd. The second is almost equally so when
the costs of construction per mile of the Grand Trunk Pacific and
National Transcontinental and the Canadian Northern are compared.
Public-domain text, read in full here on John Shaqi.
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