Ontario -- Description and travel; Ontario -- History
Our young women go off to some training hospital, get a diploma after
three years’ voluntary service, and set up as trained nurses. As such,
when they get employment, they make from ten to twenty-five dollars per
week, with their board and lodging. There is no manner of doubt but
these nurses are exceedingly useful in the sick chamber. More of our
young women, too, become telegraph operators, type-writers, ticket
sellers and stenographers, all very much detrimental to woman’s proper
sphere as the “queen of the home” and the wife of a faithful husband.
Chicago, Ill., alone contains one hundred thousand Canadians. In our
very, very free schools and colleges we educate young men and women by
the tens of thousands, very many of whom, as in the case of those in
Chicago, leave us for the United States. Such expatriated young men and
women are lost to us forever after, much to our sorrow.
* * * * *
In a former chapter it is said that our two great railways in
Canada--the Grand Trunk and the Canadian Pacific--were built by
capitalists. While that remark is quite true, let us look about a moment
and see how some of these large fortunes have been made at a stroke.
Here is an instance: A manager of a Canadian bank, which commands many
millions of dollars of capital, was once a Hudson’s Bay Company factor.
Well, one day a brother Hudson’s Bay factor, happening to be in St.
Paul, Minnesota, discovered that the St. Paul and Manitoba Railway,
which ran from St. Paul to the boundary line, was at low ebb--that is,
its stock was selling at exceedingly low prices. On arriving in Montreal
he reported this to the bank manager. They then borrowed some five
millions of dollars from the bank, and the ex-Hudson’s Bay factor made
his way to New York. On the open stock market he and his brokers bought
all the St. Paul and Manitoba railway stock in sight, at an almost
ridiculously low figure. Back to Montreal he came, and then a railway
from Winnipeg to the boundary line, to meet the St. Paul and Manitoba
railway, was proposed and arranged. Such news naturally quickly spread,
and the St. Paul and Manitoba railway stock became in immediate demand.
The quotation went up higher, began to boom, got to par, and soon went
away beyond, netting some millions of dollars for both the factor and
the bank manager. To repay the bank loan was a very easy matter, and
everybody was happy. Such cases are, however, rare in Canada. Canadians
are a slower, surer-going people, without the “slap-dash” of their
American cousins, though now and again they will take some chances. An
incident will serve to show this:
Public-domain text, read in full here on John Shaqi.
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