It is the Canadian
Northern Montreal Land Company, Limited. In the West it is the Canadian Northern Prairie Land Company, in other places it is the Canadian Northern Terminal Company, in some places it is the Canadian Northern Hotel Company, or it is the Canadian Northern Alberta Railway Company, in others it is the Canadian Northern Western Railway Company; but in all of the enterprises which belong to Mackenzie and Mann you will find that the name Canadian Northern is used. I refer the
(Mr. Pugsley. 1
Solicitor General to the people of Montreal if he requires any further evidence in favour of the contention that it is the townsite of the Canadian Northern Railway Company. There is the fact that Mackenzie and Mann interests acquired the land, and" the further fact that it is the Canadian Northern Railway enterprise that makes it valuable; the fact that the Canadian Northern engineers laid out the townsite, and the fact that it is owned by the Canadian Northern Railway Montreal Land Company, and that Davidson and MacRae, who, as I have said, are the agents for all Canadian Northern land interests, both town and country, are the general agents for this townsite, and its office is in the building in Montreal which is owned by the Canadian Northern Railway Company. Let me say to my hon. friend that I differ entirely from him and from the Prime Minister, who has stated that Messrs. Mackenzie and Mann are entitled to their lands, and that they are not bound to hand them over to the Canadian Northern Railway Company or to the Government. I think my hon. friend said that they are as much entitled to their lands as the member for St. John is entitled to land in which he may be interested in the Northwest. The case is altogether different frofn that of a private individual. Mackenzie and Mann are the Canadian Northern Railway Company. Who own
that company? Is it not the men who own the stock? It is not the men who own the securities, it is not the men who hold mortgage bonds upon the road, because the latter have no voting powers. The men who ow'n the company, who are the company, are the men who own the stock; and up to last year, when the Government took over 87,000,000 stock of this company in consideration of a grant of $16,000,000. Mackenzie and Mann owned all the capital stock of the Canadian Northern Railway Company. Now, Sir, I maintain that it was the duty of these men, coming to the provinces, coming to the federal Government year after year and getting land grants, bonuses and bond guarantees for the construction of the road, to take the town-sites in the name of and for the benefit of the Canadian Northern Railway Company, and as security for the Dominion and the provinces who are aiding so liberally this undertaking. They did not do that, they took the land for these townsites in their own name, in the name of Mackenzie, Mann and Company, Limited. But our
argument is that while they took the town-sites in their own name, they belonged to the Canadian Northern Railway undertaking, and it was a simple matter of duty for them, coming as they have come for the fourth time during the last four years to this Government and asking aid to the extent of $45,000,000, to put in all these townsites, not only the townsites in the prairie provinces and British Columbia, but this townsite at Montreal and all the other townsites in which they are interested and which have been given any value by reason of the building of the Canadian Northern railway, to turn them in and give the country security upon them. That they have not done. It appears that the Government have not asked them to do it. It appears that the Government have simply taken those securities which they chose to offer to the Government and have not asked for these valuable securities, which they have kept entirely outside of the company and entirely outside of the Government security.
My hon. friend the Postmaster General (Mr. Pelletier) says that my right hon. friend the leader of the Opposition (Sir Wilfrid Laurier) is wrong in stating that the Government has put in the bulk of the money, or practically all the money, for this undertaking. He says that Messrs. Mackenzie, Mann and Company, Limited, have raised some $174,000,000 on securities which have not been guaranteed by the Governments of the Dominion or the provinces. But is it not true that when the Government to-day are asking the people of Canada to guarantee these $45,000,000 of bonds which stand below and after all the securities now existing against the Canadian Northern and its subsidiary companies, practically the Government is assuming responsibility for all the securities which are already issued against the undertaking. If the Government should unfortunately be called upon to make good its guarantees it will have to make good all the securities already standing against the enterprise or eke pay over this $45,000,000, lose the amount entirely, and let the road go to the people who are holding the securities which stand ahead of these guaranteed by the Government. That is the position that the country is in to-day.