Each group of participating principals paid its own costs, but the Government bore the cost of taking the evidence.
The Dominion Government is perfecting a plan whereby the “C.N.R.” will be operated as a corporation under a board of directors to be appointed by the Government. Time will tell if this method reaches fruition.
The total liabilities being taken over by the Government in connection with the “C.N.R.” are $438,264,377.67 and the assets sum up to $528,437,885.74.
Speaking for himself and also voicing the views of Sir Donald Mann and Third Vice-President D. B. Hanna, Sir William Mackenzie contended that the “C.N.R.” was destined to be an essential factor in the expansion of this country and that in the opinion of the transportation experts who had examined the situation, their properties would be particularly useful in the reconstruction days on which this land must soon enter. He said his associates had devoted the best of their years in developing the system to the present state of efficiency and confidently relied on the future to justify their work and estimates of values.
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As anticipated, since this resume was set in type, the Government of the Dominion of Canada has assumed control of the Canadian Northern Railway and operation of the system will at once be undertaken by a board of eight representative gentlemen with a practical and experienced railroader, Mr. D. B. Hanna, as President, who will have associated with him
Graham A. Bell, Major, Deputy Minister of Railways
A. J. Mitchell, Ottawa
E. R. Wood, Toronto, Capitalist
Robert Hobson, Hamilton, Ironmaster
Frank P. Jones, Montreal, Manager Canada Cement Company
A. T. Riley, Winnipeg, Financier
C. M. Hamilton, Weyburn, Sask., Agriculturist
A TENDERFOOT IN TEMISKAMING
And the silent places beyond awaiting the iron horse
