. Canada: an encyclopædia of the country; the Canadian dominion considered in its historic relations, its natural resources, its material progress and its national development, by a corps of eminent writers and specialists. ion or by any Province created by it, ex-cept in a direction south-»vest or west of south-west. Out of this latter clause in the bargain subse-quent trouble arose. The Government of Mani-toba insisted on its right to charter roads in theproscribed direction, and did subsidize an Ameri-can railway company to build a branch road fromMinnesota into Winnipeg and elsewhere in Ma
. Canada: an encyclopædia of the country; the Canadian dominion considered in its historic relations, its natural resources, its material progress and its national development, by a corps of eminent writers and specialists. ion or by any Province created by it, ex-cept in a direction south-»vest or west of south-west. Out of this latter clause in the bargain subse-quent trouble arose. The Government of Mani-toba insisted on its right to charter roads in theproscribed direction, and did subsidize an Ameri-can railway company to build a branch road fromMinnesota into Winnipeg and elsewhere in Mani-toba, contending that Manitoba, being a Province in full possession of its provincial rights as de-fined by the British North America Act—theconstitution of the Dominion and therefore theAct regulating and restraining the power of theDominion—could not be deprived of any right orrestrained in the exercise of it by a bargain be-tween the Federal Government and other partieswithout the assent of Manitoba being given tosuch bargain. This quarrel was not confined tothe two parties in Manitoba, where at one timeit threatened to lead to actual violence, but forceditself into the arena of Federal politics, where it. Lord Moum-Stephen was at last happily adjusted by the CanadianPacific surrendering some of its monopoly rightsin return for certain Government assistance ofwhich it was then in need. On Parliament ratifyingthe agreement for the construction of the trans-continental road the Syndicate formed a Com-pany, the original capital of which was $5,000,000issued at par. This was increased on May 10,1882, to $25,000,000, the $20,000,000 new stockbeing allotted to existing shareholders at 25 percent, of par. On November 28th, 1882, the capi- CANADA: AX :DIA. 59 tal was increased to $100,000,000, and $40,000,000of the increase was sold at an average price of 52per cent.; the balance was deposited with theDominion Government. In 1885 the $35,000,000so deposited was ca
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