. The ocean carrier; a history and analysis of the service and a discussion of the rates of ocean transportation . road clear across the American continent andsteamers extending it to the far limits of theChina coast. In 1898 two steamers were alsooperated to Vladivostok.^ In the companysreport for the year ending June 30, 1907, thefollowing fleet is reported: Canadian Pacific Steamships. Atlantic service 16 Pacific Coast service 11 British Columbia, Lake and River service 17 Pacific service 6 Upper Lake service (Great Lakes) 3 Ferry service 2 Total, all classes 55 That is to say, a transconti
. The ocean carrier; a history and analysis of the service and a discussion of the rates of ocean transportation . road clear across the American continent andsteamers extending it to the far limits of theChina coast. In 1898 two steamers were alsooperated to Vladivostok.^ In the companysreport for the year ending June 30, 1907, thefollowing fleet is reported: Canadian Pacific Steamships. Atlantic service 16 Pacific Coast service 11 British Columbia, Lake and River service 17 Pacific service 6 Upper Lake service (Great Lakes) 3 Ferry service 2 Total, all classes 55 That is to say, a transcontinental railroadoperates two transoceanic services, connectingeast Canada with Europe, and west Canada withJapail, China, and Hong Kong. Lakes and riv-ers are used as feeders, and there were at onetime rumors of proposed connections with theTrans-Siberian Railroad, and with the YukonRiver through purchase of the White Pass & Yu-kon Railroad and a line of Alaska steamers. Thesteamship lines of this railroad company are i Social Economist, vi., 283; Scribners, x., 280; RailroadQaz^tte, Aug. 15, 189S, p. 615,. Railway Steamship Lines 187 not operated on working agreements, but arerun by companies frankly owned by the railroadcompany. It also charters steamers which itoperates on a line to New Zealand on alternatesailings with the Union Steamship Company ofNew Zealand. THE THEORY OF THE RAILROAD STEAMSHIP LINE. In this widespread combination of the rail-road and the steamship line, the railroad is thedominant factor; the steamship is but a railroadattachment. When one stops to consider thecapital involved, it appears natural that it shouldbe so. Great Britain is properly hailed as themistress of the seas, the worlds great ocean car-rier, and yet her merchant marine has a valuenot exceeding one-seventh part of the capitalvalue of the British railroads ^ and a much smallerpart of the value of the American railroads. Theamount of money involved affects the order ofdevelopment of transp
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