File:Newfoundland at the beginning of the 20th century - a treatise of history and development (1902) (14770819331).jpg

Identifier: newfoundlandatbe00harv (find matches)
Title: Newfoundland at the beginning of the 20th century : a treatise of history and development
Year: 1902 (1900s)
Authors: Harvey, M. (Moses), 1820-1901
Subjects: George V, King of Great Britain, 1865-1936
Publisher: New York : The South Publishing Co.
Contributing Library: Robarts - University of Toronto
Digitizing Sponsor: University of Toronto

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to operate all the railways forfifty years, stringent conditions as to management, number oftrains, rates, etc., being laid down. For the reversion of the NEWFOUNDLAND. 173 railway at the end of fifty years he agrees to pay $1,000,000within one year. Thus the colony is forever relieved of theheavy expense of operating the railway which for many yearswould otherwise be a drain on the revenue. The main benefitof the railway is the opening up of the interior, the develop-ment of its natural resources, the promotion of industrial enter-prises and the connection with the neighboring continent whichit secures. All these benefits are obtained, whoever may be thenominal owner of the line; and the million dollars is applied tothe reduction of the public debt. Further—Mr. Reid contracted with the Government tobuild and run seven steamers of a superior description—one ineach of the large bays, so as to connect with the railway, andone to ply to Labrador in summer. A separate subsidy is given
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Codroy Mountains. 174 NEWFOUNDLAND. for the services of these steamers. The steamers on the bayswill be feeders for the railway and will afford facilities fortourists, travelers, etc., visiting these magnificent bays andenjoying some of the noblest scenery. It will thus be seen thathe supplied to Newfoundland what it has long been seeking forin vain, namely, capital. In return for the operation of therailway he is to receive a further concession of land to theextent of 2,500 acres per mile, selected very much on the samelines as under the former contract. These solitudes which shall never relapse into their pastrepose, at last resound with the echoes of the railway and all itsvitalizing forces. They are the heralds of that dawn which hasbeen delayed for ages, but which has come to mark the closingyears of this auspicious century. It is a great public benefac-tion whose possibilities of development and ultimate good arebeyond computation. The event, so long and so earnestly hopedfor, t

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