FREE BOOKS

Author's List




PREV.   NEXT  
|<   85   86   87   88   89   90   91   92   93   94   95   96   97   98   99   100   101   102   103   104   105   106   107   108   109  
110   111   112   113   114   115   116   117   118   119   120   121   122   123   124   125   126   127   128   129   130   131   132   133   134   >>   >|  
e in Canada, and it was still uncertain which party would take it up. Finally Mackenzie, who was an ardent free trader, and the Nova Scotia wing of his party triumphed over the protectionists in their own ranks and made a low tariff the party platform. Macdonald, who had been prepared to take up free trade if Mackenzie adopted protection, now boldly urged the high tariff panacea. The promise of work and wages for all, the appeal to national spirit made by the arguments of self-sufficiency and fully rounded development, the desire to retaliate against the United States, which was still deaf to any plea for more liberal trade relations, swept the country. The Conservative minority of over sixty was converted into a still greater majority in the general election of 1878, and the leader whom all men five years before had considered doomed, returned to power, never to lose it while life lasted. The first task of the new Government, in which Tupper was Macdonald's chief supporter, was to carry out its high tariff pledges. "Tell us how much protection you want, gentlemen," said Macdonald to a group of Ontario manufacturers, "and we'll give you what you need." In the new tariff needs were rated almost as high as wants. Particularly on textiles, sugar, and iron and steel products, duties were raised far beyond the old levels and stimulated investment just as the world-wide depression which had lasted since 1873 passed away. Canada shared in the recovery and gave the credit to the well-advertised political patent medicine taken just before the turn for the better came. For years the National Policy or "N.P.," as its supporters termed it, had all the vogue of a popular tonic. The next task of the Government was to carry through in earnest the building of the railway to the Pacific. For over a year Macdonald persisted in Mackenzie's policy of government construction but with the same slow and unsatisfactory results. Then an opportunity came to enlist the services of a private syndicate. Four Canadians, Donald A. Smith, a former Hudson's Bay Company factor, George Stephen, a leading merchant and banker of Montreal, James J. Hill and Norman W. Kittson, owners of a small line of boats on the Red River, had joined forces to revive a bankrupt Minnesota railway.* They had succeeded beyond all parallel, and the reconstructed road, which later developed into the Great Northern, made them all rich overnight. This success whetted their ap
PREV.   NEXT  
|<   85   86   87   88   89   90   91   92   93   94   95   96   97   98   99   100   101   102   103   104   105   106   107   108   109  
110   111   112   113   114   115   116   117   118   119   120   121   122   123   124   125   126   127   128   129   130   131   132   133   134   >>   >|  



Top keywords:

Macdonald

 
tariff
 
Mackenzie
 

Government

 
protection
 
lasted
 
railway
 

Canada

 

popular

 

termed


construction
 

Pacific

 

persisted

 

policy

 
supporters
 
government
 

earnest

 

building

 

passed

 
shared

recovery
 

investment

 

stimulated

 

depression

 
credit
 

National

 

Policy

 
advertised
 

political

 
patent

medicine
 

forces

 

joined

 

revive

 

bankrupt

 
Minnesota
 

Kittson

 

owners

 

succeeded

 
parallel

overnight

 

success

 

whetted

 

Northern

 
reconstructed
 

developed

 

Norman

 
private
 

services

 

syndicate