The Canadian Commonwealth

ncorporation; but the English investor has acted through agents, through trust and loan companies, through banks. He is the buyer of Canada's railway stocks, of her

ts included large holdings of city property in Montreal and Winnipeg and Vancouver, of ranch lands in Alberta, town sites along the new railroads, timber limits in British Columbia and copper and coal mines in both Alberta and British Columbia. The Portland, Essex,

ently, than that they cost ten thousand dollars and had been sold for twenty thousand dollars. The block, which would yield twenty per cent. on ten thousand dollars, yields only three per cent. on sixty thousand dollars. Held long enough, doubtless, it will repay the in

oad bought for fruit lands at twenty-five dollars an acre. Fruit without a market is worse than waste. It is loss. When questioned, these English investors explain how raw fruit lands that sold at twenty-five dollars an acre a few years ago in the United States to-day sell for five hundred dollars and one thousand dollars an acre. The point they miss is-that these top values are the result of exceptional conditions; o

estors who will multiply their capital a hundredfold in ten years. I know properties bought along the lines of the new railroads for a few hundr

t with the puling whine and shiftlessness of the settler from the cesspool of the city slums. I have gone into a prairie shanty where an Englishwoman sat in filth and rags and idleness, cursing the country to which she had come and bewailing in cockney English that she had come to this; and I have gone on to an English ranch where there presided some young Englishman's sister, who had literally never done a stroke in her life till she came to Canada, when in emergency o

opalescent peaks, of fenceless fields and rides to a horizon that forever recedes, with a wind that sings a jubilate of freedom. All these she will have; but they are not ends in themselves; they are incidental. Days there will be when the fat squaw who is doing the washing will put all the laundry in soap suds, then roll down her sleeves and demand double pay before she goes on. Prairie fi