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Excerpt from The Purchase of the Canadian Northern Railway: Whereby the People of Canada Become the Absolute Owners of This Great System; A Notable Achievement
A receivership was absolutely out. Of question. It was out of question because it would have aimed a blow at the national creditat a time when the financial needs of the war make it essential that that credit he not impaired. And it was out of question because it would have dislocated and crippled operation of the road at a time when both domestic and war needs make it vital that transportation service be of the most efficient character.
Further financial aid to the company presenter] features ai most as undesirable as a receivership. In the first place such a policy would have disregarded one of the. Main recommendations of the drayton-acworth report. In the second place it is doubtful whether aid so rendered would have furnished permanent solution of the difficulty. And, finally, in view of past generous aid granted the Canadian Northern from the public treasury, in the way of subsidies, guarantees and loans, a policy of continued assistance would have done violence to public Opinion. Further financial aid was clearly inexpedient if not impossible.
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