the population by inducing an intelligent and 

 assimilable type of settler to the country. 



In the general depression to which Canada 

 was subjected in common with other nations 

 implicated in the Great War and which affected 

 most phases of her national life, it was gratifying 

 to note the resumption of the influx of foreign 

 money which had practically ceased with the 

 outbreak of the war and continued whilst 

 hostilities were in progress. The only difference 

 was that British capital which had previously 

 led in the assault on Canada became sub- 

 servient in its volume to that of the United 

 States, for the very conditions which militated 

 against the transfer of any substantial amounts 

 across the seas made it decidedly advantageous 

 to send money across the border. It was 

 estimated a short while ago that United States 

 capital invested in Canada amounted to about 

 1,600 millions, or about one half the total 

 British investment in the Dominion. 



United States Investments in Canada 



The value of United States investments in 

 Canada during 1920 is estimated at $320,000,- 

 000 made up as follows : new bond issues placed 

 in the United States $235,000,000; other bonds 

 purchased $15,000,000; industrial investments 

 $50,000,000; Western land investments $5,000,- 

 000; increase in assets of insurance companies 

 $15,000,000. This constituted a record for 

 United States investment, the figures of 1919 

 being $200,000,000 and the highest previous 

 figures the $207,000,000 of 1916. It is es- 

 timated that these probably yield an annual 

 return of $90,000,000, including as they do 

 some of the Dominion's best paying businesses. 



The total number of company incorporations 

 with Dominion charters in 1920 was 991 with 

 a total capitalization of $603,210,850, the greater 

 part of which, without doubt, represents foreign 

 capital. Just how investment in Canada is 

 increasing can be realized from a comparison 

 with the previous year's figures, when there 

 was a total of 512 companies which received 

 Federal charters capitalized at $214,326,000. 

 In addition to the figures above recorded 88 

 companies, by supplementary letters patent, 

 increased their capital stock by $85,187,750. 

 In considering these figures, too, it should be 

 borne in mind that no account is taken of the 

 host of companies incorporated under the 

 charters of the various provinces, all of which 

 have power to grant charters. 



The fact that last year, in a period generally 

 considered depressive and one justifying con- 

 servatism of action, Canada practically trebled 

 the incorporated capital stock of the previous 

 year and United States total investments 

 nearly doubled, together with the tendency 

 apparent for English incoming capital to as- 

 sume greater substantiality of volume despite 

 its many handicaps, is just cause for boundless 



optimism in the immediate future of Canadian 

 commerce and industry. Indications become 

 more apparent every day of the widespread 

 attraction Canada's resources are exerting and 

 the greater attention devoted to the Dominion 

 as a country for investment. To an ever 

 greater extent the great undeveloped wealth of 

 Canada will draw capital for its exploitation. 



Immigrants Travel in State 



It is a tradition among Canadians handed 

 down from an earlier generation, but still 

 virile, that one must register horror as the 

 movie people have it when speaking of cross- 

 ing the ocean in the steerage. 



As a matter of fact, the tradition is out of 

 date. Indeed coming over in the steerage on 

 a modern liner is more comfortable than coming 

 over first-class used to be on some of the earlier 

 steamships which plied on the ocean ferry. 



Nor need the term "they came over in the 

 steerage" longer have the force it once had as 

 one of social opprobrium. Strong, clean-living 

 men came over in the steerage future Canadian 

 farmers and business men and perhaps statesmen 

 among them and earnest, clean-living women, 

 and potential mothers of future premiers. 



To many of them, intimidated with the old 

 tales of the discomforts of steerage travel, their 

 experience on the voyage across comes as a 

 pleasant surprise. Indeed, steerage de luxe 

 would be a fitting term for third-class quarters 

 on the biggest liners. Particularly is this true 

 if they are so fortunate as to book their pas- 

 sage on any of the larger ships of an old- 

 established line. 



For the information of folks ashore, who 

 have never been in the steerage of a ship, it 

 may be well to describe the quarters of the 

 third-class passengers. 



Details of Quarters 



First in importance are the bedrooms, or 

 staterooms as they are termed aboard ship. 

 These as a rule contain four beds, or bunks, 

 there being two on a side. The beds are 

 framed in iron pipe, fitted with an elastic 

 bottom of metal strips. The bedding consists 

 of mattress, sheets, pillow with slip, blankets 

 and coverlet, or bedspread. Each room has 

 electric light, linoleum floor covering, white 

 enameled walls, mechanically controlled venti- 

 lation, and heat when needed. 



Next in importance is the steerage dining 

 room. Some ships have two. A third-class 

 dining-room is always large more than 300 

 persons can sit down at the tables at once 

 and it is well lighted and well ventilated. 

 The long tables are covered with neat cloths. 

 Individual swivel chairs permit the passengers 

 to sit at table in comfort, and the food is served 

 on good crockery. 



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