PROGRESS AND FUTURE OF ONTARIO (O i 



PROGRESS AND FUTURE. 



Under this head roa> well be placed an editorial cadi fnwi> 



Ira. I >papers of Toronto The first, though me 



deals broadly with the Dominion* and 



^ent tally bound tip * .tlter. the question of 



progress is common. The second, though aU tal 

 ate* attention upon Ontario. 



I h, Mofj ..f Year'* Program. 



In hi* excellent annual review nf the financial vr fed W. Field. 



of the Momttarv Timsi. take* the groond that Canadian pfOfifas 



i* not being overdone becaii*e over a thoutand fettler* enter rhe Dbmtssmi 



a* a con<rqurn<-e great tretche of virgin toll are 



being constantly render v nothing of thr new towm thai 



v week* in Northern Ontario, on the prairie* and in British 

 In ftftc- ccured zjpfcoao etttwm from ibroaii 



and to-day the influx i* at the rate of 400/100 per amram Tho*e who bare 

 come within the la*t eleven year* have brought with them m cah and < 

 tier*' effect* about $700.000,000. Their labour addt immrmely to the af*rr 

 R.itc wealth of the nation; they greatly enlarge the pvrchating power of the 

 domestic market*, and fr -m $300.000x100 to fjoouooouooo per armtsm of Diitlmi 

 money follow.* them into thi* land of their adopt 



ti*h capitalist* havr lent u* ii.afinjmjnan. which hi font into 

 railway*, canal*, electric raih%-av. financial and imnticpil cntcrpri 

 land and mine 5nve*tment< that or 



ment* are overdone, it 5* noted that our farm*, mine*, rnberirt. 

 factories have yielded &2.oj. c -i a tingle tfi 



our factory output and the product* of our barely 

 for one year equal in value Canadian be. r rowings from the Old 

 invc*tor to date largely because of our National Policy of moderate pro- 



tection. American indutrie have invented $5OO/1TMVOOO m thi coomry 



The U..-f.iry Timfs think* that, despite w>me recklr gimbHng m real 

 estate, the Dominion, instead of being at the end of a period of < 



ricuhvrmlrjr. 



the hctfinninK of a new era of growth agricuhvrmlrjr 

 and commerciallv In the next few year* the 



'tern Ontario will join the Prairie* in the pr 

 other farm <tuff on an *cale The older part* of the com*rr will 



increase their agricultural output vveral timr over under the doftimi of 

 improved method* of farming The va*t amount of railway coawJactkai 

 *till to be done, the building and deepening of cana!* ami thr nher pohbr 

 undertaking* under ! in riew. mean the continued ootlav of great 



*um* of money, and there i* no rcamn to lool hck. unlr* it be 



a* a result of SOtM intcrnation rffrct 



For the fir*t time bolh o<ir f.rrij;n ! thr 



the chartered hank* have cro*ed the billion d 

 i that they will grow much fa*ter than e\rr during IOIJ and 



article Sir Fdmund Walkrr pr>int* not ' 

 agitator* to the contrary, hundred* of the largest 



from the cttie* Sir Fdmomf OUer 

 that we are borrowing heavilv to provide ^ *~ 



comer* with transportation i *^d other convenience* of 



A he *ee* it. there i* no anxiety for Canada** fmre Bi 

 reckle** financing and wildcat tpemlabons mm* he curbed if the 

 are to be got from the natural wealth with which we have been 

 News. January 15. 



