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Updated: May 7, 2025
These are but the subsidiaries; for as you may remember, my dear Kitty, that I have said before, we can never keep the system quite right unless we place just in the centre of the great ganglionic system, whence the nerves carry its influence gently and smoothly through the whole frame, The Saffron Bag!" Rubruquis, sect. xii.
In the meantime, while the road was being built by state gifts and bondholders' lendings, the great bulk of the stock of the parent road and of the chief subsidiaries was conveyed to Messrs Mackenzie and Mann for their services in promoting and managing the system. This method of financing had its dangers.
Since 1789 the State, call it the Nation if you like, has replaced the sovereign. Instead of looking directly to the chief magistrate of this nation, the clerks have become, in spite of our fine patriotic ideas, the subsidiaries of the government; their superiors are blown about by the winds of a power called "the administration," and do not know from day to day where they may be on the morrow.
All this gay confusion of acquirements, these holiday splendors, this superfluity of enterprise, enumerated in the first part of her catalogue, is the real business of education, the latter part is incidental, and if taught is not learned. "As to the lectures so boastfully mentioned, they may doubtless be made very useful subsidiaries to instruction.
To-day, if you count all the American railroads reaching up from trunk lines north to Canada, and all the Canadian spurs reaching south from trunk lines into the United States, and all the great trunk lines having subsidiaries like the South Shore and "Soo" crossing the border, and all the lines having international running rights over one another's roadbed, there are more than sixty railroads feeding Canadian traffic into the United States and American traffic into Canada.
That consequently it behooved the Spanish court to assist in extricating the French king from difficulties into which the latter had been brought simply by the march of the Spanish troops. Alva actually sent the Count of Aremberg with a considerable force to join the army of the Queen Mother in France, and even offered to command these subsidiaries in person, which, however, was declined.
Had one half of this sum been employed in augmenting and extending the naval armaments of Great Britain, and in reinforcing her troops in America and the West Indies, France would have been, at this day, deprived of all her sugar colonies, as well as of her settlements on the continent of America; and being absolutely cut off from these sources of wealth, would have found it impracticable either to gratify her subsidiaries, or to maintain such formidable armies to annoy her neighbours.
The word "trust" had not become a part of their vocabulary; "restraint of trade" was a phrase which only the antiquarian lawyer could have interpreted; "interlocking directorates," "holding companies," "subsidiaries," "underwriting syndicates," and "community of interest" all this jargon of modern business would have signified nothing to our immediate ancestors.
It is true, seen in some other light or rated in some other bearing or connection, one and another of these other interests, ideals, aspirations, beatitudes, may well be adjudged nobler, wiser, possibly more urgent than the national prestige; but in the forum of patriotism all these other necessaries of human life the glory of God and the good of man rise by comparison only to the rank of subsidiaries, auxiliaries, amenities.
If American capital and American enterprise dominate Canadian mines, Canadian timber interests, Canadian fisheries; if American elevators are strung across the grain provinces and American flour mills have branches established from Winnipeg to Calgary; if American implement companies and packing interests now universally control subsidiaries in Canada why was reciprocity rejected?
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