THE NEW ROUTE TO EUROPE.

Poverty Bay Standard, Volume X, Issue 1123, 15 August 1882, Page 4

THE NEW ROUTE TO EUROPE.

The scheme for constructing a railway across Newfoundland as a link in a system of swift transportation between New York and Europe has been endorsed by the Assembly of that province. By making the ocean voyage as short as possible, selecting points on the east coast of Newfoundland and the west of Ireland, and thus • reducing the voyage to 1,700 miles — and establishing connection with fast express trains on both sides of the Atlantic—it is proposed to effect a saving of time between London and New York amounting to forty-eight hours. The Syndicate intend to do things on a large scale, employing ten steamships for the ocean traffic, and anticipate a monopoly of mail carrying, and conveying 300,000 passengers annually. In order to secure the advantages accruing from the diverson of this traffic from its present channels to the Newfoundland route, the Government has been lavish in its concessions to the enterprise. It has granted 5,000 acres of selected land for every mile of railroad constructed, with a complete monopoly of forty-five years and immunity from taxation on all railway material during that time. An annual subsidy or the endorsement of bonds to the extent of 30,000,000 dels, is also in contemplation and will depend on the verdict of the electors in the contest which takes place in the fall. In fact the island has been placed at the disposal of the Syndicate almost as completely astheNorthwesthasbeen handed over to the Canadian Pacific.— Toronto Globe.