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CPR Syndicate

CPR Syndicate. Mackenzie Elected Macdonald resigned due to Pacific Scandal Sandford Fleming started the Canadian Pacific Survey BC threatened to leave Canada Macdonald returns with his National Policy Protective tariffs Western settlement Railway. Review. Macdonald needed new investors

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CPR Syndicate

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  1. CPR Syndicate

  2. Mackenzie Elected • Macdonald resigned due to Pacific Scandal • Sandford Fleming started the Canadian Pacific Survey • BC threatened to leave Canada • Macdonald returns with his National Policy • Protective tariffs • Western settlement • Railway Review

  3. Macdonald needed new investors • Why? • Approached 3 men • George Stephen – Bank of Montreal • Donald Smith – HBC • James J Hill – Railway investor • This group became known as the CPR Syndicate Investors

  4. Macdonald made 3 promises to them • 25 million once the railway was complete • Railway monopoly west of Lake Superior for 20 years • Tax exemptions for all of their land The Promise

  5. The first thing they did was change the CPRs route • Why? Route Change

  6. The railway building was going REALLY slow at the start • Began in 1881 • The CPR Syndicate fired their railway manager and began looking for a new one • Still had no clue how they were going to get through the Rocky Mountains Slow Start

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