Your readers have probably noticed that the Privy Council has approved the decision of the arbitrators regarding the terms of the purchase of the Grand Trunk Railway of Canada The great point was og to the value of the ordinary shares which had never received a dividend since the formation of the company. Chief Justice Taft, the company's arbitrator, claimed that these were entitled in equity to be paid a rather considerable sum, but the other two arbitrators de. clared that they were valueless, and so now has the Privy Council. The result is satisfactory to Canadians, not particularly so because they will not have to pay for these shares, but because, they have all along been anxious to give the company a square deal, and this decision has proved that they did The arbitrators, in their award, while asserting these shares were "not worth a dollar," said that they might receive the '"compass tionate" consideration of the Dominion Government, but whether this will be given.in a' material form is very doubtful. "It may be mentioned that the country has now $1,500,000,000 invested in her State, or, as they called, Canadian National Railways, and the Board directing them have charge of an expenditure equal almost to the total ordinary expenditure of the Dominion.
Text read from the printed page and cleaned; old type leaves the occasional error.