Show THE PROTECTIVE PRINCIPLE I The Canadian Paciflcs Bequest tj be Bonded I Will be Denied I Special to TUE IlEKALDExamlner Dispatch WASHINGTON slay 20The solicitor of I the treasury will have ready in a few days his opinion on the application of the Cana I dan Pacific railway t be bonded t cary I goods t and from points in the United States Colonel Hepburn will undoubtedly decide that the bond cannot be given to a foreign corporation unless the secretary of the treasury is disposed to reverse the opinion of his law officer This will settle the matter This action by the treasury department will be heralded as a triumph of the protective principle but its effect will be verv small as the Canadian Pacific already transports goods across the continent to and from points in the United States by means of its American branches I it were permitted to give a bond it would acquire a little more solid footing and perhaps gain some formal advantages But they would be trifling in comparison with the essential privileges which it already enjoys Two foreign have given the bonds foren corporations the Canadian Pacific desires t the Canada Southern and the Grand Trunk roads The matter is only generallyalluded to in the statutes in section BUild All the details de-tails of the present system have grown up under the regulation of the treasury department de-partment |