The Early History of Canadian Banking

Cover The Early History of Canadian Banking
The Early History of Canadian Banking
Adam Shortt
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Ridout, Chris. Widmer, Hon. John McGill, James Crooks, Wm. Proudfoot, Hon. J, H. Dunn, Henry J.
Boulton, Hon. James Baby, George Munro, George Ridout, Hon. George Crookshanks, Hon. D. Cameron. Fifteen in all, of whom nine were either members of the Executive or Legis- lative Council, or held important offices under government, while most of the other six are found in similar positions a few years later. Thus, with the exercise of a great deal of inge- nuity, and the contribution of a little cap
...ital on the part of its promoters, we find that notable institution, the Bank of Upper Canada, started on its interesting career.
Finding that the establishment of a provincial bank had been prevented by the proclamation of the royal assent to the Bank of Upper Canada at York, the Kingston people once more resumed their efforts to secure a chartered bank of their own ; and from that time till the final passing of an Act in 1832, chartering the ^'Commercial Bank of the Midland District,** there was an interesting conflict between the Family Compact at York and the commercial interests in the eastern part of the province, the details of which, however, bring us into a new epoch.


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