HomeMy WebLinkAboutThe Lucknow Sentinel, 1947-10-30, Page 6rY•
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•TKE L.;ZTCKNOW SENTINEL, LUCI WQW,. ONTARIO
G. H. SMITH -F I • ST
MANAGER:HERE
0�• Though the history of the local
branch of the B of M. is short
compared with the 130 -year his-.
tory of the Parentinstitution, this
offiee-has"be-en 'able to-Plgyan
important part in Halpin
residents of. ,Lucknow *.and the
.surrounding '.district ,:to , develop
and expand the area. Established
on 'Novena.ber 15, 1905, as. a
.branch of the Mdisons Bank, long
since :merged .with the 33' of ,M,
this branch 'was .for the first ,eight
� ; years: under' the man.agerrment., of
George Ii:`
'The '• bank's ,..quarters,'. •ebnven-
iently 'situated on' Carnpbell•. St.,•
:were ; preyiouslyi . occupied by G.'
A. Sidc al's "p .ivate. bank. In'
mg contrast to the bank: opera-,
tions; of those days is ,the service
'offered by the., -modern, fully
•equipp.ed has
' of'the B of.:11/1,.
which has,' on several• occasions
been rennodelled, and redecor' ated.
"John A.'.Thornpson,.•in charge
l'of the local office. since 19414. is
y
kee nl': . interested ., in 'all . the.
town's coriimunity and other act-
ivities., A keen sporisnian, . his
' particular' interests are in golf
ians
To Baxthing,:
[From#ro.
• ,t—e.ti
�33ANK Of •NMONTREAL, CANADA'S 1st BSTABLISIED BAND,
0,A)M .COLONISTS TREIR FIRS' ON Iu
CANADIAN. BRANCH BANKINCGG, SYSTEM: IN 1817
• f
B of M Completes 30 Years. On
Second 'Century , ofOperation
Ontario's 'oldest, banking inati-
tution will be ` 130 years old next
•.•Monday.
•
.'Oldest inrCanada,` as well -as in
Ontario the . Bank of :Montreal,
,although •organized Quebec,,
had two branches in this province
within eight •months of its 'fowl-
:. dation—one, at York and another.
at. Kingston and,. today, the• bank°
has substantially more 'offices . in,
` •Ontario than . in any other' pro
' wince 'of the Dominion.
It • was, in 1817' that. the first
regular stage -coach run began be-
tween Kingston and York: That
game historic'year saw: the found .
ing of Canada's first :permanent
bank -04.745 of 1111, .as Millions.
.of Canadians. now call:it:•The date
was November 3; -.and` . thus next
Monday'will• nark the bank's
130th ' .anniversary.'
Y
barter, and'. to a lesser extent: by
the use of: 'American,: . British,
French?, Spanish and Portuguese
money.
Canada's First Money
At the, very 'outset, the Young
bank issued, its` own bills in small'
'denominations and;: later, copper
tokens:{rThrs, 'money, indeed.,' was':
the first. real'Canadian currency.
The innovation did much to..stab-
i.lize:•arid, speed uli commeroe : and.
industry; which -had hitherto. been'
subject' to the varying rates of
exchange of . the several curren
cies in use.,..
T is' was • but one. aspect ,of the:
ban. 's major contribution to. the
Canadian; 'economy, That, contri-
bution ' amounted' to nothing..less
.
than :ending, the:' .chpas,. inhick
d
ted'•a
business.:w.as; : transacted -and • or
ganizing' the., first, domestic . `fin-
:anc'ai system. of Canada... . ` 4
o well ,did. the 'bank 'succeed
tha this system has since evolved
•
B. M, has ..opened. for busi -,
iiess ons every'sit glebaliking' day
-.an impressive.proof. 'of : how
-closely and . continuously . the
bank1s ,work„ has been woven. into
the vast progress of the country
since colonial. days: -
Pioneer. Days ' :
iPl, gUULL dl.t�.'l�ullt :Vf early tirpea
•
.. has come down froth °James ,Croda.
•;a British 'settler; who .later be
carne,a--Bank • of:Montreal share-
holder for the::extraor°dinary span
of 60 years
«
When T .beganfarming in • On -
JI
Mr..' Croil's recollections
begin, "we -had neither' mowing
' 'nor .reaping nor threshing mach -
the ••
ach-tle'• women had: •no
sewing; machines :.:' the postage
'on a. letter: from 'Ontario. to Hali-
fax was two shi11G7ings threepence
.• There was no mone3r. in cir
culation in .those days":. .Every
thing was done' by barter
Mr, :Croih wrote; • those words`
referririg :• to, Canadian;;•conditions
..;at a Utile- a ; good : ,deal later .in
•the nineteenth -century than - 1817.
It, can be .imagined` how 'difficult
life ; was in 'that . even xhorz prism-
• itive day.,
•When.• the ; Montreal, Bank, , as it
was then 'known, first pened. its
'door thepopulation,t
s, . of • Canada
'was just ..about ' half' a ',Million.
`
Tracie; was, carried on :principally.
•G>CORGE W.: SPINNEY, C.M.G
President.o the Bank, of Mori-
treat for -the past"ftve years of the
bank's • 130=year history:' A mem
bar \ of.the.Staff. •since..1906,' he
yrs
no.' matter now, critical:.'th 'times' r
his native
or how 'rapid:. the ' country's': N•S. '
growth. Thus;, through• snore than '
a "fenttry'and •a quarter,: tJie'Can
adian economy' has 'survived two
Major.' wars :aid several '.minor
ones;, as •well as• periodic, 'depres
cions and: civil' unrest. '°It ',has ° ex=
a,'l�tcu ri u.a •14 c MO
Mr. , Spi
ber• of po
his appoi
=the ener
i 9281 he
ant gen
town of . Yarrrioutl
THUK5DAY, Q .TOBIrR ° 30, 144I'.
a
>i'RESENT' 11'IANAC EE,.
MR. JOHN A.. . THn11I'50N, •
Present Manager. of trlc 'local
branch of the,d3ank- of :Montreal, •
which had its founding turfy -two
years ago;
and Skating. .lVIr. Thoinpson', pre_
viously manager of the •krani s'
Yarker, branch, 'fs a::.banker ofh.
33 years . exper.ience:: °`
CANADA'S FIRST BANK BUILDING,
�,`t+J;L'�aW,?;,!•+ti.('ri"u�rr li+rt?�Jix Y��F�, j'`1'•�.:+:�+.+.�n...�E,�,,: •.
ey :served: •at' a Hurn..=.
is.' in the ,bank ' before
tmeiit. as 'assistant to
1 manager in 1922: In
as .appointed as assist--
rale manager. and :eight
x''y years_.. te,r ••h l.. became general i
andwon world 'recognition i manag - r.. During' the :. war,' • Mr.'
for ' its- rare combination :of _
.dynamic growth' and steadiness I Spi'nney yens chairman, off'
t. First` Tictory Loan Campaign 'ane
r••
FIRST DANK 114ANAGER
Taken from"a*' old 'silhouette,
'1 he' reproduction above is • of
.Robert Griffin, the Bank Of Mon -I
treal's'•first` cashier. Mr. Griffin
whose position was similar to•that
Of a present-day manager, served,
with the B of M frorxr 1817: to
1827,��!
• Much of the nations , economic,
.strength ..derives from another•'
principle • which the 'bank. intro-,
doted in Canada..- This, was the
branch -banking system: Within .a
fortnight aftheening•
of th
first office`.in Montreal; -an agency
/
was . started" 'in • Quebec, ' .City.. Iri
the following year the. -'13 of ,1Vl.
opened. a: -bran h i atT . York—the
Queen City'5 fir t, bank -'and -an- i
other, 'at tike garrison. town. ;'of
Kingston::
Spreading Branches
.AS: the years. passed, ;the; bank
spread -its branches all over Ca'n
ada • During . the early 1840's,. it.
opened branches 'at 'Byto,wn, now l
Ottawa, at. St., Thomas, ' Belle
vibe';
St Catharines, Brockville,.
Hamilton 'and ,London. '
In. tile.:opening of the West
which' .the B of :•M facilitated by
placingits resources•. behind Can=.
AA's., first transcontinental.'rail-
way,a the Canadian: Pacific, 'its
, branches went hand in .hnad : with
the . pio eer• s : and. were establish-.
ed• at key points 'from coast tom
coast./at an• early date.
Th•e •bank contributed %'tally to "
many phases of home=frlbnt act-
ivity in' both world..wars. In peace'
'•as Well 'as. war, the Strength,• swift
progress•. and high standard of
living .of the :young country : can.
be attributed in aiunique degree•
.to the policies of its oldest bank.
And' the . B of it .fas :grown with
the county', .
The ,bank. began 'with a ,capital
of '$250,069 'arid" a staff' of seven,
At the present tirne its ',capital
arid -reserves amount, to •$78,000,-'
000. Its resources . are 'close : to the
two -billion mark, and- its staff.
numbers more than:'8,000 It has
over 500 . brancbes,•;including of
fires : in ' b ewfoundlarid, 'New
ork;. London, Chicago and San,
Francisco. .Its depositors nurinber
more than .:1,500,000 -about one'
out of igyerx:five_bank :de osito
p
irn�the nation..
Thus, the ,bank th'at'' nine col
ontai merchants. Started: in such
.a im dest way 180'years. ago, has
become, indeed an integral .part
Wf the life of the. - nation.'
.for t o years he was, chairman'
if e National' War Finance
Cortjimittee: ' o- ':
•
tltu.:r:1: yrJ.J
Taken from ' an old :•hartd-cglored engraving, this winter scene
is a :view. of .St James Street,. Montreal, a:,• '::it' appeared •' in' 1830;
thirteen years ',after the ,-Bank 'of Montreal's founding The build
�.in ..en.th:e right was the lirst'head' office of the bank, which served
g:
as `;headquarters for the B 'of M 'frorn:.'1819 to 184;8., :This was tll,e'
.first building especially 'constriteted for banking purposes in' Can
adz:' Today • a post office ,stands n this • site; • while adjacent to it,
facingp historic Pike • d'Armes, is situated the• bank'•s present. head;
office Building,' completed • and occupied in. 1848. '•
TO. OPEN 'FA RM .FOR The farm, which•. •he;' bought re.; .
cently at Delaware, 'twelve' miles
,,IHO ELESS:' LADS,
A. Canadian;:priest. inspired by:
Father . Flannagan's ."Boy Town"
.flew froth: Nod York recently' in.
an. effort to find ,100 "frustrated'
European boys"" willing., to. make
his 400. acres.,. at Delaware,'
a. 'lour freedoms' farm" •
Father Maurjce N. •5ullivan of
• Ashfield; for' 'some time parish'
R. C. GARDNER 1.
Vice president ' '1 and general
manager of.. the Bank . of , Mon-
treal., who, is also president •of the
Canadian ; Bankers' Association.
,and a vice.president of the Amer-'
ican . Bankers' Association: , .<
• Mr. 'Gardner; whose wide.ex-
perience in banking includes, ser-
vice' i,n England, the ' ' United
States aiid N'�ew f oundland; as .well
.as in eastern and' western. Can
ala•, became an assistant general
manager of• the batik 'in •1935. In.
1942,..hc , asstied.' the• duties of.
general manager of the organiza-
tion .and •two:years later became
a' director and vice president.
8 • '
Had.Cattle Killed.'
.depositors • Dur irige an electrical storm on,
Saturday afternolin October ]8th,,
Mr.: Peter Moffat rif tha•8th cession had four head •of 'cattle
killed. aridMr., John Moffat one
head-
' /!lit
•
1'
•
U •
J.,
•/ /1 Av,/
%/1
''priest of Clinton, Said • he will be
looking', for . Russian, French and
German boys tag well, as Britons.:
',Later he hoes ''sorit.e • Americana
will join. the-' cooperative: corny.
munity •. he 'plans to' begin • nex.tw;
May.,•
Although .; he, has received no
reply. from. Premier Drew 'to on
offer to bring .youths 14' 'to' 18'
years 'of' age to, Canada under the
Province's ' 'currenit i migratioi
scheme,. : the' 54 -year-old priest'
said, he ' would get' in touch . with
'Canadian, officials , 'in : Britain in
an effortto'establish'some',means
...to bring them, over. .•
Besides' searching' for ""Cosmo-
politan" ,youths who -will ."set an
example to the world in demo-
cratic jiving"), Tither Sullivan
hopes• -,to set' up in Britain, -Italy
and the Americas zone` of •Ger-•
Many eentres'for the •distribiution
of concentrated foods.
'lie is carr in.own '•....
carrying g his 'lour
moniths' concentrated food suppl�t
•in a two -foot -quare boy..:. '
westof London,'" will, be se up
on. 'a'••co•-operative basis' and will.
specialize',•in:mixed fai ming.,
Father Sullivan said:`the iiiajor.-
:ity. "of the. boys will probably he
;;Briton's, 'but that in his visits to. • ,
'displaced . persons camps' in
Europe he hopes to find represen-
tatives of several nationalities'
who'' wish to make a• career of
farming in Canada
The , •
project is supported, by
public • subscriptions, but it is .
pect'ed to be • self-sustaining with
in. afew years.
The •priest's:aid he first thought
of.' the plan after a visit last year
tO Father Flanagan's `Boys' Town:'
near Omaha,, Neb:, where ;•waY-
ward youths are rehabilitated,.
.DONATION AC1KNOwLEDGED. `
T 1 •is 'an • eXceil t
he�. •fol owing ,.
.'from •a letter received 'by Mr. it:. '
•
C, Ireland from Hon, Russell' T.
Kelly; 1Vlinister of Ileaith:
"I hereby. • acknowledge,, your
donation to the Relief 'frii 13i`itam� '
This will' be - greatly' appreciated •
in thie' winter of pi it�ttticin which
lies ahead for `so irany "•'
The donationreferred to, was
the proceeds of the, Second'An'
phial: Festival r f lVfusic for Huron
•schools unifier the supervision of
Miss' M. L.' MacL7onald and'1t. Cr
IrelazkL