HomeMy WebLinkAboutThe Lucknow Sentinel, 1945-11-15, Page 7givR§'1!'.NOVEMBER 115th, i945 ,
, x
The
Luc�Cn i
. , -ow S,�n�nel �ycknow tano
B
• Congratulations' are being ' ex
tended. to the Bank of :Montreal.
here ,-at Lucknow, for today ,the •
local office ..cOrnpletes its fortieth .
yeax'of service to the village and'
It was on Noveimber 15th, .1905,
that the lynch ••of the-Mo1$on's,
'Bank, long since- merged .with..the
ank of. Montreal, opened in the
premises of G A. Siddall, a pri,:-
vote banker, who was ,moving his
•office to 'anot'her site. Since :that
time tlic '•village„•,has progressecl•.
un ,.ie •is `now 'the' centre of 'a
hig}�iy'pi•oductive mixed:sfarming
.thriVing induStriar.
centre in its .own •night.
Since its inception thebank,has
kept.pace with -the steady growth
of the village, In 1912 .a new brick
front was -added • to the building
;,and four years • later the whole
,office was rearranged . and:- new
flttings installed. Further eaten
site• improvements_ were=:•carried
out some Years ago;, and the t' o,-
:storey'' buff -brick building pre
'cents and. attractive, appearance
ui ed'. to `-�ive„�the
and i 'well:: eq ,AP g
'ner-easeci4erlr..ice fiat, t : itgage-
regair-es•.r-� •-:::;�
t.
;BANK : PRESIDEN.T •�
.proi4fit--61''tfie7lpfir of NIon-
areal.
i4 OrtY
• • Early(History,
When the: local' bank Was, first
opened, the village did. not *pre-
sent. the pleasing asp-ect it:does'
does'
today,, 'with' . its attr active home
'•atitrfiKe— rees. __m..
The mains of the
Malcolm . Campbell block,, razed
by Mire; still lay untouched, and
it was not until the „following
year that the Joynt, block, was'
erected in its place.
At.”#hat` time not all, the present
Industries' .were' ' operating. -a i
grain, as; the chief a rrcultu..r l
g•.
product A,4:amiiiar sight on Sta-
tion Street :was the,.•long line of''
.wheat -laden. ' :wagons \vaitirl
their, turn at, ,tile. • two.. elevators
•
•
that,. were ' :then, in b business.. In
1920: the Hydro •was' •introduced,'
and, in keeping with the growing•.
civic ;pride 'of the residents, thea
main .thorou'ghfares ' were later -
cemented.:
-In- Lucknow's progress pile
Bank• of Montreal- has always.
been an important contributing'
factor, and, today,s post-war.
reconstruction 'gets.. undo:rway,,
:is ead3�to serve�at-ail times`t is
progressive•eQm-triunity with
variety .• of enterprises-sawrrmill,;
.Sx'Fi ..4 n°:;aeAckA°4rJ'JtGA.M41N; k;.' %CSAR'^..F;M•• r. uli✓.F^a ','..,"8i4' n .Vx:,llla eJX.;RCA.' �2i' ' d -'.mai.: N .,.,x ; v . em...;no-A.ti ....
parts plant, the last' of 'which .is:"ih ;since i940.'116'is known among
the process' of being reconverted his friends asa keen outdoor e,
hank's irs :. .: 'of. If :.nd-s- •
PRESENT MANAGED
.. A. A., THOMPSON. !'•.
has `been 'manager. of the Luck
now ;Branch since.. 1944;. h.a� ing'
succeeded ,the - Late V. "IST. 'Pres+
r T
:message--orr-me :adjoin ng page;
P4GE 3 EVEN
?rvlce tow.Gunity.
straightened out the, difficulties
:of interurban, interprovincial and
international 'trading.
'One of the most important,fac,
;tors contributing to 1hiS achieve -
merit was. ,the. policy, adopted by
the bank's :directors. 'at` the in
and ' setting up:: branches
ception, of Undea• the' stress .of
agencies at strategic' ie Vas co.r�dr
g points tions; t e inatitu.tion has played
in the colony •For "instance, two its part, in'fn nation's. achieve-
weeks' after; the founding of the; :
institution .' in, Mcntre the. ` dr-:. - yx ' and' • is no.w as-
ment• •of v •oto
. a1t r •, sting m the task 'o.f •reconstrue,:-
ectors''q ened ,a . sr
p » ..` agexaic_y . at Que-4 tion. ;1 ' u,
bet C:i.ty, w?hich six•'months latex;' ndr cls;of coma un ties.
became kn . � . gr eat,...•,a d' '. •s ail, the "••bank 1s.•
owh as . an `Officse of .woxki�ng i 1th Ca d n- - d: `'
Discount and laepesit" . •I fie: fol.- ' na as .. n. -:ft try
t . and agi i' inter e . ;b f rn Shing
lowing month agents >were•',ap . Y u �. j
credit an the., .;n,a iy,::.essentiai
pointed at `Kingston, •which was
' l�nktrrg and• financial ser`vices:.c • .
then important, as 'a 'garrison•:
town, and York, as.Toronto was necessa=i*y to nations,•eco,nomr
cw
then :known,':which,. with a poen- life Fuiit :er, it is. aiding the; gov-
patien. of 1;,00' was an. out post ernrrment b
Q' p y p>aoinottrg Victo.v.
for lumbering -'and• the ;fur -'trade Loan .campa ns, by, the sale f'
—industries . whish formed the p g
:only, basis for- the -ex ori war Savilgs; !Stamps and Certif.:•-
p. ,t.business_:.-. _i
,of the . country. • • icates, b ti s' ,i'eguardixig war se
currties ::
..,•, , y , ation -con • on .bairk-
p
mg, bycahi j . Fa • i
g m ly,Allowance ' •
cheques an: by . `many other
the' bank's growth, and; the assist,,
anee it,'has°'r ndered toward.:the
development --of. the country is the ' ,
fact that today it: -has over^ a
'tori ;ep so t , a cc ounts---about one
itn ever•» fqur in the Dominion
Special Services
And . so• it was '.everywhere
throughout, the ••country; as con.
ditions "demanded. The
bank. plant=_
hom son has a ed�-its branelhef crhtating-the .varied_athvitlttes..
..Pt. . .personal
•
:to "peace -time production., 'The '1?husiast' ands rs especral1y
efulness extt*rtds--beyond g
the village, and its services :are Mr Thom.son. is:: a}�1 ' assisted
at the disposal of the surroundingn by IF, G 'Brewer who 'has been 'aha institution sends its represen=-•
district with. its• lumber; cat<tie, '.accounitant' here.:since' June of •,ta'trves out to the frontier's by'air
flax,.. grid a 'varlet -i -of ,field craps.. this' -year -The other meinbers of plane:. to open branches in the
• •' the staff with whom' the rest mining 'country,,'the history of•:the.
George Smith Fir.St Manager dents h'er e w'i,]l be familiar, meet • Bank of`Montreal copiously dem-
,.
was theing �h mn as; they do:; in,.their o 1str ates t ii a t f'h e .pioneering:
barik'.s first: *manager• and .cortin .everyday •banking traiisactionsspirit of • Canada's earliest banit
ucd in. that `post until 1913, whenar'e Miss Jean Bisset, •• Miss ors has rnottvated the conduct;';of'
:'he was succeeded by T. Reid { Thelma ; Schutter,"'Miss S; `F.' Cul then successors from one,genera-
Mr. Reid,'who was -in charge.` Ifineit and :
•
agucu;Lturat•de-velopment;..;of .the ' _ ; ;. ' .-...
'country, its manufacturing irides-. GEN R'' L' IVIANAGER,
•
•
d.frz€z;r4 ,b „txtraelbie,..r:66 -
Since those pioneerin.g day,
when the bank's officers travellec'
from branch to branch; "at first
safe opportunity as of records°
say, to,'' this. :'modern 'era wh=
the, office : here for,16:•;years, 1 ^r11 + Sween.
be -'4,r -em mberecl: fq . lifs petty ti
cornmunrty: affairs,rkand espec-•
ial y•for 'his .Work ,while on the
focal . School board:'
Tpday the, bares' h'as more than
`;History, of•. the Parent .Bank ; 459 branches :'th oughout 'Caned,a
and,,Newfoundland,.with ,its own
It \Mitis on November', .1817, offices in London, New. .Yuri.•',
4i htri •pi'oneer :Can.adi-ans werre
lea: • n ranc.is
•
• ! r r� prae Bally l:1• : +herr-. -
The :present manager,' ' john by .barter; ,that. the lBank of; Mon ,
Alexander, . Tho.tnpson, has:,460.11.f.,tl ea l—the , fi rst ' permanent. bailie
here, since, 1944, when he ~ecce ed ' rn Y,,Aish :North America—open
,size • of i•ts capital ' and: ;reserves
at $76,000,009 today stands i?.1;
sharp contrast' with the. cora-es-.
=ed=the • late :rneent.N i't.est_LVIt .eci tt3 "clooxw or •b'usiriess rn d d `
Thompson •:; ba-nker--of-oc-e-r- i _p n rng Buie o . rraQre t -hail_ -a,
- �`" modest :`little yented off.ir_.e
t he bank be-
came, ago when' th
lt�ncc,, came. to :uta; l -aid .Str`eet; ; IVlantreal,. With -,the •
now':freini.•Yark'er where he..had • " ��an business .with. '3
° ,. f ,,r mtdable `cnl�ital of $�50'k00 ' • g. $ 50,00.0 1?er
een in tharge-al-die bank there
t ' Trading inthe' Canadian,' col haps a more. graphic; indication of
HE' CIL
oriies in'the.:early 1.800'°s''was'car-•
•ricd On': under great:. ' handicaps,
and-r-t-••waSi it .;fact;:to ameliorate,
the exceedingly chaotic and
prin7ttvc. conditions , rider}whic_h.
-ehe business fit etrol that.day iia l
to.: conduct, their; financialaffairs.
that the' bank was, established._ ;
'At thetime Canada,:Oft ourse,Y
had no currency tof its :own, ,lie+
colpnies :were rnuch• ,too. Poor `to
•affbr d ' 'such a 'luxury; and • riot
- o-n4•3;'A,rnerican, •-•
Freneh,i.-but 'Spanish • and Porte
guest i ibney- wasp in ,crreulatIcon:
'Naturally,. • ti 'e••ratios of 'exchange,
ttltq czil'orii�ll noneY. of account'
Were, Subject to frequent.' varia
tiiiti5 A's corisezlucrice, domesti,'
trncic was c°arried; cin principally,
by- barter and international l.usi-
nc;s5
was ori a. very unstable basis..
Founded 'by, .nine English and
Scottish'. merchants 'of 'Mont'real.,.
t1 . bank set about the , business
„, • of giving sol n.e''s.elnblaiide :of or.
dnii tion .to the financial`: life ryf
the country:, and its, first task �vati
tire` sstio--cif•-paper t,jeurr epi y that
]s,' the `hnlnk,s' own bilIs in small '•
cicttcrttirta�itrcltl;-and, atci7, ecip
' . pe 'ebitis. Si ecirnens of this circ-
re;ilc""y - whic}1 Was. in • reality the
• first. Canadian m'oi c -- ate . pie-
siWrvccl iii, the bank's• inuseui h -i
MV ntreOl.
• Not only did• t11e, bank,pxpvide
c1 meth tin of •eicchange, such as
had ,hither;to been lackingi. -but it
nursed altong the early enter;-'
prises .0 f• 'tie ' country,''.. &
Ab
ere is picturethe Bank
d the original office of
`Of Montreal;' famijlar to "Old - Titers" of two'''.,
score •years ago. •
F.
•
a - '.B .C. ,GMtDNE t:
Vice�•president • and Genera1 Man
ager:of the: Bank ;.of: Montreal,'
•
•nCtw4 Gx �'iF n aSYa v0;
•
tfr
And there is pictured the presenir.o"ffice'of the Bank
of Montreal --with a ' new front' • I3ut'. still 'en the
same site. . r ..
i
•