The Bank Of Upper Canada Was "captured" From Kingston Merchants By
The York Elite At
The Instigation Of John Strachan
In 1821
With
The Assistance Of William Allan
A Toronto Merchant
And Executive Councillor
York Was Too Small
To Warrant Such An Institution
As Indicated By
The Inability Of Its Promoters
To Raise Even
The Minimal 10% Of
The �200,000 Authorised Capital Required
For Start-up
It Succeeded Where
The Bank Of Kingston Had Failed Only Because
It Had
The Political Influence
To Have This Minimum Reduced
By Half
And Because
The Provincial Government Subscribed
For Two Thousand Of Its Eight Thousand Shares
The Administration Appointed Four Of
The Bank's Fifteen Directors That
As With
The Clergy Corporation
Made For
A Tight Bond Between
The Nominally Private Company And
The State
Forty-four Men Served
As Bank Directors During
The 1830s; Eleven Of Them Were Executive Councillors
Fifteen Of Them Were Legislative Councillors
And Thirteen Were Magistrates
In Toronto
More Importantly
All 11 Men Who Had Ever Sat
On
The Executive Council Also Sat
On
The Board Of
The Bank
At One Time Or Another
10 Of These Men Also Sat
On
The Legislative Council
The Overlapping Membership
On
The Boards Of
The Bank Of Upper Canada And
On
The Executive
And Legislative Councils Served
To Integrate
The Economic
And Political Activities Of Church
State
And
The "financial Sector." These Overlapping Memberships Reinforced
The Oligarchic Nature Of Power
In
The Colony
And Allowed
The Administration
To Operate Without Any Effective Elective Check
The Bank Of Upper Canada Was
A Political Sore Point For
The Reformers Throughout
The 1830s
Bank Wars:
The Scottish Joint-stock Banks
. . Health
and medicine
1995 58
9 References
Niagara-on-the-Lake
There
is disagreement as
to whether
the Canadian-built Frontenac (170 feet
52 m)
launched
on 7 September 1816
at Ernestown
Ontario or
the US-built Ontario (110 feet
34 m)
launched
in
the spring of 1817
at Sacketts Harbor
New York
was
the first steamboat
on
the Great Lakes
While Frontenac was launched first
Ontario began active service first
the first steamboat
on
the upper Great Lakes was
the passenger-carrying Walk-In-The-Water
built
in 1818
to navigate Lake Erie
In
the years between 1809
and 1837 just over 100 steamboats were launched
by Upper
and Lower Canadians for
the St
Lawrence River
and Great Lakes trade
of which ten operated
on Lake Ontario
the single largest engine foundry
in British North America before 1838 was
the Eagle Foundry of Montreal
founded
by John Dod Ward
in
the fall of 1819 which manufactured 33 of
the steam engines
the largest Upper Canadian engine manufacturer was Sheldon & Dutcher of Toronto
who made three engines
in
the 1830s before being driven
to Bankruptcy by
the Bank of Upper Canada
in 1837
The major owner-operators of steamships
on Lake Ontario were Donald Bethune
John Hamilton
Hugh Richardson
and Henry Gildersleeve
each of whom would have invested
a substantial fortune
Roads.
. There
are various methods of prevention
to reduce
the likelihood of
a vehicle getting stolen
These include physical barriers
which make
the effort of stealing
the vehicle more difficult
Some of these include:. Establishment
Galt
now part of Cambridge
Ontario
Upper Canada Rebellion of 1837. . .
La Salle Medical Associates