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
Parliament St
School (1872)
54.1%
Italy Sebastian Giovinco 2015 22
8 Demographics
1 Etymology
8 Midfielder Marky Delgado (HG) United States. Wolfe Island
10.2.4 Road system
*Parts of Quebec (including Gatineau)
are included
in
the Ottawa CMA
the population of
the Ottawa CMA
in both provinces
is shown
Ten largest municipalities
by population!
. . . 22 Midfielder Richie Laryea Canada
Season East
Toronto Ontario Canada Business directory; .
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