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Bank Of Canada (commercial)
The Bank of Canada was granted a charter on August 16, 1858. The charter was granted to William Cayley, Joseph Curran Morrison, Angus Morrison Esq., John Ross, William Henry Boulton Esq. and Frederick William Cumberland Esq. The charter was never used and eventually sold to William McMaster in 1866 and renamed the Canadian Bank of Commerce, later became CIBC. It is not to be mistaken for the Bank of Canada, the current central bank which was established by the ''Bank of Canada Act The ''Bank of Canada Act'' (the Act) is a statute that sets out the governance structure and powers of the Bank of Canada, which was created in 1934 as Canada's central bank. Prior to 1934, Canada had no central bank and fragmented control of t ...'' in 1934. References Defunct banks of Canada Banks established in 1858 Banks disestablished in 1866 1866 disestablishments in Canada Canadian companies established in 1858 {{Canada-corp-stub ...
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Charter Company
The Charter Company of Jacksonville, Florida was a conglomerate with more than 180 subsidiaries that was in the ''Fortune'' 500 for 11 years beginning in 1974 and ranked 61st in 1984. The company filed for bankruptcy protection in late 1984, eventually selling off all of its businesses and purchasing Spelling Entertainment Inc. to form Spelling Entertainment Group Inc in 1992. History The Charter Company was started in Jacksonville, Florida, in 1949 by Jacksonville native, Raymond Knight Mason, who had just graduated from college. The company's roots were from the Mason Lumber Company, founded in 1919. Edward Ball, a powerful figure in Florida business and politics for decades, was Mason's friend and mentor. Ball worked for Alfred I. du Pont for nine years as a business associate before du Pont's death in 1935, then managed the Alfred I. duPont Testamentary Trust's assets for another 46 years. Charter started with a group of Florida mortgage, banking and land-developing ...
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William Henry Boulton
William Henry Boulton (April 19, 1812 – February 15, 1874) was a lawyer and political figure in Canada West. He served as Mayor of Toronto from 1845 to 1847, and in 1858. He was also a member of the Orange Order in Canada. Boulton died in Toronto in 1874. Life and career Boulton was born in York ( Toronto) in Upper Canada in 1812, the son of D'Arcy Boulton (1785–1846) and the grandson of G. D'Arcy Boulton. He studied law and entered practice with Gamble and Boulton. He was also a keen cricketer, and his public support of the Canadian cricket team is said to have significantly furthered his political ambitions. He was first elected to Toronto city council in 1838. In 1844, he was elected to the Legislative Assembly of the Province of Canada, representing Toronto as a Conservative member, and he was re-elected in 1848 and 1851. He opposed the bill making King's College a secular institution; at that time, it was affiliated with the Church of England in Canada. He support ...
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Banks Disestablished In 1866
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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Banks Established In 1858
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the an ...
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Defunct Banks Of Canada
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product An end-of-life product (EOL product) is a product at the end of the product lifecycle which prevents users from receiving updates, indicating that the product is at the end of its useful life (from the vendor's point of view). At this stage, a ... * Obsolescence {{Disambiguation ...
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Bank Of Canada Act
The ''Bank of Canada Act'' (the Act) is a statute that sets out the governance structure and powers of the Bank of Canada, which was created in 1934 as Canada's central bank. Prior to 1934, Canada had no central bank and fragmented control of the banking system. The Canadian Bankers Association took the role of regulating the bank system since 1891 and the Bank of Montreal was the government's banker. In ''The Bank of Canada Act, 1934'', The Bank of Canada was incorporated as a central bank "to regulate credit and currency in the best interests of the economic life of the nation ... and generally to promote the economic and financial welfare of the Dominion." The initial capital was , consisting of shares of fifty dollars each for public subscription. Under Section 24, it was given the sole right to issue notes payable to the bearer on demand and issue notes to any amount. Under Section 25, these notes (known as legal tender) could be converted to gold at the head office in Ott ...
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Bank Of Canada
The Bank of Canada (BoC; french: Banque du Canada) is a Crown corporation and Canada's central bank. Chartered in 1934 under the ''Bank of Canada Act'', it is responsible for formulating Canada's monetary policy,OECD. OECD Economic Surveys: Canada 2000'. OECD Publishing; 30 August 2000. . p. 45–. and for the promotion of a safe and sound financial system within Canada.Financial Stability and Central Banks: A Global Perspective'. Routledge; November 2002. . p. 41–. The Bank of Canada is the sole issuing authority of Canadian banknotes,Gene Swimmer. How Ottawa Spends, 1996-97: Life Under the Knife'. MQUP; 15 May 1996. . p. 379–. provides banking services and money management for the government, and loans money to Canadian financial institutions. The contract to produce the banknotes has been held by the Canadian Bank Note Company since 1935. The Bank of Canada headquarters are located at the Bank of Canada Building, 234 Wellington Street in Ottawa, Ontario. The building ...
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William McMaster
William McMaster (24 December 1811 – 22 September 1887) was a Canadian wholesaler, senator and banker in the 19th century. A director of the Bank of Montreal from 1864 to 1867, he was a driving force behind the creation of the Canadian Bank of Commerce of which he was the founding president from 1867 to his death in 1887. He sat in the Senate of Canada from 1867 to 1887 as a Liberal. He also helped found McMaster University in Toronto (later moved to Hamilton), Ontario. Biography Born in County Tyrone, Northern Ireland, McMaster migrated to York, Upper Canada, (now Toronto) in 1833. He was married for the first time to Mary Henderson (18??–1869) of New York. He married a second time on 18 July 1871, to Susan Fraser (née Moulton), the widow of an American businessman. He died in 1887 and is buried in Mount Pleasant Cemetery, Toronto. Philanthropy McMaster supported a number of causes with large donations. As a member of Bond Street Baptist Church, McMaster helped to ...
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Frederick William Cumberland
:''See also Cumberland (other), Cumberland (surname).'' Frederick William Cumberland (10 April 1821 – 5 August 1881) was a Canadian engineer, architect and politician. He represented the riding of Algoma in the 1st and 2nd Ontario Parliaments, and he served in the House of Commons of Canada from 1871 to 1872. Life and career Cumberland was born in London, England, and grew up in Rathmines, Dublin, where his father was employed at Dublin Castle. His mother died there. The family returned to London in the mid-1830s, where he studied at King's College School and apprenticed as a civil engineer. Starting in 1843, he was employed with the engineering department of the British Admiralty, working on the construction of dry docks and fortifications. In 1845, Cumberland married Wilmot Mary Bramley, whose sisters had married prominent men in the city of Toronto, and he came to that city with his wife in 1847. He worked there as a surveyor and as an engineer for the uni ...
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John Ross (Canadian Politician)
John Ross (March 10, 1818 – January 31, 1871) was a Canadian lawyer, politician, and businessman. Born in County Antrim, Ireland, he was brought to Canada as an infant. Ross married twice, first to Margaret Crawford who died in 1847, secondly to Augusta Elizabeth Baldwin February 4, 1851, the daughter of Robert Baldwin. Ross was president of the Grand Trunk Railway from 1853 to 1862 when he was succeeded by Sir Edward William Watkin. In 1867, he was appointed to the Senate representing the senatorial division of Ontario. A Conservative, the Honourable John Ross served until his death in 1871 in Toronto, Ontario. Ross' son Robert Baldwin Ross, known as Robbie, had a long-term relationship with Oscar Wilde Oscar Fingal O'Flahertie Wills Wilde (16 October 185430 November 1900) was an Irish poet and playwright. After writing in different forms throughout the 1880s, he became one of the most popular playwrights in London in the early 1890s. He is .... References * ...
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Banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ...
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Esquire
Esquire (, ; abbreviated Esq.) is usually a courtesy title. In the United Kingdom, ''esquire'' historically was a title of respect accorded to men of higher social rank, particularly members of the landed gentry above the rank of gentleman and below the rank of knight. Some sources cite that the title was bestowed on "candidates for knighthood in England," and even used with respect to other dignitaries, such as justices of the peace, sheriffs, and sergeants. According to research by a New York City Bar Association committee, in the United States, esquire over time came to refer "commonly and exclusively" to lawyers, but how that happened is unclear. The only certainty, the committee stated, is that "based on common usage it is fair to state that if the title appears after a person’s name, that person may be presumed to be a lawyer". The 1826 edition of William Blackstone's ''Commentaries on the Laws of England'' reiterated that "the title should be limited to those only ...
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