Samuel Street Jr.
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Samuel Street Jr.
Samuel Street, also known as Samuel Street Jr, (March 14, 1775 – August 21, 1844) was a Canadian businessman and government official in Upper Canada who became one of the richest men in Upper Canada. Born in Farmington, Connecticut, he moved to Chippawa, Ontario, Chippawa, Upper Canada, after his father was murdered. In Chippawa he lived with his uncle, Samuel Street, who introduced him to the local business community. In the early 1800s, he entered into various partnerships with other businessmen and purchased Milling (machining), mills in the Regional Municipality of Niagara, Niagara region. His most prominent partnership was with Thomas Clark (Upper Canada), Thomas Clark, and together they used the profits from the mills to lend money (and charge interest) to various people in Upper Canada, further increasing their wealth. They also purchased property throughout Upper Canada, employing agents to help with the purchases, and lending money to local officials in exchange for noti ...
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Upper Canada
The Province of Upper Canada (french: link=no, province du Haut-Canada) was a part of British Canada established in 1791 by the Kingdom of Great Britain, to govern the central third of the lands in British North America, formerly part of the Province of Quebec since 1763. Upper Canada included all of modern-day Southern Ontario and all those areas of Northern Ontario in the which had formed part of New France, essentially the watersheds of the Ottawa River or Lakes Huron and Superior, excluding any lands within the watershed of Hudson Bay. The "upper" prefix in the name reflects its geographic position along the Great Lakes, mostly above the headwaters of the Saint Lawrence River, contrasted with Lower Canada (present-day Quebec) to the northeast. Upper Canada was the primary destination of Loyalist refugees and settlers from the United States after the American Revolution, who often were granted land to settle in Upper Canada. Already populated by Indigenous peoples, land ...
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Old German Baptist Brethren
The Old German Baptist Brethren (OGBB) is a conservative Plain church which emerged from a division among the German Baptist Brethren in 1881 being part of the Old Order Movement. Like the church it emerged from, it has roots both in Anabaptism and in Radical Pietism. It practices adult believers baptism as the biblically valid form of baptism. It is also characterized by strict religious adherence with rejection of modern culture and modern assimilation. It is one of several Schwarzenau Brethren groups that trace their roots to 1708, when eight believers founded a new church in Schwarzenau, Germany. The Old German Baptist Brethren church has about 4,000 baptized members. Names The Old German Baptist Brethren are historically known as German Baptists in contrast to English Baptists, who have different roots. Other names by which they are sometimes identified are ''Dunkers, Dunkards, Tunkers'', and ''Täufer'', all relating to their practice of baptism by immersion. Originally kn ...
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Wellington District, Upper Canada
The Wellington District was a historic district in Upper Canada and its successor, Canada West, which existed until 1849. It was formed in June 1840 from townships transferred from certain other districts: For electoral purposes, it was called Waterloo County and the district town was Guelph. Upon the passage of the Act of Union 1840, for electoral purposes Erin Township was attached to Halton County, which became known as the East Riding of Halton, and the remaining townships of Wellington that had previously been part of Halton became known as the West Riding of Halton. When the East and West Ridings were renamed for their respective counties in 1845, the township of Erin continued to be part of Halton for electoral purposes, and the township of Dumfries was similarly included for such purposes in Waterloo. At that time, Waterloo County was declared to consist of the following townships: * Arthur * Amaranth * Bentinck * Derby * Eramosa * Egremont * Guelph * Glenelg * Gar ...
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Gore District, Upper Canada
The Gore District was a historic district in Upper Canada which existed until 1849. It was formed in 1816 from parts of York County in the Home District and parts of the Niagara District. The district town was Hamilton. Two new counties were created: *Wentworth Wentworth may refer to: People * Wentworth (surname) * Judith Blunt-Lytton, 16th Baroness Wentworth (1873–1957), Lady Wentworth, notable Arabian horse breeder * S. Wentworth Horton (1885–1960), New York state senator * Wentworth Miller (born 1 ... * Halton In 1838, parts of Halton County and parts of Home and Huron Districts were separated to form a new Wellington District. In 1849, the district was replaced by the United Counties of Wentworth and Halton, which were separated again in 1854. References *Armstrong, Frederick H. ''Handbook of Upper Canadian Chronology''. Toronto : Dundurn Press, 1985. Districts of Upper Canada 1816 establishments in Upper Canada 1849 disestablishments in Canada {{Go ...
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Debenture
In corporate finance, a debenture is a medium- to long-term debt instrument used by large companies to borrow money, at a fixed rate of interest. The legal term "debenture" originally referred to a document that either creates a debt or acknowledges it, but in some countries the term is now used interchangeably with bond, loan stock or note. A debenture is thus like a certificate of loan or a loan bond evidencing the company's liability to pay a specified amount with interest. Although the money raised by the debentures becomes a part of the company's capital structure, it does not become share capital. Senior debentures get paid before subordinate debentures, and there are varying rates of risk and payoff for these categories. Debentures are freely transferable by the debenture holder. Debenture holders have no rights to vote in the company's general meetings of shareholders, but they may have separate meetings or votes e.g. on changes to the rights attached to the debentures ...
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Welland Canal
The Welland Canal is a ship canal in Ontario, Canada, connecting Lake Ontario and Lake Erie. It forms a key section of the St. Lawrence Seaway and Great Lakes Waterway. Traversing the Niagara Peninsula from Port Weller in St. Catharines to Port Colborne, it enables ships to ascend and descend the Niagara Escarpment and bypass Niagara Falls. It is the fourth canal connecting these waterways; three smaller predecessors also bore the same name. The Welland Canal passes about 3,000 ships which transport about of cargo a year. It was a major factor in the growth of the city of Toronto, Ontario. The original canal and its successors allowed goods from Great Lakes ports such as Cleveland, Detroit, Milwaukee, and Chicago, as well as other heavily industrialized areas of the United States and Ontario, to be shipped to the port of Montreal or to Quebec City, where they were usually reloaded onto ocean-going vessels for international shipping. The Welland Canal in use today is th ...
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Bank Of Montreal
The Bank of Montreal (BMO; french: Banque de Montréal, link=no) is a Canadian multinational investment bank and financial services company. The bank was founded in Montreal, Quebec, in 1817 as Montreal Bank; while its head office remains in Montreal, the operational headquarters and executive offices have been located in Toronto, Ontario since 1977. One of the Big Five banks in Canada, it is the fourth-largest bank in Canada by market capitalization and assets, and one of the eight largest banks in North America and the top 50 in the world. It is commonly known by its ticker symbol BMO (pronounced ), on both the Toronto Stock Exchange and the New York Stock Exchange. In October 2021, it had CA$634 billion in assets under administration (AUA). The Bank of Montreal swift code is BOFMCAM2 and the institution number is 001. On 23 June 1817, John Richardson and eight merchants signed the Articles of Association to establish the Montreal Bank in a rented house in Montreal, Quebec ...
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Bank Of Upper Canada
The Bank of Upper Canada was established in 1821 under a charter granted by the legislature of Upper Canada in 1819 to a group of Kingston merchants. The charter was appropriated by the more influential Executive Councillors to the Lt. Governor, the Rev. John Strachan and William Allan, and moved to Toronto. The bank was closely associated with the group that came to be known as the Family Compact, and it formed a large part of their wealth. The association with the Family Compact and its underhanded practices made Reformers, including Mackenzie, regard the Bank of Upper Canada as a prop of the government. Complaints about the bank were a staple of Reform agitation in the 1830s because of its monopoly and aggressive legal actions against debtors. History Bank of the Family Compact The first Bank of Upper Canada was located on the south-east corner of King and Frederick streets in York, Upper Canada (later Toronto, Canada West). York was then too small for a bank, and its pr ...
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War Of 1812
The War of 1812 (18 June 1812 – 17 February 1815) was fought by the United States of America and its indigenous allies against the United Kingdom and its allies in British North America, with limited participation by Spain in Florida. It began when the United States declared war on 18 June 1812 and, although peace terms were agreed upon in the December 1814 Treaty of Ghent, did not officially end until the peace treaty was ratified by Congress on 17 February 1815. Tensions originated in long-standing differences over territorial expansion in North America and British support for Native American tribes who opposed US colonial settlement in the Northwest Territory. These escalated in 1807 after the Royal Navy began enforcing tighter restrictions on American trade with France and press-ganged men they claimed as British subjects, even those with American citizenship certificates. Opinion in the US was split on how to respond, and although majorities in both the House and ...
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George Prévost
Sir George Prévost, 1st Baronet (19 May 1767 – 5 January 1816) was a British Army officer and colonial administrator who is most well known as the "Defender of Canada" during the War of 1812. Born in New Jersey, the eldest son of Genevan Augustine Prévost, he joined the British Army as a youth and became a captain in 1784. Prévost served in the West Indies during the French Revolutionary Wars and the Napoleonic Wars, and was commander of St. Vincent from 1794 to 1796. He became Lieutenant-Governor of Saint Lucia from 1798 to 1802 and Governor of Dominica from 1802 to 1805. He is best known to history for serving as both the civilian Governor General and the military Commander in Chief in British North America (now part of Canada) during the War of 1812 between Britain and the United States. Early life George Prévost was born on 19 May 1767, in New Barbadoes Township (now Hackensack), New Jersey. His father was Augustin Prévost, a French-speaking Protestant from the Rep ...
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Monopoly
A monopoly (from Greek language, Greek el, μόνος, mónos, single, alone, label=none and el, πωλεῖν, pōleîn, to sell, label=none), as described by Irving Fisher, is a market with the "absence of competition", creating a situation where a specific person or company, enterprise is the only supplier of a particular thing. This contrasts with a monopsony which relates to a single entity's control of a Market (economics), market to purchase a good or service, and with oligopoly and duopoly which consists of a few sellers dominating a market. Monopolies are thus characterized by a lack of economic Competition (economics), competition to produce the good (economics), good or Service (economics), service, a lack of viable substitute goods, and the possibility of a high monopoly price well above the seller's marginal cost that leads to a high monopoly profit. The verb ''monopolise'' or ''monopolize'' refers to the ''process'' by which a company gains the ability to raise ...
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James Crooks
Jamie Crooks (April 15, 1778 – March 2, 1860) was a businessman and political figure in Upper Canada and Canada West. He was born in Kilmarnock, Scotland in 1778 and came to Fort Niagara in 1791 where his half-brother, Francis, was operating as a merchant. In 1795, Francis, James and his brother William moved to Newark ( Niagara-on-the-Lake). The business expanded into supplying goods to the military, shipping, the production of beer and spirits and potash production. In 1811, they built their own schooner, the Lord Nelson. He served as a captain in the local militia. During the War of 1812, his property was destroyed and the schooner was taken over by the Americans and sank during a storm. He was never fully compensated for these losses. He fought at the Battle of Queenston Heights and later served on the jury at the Bloody Assize of 1814. In 1814, he relocated to West Flamborough Township, which was located further from the border with the United States, and set up a sma ...
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