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PAGE FOUR TUE CANADIAN STATESMAN, BOWMANILL, ONTARIO TT~~V5 A V f~I~"pj%~~m e. ~ A -P~~XP. Ca nadalans Toiu ' -e 1V From jD G130 Years Ago, B~i' ~ M~tra!,Ccinad'sFirstaEstablished Bank GaeCn.ch!qmîstS- Thei*v First Real Money o.. Founded C~6~~~Bïwiwhý Banking System in 1817 n t k' I :ik tt . 1 t - C' I, int. t t o1r pr7' sa-le vesai in CtL b13 -- 'i - - t t: t-' t-y' x.~ I b cii t j.- i :'--'," et-.- :, - ! i l' : tý.., a Bisntot'tc - I<:r for Ci)- ' 't . ' cc"A V .TprT GENER L MAN GER Jat key points frorn coasita coast The bank contributed vitally ta ~ many phases ai home-front activi- kCxt5~it4.'-t ~' ' ty in bath worîa wars, In pence as well as war, the strength, swift progress and high standard of living of the young country can be attributed in a unique degreel B. C. Gardner Prr~ -'ti î,2wýo f 'It.i ' lItAI- Vice-prc-sidlent an'd general man- I .~ t'i O riû'-b'x-t 'oth'igcr of'the Bank ofiMo1ntreal, who tarie',t' ' o '~tt t" y-t:<.C 'Aieto is also pro-icent of the Canadian ganx~ri~zttî't-"r:. - t.JOtt~ Bnktrs'Associaýtion and a vice- reapun 002 ri': cd ", 1, tAS il j:it. r? lii ia prcsit3.ent of' the American Bank- and 't".z:r'w m'i tii d l a .l'.ru ý ' tk l'O;11,1', Y t'tG!ive'tors' Association. machincti, - t oe 'c_ a r a i b. 'tit\'rrJet naIr 1,1r r. Gardner-, wbose xide ex- from GOntattri I -':v st ietu i c e -' cuttIti prio nbanking includes ser- ne ii- litc»' " . t 'it t -' r"' 1 1 vice in England, te United States, de';s-----cx .: lAt.; xms cct 15t- in- nadCnaa e ba rtci.'tk "'t' c cme 'an assistant general mana- Mc.Ct» rIFh x e - c- t!t'b"t w' ImîL"c u-crof aithe bank in 1935. In 1942, ferir~ t»Co cekci:t s ' ~ '1 tc - walie assumned the duties ai general nine oi c 't : ~t12V J'~ ~O t ~ ~~ inarnager of the organization and cen - n.tt' 'ite; ctf"cctl lj - i, to~ ~ ;xoyears later b.-came a director w'as in tht.t cxv:îmore p1'irn;tt"c- \.r TinarleCL t'c. .je a nd vice-poie day.- _____-epeint When the \..Intrc,tl Bank, as if tokens. This maney, indeed, was was thon knovxn, first acici Lifs' Frenc'h, Spanish anti Porttcguese the iirst real Canadiani currency. doars, the population oai Canada 'rr ny."Tbe innovation did much ta stabil- xvas jus, tr 'itlt:l a tiio. Cariaflas Fîrst Mvney . ze andi spc cd C~p commerce and Tre'x . :n"ti'rAt 'e vr r x. ou 1, -'- 1,.1he r on" l t-- t-, w ich bad bitherto been bi, bu. ti:-..Io,ltt a t t' "t.-t n. . e-ci ab e. i l - - l Io : te tevar-ing s'ates ai by the uze î.c etAînc tca îh, 1 1 1'?u dnoinfinsairi tcr, coppîcr ie cchînge ai the several currencies - - in i s îe. ___ PHTTThis was but ane aspect ai the N PAIZ E T 77 7),-j 1__ G bank's major contribution ta the ___ r anadian ecanamy. That cantin- z... ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ;,,,o "*" . ' ,~. ~--- .,-- :"Inamocîntocl ta nothing lcss ' ""' ' ' ' ' ' , . ' cciig tle chaos in which -1 ,x;tress was trý» 'c ciccl and or- anizig the fit-st demestie finan- J cls ,te cfCanada. Sa well did the bank succeed 'at this systcra lias since evolv- cd xwithecît cvcr losing ifs stabil- j ti, io mcttL r how criticaf tbe -t'- ' ' ' trs or hew i'aed tho cocîntry's ý.xovL'. hcstlreugh more than ac-ntary Zmcli a ouartcr, the Can- a..il -~ccOnoetî_y iissurvivcc!two t. s v, -11 et periedic depres- ons and civil uirc: t. t as ex- '1'cdmi' -. store 1817 I I as %von x'r e 'cognition 's raare cc(o.,.jat-i i c yiam- te h cdsni rci.. ci Oet11 i .tc.'s econamic o' -~ i~tiv troni another .t..'-t .t t .ic'i-tt xx L lu tht bank intra- cd c.""- ' aai.stem. Wxvas at. i't tt' s-t: C- ' ,fce in Motitreal, an agency iL ~ ~ ~ ~ ~ ~ ~ ~ r 'ri' 't' - i t 'rlin Q'bcCity. In tib(fl ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ei 't ' ' .t Ssk'iy t ..t x'itC» the B of Mop- On i tt.er o!i br ncliiat, York--the Qucen tcthe ' >-I,- '.I te i 1'" ,t t-. airu Otflto' bel Lit't~s irst bank-end anather at te fr i"t-t-, o t rni cc îp:: a.icecpec the garrison tawn ai Kingstan. Spre, -ing Branche-, - '~- ' " t*-~'-.'.---'-'--i As the ycars passzed, the'bn ' ' ' t'catl its branîches al aven Cen- . ' i.'t During thlic early 1840's, it / / ' tii îicd br'anchest at Bytown, now - ,.-,- tLx; a, et St. Thomas, Belleville, "r""/",ti.Cath'iriîics, Brockx'ille, Hm '~ '<" /. 'a V-~ -' ' thnnd London. 1 In the, opetitig ef the West in xxhic'h the B o. l'3J facilitated by p:cn f 's rccrces behind Can- -des iirst transcontinental rail- x' the Canadien Pacifie, ifs branchies xent banif in hand with Ithe pieneers andi iere es'rablished FIBST-CASHIER . . . . .. . . .. . .. . I ,:; Value \Ç. S i. m. ...'- - pls - u tl' o» st h grille uin'tour c.irtn» r...~, .1'.' .» - C t. il~t. 1ive tuibes. I ILb ~sc'tt: . rce ..dte \'cesdinghouse "Iiarmony." YOUR CHOICE COLOUR a t '~. t". - ' - Y-'. W. Taken irom iinold silhouette, the reprocIictticin above is af Ro- bcrt Griffin. fthc Banik of Mon~- Pùsiil b-îŽ't '. sýinilai' ta that rt r t ' t' tt" J:t' mattnager' ~~'.~~ of:ît M 1 I I;ronî 1817 ta 1027.- Buins tybrtr rvlb odroftheRJO and lthe Ba of MnHeav ega * business inybarrCtaneadb. \W;ithjn ciglit ntonîths of its fotinding in Novcmnber, 181 7, the B of NI-Canada's first-estabiished bank- * oPened agencies in thse garri- son tow-n of Kingston and the tradinsg seulement of .York. Typicai setiïrs.of thse ' tirne. the t housand citizens of York lived by farming, l unsbering, and trading wth thec Indi.tns. Since that far-off day,- Ontro has become thse most - PoPulouit and bighiy indus-« tritsiized (adij..rsprovince and the B of M bas buit up its largest rcpresentation here. Sron, the -ncw i 6-store'y B of NI building wiil be nusbet'ed anong Torontos nsany beautiful edifices ... tyPical of the progress on- tario, and the Bank of Miont- real bavensade cogeciser. t Tod.ty, tise13 of Mf serves thebccerspe of titis modern- ninded province tbrough 13d9branc hes and isconstant. ly adding to tisis number. "MY BAN H" Barter to the policies of ith oldest bank. And the B of M has grown with the country. The bank began with a capital of $250,000 and a staff of seven. At the present tinte its capital and reserves amount ta $78,000,000. Its resources are close to the two-bil- lion mark, and its staff numbers more than 8,000. It has over 500 branches, including offices in Newfoundland, New York, Lon- don, Chicago and San Francisco. Its depositors number more than 1,500,000-about one out of every five bank depositors in the nation. Thus, the bank that nine colon- ial merchants started in such a modest way 130 years ago, has become, indeed an integral part of the lufe of the nation. SOLINA Mrs. George Stephens observed the 85th anniversary of her birth- day, Saturday at the home of her daughter and son-in-law, Mr. and Mrs. Roy Langmaid. Her daugh- ter, Mrs. Charles Schoil, from Charlotte, North Carolina, was ai sa with her on tbis occasion and about 40 friends and relatives called during the afternoon and a.'; evening to express their Happy Birthday wishes. Charles Langmaid and Bruce Taylor have. returned to Kempt- ville.Agricultural School for their second year under the J. S. Mc- Lean scholarship. Evelyn Taylor, Ross Cryderman and Ewart Leask were judging at Guelph Friday. Evelyn Taylor and David Craig, Hampton, jun- ior grain judging team, won the Provincial championship for Dur- ham County and Ewart Leask and Harold Farder, Blackstock, won the swine judging competition. A number of the young people were enjoyably entertained at the home of Mr. and Mrs. Percy Dew- ell, Hampton, Saturday evenîng. Mrs. Don Yonson is canvalesc- ing from an operation ai the home of her sîster in Tillsonburg be- fore going to their home at Sim- coe. Mrs. Frank Westlake Sr. is pro- gressing favorably afier an ai- tack of pneumonia. Mr. Robert Scott Jr. has resign- ed bis position with the Bell Tele- phone Co. and is attending Rehab School at Hamiltan. Helen Parrinder, Murray Flett, Dianne Tink and Harold Yellow- lees have had tonsil operations. O, iVi211*. PROVED THEIR FAITH IN CANADA i1An exhausted Europe - torn by de- cades of war-was breathing more - - easily . . . two years before, the Napoleonic Wars had-at Iast ended at Waterloo. In the New World, the three-year-old Treaty of Ghent had ended an attempted invasion from the south ... and the peoples of North America began a friendship that is the admiration of the world today. INTO this scene came nine men of vsision ... nine English and Scottish inerchants who realized that, without a solid financial foundation, the colonies could neyer reach nationhood. Together, thcy determined a course of action. With their own money and the backing of 209 other pioneering citizens, these nine men founded the Bank of Montreal, which opened its doors for business on November 3rd, 18 17. Neyer once since then has the Bank failed ta open on a business day. B UT ahl was not easy. There were bard, trying days ahead-each de- cade had its ups and downs. From 1836 ta 1840, Canada experienced a succes- sion of bad harvests, political convul- sions, commercial changes and failures. Rebellion had depreciated the value of property and seriously hindered the im- provement and further seutlement of the country. The Bank of Montreal lurvived only by the most careful use of ils re- sources and the confident loyalty of its depositors. #.#.#13 0 Yea rs Ago 1817 ... Sturdy colonists of British North America - balf a million of them-were scattered over as many square miles. To the west and north lay another two million square miles, unsettled and untouched. Merchants and traders did their' business by banter and with a hodge-podge of foreign crrencies, whose changing values spelled chaos.- Trade development languished. A Tthe very outset, the Bank issued its own bis and coins. Here was Canada's first real money. The currency won immediate acceptance . .. goods moved more qui ckly ... and the stability the nine men hoped for came rapidIy. The people proudly welcomed this Canadian currency- and, as its circulation spread, so did the reputation of the new bank. Withîn a year of its founding it became the Government's banker, and itscurrency officially replaced the British money used by the Government up to that time. R EC OVERY was rapid during the Kmiddle years of the century. Then came 1867 .. and a nation was born. But a trans-continental railway was a condition of Confederation, and now the Canadian Pacific had ta be pushed through. To speed the construction, the enterprise was placed in private bands. The work went fast, and the last spike was driven five years earlier than ex- pected. With faith characteristic of its nine founders, the B of M had backed to the limit this great national project. JUST two weeks after the Bank started, Canada's first branch bank was founded ... the B of M's Quebec agency opened-and, thus, the Canadian branch banking system began. The folIowiC, year saw agencies opened at Kingston and York, now Toronto,' and branches spread as the years went on. Hailed througbout the world for its strength and flexibility, this systemn of branch banking-begun 130 years ago-has proved ideal for s country vast in area and smnall in population. 9O tbe century opened with 19 0a new flood of prosperity which lasted for more than a decade. Two more trans-continental railway system ... a great influx of new settlers ...abundant crops . . . thousands of new industries-and then.. .World War Il Through the trying times whicb foliowed ..the inflated days of the 20's and thc depressed days of the 30's-through a second World War in our time... Canadians worked and fougbt, and Canada became a world power. -Peace ... new plans. ... new hoes ... rehabilitation. Life in Canada still takes work, courage and, above ail, vision . . the kind of vision which spurred nine men wo pioncer the nation's economy 130 years ago. From a corporal's guard in 18 17, the staff of the Bof M has grown ta an army eight thousand strong ... working closely with Canadians andtheir industries in hundreds of communities fromn coast ta coast ... supplying the lifebl-pod of credit ta an expanding nation ... seeking always-through sound caunsel and friendly service-to give practical help wo the million and a haîf customers who put their trust in the Bank. IJhat qrf Tom orrowe . ,. ?just as history foreshadows the future, so the record of Canada and of ber first-established bank working together gives promise of bright to- morrows for thé nation. "The twentieth century belongs to Canada" ... and for that future t we pledge ourselves anew t0 work constructively with Canadians in every walk of life. BANK 0F MONTRIEALi Canada's First-established Banik i GEORGE W. SPINNEY.C.M.G., President B. C. GARDN!R, Vice President and General Manager Mr. and Mrs. S. E. Werry, Mr. the H1all this eveaing. A. L. Pascoe attended the tuner- Visitors: ai of the late J. J. Mason at Bow- Mr1. and M~rs. Albert Wood, Aud- manville. 1 rey and Teddy, Mr. and Mn. Sld- Mrs. Tom Baker presided for ney Little, BowmanviUle, at J. R. the temperance program at Sun- North Carolina, Mr. and Lira. Roy dey School and gave the stor3'. Mrs. Charles Scholl, Charlotte, Miss Pearl Leach sang. Next Sun- North C«Dlina, Mr. and Mr&. Roi day temperance films will be McGil, fflith and Reva, Ignnis- shown and a good attendance is kllnwit h Mr. and Lirs. Roy requested. Langmaid. Mr. Clifford Allin is home fromn Mr. and Lirs. Allan Masten, M~iss Toronto Hospital. Helen Baker, Toronto, at Mr.ý Jack Rev. Gardner of Columbus ad- Baker's. dressed Eldad congregation Sun- Mr. and Lins. Ralph Ormiston dey on the topic "The Acid of Re- and family, Maple Grove, at Tom ligion." Lirs. Everett Cryderman Baker's on the occasion df Gail's was pianist. Rev. E. S. Linstead fourth birthday anniversary last was in charge of anniversary ser- Tuesday. vices at Columbus. Miss. Lena Taylor, Lirs. E. R. Theil- neighbors are sorry ta Taylor and Ileen Balson at lose Mr. and Mrs. Don' Yonson Kemptville and Ottawa. and Peter who have maved ta Mr. and Mrs. Dan Wotten, Tor- Simcoe.ono tNra oe's Mr. and Lirs. Lamne Kellett, who onroana r. alotten s an purchased the grocery business Ptyt Mr. and Mrs. Gordovs n and property from Mr. and MrsP ats with Mr. and Lr. JGardon Tom Westlake, have, apened their Davis, sandM. adLr.J H general store in an attractive new Dvs saa adjoining building. We welcome Mr. and Mrs. Frank Wright, Mr. and Mrs. ICellett and sons, Grant and Beverly, Tyrone, Mr. David and Donald. anid Mrs. Elmer Lee and Norman, The boys of Solina Football Kii'sale, ai Ernest Hockaýe;'s. Club are entertaining the 'people Lirs. A. L. Pascae la 'visiting af the community at a dance atI relatives at Pickering. Tz- îiiý Là- , - i, , - ý ,* - Mm -~ ~ 't ~. ~" -~.'4 .t 1 .l" qlîtrILqnAV- nr-"Mirtim im -tàAii ,