Word: wealth
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Dates: during 1930-1939
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...Arts & Sciences . . . to be located upon the shores of St. Regis Lake if practicable . . . for the higher education of boys and girls." To keep out undesirable neighbors, Phelps Smith also provided for the formation of a "Paul Smith's Country Club," whose members should have sufficient "character, wealth, and breeding" to buy the old hotel site from the estate within ten years...
...that not one but two mining stock exchanges were founded. Later they merged as the Standard Stock & Mining Exchange, long a rival of the conservative old Toronto Stock Exchange, which dates back to 1852. With development of the great Ontario mines around Cobalt, Sudbury, Porcupine and Kirkland Lake, the wealth of the North funneled into Toronto. Thus when the greatest mining boom in Canadian history was touched off by the pound's fall from gold and the New Deal's devaluation of the dollar, Toronto was ready-set to cash...
...York Stock Exchange "Institute," SECommis-sioner William Orville ("Bill") Douglas stirred up a teapot tempest in Wall Street by unburdening himself on the "unestablished value" of customers' men, a financial tribe marked for early SEC attention. Referring to the "practice of gentlemen teaching gentlemanly ways of redistributing the wealth of their clients," tart-tongued Bill Douglas went on to observe...
...second, from staid old Montreal to booming Toronto. In mental atmosphere the two cities are different as Boston and Chicago. From the golden days of the fur trade to the building of the railroads, from the peopling of the prairies to the rise of lumber and newsprint, the wealth of Canada tended to flow through Montreal. Some of that wealth always came to rest in the snug little mansions at the foot of Mount Royal, and Montreal became about as venturesome as the Bank of England...
...wealth if not in prestige the open-handed Toronto millionaires are a match for Montreal's best. Richest man in Canada is Sir Herbert Samuel Holt, testy, 81-year-old Chairman of the Royal Bank of Canada. An Irishman from Dublin, he got his start in Canadian Pacific Ry., made a fortune in Montreal utilities, another fortune in textiles. Hardboiled, hot tempered, hobbyless, he has been known to pick up an inquisitive newshawk, toss him bodily downstairs...