Bank of Upper Canada

Bank of Upper Canada
   Established 1823 with a capital of $41,364, which had increased in 1859 to $3,126,250. Its headquarters were in Toronto. After a long, prosperous career the bank stopped payment in 1866, the chief cause being the collapse in real estate in Canada West in 1857-1858.
   Index: Mc Increase of capital vetoed, 215; run on, 340.
   Bib.: See Banking.

The makers of Canada. 2014.

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