the popular loans floated during the American Civil War, by the celebrated financier Jay Cooke. He collected a superb organization, embracing all the leading financiers, newspapers and selling agencies of Canada and asked the people to lend their government $300,000,000, to be spent entirely in Canada for war purposes. The result passed all expectations, for the loan was over-subscribed by more than one hundred million dollars, and about 875,000 became holders of Victory Bonds. Canada was enabled to do this by the fact that Sir Thomas and the Borden administration as a whole had, by adopting the policy of financing British credits in this country, secured enormous war orders for agricultural supplies and munitions for her farmers and manufacturers, so that the flow of money during the war reached unexampled heights. The first Victory Loan of 1917 was fruitful of good results, because it enabled Canada to continue this policy on a more extended scale, so that, though this enormous sum was invested in bonds, and added to the savings of the people, a few months later the average of deposits in the savings banks of the country was larger than it had been before the first Victory Loan was floated. In the latter part of 1917 the health of Sir Thomas broke down as a result of his stupendous anxieties and labors, but after a vacation of several months in California he returned to this country restored in health. In the autumn of 1918 he decided to float another Victory Loan, asking, as in 1917, for $300,000,000, but setting the real objective at $500,000,000. The result was another enormous over-subscription, nearly $700,000,000 having been subscribed. That such a showing should have been made by a country so limited in population as Canada, is the best proof of his skill as administrator of the nation’s finances during the most trying epoch in the history of the world. So thoroughly has Sir Thomas the confidence of his leader, Sir Robert Borden, that when in November, 1918, he left Canada for an indefinite absence as a member of the European Peace Conference, he appointed the Minister of Finance Acting Prime Minister, to take charge of the hazardous task of re-organizing the country on a peace basis. Sir Thomas is a profound student and thinker and a public speaker of rare ability. Among his activities prior to his removal to Ottawa were those of a member of the Board of Governors of Toronto University and Trustee of Toronto General Hospital. He is a Methodist in religion, and a member of the Rideau Club, Ottawa, and the York and Toronto Clubs, Toronto. On Sept. 20, 1890, he married Annie Isabel, daughter of Ellis Silverthorne, Jarvis, Ont. * * * * *