During his sojourn in Chicago Mr. Angus became acquainted with
the spirit of the great west and what it was hoped might be
accomplished there. He saw the states of Illinois and Iowa
budding forth from prairie to splendidly developed communities
and reasoning by analogy he recognized what the future had in
store for the Canadian west following the construction of the
Canadian Pacific Railway. The splendid financial standing of the
Canadian Pacific Railway Company today is also in a measure due
to the wisdom of this man, whom no doubt Sir Thomas Shaughnessy
considers one of his wisest counsellors.
In 1864 Mr. Angus returned to Montreal to become second assistant
manager of the Bank of Montreal, was later appointed assistant
manager and became manager in 1868. In 1869, or two years after
the union of the British North American colonies, Mr. Angus was
appointed general manager of the Bank of Montreal, a position
which he held until November 1, 1879. It is said that during
these ten years his advice was sought many times by the different
finance ministers of the Dominion not only as regards federal
loans but also concerning the general financial policy of the
country. Although a native of Scotland, where free trade exists,
Mr. Angus looked with favor upon the protectionist program,
which triumphed in Canada on the 18th of September, 1878. He
saw therein a means whereby the Dominion could become a great
manufacturing country, and he has lived long enough to see the
splendid fruition of that policy.
Public-domain text, read in full here on John Shaqi.
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