Writing of his business career a local paper said: “One of the
most interesting periods of Mr. Ross’s life was that of his
prominent connection with the Dominion Coal and the Dominion
Iron and Steel Companies, lasting for a period of upwards of ten
years. At a comparatively early stage of the development of the
coal and iron industries on the island of Cape Breton, Mr. Ross
with his customary business astuteness, foresaw the possibilities
of great development, and decided to invest a considerable amount
of his capital there. He became the owner of a large block of
shares in the coal company, and after the promotion of the
Dominion Iron and Steel Company in 1901 he became a director.
As it was obvious that the interests of the two concerns would,
if steel turned out a success, be very much bound up, Mr. Ross
increased his holdings in coal until, in the same year, the Steel
Company was launched, his interest became paramount, and he was
placed in the position of being able to dictate the policy of
the company. Having retired from active participation in many
of the interests which made his earlier career such a busy one,
he determined to give his personal attention to the development
of his Cape Breton interests and with that object in view he
accepted the office of vice president of the Dominion Coal
Company and managing director of the Dominion Iron and Steel
Company in 1901.
“The succeeding years were destined to be full of business
anxieties and lively contendings but his keen business ability
and foresight brought him to the end of his active connection
with the companies a much richer man than when he went in,
despite the loss of the fight in the courts over the dispute
about the terms of the contract for the supply of coal to the
Steel Company, 1907-08.
Public-domain text, read in full here on John Shaqi.
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