After his ten years’ tenure of office as general manager of
the Bank of Montreal Mr. Angus was called to another sphere of
usefulness. When several prominent men connected with the Bank of
Montreal bought out the Dutch interests in what was then called
the St. Paul, Minneapolis & Manitoba Railway, those interested,
realizing the ability of Mr. Angus as a financier and organizer,
asked him to leave the bank and become the representative of
their interests in St. Paul. Accepting the management of the
railway, his great success during the two years of his residence
in the American northwest has become a part of the history not
only of the American but also of the Canadian northwest. Mr.
Angus was one of the first promoters of the Canadian Pacific
Railway. He was among the earliest to recognize the stupendous
success which would attend the project if there was carried out
an enlightened policy of settlement and industrial expansion.
A syndicate was formed, with Mr. George Stephen, later Lord
Mount Stephen, and Mr. Donald A. Smith, later Lord Strathcona,
as its leading spirits. Mr. Angus was one of the original
body and he has remained in connection with the incorporated
company ever since as one of its directors. He advised upon the
strategic points where the chief entrenchments of the first
transcontinental road should be laid out and he pointed out the
spots where the Bank of Montreal could most effectively plant
its branches. This policy of his had a great deal to do with
the expansion which has brought the capitalization of the Bank
of Montreal and the Canadian Pacific Railway up to the present
colossal figures.
As general manager of the Bank of Montreal Mr. Angus served
under four presidents, namely, T. B. Anderson, E. H. King, David
Torrance and George Stephen, now Lord Mount Stephen, and he and
the latter are the only ones of the number yet living. He also
sat as director with Lord Strathcona and Sir George A. Drummond,
succeeding the latter to the presidency of the bank July 22,
1910. All admit that no one of that galaxy of financiers who have
year after year sat at the historic round table ever rendered
greater service to the institution than R. B. Angus.
At an age when most men throw off official cares and
responsibilities to enjoy the leisure which prosperity has
brought them Mr. Angus in his octogenarian prime took up as
cheerfully as would a man of forty the principal position in
Canada’s foremost financial institution. In November, 1913, on
account of advancing years and a desire to be relieved of all
financial burdens of a public character, Mr. Angus resigned the
presidency of the Bank of Montreal, but remains a member of the
board and continues to give the institution the benefit of his
ripe, wide and valuable experience.
Public-domain text, read in full here on John Shaqi.
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