financial world and his advice upon matters connected with it
was frequently sought by the different finance ministers of the
Dominion, for no man in Canada had a surer grasp of difficult
financial problems, and his genius in this respect was an
enormous asset to the great institution with which he was so long
connected. His discernment was keen and his insight enabled him
readily to recognize the possibilities and probable outcome of
any business situation. The Montreal Herald spoke of him as “a
man of few words, of unerring accuracy in his judgments and of
a caution in business transactions which, while it protects the
bank from loss, does not hinder its development.” The Montreal
Witness said: “Sir Edward Clouston possesses in extraordinary
degree that sixth sense of the banker--intuition as to character,
rapid analysis of method, what is in a proposition from the first
chapter to the last--in short knowing who and what to trust.”
It was these qualities which made his cooperation sought in
various directions and brought him prominently before the public
in various important commercial and financial connections. He
was vice president of the Royal Trust Company; a director of
the Guarantee Company of North America, the Canadian Cottons,
Limited, the Canada Sugar Refining Company, the Ogilvie Flour
Mills Company, the Kaministikwia Power Company. He was chairman
of the Canadian board of the Liverpool & London & Globe Insurance
Company and the Mutual Life Insurance Company of New York. His
cooperation and support extended to various other projects of a
public or semi-public character, and at all times he manifested a
deep interest in those projects relating to general progress and
improvement or the betterment of social, intellectual, political
and moral conditions. He was vice president of the Parks and Play
Grounds Association and The Crematorium, Limited, was president
of the Royal Victoria Hospital and a governor of the Montreal
General, Montreal Maternity, Alexandra and Western Hospitals,
the Protestant Hospital for the Insane, the Fraser Institute,
the Montreal Dispensary, the Victorian Order of Nurses, and
McGill University. In 1910 he was one of the principal promoters
of the Typhoid Emergency Hospital and was a member of the
executive committee of the local branch of St. John’s Ambulance
Association. He was honorary treasurer of the King Edward VII
Memorial Fund and of many other commemorative and charitable
funds. He was a patron of art, and possessed many fine pictures
himself, while the Montreal Art Association numbered him as one
of its counselors as well as one of its generous benefactors.
Sir Edward Clouston was also well known as a sportsman, taking
an active interest in early life in football and lacrosse, and
he was also a well known racquet player. He was captain of the
Canadian team which played the Harvard University Football Club
in 1875. He was president of the Montreal Racquet Club in 1888
Public-domain text, read in full here on John Shaqi.
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