partnership, and removed to more commodious premises lower down on Yonge Street, contiguous to the Bank of Montreal. This large establishment in its turn became too small for the ever-increasing volume of trade, and the magnificent commercial palace on Front Street, where the business is still carried on, was erected. Here, under the style of William McMaster & Nephews, the business continued to grow. As time passed by, the senior partner became engaged in large financial and other enterprises, and practically left the purely commercial operations to the management of his nephews. Eventually he withdrew from the firm altogether, but his retirement has not been passed in idleness. He has a natural aptitude for dealing with matters of finance, and this aptitude has been increased by the operations of an active mercantile life. He has been a director in several of the most important banking and insurance institutions in the country, and has always taken his full share of the work devolving upon him. Twenty years ago he founded the Canadian Bank of Commerce, and became its President. That position he has occupied ever since, and every banking-day finds him at his post. There can be no doubt that his care and judgement have had much to do with the highly successful career of the institution. Mr. McMaster was also for some time a director of the Ontario Bank, and of the Bank of Montreal. He has for many years acted as President of the Freehold Loan and Savings Company, as Vice-President of the Confederation Life Association, and as a director of the Isolated Risk--now called the Sovereign--Insurance Company. He also for many years occupied the unenviable position of Chairman of the Canadian Board of the Great Western Railway. Upon the abolition of that Board a few years ago, and the election of an English Board in its stead, Mr. McMaster was the only Canadian whose services were retained. But it is not only with financial and kindred matters that Mr. McMaster has busied himself of late years. In 1862 he for the first time entered political life, having been elected to represent the Midland Division, embracing North York and South Simcoe, in the Legislative Council of old Canada. He was opposed by Mr. John W. Gamble, who sustained a crushing defeat, and Mr. McMaster continued to represent the Midland Division until the Union. When the Senate of the Dominion was substituted for the old Legislative Council, after the accomplishment of Confederation, Mr. McMaster was chosen as one of the Senators to represent Ontario, and he has ever since taken part in the deliberations of that body. He has always been identified with the Liberal Party, but has never been an extremist in his politics, and has kept himself aloof from the faction fights of the times.