The Bank of Upper Canada was established in 1821 under a charter granted by the legislature of Upper Canada in 1819 to a group of Kingston merchants. The charter was appropriated by the more influential Executive Councillors to the Lt. Governor, the Rev. John Strachan and William Allan , and moved to Toronto. The bank was closely associated with the group that came to be known as the Family Compact , and it formed a large part of their wealth. The association with the Family Compact and its underhanded practices made Reformers, including Mackenzie, regard the Bank of Upper Canada as a prop of the government. Complaints about the bank were a staple of Reform agitation in the 1830s because of its monopoly and aggressive legal actions against debtors.
79-483: Following the Upper Canada Rebellion of 1837 Lieutenant Governor of Upper Canada Sir George Arthur directed the construction of a Sherbourne Blockhouse , and a ring of six other blockhouses -- to guard the approaches to Toronto in case there was another rebellion. The Sherbourne Blockhouse was located at the northern end of Sherbourne Street , at the current intersection with Bloor , just south of
158-539: A National Historic Site of Canada . Designed by architect William Warren Baldwin , 1825–27, the bank resembled a London townhouse with a Doric portico. The Toronto building is on the Registry of Historical Places of Canada, along with two branches. The 86 John Street branch in Port Hope, Ontario , built in 1857 by Cumberland and Storm (last operated by Ontario Bank in 1881 and now Hotel Carlyle and Restaurant) and
237-599: A depression in the Anglo-American world. This was worsened in Upper Canada by bad wheat harvests in 1836 and farmers were unable to pay their debts. Most banks – including the Bank of Upper Canada – suspended payments by July 1837 and successfully obtained government support while ordinary farmers and the poor did not. One fifth of British immigrants to Upper Canada were impoverished and most immigrant farmers lacked
316-611: A key role in solidifying the Family Compact and ensuring its influence within the colonial state. Forty-four men served as bank directors during the 1830s; eleven of them were executive councillors, fifteen of them were legislative councillors, and thirteen were magistrates in Toronto. More importantly, all 11 men who had ever sat on the Executive Council also sat on the board of the bank at one time or another. Ten of
395-514: A legislated Act in order to operate. The joint stock banks thus lacked limited liability , and every partner in the bank was responsible for the bank's debts to the full extent of their personal property. The chartered banks, in contrast, protected their shareholders with limited liability and hence from major loss; they thus encouraged speculation. The Scottish joint-stock banks followed a " hard money policy ." They avoided speculative risk because if they failed, their shareholders were responsible for
474-824: A legislative councillor, President of the Toronto and Lake Huron Railroad, Governor of the British American Fire and Life Assurance Company and President of the Board of Trade." Members of the Family Compact utilized their official positions for monetary gain, especially through corporations such as the Bank of Upper Canada , and the two land companies (the Clergy Corporation and the Canada Company ) that between them controlled two-sevenths of
553-487: A messenger to Lount to tell him not to arrive until December 7 but was unable to reach Lount in time. The men gathered at Montgomery's Tavern but were disappointed at the lack of preparation and the failure of the Lower Canada rebels. Although Lount wanted to launch an attack that night, other rebels leaders rejected that plan so that the troops could rest after their march and they could get information from Rolph about
632-416: A negotiation with Rolph, who accepted. Rolph and Robert Baldwin met the rebel troops at Gallows Hill and stated the government's proposal of full amnesty to the rebels if they dispersed immediately. Lount and Mackenzie asked that this offer be presented in a written document and a convention be organised to discuss the province's policies. When Rolph and Baldwin returned to Bond Head, they were informed that
711-539: A rebellion began in Toronto. The mayor of Toronto refused to ring the City Hall bell if a rebellion began because he felt Fitzgibbon was causing unnecessary concern over a possible revolt. A Tory supporter obtained a copy of Mackenzie's declaration and showed it to authorities in Toronto. Government officials met at the Lieutenant Governor's residence on December 2 to discuss how to stop rumours of
790-425: A rebellion. Fitzgibbon warned the men of rebels forging pikes north of the city and he was appointed adjutant general of the militia. Rolph tried to warn Mackenzie about the warrant for his arrest but could not find him so delivered the message to Lount instead. Upon receiving Rolph's message Lount marched a group of rebels into Toronto for December 4. When hearing about this change, Mackenzie quickly tried to send
869-449: A sarcastic tone that belittled reformers. The Reform-dominated Assembly responded by refusing to pass the money bill , which halted the payment of salaries and pensions to many government workers. Bond Head then refused to pass any legislation from that government session including major public works projects. This caused a recession in Upper Canada. The movement was disappointed when Bond Head made it clear he had no intention of consulting
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#1732783365189948-736: A similar armed rebellion, the Newport Rising , in Wales in 1839. The Canadian Alliance Society was reborn as the Constitutional Reform Society in 1836, and led by the more moderate reformer, William W. Baldwin . The Society took its final form as the Toronto Political Union in 1837 and they organized local "Vigilance Committees" to elect delegates to a Constitutional Convention in July 1837. This became
1027-553: A special act of legislature allowed it to continue operating without having to repay its loans with specie. The bank was a small operation, which, like many other early Canadian banks, collapsed in 1866. On 10 July 1832, President Andrew Jackson vetoed the bill for the rechartering of the Second Bank of the United States , arguing that it was utilized by a "moneyed aristocracy" to oppress the common man. The same complaint
1106-516: A tight bond between the nominally private company and the state. Despite the tight bonds, the Receiver General , the reform-leaning John Henry Dunn , refused to use the bank for government business. The bank's principal promoters were the Rev. John Strachan and William Allan . William Allan, who became president, was also an Executive and Legislative Councillor . He, like Strachan, played
1185-927: The 12th Parliament of Upper Canada but the Family Compact held the majority in the Legislative Council. The union was reorganized as the Canadian Alliance Society in 1835 and adopted much of the platform of the Owenite National Union of the Working Classes in London , England, that were to be integrated into the Chartist movement in England. In pursuit of this democratic goal, the Chartists eventually staged
1264-503: The Family Compact incurred as the results of general improvements to the province, such as the Welland Canal . The Upper Canada legislature refused to pass a supply bill in 1836 after Bond Head refused to implement responsible government reforms. In retaliation Bond Head refused to sign any bills passed by the assembly, including public work projects. This contributed to economic hardship and increased unemployment throughout
1343-644: The Farmers' Storehouse company . That came to an end in 1835 when Charles Duncombe produced a "Report on Currency" for the Legislative Assembly, which demonstrated the legality of the Scottish joint-stock bank system in Upper Canada. The difference between the English chartered banks and the Scottish joint stock banks is that the Scottish banks were considered partnerships and hence didn't need
1422-603: The French Revolution of 1789–99, the Haitian Revolution of 1791–1804, the Irish Rebellion of 1798 , and the independence struggles of Spanish America (1810–1825). While these rebellions differed in that they also struggled for republicanism , they were inspired by similar social problems stemming from poorly regulated oligarchies, and sought the same democratic ideals, which were also shared by
1501-649: The Home District and Simcoe County created weapons for the rebellion. On October 9, 1837, a messenger from the Patriotes of Lower Canada informed Mackenzie that the rebellion in Lower Canada was going to begin. Mackenzie gathered reformers at John Doel's brewery and proposed kidnapping Bond Head, bringing him to city hall and forcing him to let the Legislature choose the members of the Executive Council. If Bond refused, they would declare independence from
1580-507: The Rosedale Ravine . The blockhouses were two stories tall, and designed to accommodate up to 44 soldiers. The two stories were at 45 degrees to one another—a design intended to make it easier to observe in all directions. Construction of the blockhouses was budgeted at 330 British Pounds . They were completed in 1838. By 1850 they were staffed by a skeleton crew of former soldiers, who served as caretakers. The Spadina Blockhouse
1659-404: The "baneful domination" of the mother country. Struggling to avoid the charge of sedition, reformers later purposefully obscured their true aims of independence from Britain and focused on their grievances against the Family Compact. Thus, responsible government became a "pragmatic" policy of alleviating local abuses, rather than a revolutionary anti-colonial moment. William Kilbourn stated that
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#17327833651891738-530: The American Revolutionary War but had devalued badly, leading to general distrust of banknotes. Banknotes then were not legal tender, issued by a state bank. They were, rather, similar to cheques written by the bank promising to pay the bearer with "real" (usually metallic) money, or specie , if they returned the cheque to the bank. Any bank that could not redeem its banknotes with specie was forced to close for good. The Bank of Upper Canada
1817-564: The Bank of Upper Canada used all of its influence to prevent any other bank from being chartered in the province. The monopoly was crucial to keeping its notes in circulation and boosting its profits. It succeeded only until 1832, when the Commercial Bank of the Midland District was chartered finally giving Kingston the bank it desired. Paper currency was a banking innovation in the era. It had been experimented with to fund
1896-538: The Bank of the People and quickly began to expand its branch network. The Bank of British North America also entered the provincial market around that time. As a result, the Bank changed its strategy and in 1850 it became the official bank of the Province of Canada, collecting all government revenue and issuing all government cheques. By 1863, the bank was struggling; in 1866 the Bank of Upper Canada closed its doors;
1975-694: The British Empire. Reformers such as Thomas David Morrison opposed this plan and the meeting ended without consensus on what to do next. The next day Mackenzie convinced John Rolph that a rebellion could be successful and happen without anyone being killed. Rolph convinced Morrison to support the rebellion but they also told Mackenzie to get confirmation of support from rural communities. Mackenzie sought out support in rural communities but he also proclaimed that an armed rebellion would happen on December 7 and assigned Samuel Lount and Anthony Anderson as commanders. Rolph and Morrison were reluctant about
2054-730: The British North American colonies, so that Arthur reported to Durham. Durham was assigned to report on the grievances among the British North American colonists and find a way to appease them. His report eventually led to greater autonomy in the Canadian colonies and the union of Upper and Lower Canada into the Province of Canada in 1840. Over 800 people were arrested after the rebellion for being Reform sympathisers. Van Egmond died of an illness he acquired while imprisoned while Lount and Peter Matthews were sentenced to
2133-616: The British colony of Upper Canada (present-day Ontario ) in December 1837. While public grievances had existed for years, it was the rebellion in Lower Canada (present-day Quebec ), which started the previous month, that emboldened rebels in Upper Canada to revolt. The Upper Canada Rebellion was largely defeated shortly after it began, although resistance lingered until 1838. While it shrank, it became more violent, mainly through
2212-534: The Crown providing goods for the people. Reformers such as Mackenzie and Samuel Lount lost their seats in the Legislature and they alleged that the election was fraudulent. They prepared a petition to the Crown protesting the abuses, carried to London by Charles Duncombe , but the Colonial Office refused to hear him. The new Tory-dominated Legislature passed laws that exacerbated tensions including continuing
2291-413: The Executive Council in the daily operations of the administration. The Executive Council resigned, provoking widespread discontent and an election in 1834. Unlike previous Lt. Governors, Bond Head actively supported Tory candidates and utilized Orange Order violence in order to ensure their election. He appealed to the people's desire to remain part of the British Empire and a paternalistic attitude of
2370-525: The Farmers' Bank and the Bank of the People were founded on a joint stock basis, until the Family Compact conspired to make new ones illegal in 1838. The monopoly of the Bank of Upper Canada had been slowly eroding with the chartering of the Commercial Bank, and then the joint-stock banks. The Act to outlaw further joint-stock banks in 1838 again tilted towards monopoly. However, in 1841 the Bank of Montreal , long seeking an entry into Upper Canada, purchased
2449-528: The House of Assembly, he criticized the Bank's lack of transparency and accountability to the legislature. The Bank of Upper Canada at York (Toronto) had obtained its charter at the expense of the larger, more economically developed town of Kingston. Deprived of their charter, they established an unchartered bank in 1818 supported with American capital. The government refused to accept its notes given its American ties, and it went bankrupt in 1822. After its failure,
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2528-537: The Legislative session after the death of the King, prohibiting members of the Legislature from serving as Executive Councillors, making it easier to sue indebted farmers, protecting the Bank of Upper Canada from bankruptcy, and giving Legislative Councillors charters for their own banks. On July 10, 1832, US President Andrew Jackson vetoed the bill for the refinancing of the Second Bank of the United States , causing
2607-674: The Rebellion involved the provisions of the Constitutional Act of 1791, which had created Upper Canada's political framework. The Family Compact dominated the government of Upper Canada and the financial and religious institutions associated with it. They were the leading members of the administration: executive councillors, legislative councillors, senior officials and some members of the judiciary. Their administrative roles were intimately tied to their business activities. For example, William Allan "was an executive councillor,
2686-499: The State of Upper Canada that closely resembled the objectives in the constitution of the Canadian Alliance Society in 1834. Mackenzie printed broadsheets listing grievances and a call to arms to communities surrounding Toronto. Mackenzie also printed handbills declaring independence which were distributed to citizens north of Toronto. Bond Head did not believe the reports that stated the severity of resources and discontent gathered by
2765-526: The United Kingdom's Chartists . The rebellion in Lower Canada, followed by its Upper Canada counterpart, led directly to Lord Durham 's Report on the Affairs of British North America , and to The British North America Act, 1840 , which partially reformed the British provinces into a unitary system, leading to the formation of Canada as a nation in 1867. Many of the grievances which underlay
2844-622: The Windmill , just eleven months after the initial battle at Montgomery's Tavern. The British government was concerned about the rebellion, especially in light of the strong popular support for the rebels in the United States and the Lower Canada Rebellion . Bond Head was recalled in late 1837 and replaced with Sir George Arthur who arrived in Toronto in March 1838. Parliament also sent Lord Durham to become Governor-in-Chief of
2923-538: The bank's workings. Politician and former journalist William Lyon Mackenzie saw the bank as a prop of the Government and demanded farmers withdraw the money they had deposited in the bank and public confidence in the bank decreased. The government of Upper Canada feared a growing interest in American-inspired republicanism in the province because of the increase in immigration of American settlers to
3002-478: The banks received government support, ordinary farmers and the poor did not. The Bank of Upper Canada was the subject of almost continuous political attack. Shortly after its founding, Reform critic William Lyon Mackenzie published a series of articles on how speculative the Bank's loan practices were, and how close to bankruptcy it was. That resulted in an event, now known as the Types Riot , in 1826 in which
3081-476: The capital to pay for purchased land. Debt collection laws allowed them to be jailed indefinitely until they paid their loans to merchants. In March 1837 the Tories passed a law making it cheaper to sue farmers by allowing city merchants to sue in the middle of harvest. If the farmer refused to come to court in Toronto, they would automatically forfeit the case and their property subjected to a sheriff's sale. Among
3160-422: The city and Mackenzie marched his troops towards Toronto. A group of twenty-six men led by Samuel Jarvis met the rebels on their march and fired upon them before running away. The rebels believed there were several battalions of troops firing upon them and several ran away. Lount encouraged some riflemen to return fire before realising that the enemy had left the battlefield. Lount and the riflemen marched to find
3239-428: The clique of Bank officers dubbed the Family Compact destroyed Mackenzie's printing press. Mackenzie, a bank critic, pushed for a non-speculative " hard money " policy where the bank loaned out only money that it actually had. Until 1835, all banks in Upper Canada required a legislative charter. Reformers tried several legislative strategies to get their own bank, including attempts to incorporate credit unions such as
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3318-416: The first three years of its operation, the bank's notes comprised between 74 and 77% of the province's money supply. Between 1823 and 1837, its profit on paid in capital ranged between 3.6% (1823) and 16.5% (1832) at a time when the maximum legal interest rate was 6%. The Bank of Upper Canada suspended payments from March 5, 1838 to November 1, 1839 during the financial panic of that year. It was bankrupt, but
3397-635: The former rebels were compensated by the Canadian government for their lost property in the rebellion aftermath. The rebels from Toronto travelled to the United States in groups of two. Mackenzie, Duncombe, Rolph and 200 supporters fled to Navy Island in the Niagara River and declared themselves the Republic of Canada on December 13. They obtained supplies from supporters in the United States, resulting in British reprisals (see Caroline affair ). On January 13, 1838, under attack by British armaments,
3476-590: The full loss. Since the banks did not require a legislated charter, many more banks could be founded, and they were more competitive and freer from political influence and corruption. Duncombe's report opened the gate for many new competitive banks to enter the market - just as the entire Anglo-American financial system was coming apart at the seams in a financial panic lasting until after the Rebellions of 1837 . The Bank of Upper Canada survived only because of its influence on government. Following Duncombe's report,
3555-450: The gallows for leading the rebellion. Other rebels were also sentenced to hang and ninety-two men were sent to Van Diemen's Land . A group of rebels escaped their prison at Fort Henry and travelled to the United States. A general pardon for everyone but Mackenzie was issued in 1845, and Mackenzie himself was pardoned in 1849 and allowed to return to Canada, where he resumed his political career. John Charles Dent , writing in 1885, said
3634-533: The government troops. They agreed to send sixty men to the Don Bridge to divert government troops. That afternoon a sentinel reported the government force's arrival from Gallows Hill. At this point only 200 men at Montgomery's Tavern were armed. The armed forces were split into two companies and went to fields on both sides of Yonge Street. The rebels without arms were sent to the tavern with their prisoners. The government forces also split into two companies when
3713-446: The government's offer had been withdrawn. Rolph and Baldwin relayed the rejection to the rebels, and Rolph told Mackenzie that they should attack as soon as possible because the city was poorly defended. Instead, Mackenzie spent the day burning down the house of Bank of Upper Canada official and questioning the loyalty of his troops. A few hours later Rolph sent a messenger to Mackenzie that Toronto rebels were ready for their arrival to
3792-418: The government. At noon Bond Head ordered that the troops, consisting of 1200 men and two cannons, march towards the rebels. Anthony Van Egmond arrived at the tavern on December 7 and encouraged the rebel leaders to disperse, as he felt the rebellion would not be a success. His advice was rejected, so he proposed entrenching and defending their position at the tavern. Mackenzie disagreed and wanted to attack
3871-406: The land in the province. Lacking the minimum capital needed to found the bank, the corporate leaders persuaded the government to subscribe for a quarter of its shares. During the 1830s, a third of the bank's board were Legislative or Executive Councillors, and the remainder all magistrates. Despite repeated attempts, the elected Legislature – which had chartered the bank – could not obtain details on
3950-412: The letter and continued his plan for rebellion. On Wednesday morning Peter Matthews arrived at the tavern with sixty men, but Mackenzie could still not convince the rebel forces to march towards Toronto. Instead, they decided to wait for Anthony Van Egmond to lead the rebellion into Toronto. The rebels raided a mail coach, stole the passenger's money and looked for information about the progress of
4029-510: The men also sat on the Legislative Council. The overlapping membership on the boards of the Bank of Upper Canada and on the Executive and Legislative Councils served to integrate the economic and political activities of the church, state, and the "financial sector." The overlapping memberships reinforced the oligarchic nature of power in the colony and allowed the administration to operate without any effective elective check. Henry John Boulton ,
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#17327833651894108-409: The more than 150 lawsuits they launched that year, the Bank of Upper Canada, sued Sheldon, Dutcher & Co., a foundry and Toronto's largest employer with over 80 employees in late 1836, bankrupting the company. Mackenzie's first plan for rebellion involved calling on Sheldon & Dutcher's men to storm the city hall, where the militia's guns were stored. The Reformers were incensed at the debt that
4187-497: The neck and escaped back to Toronto to report to Bond Head. The rebel leaders met that night to discuss who would become the rebellion's leader after the death of Anderson and Lount's refusal to lead on his own. It was decided that Mackenzie would become the leader. At noon on December 5, Mackenzie gathered the rebels and marched them towards Toronto. Meanwhile, Bond Head proposed a negotiating session with rebel leaders to Marshall Spring Bidwell , who declined. Bond Head then offered
4266-539: The organizational structure for the Rebellion and most of the rebel organizers were elected Constitutional Convention delegates. Sir Francis Bond Head was appointed as Lieutenant-Governor and the Reform movement believed he would support their ideas. After meeting with Reformers, Bond Head concluded that they were disloyal to the British Empire and allied himself with the Family Compact. He refused proposals to bring responsible government to Upper Canada, responding in
4345-608: The plan so Mackenzie sought Anthony Van Egmond to help lead the armed forces. In November 1837, in the lead-up to the Political Union's Constitutional Convention, Mackenzie published a satire in the Constitution , a round table discussion by John Locke , Benjamin Franklin , George Washington , Oliver Goldsmith and William Pitt and others. As part of this satire, he published a draft republican constitution for
4424-611: The province. Mackenzie gathered reformers on July 28 and 31, 1837 to discuss their grievances with the government. The meeting created the Committee of Vigilance and signed a declaration urging every community to send delegates to a congress in Toronto and discuss remedies for their concerns. Mackenzie printed the declaration in his newspaper and toured communities north of Toronto to encourage citizens to make similar declarations. Farmers organised target practice sessions and forges in
4503-545: The province. The large number of migrants led American legislators to speculate that bringing Upper Canada into the American fold would be a "mere matter of marching". After the War of 1812 the colonial government prevented Americans from swearing allegiance, thereby making them ineligible to obtain land grants. Relations between the appointed Legislative Council and the elected Legislative Assembly became increasingly strained in
4582-456: The rebel's march into Toronto and notified Fitzgibbon, who tried unsuccessfully to have officials take action. On December 4, Mackenzie and other rebels were patrolling the area and encountered Alderman John Powell and Archibald Macdonald . Mackenzie took both men prisoner but did not search them for weapons as they gave their word that they did not have any. As they were approaching Montgomery's Tavern Powell mortally shot Anthony Anderson in
4661-597: The rebellion hastened the changes Reformers advocated by drawing attention to the province from the Colonial Office and the production of the Durham Report . Paul Romney argued that the above assessments are a failure of historical imagination and the outcome of an explicit strategy adopted by reformers in the face of charges of disloyalty to Britain in the wake of the Rebellions of 1837. In recounting
4740-416: The rebellion in London , Upper Canada. Mackenzie also attacked other travellers and robbed them or questioned them about the revolt. The government organised a council of war and agreed to attack the rebels on December 7. Fitzgibbon was appointed commander of the government's forces. Although initially believing the government's position was untenable he was inspired by a company of men that formed to defend
4819-408: The rebellion was a reaction from the public of the government mismanagement of the minority ruling elite. Frederick Armstrong believed the rebellion was a reaction to patronage afforded to members of the Family Compact after winning the 1836 election. Dent wrote that the rebellion caused England to notice the concerns of Canadian reformers and reconsider their colonial rule of the province. He thought
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#17327833651894898-424: The rebels fired upon them. The rebels dispersed in a panic after the first round of firing thinking the rebel's front row had been killed when they were simply dropping to the ground to allow those behind them to fire. The government continued their march and at Montgomery's Tavern a cannon shot into the dining room window. The rebels fled north and the morale of the rebellion was irreparably broken. Bond Head ordered
4977-576: The rebels fled. Mackenzie went to the United States mainland where he was arrested for violating the Neutrality Act . The rebels continued their raids into Canada using the U.S. as a base of operations and, in cooperation with the U.S. Hunters' Lodges , dedicated themselves to the overthrow of British rule in Canada. The raids did not end until the rebels and Hunters were defeated at the Battle of
5056-464: The rebels who fled and found Mackenzie trying to convince the rebels to continue their path towards Toronto. The rebels refused to march until daylight. On Tuesday night MacNab arrived in Toronto with sixty men from the Hamilton area. Morrison was arrested and charged with treason while Rolph sent a letter encouraging Mackenzie to send the rebels home then fled to the United States. Mackenzie ignored
5135-444: The rebels. In November 1837, James Fitzgibbon was concerned about soldiers leaving Upper Canada going to quell the Lower Canada Rebellion and urged Bond Head to keep some troops for protection, which was refused. Fitzgibbon's call to arm a militia was also denied and he refused an armed guard at the Government's House and City Hall. After the Battle of Saint-Denis Fitzgibbon prepared a list of men that he could contact personally if
5214-559: The removal of Radicals from Upper Canada politics, either through execution or their retreat to the United States, allowed the Clear Grits to be formed as a more moderate political force that had fewer disagreements with the Tories than the reformers. Bank of Upper Canada The first Bank of Upper Canada was located on the south-east corner of King and Frederick streets in York , Upper Canada (later Toronto , Canada West ). York
5293-436: The solicitor general, author of the bank incorporation bill and the bank's lawyer, admitted the bank was a "terrible engine in the hands of the provincial administration." William Lyon Mackenzie , the Reform politician and newspaper publisher, was the first to demonstrate the nature of that oligarchic power by showing that the government, its officers, and legislative councillors owned 5,381 of its 8,000 shares. Once elected to
5372-407: The status of rebels who lived in Toronto. A loyalist named Robert Moodie saw the large gathering at Montgomery's Tavern and rode towards Toronto to warn the officials. The rebels set up a roadblock south of the tavern on Yonge Street that Moodie tried riding through. He was wounded in an ensuing battle and taken to the tavern, where he died several hours later in severe pain. Another horseman saw
5451-422: The stockholders lost all of their investment of more than $ 3 million, and over $ 1 million dollars in taxpayers money was also lost. The 1827 Bank of Upper Canada Building , its second headquarters (first home was a Georgian building from 1822 and demolished 1880s with current building (now Young People's Theatre ) replacing it in 1887), still exists, located on Toronto 's Adelaide St East. It has been designated
5530-665: The support of the Hunters' Lodges , a secret United States–based militia that emerged around the Great Lakes , and launched the Patriot War in 1838. Some historians suggest that although they were not directly successful or large, the rebellions in 1837 should be viewed in the wider context of the late-18th- and early-19th-century Atlantic Revolutions including the American Revolutionary War in 1776,
5609-520: The supposed atrocities committed by Bond Head against all suspected reformers to help increase anti-government support. It is estimated that there were between 400 and 500 rebels who assembled under Duncombe. Colonel Allan MacNab , who had just finished leading Upper Canadian militiamen during the Battle of Montgomery's Tavern, was sent to engage Duncombe's uprising. He left Hamilton, Ontario on December 12 and arrived in Brantford on December 13. Although many rebels, including Duncombe, had fled prior to
5688-419: The tavern to be burned down and the rebels arrested. News of the intended rebellion had reached London, Upper Canada and its surrounding townships by December 7. It was initially thought that the Toronto rebellion was successful, contributing to Charles Duncombe wanting to rise up as well. Upon hearing more details about the rebellion in Toronto, Duncombe convened a series of public meetings to spread news of
5767-464: The upcoming battle due to hearing about the failure of Mackenzie in Toronto and general disorganization, there were still some present in Scotland, Ontario and MacNab commenced his attack on Scotland on December 14, causing the remaining rebels to flee after only a few shots were fired. The victorious Tory supporters burned homes and farms of known rebels and suspected supporters. In the 1860s, some of
5846-402: The years after the war, over issues of immigration, taxation, banking and land speculation. The Upper Canada Central Political Union was organized in 1832–33 by Thomas David Morrison and collected 19,930 signatures on a petition protesting William Lyon Mackenzie's expulsion from the House of Assembly. The Reformers won a majority in the elections held in 1834 for the Legislative Assembly of
5925-407: The “myths of responsible government”, Romney opined that after the ascendancy of Loyalism as the dominant political ideology of Upper Canada any demand for democracy or for responsible government became a challenge to colonial sovereignty. In his view, the linkage of the "fight for responsible government" with disloyalty was solidified by the Rebellion of 1837, as reformers took up arms to finally break
6004-417: Was able to lend out many more banknotes than it had the cash to redeem because Upper Canada was a specie-poor province, and the notes would pass from hand to hand to enable trade without ever being returned to the bank. On average, the bank lent out more than three times more banknotes than it could redeem; it made 6% interest on each note that it loaned out. The bank's manager, Thomas Ridout, estimated that in
6083-428: Was demolished sometime before 1854. The Yonge Blockhouse was demolished in 1865. The Sherbourne Blockhouse was demolished in 1875. Numerous sketches of it have survived to the current day. 43°40′21″N 79°22′37″W / 43.67239°N 79.37683°W / 43.67239; -79.37683 Upper Canada Rebellion The Upper Canada Rebellion was an insurrection against the oligarchic government of
6162-500: Was lodged by the Reformers against the Bank of Upper Canada, which served a similar role. The dismantling of the bank plunged the Anglo-American world into an enormous depression (1836-8) that was worsened by bad wheat harvests in Upper Canada in 1836. Farmers were unable to pay their debts. Most banks, including the Bank of Upper Canada,- suspended payments (i.e. declared bankruptcy) by July 1837 and requested government support. While
6241-413: Was then too small for a bank, and its promoters were unable to raise even the minimal 10% of the £200,000 authorized capital required for start-up. The bank succeeded only because its promoters had the political influence to have that minimum reduced by half, and the provincial government subscribed for 2000 of its 8000 shares. The lieutenant-governor appointed four of the bank's fifteen directors, making for
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