Sir Edward Clouston, 1st Baronet
Encyclopedia
Sir Edward Seaborne Clouston, 1st Baronet (May 9, 1849 – November 23, 1912) was a Canadian banker and financier.
He was born in Moose Factory to James Stewart Clouston, chief factor
of the Hudson's Bay Company
and his wife Margaret.
Clouston received his education at Montreal High School and then worked for one year for the Hudson's Bay Company before commencing employment at the Bank of Montreal
as a clerk in 1865.
He became assistant general manager of the bank in 1887, general manager in 1890 and first vice-president in 1906. He was created a baronet
in 1908.
Clouston was elected president of the Canadian Bankers Association
on several occasions and, in this capacity, advised successive Canadian Ministers of Finance
.
He also served as vice-president of the Royal Trust Company; and a director of the Guarantee Company of North America, the Canadian Cottons, Limited, the Canada Sugar Refining Company, the Ogilvie Flour Mills Company, and 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.
Brockville, Ont., and his wife, Isabella Jane in 1878. She was born at Brockville, and was educated at the Bishop Strachan School, Toronto. The couple had two daughters. She was interested in charitable works. In 1895, she was elected vice-president of a committee to preserve Mount Royal Park. She was elected an office-bearer of the Woman's National Immigration Society. The family residences included, "Boisbriant" in Senneville, Quebec.
He was born in Moose Factory to James Stewart Clouston, chief factor
Factor (agent)
A factor, from the Latin "he who does" , is a person who professionally acts as the representative of another individual or other legal entity, historically with his seat at a factory , notably in the following contexts:-Mercantile factor:In a relatively large company, there could be a hierarchy,...
of the Hudson's Bay Company
Hudson's Bay Company
The Hudson's Bay Company , abbreviated HBC, or "The Bay" is the oldest commercial corporation in North America and one of the oldest in the world. A fur trading business for much of its existence, today Hudson's Bay Company owns and operates retail stores throughout Canada...
and his wife Margaret.
Clouston received his education at Montreal High School and then worked for one year for the Hudson's Bay Company before commencing employment at the Bank of Montreal
Bank of Montreal
The Bank of Montreal , , or BMO Financial Group, is the fourth largest bank in Canada by deposits. The Bank of Montreal was founded on June 23, 1817 by John Richardson and eight merchants in a rented house in Montreal, Quebec. On May 19, 1817 the Articles of Association were adopted, making it...
as a clerk in 1865.
He became assistant general manager of the bank in 1887, general manager in 1890 and first vice-president in 1906. He was created a baronet
Baronet
A baronet or the rare female equivalent, a baronetess , is the holder of a hereditary baronetcy awarded by the British Crown...
in 1908.
Clouston was elected president of the Canadian Bankers Association
Canadian Bankers Association
The Canadian Bankers Association is a financial lobbying group that works on behalf of 52 domestic banks, foreign bank subsidiaries and foreign bank branches operating in Canada and their 267,000 employees. The CBA was organized in Montreal in 1891, making it one of Canada’s oldest interest...
on several occasions and, in this capacity, advised successive Canadian Ministers of Finance
Minister of Finance (Canada)
The Minister of Finance is the Minister of the Crown in the Canadian Cabinet who is responsible each year for presenting the federal government's budget...
.
He also served as vice-president of the Royal Trust Company; and a director of the Guarantee Company of North America, the Canadian Cottons, Limited, the Canada Sugar Refining Company, the Ogilvie Flour Mills Company, and 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.
Family
Edward Seaborne Clouston married Annie Easton, daughter of George Easton, Collector of Customs,Brockville, Ont., and his wife, Isabella Jane in 1878. She was born at Brockville, and was educated at the Bishop Strachan School, Toronto. The couple had two daughters. She was interested in charitable works. In 1895, she was elected vice-president of a committee to preserve Mount Royal Park. She was elected an office-bearer of the Woman's National Immigration Society. The family residences included, "Boisbriant" in Senneville, Quebec.
External links
- Biography at the Dictionary of Canadian Biography Online
- SIR EDWARD SEABORNE CLOUSTON from Montreal, Pictorial and Biographical (1914)