In April, 1840, when the Union was in the air, at a meeting under the chairmanship of the Hon. Peter McGill, the more active members of this committee took steps to reorganize as a Board of Trade, an act of incorporation being procured in 1841, but as in those days all important bills were “reserved,” it was not till March 2, 1842, that the Royal assent was signed by proclamation and the present Board of Trade came into existence, the number of original members being 106. On April 1st of that year the first meeting of the newly incorporated board was held, at which Mr. J.T. Brondgeest was elected chairman; Mr. Thomas Cringan, vice president; and Mr. J.W. Dunscomb, treasurer.
The board under its new name, pursued the same policy as hitherto. Realizing the value of Montreal’s water position, that all trade had to follow the waterways and that all the waters of the West flowed past Montreal, the merchant members of the board secured the fastest ships to Montreal and early controlled the import trade. The Lachine Canal had been opened in 1825 and in the first decade of the new board they had the satisfaction of seeing the whole magnificent St. Lawrence system of inland water communication fully opened up through the foresight and initial push of Montreal merchants.
In 1853 the first ocean steamer, the Genova, arrived, the new channel having been deepened to fifteen feet two inches and later to sixteen feet six inches. But in 1854 and 1855 this prosperity experienced a check, for during those years no ocean vessel reached Montreal; its rival, New York, with its navigation open all the year, had greater attractions for shipping. Trade became alarmingly bad, but the Montreal merchants were not supine, they rose to the occasion and determined to deepen the channel to twenty feet, and (in 1856) the Allan Brothers came to the rescue, establishing the Montreal Ocean Steamship Company, which commenced a fortnightly service with four steamers. Since then the shipping trade has prospered continuously. The Board of Trade has continuously urged and secured improvements along the St. Lawrence route, the channel depth having been gradually increased to thirty feet and a further increase to thirty-five feet has been promised by the Dominion Government.
A few other activities of the board, which are synonymous with those of the representative merchants of the city, may be here mentioned in connection with the port. The office of port warden was established through the board and its work of overseeing the loading of vessels sailing from this port has entirely prevented the sad loss of life and property which at one time so frequently resulted from the faulty loading of cargo. The question of harbour improvement and development has always received the earnest attention of the board and the council’s representations to the Government in 1906, urging that instead of eleven commissioners there should be three, were instrumental in securing such reduction. The result of the work of the smaller board has exceeded all expectations. The Board of Trade for many years agitated for the relief of the Harbour Commissioners from the cost of the channel through Lake St. Peter on the ground that it was a national work for the national waterway, and this agitation resulted successfully, for in 1888 the Dominion Government assumed the debt, which action relieved the Harbour Commissioners from the burdensome charge for interest on such expense. Similarly the board has succeeded in its efforts to induce the Dominion Government to free the canals from tolls. But while so much improvement has been obtained, there is at present one most urgent need, viz.: the establishment on the St. Lawrence of the dry dock now constructed in which the largest vessels trading on our river can be repaired in case of emergency.
Montreal has yet to become a free port. The Board of Trade hopes that its ceaseless representations to the Government on this matter will ultimately be successful.
It would be interesting similarly to trace the efforts of members of the Board of Trade and other Montreal merchants towards the provision of the great railways emanating from our city as their center. Space limit will only allow us to indicate, that when shortly before the canal system was perfected it began to be seen that the waterways would not be sufficient to accommodate the ever growing trade of Canada, Montreal men faced the railway transportation problem and greatly contributed to its present success. In this they were largely helped by the Grand Trunk Railway which, originally backed by English money, made splendid sacrifices for Canada. The Grand Trunk Railway has not always received its just need of appreciation, but it is now a great national institution stretching its arms across the Dominion and receiving its just reward. The enterprise of Montreal merchants, is, however, mostly to be discerned in that wonderful system of railroads, with its headquarters in Montreal—the Canadian Pacific Railway, which, conceived by Canadian brains, was started by Montreal men and carried out by Canadian executive force and capital. Men of wonderful courage, skill and judgment, prominent members of the Montreal Board of Trade, concluded a contract with the Government in 1880 to complete the whole road by May 1, 1891. On the 28th of June, 1886, the first through train to the Pacific Coast left Montreal for the Pacific terminus, Vancouver. On the first board of directors (1880) of the Canadian Pacific Railway Company we find the names of Mr. George Stephen (now Lord Mount Stephen), president; Mr. Donald A. Smith (Lord Strathcona), vice president; Messrs. R.B. Angus, Duncan McIntyre, and C.B. Rose; leading members of the Board of Trade.
With regard to the water transportation of the Dominion the Georgian Bay Canal prospect has been for some years the object of the Board of Trade and on March 14, 1912, a large deputation of boards of trade and municipal councils urged upon the Dominion Government an immediate commencement of work upon the Georgian Bay Canal.
The Premier promised his earnest consideration of the great question involved but said that the Government must have time for a full investigation.
In the spring of 1914 an immense delegation organized by the Chambre de Commerce of Montréal also approached the Government to the same effect.
All praise to the merchants of the Board of Trade, who by their undaunted push, character and political foresight have written their names in the history of the development of Canada, and have bound the Mother Country, through Montreal, by bands of steel and water to the extreme ends of the Dominion. Their influence extends even further, for it is a matter of record that the congresses of the chambers of commerce of the Empire are the result of a suggestion made by the Council of the Board. The last congress was held in September, 1909, in Sydney, Australia, where the board was represented by Mr. H.B. Ames, M.P., and its secretary, Mr. George Hadrill. Nothing but good for Empire trade can come of such conventions.