The splendid work done by Mr. Smith won him imperial honors. He was created a knight commander of the Most Distinguished Order of St. Michael and St. George by Queen Victoria in 1886 and a decade later received a knight grand cross in the same order, being privately invested by Her Majesty at Windsor Castle. At the time of the Diamond Jubilee in 1897 Queen Victoria bestowed a further mark of royal favor upon Mr. Smith by elevating him to the peerage of the united kingdom as Baron Strathcona and Mount Royal of Glencoe, in the county of Argyll, and of Montreal, in the province of Quebec and Dominion of Canada. In 1908 he was appointed a knight of the grand cross of the Royal Victorian Order and was also elected a fellow of the Royal Society, while in 1910 he became a knight of grace of the Order of the Hospitallers of St. John of Jerusalem.
In the meantime he had become identified with so many financial interests that it would be impossible to enumerate them. He also remained active in politics, unyielding as ever in all matters where subserviency was demanded by party exigencies. It has been said:
“He was not a legislator; he was not a statesman; he never wanted office; and he seldom spoke. He was forced into the house by his commanding personality and he sat there representing the silent power of the empire builder. But it is not to be supposed that he was not a working member. Probably few men did more valuable parliamentary work, while he remained a member of the house.”
In 1874 Mr. Smith resigned his seat in the Manitoba legislature, but remained a representative of the province at Ottawa, sitting for Selkirk until 1880. In 1887, at the general election, he was returned to the house of commons as member for Montreal West, now St. Antoine division, by a majority of fourteen hundred and fifty, and was reelected in 1891 by a majority of thirty-seven hundred and six, remaining the representative for Montreal West until 1896. In 1892 he was an active participant in the commercial congress held in London and in March, 1896, he served as a delegate to the Manitoba government to aid in deciding the Manitoba school question, his colleagues being Messrs. Dickey and Desjardins. In April of the same year he was sworn of the queen’s privy council of Canada, and he was commissioner to the Pacific cable conference held in London in 1896, in which year he once more attended the commercial congress. During the existence of the Imperial Federation League he was vice president of that organization for Quebec. In April, 1896, ere the conservative administration went out of power, he was appointed Canadian high commissioner in Great Britain, succeeding Sir Charles Tupper, who had filled the office since its creation in 1884. The high commissionership combines all the functions of an ambassador and financial agent but has no diplomatic standing. The appointment as high commissioner is a political one, but when Sir Wilfrid Laurier came into power Lord Strathcona still retained the position as if there had been no change in government. When the conservatives returned to power in 1911 he remained in London, with the approval of all Canada. When the expenses of the high commissioner’s office in London were being discussed in the Dominion house of commons the late Sir Richard Cartwright said:
“I believe that Canada has in very important respects been extremely well served by Lord Strathcona since he has represented us in Great Britain. It is a matter of no small moment to Canada that our representative should be well and favorably known on the London Stock Exchange as a man of the highest honor and probity, and a man whose word is universally admitted to be his bond. I need not tell the house that the emoluments are absolutely naught to Lord Strathcona. I need not tell the house that in all probability, in the exercise of hospitality which he has indulged in during a single London season, he will vastly exceed all that is nominally assigned to him as the representative of Canada. I think every member of the house who has occasion to visit London will testify that, whether or not the office in other respects comes up to all that he desires, Lord Strathcona, at any rate, is worthy of upholding in every possible way the honor and dignity of Canada. I may further add that Lord Strathcona is a man whose advice is eagerly sought and has very great weight, indeed, with the British government and with Englishmen, Scotsmen and Irishmen of every rank and station. As regards his influence in what I may call the diplomatic circle and the ministerial circle and on the Stock Exchange, Canada would find it pretty hard, indeed, to replace Lord Strathcona.”
Lord Strathcona’s name stands high on the roll of those who have figured most prominently in financial circles in the Dominion. He was one of the large shareholders of the Bank of Montreal, became its vice president in 1882 and president in 1887. It was only after many years’ residence in London that he resigned in 1905, whereupon he was immediately elected honorary president for life. He studied banking from every possible standpoint and in all of its relations to other business interests. His first address to the shareholders after he became president was a notable one. He spoke of the bountiful harvests in Canada and in the American northwest and recognized the fact that shipping interests must bring the grain to Montreal and that the bank would benefit thereby. Few men would have considered the question in so wide a scope. Year after year during his presidency Lord Strathcona continued to call attention to the wealth of the nation as provided by the agricultural districts of the northwest and time has proven the wisdom of his judgment in this regard.
Not only was Lord Strathcona a railroad builder, a distinguished financier and a political leader, but he was also one of Canada’s most generous philanthropists. He never for a moment forgot his own struggles and his hand was ever out-reaching to assist another. His munificence was princely, yet his giving was most unostentatious in its character and no one will ever know the extent of his private charities. Some of his gifts, however, he could not conceal. In association with Lord Mount Stephen he gave one million for the erection of a great hospital in Montreal to commemorate the queen’s jubilee. Later, when the building had been erected on the mountain side, they gave equally in the sum of eight hundred thousand to endow the institution and the Royal Victoria is today one of the best equipped hospitals on the continent. Modern science has been exhausted to furnish it adequately and the large endowment makes it possible to keep pace with the newest discoveries and inventions. McGill University has again and again been the beneficiary of Lord Strathcona until the sum total of his gifts reaches two million dollars, and in addition he has presented to the university the land on which to erect the new medical building and the site and building of the Royal Victoria College. He also gave the income of a million dollars as an endowment to the Royal Victoria College and the chair of zoology. The former was founded for the higher education of women and is one of the most popular and useful of his bequests to McGill. Lord Strathcona was early chosen a governor of McGill and was elected chancellor of the university in 1889. The gifts to the university for the faculty of medicine included the Leanchoil endowment, in memory of his mother, fifty thousand dollars; for endowment of the chair of pathology, fifty thousand dollars; for endowment of the department of hygiene, fifty thousand dollars. The faculty of applied science benefited by the endowment of its pension fund, fifty thousand dollars, while the faculty of arts also benefited by a like amount for the same object. Of the five hundred thousand dollar gift, given in 1909, it was stipulated that fifty thousand should go for augmenting the salaries of the professional staff. To the Trafalgar Institute, affiliated with McGill University, he gave thirty thousand dollars. Together with Lord Mount Stephen he endowed a Canadian scholarship in the Royal College of Music, London, and subsequently endowed a second scholarship on his own account. Lord Strathcona took an active interest in the cooperative scheme put in operation in 1912 by the Montreal Theological Colleges affiliated with McGill and in the summer of 1913 contributed one hundred thousand dollars to a half million dollar fund raised by the friends of the four institutions concerned—Anglican, Presbyterian, Methodist and Congregational—to place the joint work upon a permanent basis. As honorary chairman of the Western committee of the Young Men’s Christian Association Lord Strathcona gave one hundred and fifty thousand dollars to funds for the Young Men’s Christian Association buildings in Manitoba, Saskatchewan, Alberta and British Columbia.
Lord Strathcona’s patriotism and generosity found expression in the equipment of the famous Strathcona Horse, a military force of five hundred and forty men completely equipped and sent to the front at a critical period of the war. He paid the expenses of equipment, pay and transport until the regiment reached Cape Town. The service of the regiment was, indeed, a credit to its founder and has become a part of the military history of Canada. Another of Lord Strathcona’s beneficent gifts was the contribution of two hundred and fifty thousand dollars to create an annual fund of ten thousand dollars for the encouragement of physical and military training in the public schools of the Dominion. In writing upon this subject Lord Strathcona said:
“While I attach the highest importance to the advantages of physical training and elementary drill for all children of both sexes, I am particularly anxious that the especial value of military drill, including rifle shooting for boys capable of using rifles, should be constantly borne in mind. My object is not only to help to improve the physical and intellectual capabilities of the children by inculcating habits of alertness, orderliness and prompt obedience but also to bring up the boys to patriotism and to a realization that the first duty of a free citizen is to be prepared to defend his country. The Dominion at the present time and for many years to come can hardly hope to be able to give so long a period of training to her military forces as by itself would suffice to make them efficient soldiers, but if all boys had acquired a fair acquaintance while at school with simple military drill and rifle shooting the degree of efficiency which could be reached in the otherwise short period which can be devoted to the military training of the Dominion forces would in my opinion be enormously enhanced.”