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1864 A Run on the Bank of Toronto

While sitting for a portrait by J.W.L. Forster,  William Gooderham, who founded the Bank of Toronto told this story:

 A “run” once occurred on the bank, and a menacing crowd threatened its demolition, as the doors had been closed against them. Hearing of the disturbance he mounted a horse and galloped up. He rode against the mob and shouted, “If you damage the building, your money will have to rebuild it, and you’ll get nothing; if you go home quietly you’ll be repaid every ha’penny.” They took his advice, and in a short time were paid in full.

 1864 The Bank of Toronto was at 58 Wellington Street, Toronto

Excerpt from Under The Studio Light by J.W. L. Forster

1864 A Run on the Bank of Toronto

A Story by J.W. L. Forster, a painter who painted William Gooderham Sr and Jr and William George Gooderham. The story is based on a tale told by William Sr as he sat for the portrait.

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