Collection search - Industrial Mortgage and Savings Company fonds [textual record]

Record information – Brief
1
Industrial Mortgage and Savings Company fonds [textual record]

Hierarchical level:

Fonds

Date:

1891-1931.

Reference:

R3707-0-5-E, MG28-II8

Type of material:

Textual material

Found in:

Archives / Collections and Fonds

Item ID number:

105690

Context of this record:

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Industrial Mortgage and Savings Company fonds
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Record information – Details
Fonds includes:

2 lower level description(s)
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Date(s):

1891-1931.

Place of creation:

Ontario

Extent:

5.6 m of textual records.

Language of material:

English

Scope and content:

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Fonds consists of correspondence, some with the company's western agent and lawyer. The general correspondence relates to daily business operations. The material is mostly incoming. There is also correspondence with particular individuals or businesses, mostly relating to specific aspects of the company's operations, as well as a pamphlet entitled, "Sarnia and District Review", 1970.

Provenance:

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Industrial Mortgage and Savings Company

Biography/Administrative history:

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Industrial Mortgage and Savings Company : In the nineteenth century, mortgage companies were an important part of the Canadian banking system, particularly in the period 1879-1883 when they underwent a major period of growth. Income was raised in Britain through the sale of debentures and imported into Canada where it was invested in farm mortgages. Surplus capital was made available for short term lending, a situation which resulted in direct competition with the banks. By the 1890s, Ontario mortgage companies began to invest in the West in the anticipation of settlement there.

They also began to shift the focus of their Ontario activities to the cities because of vigorous rural competition and because of the demand by investors in factories, houses, ware-houses, land and stock deals. Industrial Mortgage and Savings was typical of this sort of business. In 1928, the name of the company was changed, and operations continued under the name Industrial Mortgage and Trust Company.

Finding aid:

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Textual records (Electronic) The finding aid describes volumes 1 to 25 at the file level. MSS0632 (90: Open)
http://data2.archives.ca/pdf/pdf001/p000001094.pdf

Additional information:

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General note:

Received in 1972. Additional material was received in 1970 and 1973 from George L. Smith of Sarnia, Ont., and in 1972 from the Library of the University of Western Ontario.
Subject heading:

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Industry

Banks and banking - Canada, 1891-1931 Sarnia and District Review, 1970

Investments, Foreign - Canada, 1891-1931 Industrial Mortgage and Trust Company, 1928-1931

Mortgage banks - Canada, 1891-1931

Mortgage loans - Geographical distribution, 1891-1931

Mortgages - Canada, 1891-1931

Farm mortgages - Ontario, 1891-1931

Capitalists and financiers Canada
Source:

Private

Former archival reference no.:

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MG28-II8
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Textual records

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Date modified:: 2024-07-24