Herbert Samuel Holt

From Wikipedia, the free encyclopedia

Sir Herbert Samuel Holt (February 12, 1856 - September 29, 1941) was an Irish-born Canadian civil engineer who became a businessman, banker, and corporate director.

He was born in Ballycrystal, Geashill, Co. Offaly, Ireland and emigrated to Canada in 1875, settling in the city of Montreal.

Herbert Holt became a pioneer developer of the energy business in the Province of Quebec and owned the Montreal Gas Company. In 1901 he merged Montreal Gas with Rodolphe Forget's Royal Electric Company to create the Montreal Light, Heat and Power Company. In 1915, their successful conglomerate was nationalized by legislation passed by the provincial government. It came under the control of the Québec Hydro-Electric Commission which eventually became the Provincial Crown Corporation, Hydro-Québec.

Holt served as president of the Royal Bank of Canada from 1908 to 1934, and the bank's chairman from 1934 until his death. He was a director of Montreal Trust Company, Canada Car and Foundry and several other Canadian companies. He was appointed chairman of the Federal Plan Commission in 1913.

In 1915, he was knighted by King George V.

Herbert Samuel Holt died in 1941 and was interred in the Mount Royal Cemetery in Montreal.

Following its formation in 1979, Herbert Holt's significant contribution to the Canadian economy was recognized through his election to the Canadian Business Hall of Fame.

However, Holt was also one of the richest and most reviled Montrealers of his time. When his death was announced at a baseball game in 1941, the crowd cheered. To many French Canadians, Holt was the epitome of 'les maudits anglais' ('the damned English').

Herbet is remembered for being a harsh banker who enjoyed large profits while the common man suffered during the great depression. In his own words “If I am rich and powerful, while you are suffering the stranglehold of poverty and the humiliation of social assistance; if I was able, at the peak of the Depression, to make 150% profits each year, it is foolishness on your part, and as for me, it is the fruit of a wise administration.”


Advanced Search
Included Web Search Engines


Safe Search

close

Top Matching Results

Occasionally Search.com will highlight specialized results that are based on the context of your query. Examples of specialized results include specific links to news, images, or video.

Top Matching Results may highlight information from other Search.com pages, content from the CNET Network of sites, or third party content. The listings are based purely on relevance. Search.com does not receive payment for listings in this section but our partners that provide this data may get paid for listing these products.

Sponsored Links

This section contains paid listings which have been purchased by companies that want to have their sites appear for specific search terms and related content. These listings are administered, sorted and maintained by a third party and are not endorsed by Search.com.

Search Results

Search.com sends your search query to several search engines at one time and integrates the results into one list which has been sorted by relevance using Search.com's proprietary algorithm. You can customize the list of search engines included in your metasearch from the preferences.

The search engines that are used in your metasearch may allow companies to pay to have their Web sites included within the results. To view the Paid Inclusion policy for a specific search engine, please visit their Web site. Search.com does not accept payment or share revenue with any search engine partner for listings in this section.