The Port Arthur, Duluth and Western Railway began as a local venture. When the Thunder Bay Colonization Railway was incorporated in 1883, many local businessmen were involved. This list included Thomas Marks and Simon Dawson, as well as transplanted US Civil War veteran E. A. Wild. Wild was most likely the one responsible for attracting outside investors, such as New York capitalists Harmon D. Hull, George Hart and Theordore Myers.
When the corporate name of the PAD&W was changed in 1887, and construction began in 1889, most of the outside investment had disappeared. The new company president was Marks, with D.F. Burk as Vice-President. Local politican James Conmee, along with George Middleton, had been awarded the contract to build the railway.
However, by early 1890 it was becoming clear that the railway would not be constructed without additonal investment. The first outsiders to appear in the PAD&W records were Hugh Blain and Joseph F. Eby, who were owners of the wholesale grocery store Eby, Blain and Company in Toronto. Their interests were represented on the board of directors by Blain's brother,ex-MP David Blain. Soon thereafter, they were joined by Arthur B. Lee and John Leys, owners of Toronto hardware retailer Rice, Lewis and Son. Lee's son, A. Burdett Lee Jr., would represent their interests in the board. I have chosen to give this group the nickname "The Toronto Syndicate."
When the railway opened in 1893, the board elected a new and surprising president; Toronto businessman William Rees Brock. With no prior connection to the railway, Brock appears to be somewhat of an anomaly. However, as a director of the Toronto General Trusts Company (who were managing the estate of Leys, who had passed away in 1892) and with connections to the Bank of Commerce, Brock was obviously securing the investments of those companies.
In the following years, controlling interest of the railway would gradually
pass from the local investors to the Toronto interests, especially the Toronto
General Trusts. By 1899, when the bankrupt railway was sold, the board of
directors was entirely composed of Toronto buisnessmen.
Board of Directors as of June 30th, 1893President: W.R. Brock
Vice-President: D.F. Burk
Secretary/Treasurer: A.J. McComber
General Manager: D.F. Burk
Engineer: R. Hazelwood
Superintendent: Ross Thompson
W.R. Brock -Toronto
David Blain -Toronto
A.B. Lee Jr. -Toronto
D.F. Burk -Port Arthur
M. Dwyer -Port Arthur
Ross Thompson -Port Arthur
Geo. Clavet -Port Arthur
Peter McKellar -Fort William
C.C. Abbott -Fort William
For more information on the PAD&W directors, please click here.