Volume 2 - ElectricCanadian.com

220 HISTORY OF THE BANKin the development of Canadian industries. Just prior to theannual meeting the waning of the Rossland gold-mining boom,which had marked the later "nineties," was indicated by theof the branch of The Canadian Bank of Commerce inclosingthat town.The problem of the scarcity of currency recurred periodically.The scarcity of small legal tender notes in the summerof 1902 impelled the Canadian Bankers' Association to makerepresentations to the Deputy Minister of Finance, who gaveassurances that steps had already been taken to ensure aproper supply during the crop movement of the comingautumn. The records of the time show that there was alsoof silver coin. The Canadian Bank ofdanger of a shortageCommerce, itself, was apprehensive of a shortage of its ownnotes and issued instructions to its managers pointing out thatthe situation with regard to note circulation had entirelyTheychanged from what it had been a year or two before.were asked to discontinue all the machinery adopted in thepast for maintaining the circulation of notes at the highestpossible point; such as the payment of carrying charges onnotes sent in for deposit, or on the bank's own notes sent outfor circulation.In August of the same year, the growthof the businessof the head office necessitated the extension of the head officebuilding in the rear to Melinda Street. In addition to otheraccommodation, there were provided a handsome board-room 1and quarters for the printing and stationery department, thework of which had grown to large proportions. The newextension gave ample room at the time, but has long sincebeen outgrown. In September, the private banking busim-^carried on for many years in Parkhill by the late ThomasLangford Rogers, formerly manager of the Exchange Bankof Canada at Parkhill, was taken over and combined withthe business of the Parkhill branch of the bank, Mr. Rogersbecoming manager.'See plate 85, facing page 222.