BANKER'S ROW
We are here right now in front of one of my favourite buildings
at the corner of Portage and Main. This is Winnipeg's financial
centre now and at the tun of the century. This is where
all the funding came from that helped build the city and
its various industries and warehouses into a level of prosperity
that was unequalled in Canada. Growing cities attract financial
firms to help finance expansion: real estate developers,
banks, insurance companies, manufacturing, merchants, hostelries
and a host of business activities. At one time twenty-seven
different branches operated in Winnipeg and Main St., their
preferred location was known as Banker's Row.
Today seven banks remain as witness to this exuberant period
in Winnipeg's growth. Banks were the kind of client that
architects killed for in Winnipeg's fabulous decade of bank
construction between 1905 and 1916. Often bearing strong
resemblance to Greek and Roman temples Bank architecture
featured columns, capitals, pediments, and lavish interiors
finished in the best marble the world had to offer. Everything
was first class. Inside, the banking hall made a second and
equally impressive statement. Some halls felt like the interiors
of cathedrals, so sacred is the space. So valued is its function
in the community. Palaces of Commerce, the banks have left
Winnipeg's Exchange District a legacy few cities can match.
MILLIONAIRES
But while politicians of today must make difficult choices
about which buildings to save and which to demolish, those
that built Winnipeg at the turn of the century felt that
the world was their oyster. And their individual successes
rivalled that of men in much larger cities. With only one
third the population of Toronto in 1919, Winnipeg boasted
that it had 19 millionaires to Toronto's 21. They ran the
Legislature, city hall, education, medicine, the Board of
Trade. The leaders were in the vanguard of all civic improvements
schools hospitals, parks libraries, water supply, transit,
electricity, phones, music, and theatre.
Winnipeg's public works mirrored the optimism shown by its
private citizens. Seeing great promise in Winnipeg's future,
civic leaders dreamed and executed great public works. A
major hydro electric facility was being established on the
Winnipeg River 120 kilometres north. A water supply system
that would last for centuries and The James Ave Pumping Station
a high pressure pumping station for fire fighting were built
in 1907.
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