William Gamble (business)

William Gamble (business) Business

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75
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William Gamble (business) is a member of the following lists: Canadian Anglicans, 1881 deaths and 1805 births.

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Details

Birthday 5th August, 1805
Died 20th March, 1881
Zodiac Sign Leo
Occupation Business

William Gamble (5 August 1805 – 20 March 1881) was a Canadian businessman and pioneer. He was the son of the politician John Gamble and brother of John William Gamble, and was born in Kingston, Upper Canada. He started a store in Toronto before becoming a miller in Etobicoke. His business interests expanded to include a hotel, a distillery and shipping to transport his flour, as well as local crops, to Toronto. After 1835 he also became involved in developing Mimico. He was active in building new roads and bridges, opening up territory for development. Flood damage by the Humber River in 1850, and the repeal of the British Corn Laws in 1849 (bringing a dramatic fall in the price of his flour) caused his milling business to collapse, but his reputation as a business leader endured and he was active in the foundation of the Bank of Toronto in 1855. The last remnants of his milling business fell out of his hands in 1862 when his mortgage was foreclosed, leaving him on the cusp of bankruptcy.

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