Bank of the People Montreal in 1840. Until 1835, every bank in Upper Canada required a legislated charter which established it as a legal person able to sue, and be sued at law. Only two Banks had been chartered: the Bank of Upper Canada and the Commercial Bank of the Midland District. Both banks were controlled by the "Family Compact" who used their control of the currency supply and credit to control trade and ultimately, the farmers. They had a "licensed monopoly" to print paper money, which reduced competition. In 1835, Dr Charles Duncombe, a Reform politician in the Legislative Assembly, was part of
The Bank Holidays The Bank Holidays The Bank Holidays were an Australian indie pop band from Perth, which formed in 2003 as Tunnelball by Nat Carson (guitar, piano, vocals), James Crombie (bass guitar, vocals), Wibekke (Bekk) Reczek (guitar, vocals) and Ian (Stafford) Chater (drums). Late in 2007 Chater was replaced by Stuart Leach. They have issued two studio albums, "As a Film" (15 October 2007) and "Sail Becomes a Kite" (17 July 2010). By late 2012 they had effectively disbanded. The Bank Holidays were conceived by James (Jim) Crombie (bass guitar, vocals) and Wibekke (Bekk) Reczek (guitar, vocals) whilst holidaying in Norway (on