The wealth inherited and managed by the next generation of Square Milers continued to grow, but while many were successful as businessmen they were less entrepreneurial. They financed and worked closely with newcomers such as Sir Edward Beatty, Sir Herbert Samuel Holt and the last of the great Square Mile tycoons, J.W. McConnell. These men had easily integrated themselves into Square Mile society, but there was a new and hungrier generation of anglophones coming to Montreal, epitomised by Sir Henry Thornton, who were not as readily accepted by the older generation, which jealously guarded over the dominance of their cornerstones, the CPR and the Bank of Montreal. Notably, this new group included Max Aitken and Isaac Killam, who were 'pilled' (barred) from entry into the Mount Royal Club. In 1899, finding that the St. James' Club had become "too overcrowded," the Square Mile's leading businessmen, led by the likes of Strathcona and Angus, established the Mount Royal Club that overnight became Montreal's most prestigious. Lord Birkenhead found it to be "one of the best clubs I know in the New World, with the indefinable atmosphere about it of a good London club".