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Donald Ivan McLeod | |
|---|---|
| Born | September 20, 1886 Owen Sound, Ontario |
| Died | January 22, 1967 (aged 80) |
| Occupation | Financier |
| Education | Queen's University |
Donald Ivan McLeod was one of the founders of the Canadian investment firm McLeod Young Weir in 1921.[1] He retired in 1951 and took up painting.[2]
Early years and journalism
editDI McLeod was born and raised in Owen Sound. His father had immigrated to Canada from the Scottish island of Islay in the Hebrides. DI McLeod's memoirs describe life growing up in that small Canadian town. He became a reporter in his teens writing for the Owen Sound Sun. He later attended Queen's university (where he eventually donated his 190 page written memoirs). [3] At Queen's he was the manager of the Queen's University Journal. He later worked at the London Free Press, at the Ottawa Journal and at the Toronto News as a Queen's Park reporter for $22/week. He also published articles in Toronto's Saturday Night. His first investment job in 1911 was with a small municipal bond house, and he soon joined A.E. Ames & Company. It was there that he learned the investment business and made connections that would later turn into a major Canadian business success story.
Business history
editIn 1921 DI McLeod, William Ewart Young, Gordon Weir and John Henry Ratcliffe joined forces to create the investment firm McLeod Young & Weir.[4] The firm grew to be one of the largest brokerage firms in Canada with an enviable reputation in the bond market. The McLeod Young Weir Bond Averages became the index benchmark for Canadian bonds from 1947 to 2007.[5] The McLeod name was retained when Scotiabank purchased McLeod Young Weir in 1987 and continues to the present in the firm ScotiaMcLeod.
Business contemporaries
editTwo contemporary brokerage business founders names George Herbert Wood and James Henry Gundy are still found in the eponymous name of ScotiaMcLeod competitor CIBC Wood Gundy.
Board directorships
editDI McLeod served on the boards of McColl Bros., Limited, Lower St. Lawrence Power Company Limited, Alexandria Apartments Limited and Queen's University.[6]
Charity work
editDI McLeod was president of the St Andrews Society of Toronto, which promotes Scottish heritage. He also was on the Advisory board of the Elizabeth Fry Society, Board of the Canadian National Institute of the Blind, of the Elizabeth Fry Society, and the YMCA both in Canada and the United States. He was one of the principals of the Queen's University Art Foundation, benefactor of the Canadian Writer's Foundation and trustee of the Greenshields Art Foundation of Montreal.
Painting history
editDI McLeod painted over 650 oil panels. While he never sold any of his paintings, many were given as gifts and most were kept in the offices of McLeod Young & Weir.[7] Technically considered an amateur, his skills grew as he would go on painting excursions with the likes of A.Y. Jackson, Manly MacDonald, Fred S. Haines, Robert Pilot and Sir Frederick Banting.
DI McLeod was a member of the Arts and Letters Club of Toronto. In his obituary he was cited with the "distinction of being one of the most accomplished amateur painters in the membership of the Club. His work, when hung at Club exhibitions, won the admiration of even the professional artists."[8]
DI McLeod paintings sometimes appear at public auction.[9] There have been 12 documented sales since 1979 with an average sale price of $1,529.[10] The highest price paid for an original DI McLeod painting was $3,500 in 2012.[11]
Painting collections
editMany of DI McLeod's paintings are held by the Scotiabank fine art collection. The Vandewater family has the largest private holdings of DI McLeod with over 30 paintings[12]. One painting hangs in the collection of Queen's University where he helped found the Queen's University Art Foundation[13]. In 1963 DI McLeod donated one of his paintings to the Ontario archives. [14] The Tom Thomson Memorial Art Gallery also lists a DI McLeod original in their collection.[15]
Quotes
editHis purchase of a sketch box was “… an investment which will pay ever increasing dividends in the form of lasting and thrilling satisfaction”
Family
editOn October 10, 1927 DI McLeod married Willhelmina Burnside Gage at 4 o'clock at the home of her mother Lady Gage in Wychwood Park, Toronto.[16]
References
edit- ^ Arthur E. Gregg. "McLeod Young Weir Limited - The Canadian Encyclopedia". Thecanadianencyclopedia.ca. Retrieved 2017-01-24.
- ^ "Personal Investment Management Group - Toronto Scotia Wealth Management - D.I. McLeod Art Collection". Vandewater.ca. 2005-10-03. Retrieved 2017-01-24.
- ^ "DI McLeod Memior - A Goodly Heritage - Queen's archives accessions 1977-171 1983-038 location 3020".
- ^ "History of ScotiaMcLeod | ScotiaMcLeod". Scotiabank.com. Retrieved 2017-01-24.
- ^ "Scotia Capital Universe Bond Index* rebranded as DEX Universe Bond Index(TM)". Newswire.ca. Retrieved 2017-01-24.
- ^ The Investor For May 1927, page 7
- ^ http://121imagine.com/marketingcomponents/13-3256_SM_HeritagePartner_TOE_216x280_EN.pdf
- ^ http://www.artsandlettersprivate.ca/lampsletters/lampsletters_1967.pdf#page=12
- ^ "Results Found: Mcleod Donald Ivan". Arcadja.com. Retrieved 2017-01-24.
- ^ http://www.heffel.com/links/Sales_E.aspx?ID=59595958
- ^ "Donald Ivan McLeod (Canadian, 1886-1967) , East Gloucester waterfront | Christie's". Christies.com. Retrieved 2017-01-24.
- ^ Vandewater, Tom. "Personal Investment Management Group - Toronto Scotia Wealth Management - D.I. McLeod Art Collection". www.vandewater.ca. Retrieved 2017-01-30.
- ^ "Frances K. Smith Lecture in Canadian Art and the Queen's University Archives Annual Lecture | Agnes Etherington Art Centre". agnes.queensu.ca. Retrieved 2017-01-30.
- ^ "Artist Donald Ivan McLeod (1886-1967) generously donated one of his paintings, a beautiful wooded landscape, through the Ontario Institute of Painters in 1963".
- ^ "DI Mcleod - Name of Object: Silver Birches Artist/Maker: Donald Ivan MCLEOD Medium: oil/board PAINTING Accession Number: 967.106 Tom Thomson Memorial Art Gallery".
- ^ "Globe and Mail archive - Oct 10, 1927".