This Week in History: 1914 The head of the Dominion Trust Company shoots himself, just before the company collapses

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The death was recorded as accidental, though many had their doubts

“Sudden and tragic was the death of Mr. William R. Arnold, managing director of the Dominion Trust Company of this city,” the Vancouver World reported on Oct. 13, 1914. “It was while handling a shotgun, which he had recently used on a hunting expedition, that Mr. Arnold was shot in the heart. He died a few moments later.”

Vintage postcard of the Dominion Building when it was called the Dominion Trust Building, 1910-14. The postcard was produced by Valentine and Sons and was printed in Great Britain.On Oct. 27, The Province reported a petition to the B.C. Supreme Court asked to “wind up” the company. The company had $970,715.97 in assets, but $3 million in liabilities, which meant people who had deposited their money with Dominion Trust were unlikely to get it all back.

“A superb structure, standing in sublime magnificence in its commanding position on the main artery of Vancouver,” boasted an illustration of the building when it was announced in the April 11, 1908 Province. But it isn’t true – Helyer died of a heart attack or stroke on a streetcar in 1919. The Helyer myth probably spun out of “a horrifying plunge” taken by construction worker John Tate on Nov. 11, 1909.

 

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