William George Gooderham, grandson of William, served as the President of Canada Permanent Mortgage Corporation from 1910 until his death in 1935. His signature appeared on all Canada Permanent debentures. On one occasion, a lady out west returned the debenture because she wanted it signed by Mr. Gooderham not Mr. MacWhale. W.G. was delighted and returned the debenture with a personal letter to explain that the latter signature was really his. His signature really did look like MacWhale.
1923 Bank of Toronto note
William George was also a director (1882), Vice President (1905) and President (1916) of the Bank of Toronto. As President, W.G. had approved a loan from the Bank of Toronto to the Bank of Yokohama, which went bankrupt. He felt personally responsible to assume the debt so that no shareholder would lose anything. This he did and in return he received some of the remaining assets of the Japanese bank. These included many objet d’art – beautiful ancient ivory carvings and figurines, mother of pearl inlaid tables and chairs and Shogun warrior mailed armour. His grandchildren could fit into the small sized Japanese suits and had a great time rushing around the house fighting each other.
Written by Peter Buchanan Gooderham in May/June 1985 based on stories he was told by his grandfather William George Gooderham.