From the April 2007 issue

House of Lord

Even before Conrad Moffat Black got his well-manicured hands on it, 10 Toronto Street was a monument to patrician money and prestige By Mike Miner


Image credit: Courtesy CP

1853

Mail call: 10 Toronto opens as a post office, with a Greek Revival style to give it “modernity.”

1872

Postman out, taxman in: A bigger post office goes up down the street and 10 Toronto becomes an office for the Department of Inland Revenue, a precursor to the Canada Revenue Agency.

1874

Moral collapse: Renovations ditch separate entrances for women and men. Impure thoughts increase exponentially.

1937

Lenders enter the temple: The building is turned over to the Bank of Canada for its Toronto branch. One dollar then bought 14 times what it does today.

1959

Preservation society: Four local financiers, including horsey set kingpin E. P. Taylor and Bud McDougald of Argus Corp., spare the building from the wrecking ball, buying it for $500,000 to serve as their executive headquarters.

1978

Black day: Conrad Black convinces widows of former partners to sell him their stock in Argus, ousting Col. Max Meighen (son of former Prime Minister Arthur) as key executive.

1985

Resistance is futile: 10 Toronto Street becomes the nerve centre of a media empire as Black snaps up nearly 400 papers over the next decade.

2005

Arrested development: Black is charged with wire fraud, racketeering and money laundering. He’s also charged with obstruction of justice after allegedly getting caught on camera lugging 12 boxes of files out the back door.

2006

The colonel's revenge: Divesting assets in the wake of Black’s turn at the helm, Hollinger sells 10 Toronto for $14 million to Morgan Meighen & Associates, the investment firm Col. Max Meighen founded in 1955.

2007

Quando condo: “We do plan to renovate,” senior VP Jonathan Morgan says. “It just needs some sprucing up. But we have no plans to put up condos, which seems to be what everyone is asking.”





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