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In January 1895, company co-founder Alexander Wood, died of a severe cold. Wood was survived by two sons, but the men had no claim to the family business at the time of their father's death.

When Alexander Wood retired from the Frost & Wood Company in 1886, Francis and Charles Frost bought Wood's company shares for $60,000. The Frosts possibly acquired this lump sum of money by borrowing from the Molson's Bank (later Bank of Montreal), and in doing so, added to the company's already growing debt.

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Glenwood
Circa 1870s
Smiths Falls, Ontario, Canada


Credits:
Heritage House Museum