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The Honourable Sir
Francis Hincks
KCMG CB PC
The Honourable Sir Francis Hincks KCMG CB PC
	The Hon. Francis Hincks
Co-Premier of Province of Canada, for Canada West
	In office; 1851–1854 Serving with Augustin-Norbert Morin, Co-Premier for Canada East
Monarch	Victoria
Governor General	Earl of Elgin
Preceded by	Robert Baldwin
Succeeded by	Sir Allan MacNab
Constituency	Oxford, Canada West
Governor of Barbados and the British Windward Islands
	In office; 1856 – January 4, 1862
Preceded by	Sir William MacBean George Colebrooke
Succeeded by	Sir James Walker
Governor of British Guiana
	In office; January 7, 1862 – January 25, 1869
Preceded by	Sir Philip Wodehouse
Succeeded by	Sir John Scott
Minister of Finance
	In office; October 9, 1869 – February 21, 1873
Governors General	Lord Lisgar ; Earl Dufferin
Prime Minister	Sir John A. Macdonald
Preceded by	Sir John Rose
Succeeded by	Samuel Leonard Tilley
Parliamentary group	Liberal-Conservative Party
Constituency	Renfrew North (1869–1872); Vancouver (1873–1874)
Member of the Legislative Assembly of the Province of Canada
	In office; 1841–1844
Preceded by	New position
Succeeded by	Robert Riddell
Parliamentary group	Reformer (pre-Confederation)
Constituency	Oxford, Canada West; Renfrew
Member of the Legislative Assembly of the Province of Canada
	In office; 1848–1854
Preceded by	Robert Riddell
Succeeded by	Ephraim Cook
Parliamentary group	Reformer (pre-Confederation)
Constituency	Oxford, Canada West
Member of the Legislative Assembly of the Province of Canada
	In office; 1854–1855
Preceded by	New district
Succeeded by	John Supple
Parliamentary group	Reformer (pre-Confederation)
Constituency	Renfrew County, Canada West
Member of the House of Commons of Canada
	In office; 1869–1872
Preceded by	John Rankin
Succeeded by	James Findlay
Parliamentary group	Liberal-Conservative
Constituency	Renfrew North, Ontario
Member of the House of Commons of Canada
	In office; 1873–1874
Preceded by	New district
Succeeded by	Arthur Bunster
Parliamentary group	Liberal-Conservative
Constituency	Vancouver, British Columbia
Personal details
Born	December 14, 1807; Cork, Ireland
Died	August 18, 1885 (aged 77); Montreal, Quebec, Canada
Cause of death	Smallpox
Citizenship	British subject
Nationality	Canadian
Political party	Reformer (pre-Confederation)
Other political; affiliations	Liberal-Conservative (post-Confederation)
Spouse(s)	(1) Martha Anne Stewart (1832 – 1874 (her death)) ; (2) Emily Louisa Delatre (1875 – 1880 (her death))
Parent	Rev. Thomas Dix Hincks (father);
Relatives	Edward Hincks and William Hincks (brothers)
Alma mater	Trinity College, Dublin
Occupation	Import business, banking, journalism
Awards	Knighted, 1869

Sir Francis Hincks, KCMG, CB, PC (December 14, 1807 – August 18, 1885) was a Canadian businessman, politician, and British colonial administrator. An immigrant from Ireland, he was the Co-Premier of the Province of Canada (1851–1854), Governor of Barbados (1856–1862), Governor of British Guiana (1862–1869) and Canadian Minister of Finance (1869–1873).

Early life

Born at Cork in Ireland, he was the ninth and youngest child of the Rev. Thomas Dix Hincks, a Presbyterian minister and scholar, and his wife Anne (née Boult). Two of his older brothers, Edward Hincks and William Hincks, followed their father's footsteps as noted scholars and clergy. Francis was also intended for a career as a clergyman and was educated at the Royal Belfast Academical Institution. However, he found himself more interested in business, starting in Belfast, with commercial ties to the West Indies. It was at Belfast that he married his first wife. Two weeks after their marriage, they set sail for the Canadas.^[1]

Business career

Arriving in York, Upper Canada (now Toronto), Hincks set up a wholesale import business. He rented business premises from William Warren Baldwin and his son, Robert Baldwin. The Baldwins were a leading Reform family, opposed to the Tory Family Compact, which had run the government of the Province for many years. Hincks became friends with the Baldwin family, who were also of Irish descent.

He accepted a job as manager for the Farmer's Joint Stock Bank but left to become manager of the newly formed Bank of the People after the management of the Farmers' Bank became dominated by Tories. When even moderate reformers were being persecuted following the Upper Canada Rebellion of 1837, Hincks considered moving to the United States. However, the appointment of Lord Durham in 1838 provided new hope and he chose to continue in Upper Canada. That year, he established The Examiner^[2] in Toronto, with the aim of promoting responsible government; this newspaper merged with The Globe, the predecessor of The Globe and Mail, in 1855.

After resigning from cabinet and government affairs in 1873, he became President of the Montreal-based City Bank of Montreal. This bank merged with the Royal Canadian Bank to form the Consolidated Bank of Canada, and Hincks was its first President. His signature appears on banknotes issued by these institutions.^[3]

Political career

Reform Party and responsible government

Hincks was elected to the Legislative Assembly of the 1st Parliament of the Province of Canada, sitting from 1841 to 1844, representing Oxford County. He was defeated in 1844, but elected in 1848 and subsequent elections, sitting from 1848 to 1855.

Bank notes and central bank

During his first term, Hincks was the chair of a select committee which studied a proposal from the Governor General, Lord Sydenham, who advocated that the government should take over the issuing of bank notes. Up to that time, paper notes were issued by the banks. Sydenham proposed that the government take over that function, with control over the amount of paper money in circulation, a forerunner of the idea of a central bank. Issuing the notes would also give the government an important source of income.

Although Hincks personally supported the proposal, it was defeated in the committee, largely because of opposition from the banks who would lose a major source of income.^[4]

Inspector general

In 1842, he was appointed inspector general of public accounts. In 1844, he became editor of a new newspaper in Montreal, the Pilot, which supported Reformers in both Canada East and Canada West. Because he sought subscriptions for his paper in Canada West, he came into conflict with George Brown, editor of the Globe. In 1848, he sold the paper and accepted the post of inspector general.^[1]

Co-Premier of Province of Canada

Hincks was Premier of the Province of Canada from 1851 to 1854. Hincks' vision of a railroad linking British North America led to the establishment of the Grand Trunk Railway in 1852 and he helped negotiate the Reciprocity Treaty of 1854 with the United States.

Decimal currency

During Hincks' time in office, currency reforms were a major issue in the British North American provinces. Although the British government wanted to keep all of its overseas possessions on the pound sterling, the North American provinces favoured a decimal currency, to facilitate trade with the United States. A compromise was reached in 1853 when the Canadian Parliament passed a Currency Act, allowing both pounds and American dollars to be used in the Province of Canada, at fixed exchange rates. New Brunswick passed similar legislation, the beginning of a common currency system in British North America.^[5]

Fall of government

A scandal developed in 1854 as a result of profits made by Hincks and Mayor John George Bowes of Toronto from the sale of railway stock.^[6] The government fell as a result, but when this matter was reviewed in the next parliament, no basis was found for allegations of corruption against Hincks.

Governorships in the Caribbean

In 1856, he accepted an appointment as governor of Barbados and the Windward Islands, and, in 1861, became governor of British Guiana. He was knighted in 1869, upon the completion of his term in British Guiana.

Minister of Finance

On his return to Canada, he was elected to the House of Commons of Canada and became Minister of Finance from 1869 until 1874. Starting in 1870, he created the first government-issued fractional paper currency, popularly known as "Shinplasters".^[3] This was intended to deal with the large amount of American silver coins entering the country, which were valued less than a Canadian dollar. While intended as a temporary solution, the shinplasters were popular, with subsequent issues in 1900 and 1923.^[3]

Later life

In 1878, he represented the federal government on the Ontario-Manitoba boundary commission.

He was also an editor of the Toronto Express newspaper.

Family

Hincks was married twice. In 1832, he married Martha Anne Stewart, in Belfast, Ireland. They remained married until her death in 1874 and had five children.

In 1875, he married Emily Louisa Delatre, widow of Judge Robert Baldwin Sullivan, another member of the extended Baldwin family. Lady Hincks died in Montreal, May 14, 1880, aged 69.^[7]

Sir Francis Hincks died in Montreal, August 18, 1885, of smallpox.

Legacy

Hincks Township in Quebec was named in his honour (but was officially renamed in 1975 to Lac-Sainte-Marie).^[8]

Hincks Street, Bridgetown, Barbados: In February 1861 H.R.H. Prince Alfred, the Duke of Edinburgh visited Barbados. In a bout of excess jubilation towards the visit, authorities promptly renamed several streets in and around the capital city of Bridgetown. Among the changes, one of the city's oldest streets, Madeira Street was renamed to Hincks Street after Sir Francis, the then Governor of Barbados. ^[9]

References

^ ^a ^b "Francis Hincks". Dictionary of Canadian Biography (online ed.). University of Toronto Press. 1979–2016.
^ Hopkins, J. Castell (1898). An historical sketch of Canadian literature and journalism. Toronto: Lincott. p. 227. ISBN 0665080484.
^ ^a ^b ^c Clute, Stanley (April 26, 2022). "Early finance minister left mark on Canadian banknotes". Canadian Coin News. 60 (2): 8.
^ James Powell, A History of the Canadian Dollar (Ottawa: Bank of Canada, 2005), pp. 21–22.
^ Powell, A History of the Canadian Dollar, pp. 22–23.
^ W. G. Ormsby. "Bowes, John George". Dictionary of Canadian Biography. Retrieved June 8, 2019. Hincks and Bowes were then able to exchange their depreciated bonds for new ones which they soon sold in England, through Hincks' financial connections, at a discount of 2 per cent, giving a profit on the whole transaction of £8,237.
^ Morgan, Henry James, ed. (1903). Types of Canadian Women and of Women who are or have been Connected with Canada. Toronto: Williams Briggs. p. 158.
^ "Lac-Sainte-Marie (Municipalité)" (in French). Commission de toponymie du Québec. Archived from the original on March 3, 2016. Retrieved September 4, 2008.
^ Alleyne, Warren (1978). Historic Bridgetown. Barbados: The Barbados National Trust.