Popular mining promoter, financier and executive Arthur W. White, who coined the risk capital phrase and raised many millions of dollars which he spent judiciously, died after a lengthy illness. He was 81.
White’s first brush with mining was in the Red Lake, Ont., gold rush of the 1940s when he formed the financing and underwriting firm of Brewis & White. It incorporated and carried out the initial underwriting of the fabulous Campbell Red Lake mine, of which he was the first president, and which has since produced more than $1 billion.
His “baby” was the adjoining Dickenson mine, which he nursed from moose pasture to another highly successful producer. Known as the Arthur W. White mine, it has yielded more than 2.6 million oz. gold, and, like Campbell, is still going strong.
A longtime advocate of a self-regulated speculative security business, he was the first chairman of the Broker-Dealers Association of Ontario. His Brewis & White firm financed more than
50 junior mining companies across the country.
Early this year, White was inducted into the Canadian Mining Hall of Fame. As well, he was a director and honorary life member of the Prospectors and Developers Association of Canada, a member of the Engineers’ Club of Toronto, the Granite Club, the Royal Canadian Yacht Club and the Toronto Board of Trade.
Is there anyway to reach his family??? My mother recently died and in her effects I found a rather large container of White’s family pictures. Since both of us(Mom and I)are adopted, it would be best if this memorabelia could be returned to the family. What a treasure trove of history….
Best contact might be his son H.Vance White. Might be available via the various still existing mining companies (in Toronto) or Canadian Mining Hall of Fame. Good Luck!
Leonacarol – Old phone # 416-361-0402 Toronto. Was Dickenson Mines/Goldcorp Inc. The Northern Miner should be able to help with this.
Wish that he was still alive. He certainly changed my life. Now in my seventies, he is the reason I added “ME TOO” on my profile.