On Monday 22nd April, 1907, page one of The Province ran an eye-catching article claiming that JC Keith was about to inherit many millions from the estate of “Silent” Smith of New York, a financier and a cousin of Keith who died suddenly at age 52. The inheritance, it asserted, would make Keith by far the wealthiest man in Vancouver. Keith’s mother, Christian, was a Smith. Her brother George S. Smith’s son James, known as “Silent” Smith, inherited a fortune from another George Smith, part of the same Smith family, who never married so had no direct heirs. This George Smith, known as George “Chicago” Smith, had been a canny and capable Scotsman who made an enormous fortune establishing a successful bank in Chicago. Both of the George Smith cousins, at different times, crossed the Atlantic from Scotland to settle in Illinois and both were born in Old Deer, Aberdeenshire. Old Deer sits ten kilometers down the road from Strichen where James Cooper Keith was born.
Towards the end of the following year on 11th November, 1908, the Victoria Daily Times ran an article saying that James Cooper Keith, “one of the wealthiest citizens of Vancouver, and a year ago made an heir of “Silent” Smith, New York millionaire, will be a candidate for mayor of Vancouver” indicating that Keith had indeed inherited Smith’s large fortune. He was, however, an unsuccessful mayoral candidate. But what appears to be the reality of the inheritance is in a list of several Smith bequests in the Illinois, Waukegan Daily Sun, 8th May 1907, with, James C. Keith, of Vancouver, a cousin, getting $100,000. And while not inheriting millions as the Vancouver and Victoria newspapers of the day hinted at, in today’s money $100,000 US in 1907 would be worth $3.25 million.
Six years later, Keith was dead at age 62 from pleurisy but rather than leaving a fortune, he left an estate with more liabilities than assets. On Monday, June 25, 1917 on page 19 of The Province newspaper his widow and executrix, Anne Jane Keith, publicly declared James Cooper Keith’s estate as insolvent. It took until 1926 to settle the estate.
Researching JC Keith’s life for this blog post led to many dead ends, just like Keith Road. No family photos of James with his wife or daughter could be traced. Photos found were his official photo as second reeve of the District of North Vancouver, and some early group bank photos. No trace found as to what happened with the inherited money or profits from his many land deals.
A financier, a developer, a speculator and a chess player, the endgame of his life was not what was expected of the young banker who showed so much promise. At the 1892 banquet held at the Hotel Vancouver. one of the participants is quoted as saying, “Mr. J.C. Keith’s name will be as necessary to make such history (of Vancouver) complete as is that of Hamlet in Shakespeare’s great play.”
The legacy that remains of James Cooper Keith, the second Reeve of the District of North Vancouver, is with the North Shore. The Grand Boulevard Residence, the Aberdeen Block, the Keith Block and his ubiquitous and eponymous Keith Road that in some areas is a significant arterial thoroughfare and in other areas a meandering residential street.