John Walter 's business started to decline in June 7 , 1907 when an accident occurred in his coal mine that killed 5 of his employees . As the railway expanded , the use of the river diminished . In 1913 , his ferry service came to an end due to the opening of the High Level Bridge . With the collapse of the real estate boom and the dwindling demand for housing in 1913 his lumber mill also suffered significantly . In 1915 , a great flood struck Edmonton , causing great damage and huge losses to his assets and the community of Walterdale
a great flood
North Saskatchewan River flood of 1915
John Walter (businessman)