▁not ▁a ▁political ▁el ite ▁taking ▁political ▁dec isions ▁in ▁a ▁vac u um , ▁but ▁an ▁over la pping ▁el ite ▁whose ▁political ▁and ▁economic ▁activities ▁cannot ▁be ▁entirely ▁separated ▁from ▁each ▁other . ▁They ▁might ▁even ▁be ▁called ▁' entre pr ene urs ', ▁most ▁of ▁whose ▁political ▁views ▁may ▁have ▁been ▁highly ▁conserv ative ▁but ▁whose ▁economic ▁out look ▁was ▁clearly ▁' development al ' ." ▁For ▁example , ▁William ▁All an , ▁one ▁of ▁the ▁most ▁powerful , ▁" was ▁an ▁executive ▁coun c ill or , ▁a ▁legisl ative ▁council or , ▁President ▁of ▁the ▁Toronto ▁and ▁Lake ▁Hur on ▁Rail road , ▁Governor ▁of ▁the ▁British ▁American ▁Fire ▁and ▁Life ▁Ass urance ▁Company ▁and ▁President ▁of ▁the ▁Board ▁of ▁Trade ." ▁ ▁Mack en zie ▁frequently ▁compla ined ▁about ▁the ▁manner ▁in ▁which ▁members ▁of ▁the ▁Family ▁Comp act ▁util ized ▁their ▁official ▁positions ▁for ▁mon et ary ▁gain , ▁especially ▁through ▁corpor ations ▁such ▁as ▁the ▁Bank ▁of ▁Upper ▁Canada , ▁and ▁the ▁two ▁land ▁companies ▁( the ▁C ler gy ▁Corporation ▁and ▁the ▁Canada ▁Company ) ▁that ▁between ▁them ▁controlled ▁two ▁sevent hs ▁of ▁all ▁the ▁land ▁in ▁the ▁province . ▁The ▁Bank ▁of ▁Upper ▁Canada , ▁for ▁example , ▁had ▁been ▁founded ▁by ▁William ▁All an ▁and ▁the ▁Rev . ▁John ▁Stra chan , ▁key ▁members ▁of ▁the ▁Family ▁Comp act , ▁both ▁of ▁whom ▁were ▁Executive ▁and ▁Legisl ative ▁Coun c ill ors . ▁Although ▁they ▁lack ed ▁the ▁minimum ▁capital ▁needed ▁to