While working at his uncle's
bureau de change, Walker became an expert in recognizing counterfeit bills being circulated during the
American Civil War. After seven years at his uncle's firm, he spent a few months in
Montreal but poor health forced him to return to
Hamilton in 1868 where he began work as a discount clerk in the newly opened
Canadian Bank of Commerce. The Canadian Bank of Commerce was established by industrialist
William McMaster in 1867. McMaster would serve as a guiding light to the young Edmund, who quickly rose through the ranks. In 1872, he was appointed chief accountant at the bank's head office in
Toronto. In May 1873, Walker was sent to
New York City as junior agent for the bank. Charged with responsibility for loans of gold against currency, he successfully maintained proper margins in spite of his clients' many sudden bankruptcies. The enterprising Walker was then sent to the bank's
Windsor branch in 1875. In 1878, he was appointed manager of the London, Ontario branch, a year later was made inspector of the bank, and in 1880 he returned to Hamilton as manager. Walker married Mary Alexander in 1874 while living in New York. Together they had four sons and three daughters. She was the daughter of Alexander Alexander, a carpenter who emigrated from Scotland to Lockport, New York, in 1834. That year, he married Isabella Buchan and moved to Hamilton, Ontario, where he became a green grocer. Together they had five children. From 1881 to 1886, Edmund was again in New York as the bank's joint agent, giving him the opportunity to increase his talents in foreign exchange and to conduct international banking on a much larger scale. There he could expand his cultural interests, visiting galleries and museums, and beginning, in earnest, his art collection. In 1886, at age 38, Walker was recalled to Toronto as general manager of the Canadian Bank of Commerce. By then there were 30 branches in Ontario and agencies in Toronto, Montreal and New York. The bank's assets at its inception were $2,997,081; 50 years later, these were $440,310,703 with branches across the country, largely attributable to Walker's strong leadership. Walker is known for developing the first set of written regulations for dividing a bank into a complex array of departments and is widely credited for the Canadian government's 1881/82 revision of the
Canada Banking Act that gave Canada a centralized, panic-proof banking system. Walker was also professionally respected internationally. As vice-president of the
American Bankers Association he was invited by a U.S. congressional committee to advise on the drafting of the
Federal Reserve legislation. He held many key national and international positions; chairman of the bankers' section of the
Toronto Board of Trade from 1891 to 1892; vice-president of the
Canadian Bankers Association (which he helped found in 1891) in 1893 and its president from 1894 to 1895; chairman of the 1899 Royal Commission on the financial position of the province of Ontario; and chairman of the Section of Money and Credit for the 1904
Universal Exposition in
St. Louis. He was a fellow of the
Institute of Bankers of England and fellow of the
Royal Economic Society of England. In 1906, he was elected director of the Canadian Bank of Commerce. He served as president from 1907 until his death in 1924. == Political ties ==