BUSINESS ABROAD: Prince of the Pennies

When the business editor of the old Toronto World was fired for turning up tipsy one evening in 1910, the managing editor drafted his new secretary to put out the financial page. For the 22-year-old secretary, Arthur J. Trebilcock, the business editor's last lapse marked the first lap in a long financial career that reached its climax last week. After 20 years of running the Toronto Stock Exchange as executive manager, onetime Newsman Trebilcock, 67, became its first full-time paid president.

As boss of Bay Street, the Wall Street of Canada, Trebilcock runs the world's fastest-growing stock exchange. Since 1951, a...

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