Adam Ferrie was an industrialist, merchant, shipowner, and politician who moved to Montreal in 1829 in the hopes of augmenting his import-export business and re-establishing himself after suffering some business failures. He was philanthropic and set up two of his sons in the family business and also helped organize the St Andrew's Society (which helped settle newly arrived immigrants from Scotland). Unfortunately, many of his co-operative style business schemes failed, mostly through bankruptcies of his associates. As a result of this experience he took an active part in forming the Board of Trade in 1842. It is not thought that he had an enjoyable time in Montreal and at age 76 he left for Hamilton, where most of his children had settled. There was a lot of family tension and conflict especially between Adam and and his son, also Adam, (1813-1849) showing the best and worst of family businesses. He and his wife Rachel had 12 children, six of whom survived infancy. One of his sons, Colin Campbell (1808-1856), became the first mayor of Hamilton.