“In finance Senator Forget was a true leader. He was one of the first men to loom large in high finance in Canada. He realized many possibilities which other men have realized too--but he followed that by action. He had the courage to follow his convictions and many solid institutions which today enjoy in themselves prosperity and largely aid in the advancement of the Dominion, owe to him debts which can never be repaid to the individual, though they will be to the people of the country. His financial ability brought him into prominence in connection with several of the largest corporations in the Dominion, prominent among which were the Montreal Street, the Richelieu & Ontario Navigation Company and the Montreal Light, Heat & Power Company, the Dominion Coal Company, and the Dominion Iron & Steel Company.
“Senator Forget was one of the colossal figures about whom have surged the tides and currents of Canadian finance. The news of his death this morning was as much of a shock as a surprise, both to those with whom he had been so long associated in connection with the organization and the management of the great financial and industrial enterprises of the Dominion and to the thousands of others to whom his name had come to be the shibboleth of success.
“But if Senator Forget represented one thing more than success it was absolute unswerving fidelity to his word. In all the heat and confusion of the stock market amidst the treacheries which sometimes attend on high financing and the deception and duplicity which beset the path of the successful man everywhere, there was never a question of his own unfaltering veracity. Senator Forget was wisely charitable, an intelligent patron of the arts, and a strong supporter of all movements which made for the better government of the city and the state. He will long be remembered for what he was as well as for what he did.”
Another Montreal paper said of him: “His rise to financial fame is written on the business history of Montreal, and the story of his success in the financial world is the history of the development of the city. Although Senator Forget’s estate will count up into the millions, its accumulation was not effected by continuous plain sailing.”