Born in Toronto, Solman was educated in public schools. After attending the Mechanic's Institute, he began business in a mail-order operation in Detroit; operated a restaurant at Hanlan's Point; married Emily Hanlan in 1893, sister of noted rower Ned Hanlan and helped him advance in his business career; established Toronto Ferry Company, which held a monopoly on traffic to the Toronto Islands; owner of the Toronto Maple Leafs baseball club; co-founder of the Tecumseh Lacrosse Club; managing director of the Royal Alexandra Theatre, Sunnyside Amusement Park, Hanlan's Hotel, the Hanlan's Point Amusement Park and Mutual Street Arena in Toronto; vice-president of Loews Canadian theatres.
- Bossin, Hy. "Stars of David: Toronto, 1856-1965". Canadian Jewish Congress, 1957
- "Lawrence Solman is dead following long illness," Toronto Star, March 24, 1931, p. 1.
- Lawrence Solman, Mount Pleasant Cemetery
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