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1 Dollar
| Issuer | Westmorland Bank of New Brunswick, Bend of Petticodiac |
|---|---|
| Year | 1854 |
| Type | Log in to see details |
| Value | 1 Dollar |
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|---|---|
| Obverse lettering | THE WESTMORLAND BANK OF NEW BRUNSWICK ONE DOLLAR Promise to pay ONE DOLLAR on demand out of the Joint Fund of the said Corporation, BEND OF PETTICODIAC THE PRESIDENT DIRECTOR ONE |
| Reverse description | The reverse is entirely unprinted, presenting a plain aged cotton paper surface devoid of vignettes, text, or decorative elements, a characteristic common to many private colonial Canadian bank issues of the 1850s. |
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The Westmorland Bank operated out of Moncton — then still commonly called the Bend of Petitcodiac — and was one of several short-lived colonial New Brunswick private banks that issued notes before Confederation rationalized the currency system. It received its charter in 1825 but struggled chronically with capitalization and public confidence throughout its existence.
By 1854, chartered bank notes in the Maritime colonies circulated alongside Halifax currency valuations and a bewildering mix of British, American, and Spanish coin. The bank collapsed before Confederation, making survivors of this series genuinely uncommon.