| Descripción del anverso |
The upper margin carries the full bank title EXCHANGE BANK OF TORONTO above the legend UPPER CANADA and the security inscription SECURED BY DEPOSIT OF PROVINCIAL SECURITIES, with the denomination ONE DOLLAR centered below in bold letterpress. A central vignette presents a seated allegorical female figure accompanied by a deer, flanked by ornate numeral-1 panels, while a lower-left oval vignette contains a kneeling bison or beaver scene and a standing frontiersman figure appears at the lower right. The note is dated May 1st 1855 at Toronto, with the obligation text WILL PAY TO THE BEARER ON DEMAND inscribed across the lower field. |
| Leyenda del anverso |
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| Descripción del reverso |
The reverse is entirely unprinted, presenting a plain expanse of aged cotton paper with no design, text, or ornamentation, consistent with the practice of many private Canadian chartered bank issues of the mid-nineteenth century. |
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| Firma(s) |
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| Tipo de protección |
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The Exchange Bank of Toronto was a short-lived institution, chartered in the early 1850s during a period when Upper Canada's banking sector was expanding rapidly on the back of railway speculation and commercial credit demand. It did not survive the decade — the bank failed before Confederation, leaving its notes as stranded liabilities that circulated at a discount, if at all, in their final months.
Printed in Canada at a time when most private bank notes of comparable quality were being sent to American bank note companies in New York or Boston, this issue is among the earlier locally printed commercial bank notes from the Toronto market.