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1 Dollar
| Issuer | Bank of Western Canada |
|---|---|
| Year | 1859 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | P#S2038 |
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|---|---|
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| Reverse description | Log in to see details |
| Reverse lettering | ONE |
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| Variants | P#S2038a - Right hand signature G. McMicken P#S2038b - Right hand signature E. J. Richardson |
| Comments |
The Bank of Western Canada never actually opened. Chartered in 1858 with the intention of operating in Clifton, Canada West — directly across the Niagara River from the American side — it collapsed before it could begin legitimate banking operations. The notes were printed in full by ABNC and delivered, but the bank's promoters were widely suspected of having no intention of running a solvent institution. The entire venture had the hallmarks of a "wildcat" operation: printing notes against minimal reserves, then dispersing them far from the point of redemption to delay or avoid payment.
Notes from this issuer surfaced in circulation primarily on the American side of the border.