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10 Dollars

Issuer Canadian Bank of Commerce, Toronto
Year 1888-1912
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Shape Rectangular
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Obverse lettering THE CANADIAN BANK OF COMMERCE
WILL PAY
TEN DOLLARS
TO BEARER ON DEMAND
Toronto
ESTABLISHED 1867
PAID UP CAPITAL $6,000,000
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Reverse lettering THE CANADIAN
BANK OF COMMERCE
10
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Comments

The Canadian Bank of Commerce was one of the country's largest chartered banks by the late nineteenth century, and its note-issuing activity under the Bank Act was substantial. The American Bank Note Company in New York handled production for a significant portion of Canada's chartered bank paper during this period — a practical arrangement given ABNC's engraving capacity, which most domestic printers couldn't match.

Chartered bank notes in Canada remained legal tender alongside Dominion government issues until the 1944 Bank Act revisions finally ended private bank note circulation. Notes from this series spanning nearly twenty-five years of issue would have seen considerable handling in commercial transactions across Ontario and the western branches the bank was aggressively expanding into after 1900.

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