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The obverse is printed in green and blue with an intricate guilloche underprint and ornate lathe-work borders, with large numeral '10' counters at the left and right margins. The central intaglio vignette portrays a cowboy on horseback rounding up a steer on the open prairie, rendered in fine engraved detail against a landscape background. The bank title 'UNION BANK OF CANADA' arches across the upper portion, with 'TEN DOLLARS', the place-date 'WINNIPEG, JULY 1ST 1912', and the promise text 'WILL PAY TO THE BEARER ON DEMAND' inscribed below the vignette. |
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The reverse is executed in blue and green with ornate lathe-work rosette panels enclosing large numeral '10' counters at left and right within an elaborate guilloche frame. The central intaglio vignette presents two allegorical figures — a frontiersman and an armoured indigenous warrior — flanking a heraldic coat of arms, rendered in fine engraved detail. The bank name 'UNION BANK OF CANADA' and the word 'TEN' are inscribed below the central vignette. |
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The Union Bank of Canada was one of the country's older chartered banks, headquartered in Quebec City before relocating its head office to Winnipeg in 1912 — the same year this note was issued, reflecting the bank's deliberate pivot toward the booming prairie economy. Winnipeg at the time was arguably Canada's most economically aggressive city, riding grain-trade expansion that briefly made it the third-largest financial centre in the country.
The American Bank Note Company in New York handled engraving and printing for numerous Canadian chartered banks during this period, a common arrangement given the limited domestic security printing capacity. The Union Bank was absorbed by the Royal Bank of Canada in 1925, ending its independent note-issuing history.