Catalog
10 Dollars
| Issuer | Bank of Montreal |
|---|---|
| Year | 1912 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Canadian Dollar (1858-date) |
| Composition | Log in to see details |
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| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | THE BANK OF MONTREAL PAID UP CAPITAL $16,000,000 WILL PAY TO BEARER ON DEMAND TEN DOLLARS MONTREAL SEPTEMBER 1912 AMERICAN BANK NOTE CO. OTTAWA |
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| Reverse lettering | BANK OF MONTREAL TEN DOLLARS TORONTO BRANCH AMERICAN BANK NOTE CO. OTTAWA |
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| Comments |
The Bank of Montreal was the oldest chartered bank in Canada when this note was issued, and by 1912 it had been printing notes through the American Bank Note Company for decades — a relationship that gave the series a consistency of engraving quality unusual among Canadian chartered bank issues of the period. The Ottawa plant of ABNC handled this production, one of the company's few facilities operating outside the United States.
Chartered bank notes in Canada continued circulating alongside Dominion of Canada government issues until the Bank of Canada Act of 1934 effectively ended private bank note issuance, after which chartered banks had a decade-long phase-out period to retire their outstanding notes.