Catalog
10 Dollars
| Issuer | Merchants Bank of Canada, Montreal |
|---|---|
| Year | 1916 |
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| In circulation to | 1922 |
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|---|---|
| Obverse lettering | THE MERCHANTS BANK OF CANADA WILL PAY TO THE BEARER ON DEMAND MONTREAL TEN DOLLARS CAPITAL $7,000,000 INCORPORATED BY ACT OF PARLIAMENT DOMINION OF CANADA TEN DOLLARS IN DOMINION OF CANADA |
| Reverse description | Printed entirely in green, the reverse is framed by an elaborate guilloche border with large numeral '10' panels at the left and right margins. The issuer's name arcs across the top and bottom of the note in bold serif lettering, enclosing the central decorative panel. |
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| Comments |
The Merchants Bank of Canada had been operating since 1864, but by the time this note was issued it was already in a slow institutional decline — the bank was absorbed by the Bank of Montreal in 1922 in one of the more significant Canadian banking consolidations of the early twentieth century, leaving this series with a short window of active circulation.
The American Bank Note Company operated a Canadian facility in Ottawa, which handled a substantial portion of Dominion and chartered bank printing during the war years. Supply constraints on imported materials pushed more work to the Ottawa plant during this period.