10 Dollars

Molsons Bank was one of Canada's oldest chartered banks — founded in 1855 as an outgrowth of the Molson family's brewing and commercial empire — and by 1918 it was already living on borrowed time. The federal Bank Act revisions following World War One accelerated consolidation across the chartered banking sector, and Molsons was absorbed into the Bank of Montreal in 1925, terminating its right of note issue. This 1918 emission was among the last decades of production before that merger ended the series entirely.

The American Bank Note Company handled virtually all of Molsons' engraved currency work during this period. W.F. Molson's countersignature on a bank bearing the family name is one of the more direct examples of proprietorial banking that survived into the twentieth century.