Catalog
10 Dollars
| Issuer | Farmers' Joint Stock Banking Company, Toronto |
|---|---|
| Year | |
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| Printer | American Bank Note Company |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Toronto DIX PIASTRES ZEHN DOLLAR The FARMERS J.S. BANKING Co. TEN TEN DOLLARS Promises to pay to Bearer on demand TEN DOLLARS at their Office Toronto Upper Canada Cash Pres. |
| Reverse description | The reverse is unprinted, showing only the blind offset impression of the obverse design through the paper, with fold and handling marks consistent with a circulated example. No additional vignettes, legends, or security devices appear on this side. |
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| Comments |
The Farmers' Joint Stock Banking Company operated briefly in Toronto during the mid-nineteenth century, one of dozens of Upper Canadian chartered banks that flourished — and frequently collapsed — under the permissive banking legislation of the period. Notes issued by these institutions circulated on the strength of the issuing bank's local reputation, redeemable in specie at the counter. When a bank failed, its notes became worthless almost overnight, and holders had little recourse.
The American Bank Note Company engraving is characteristic of the high-security printing that Canadian chartered banks routinely commissioned from New York firms throughout this period, domestic printing capacity being insufficient for the volume and complexity required.