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| 正面描述 | The upper centre of the note carries a large intaglio vignette of a spread-winged bald eagle perched on a shield, with the scroll inscription 'STATE OF LOUISIANA' above and the notation 'Caveat Entered' to the right. Flanking the eagle are two elaborate lathe-work medallions, each enclosing the numeral '10' within concentric guilloché rings, with the denomination legend repeated in red letterpress across the top and bottom borders. The central text panel, set over a dense red guilloché underprint, bears the bank title 'CANAL BANK' in bold display type above a script promise-to-pay clause, with spaces for manuscript number, date, and the printed roles of Cashier and President at foot. |
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| 正面铭文 | STATE OF LOUISIANA CANAL BANK On demand, the New Orleans Canal & Banking Company Will pay TEN DOLLARS to the bearer. NEW ORLEANS CASHIER PRESIDENT Caveat Entered NATIONAL BANK NOTE COMPANY TEN DOLLARS X 10 TEN DOLLARS |
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The New Orleans Canal & Banking Company was one of Louisiana's oldest chartered banks, founded in 1831 to finance the construction of the New Canal linking the city to Lake Pontchartrain. By the time this note was issued, the bank had long outlasted its original engineering mandate and was operating as a conventional commercial institution. The Civil War severely disrupted Louisiana banking — New Orleans fell to Union forces in April 1862 — and notes from this institution circulating in the 1860s were doing so under radically unstable political and monetary conditions.
Uniface production by the National Bank Note Company was not unusual for smaller-denomination or auxiliary issues of this period, where cost containment drove printing decisions. NBNC was a New York firm, which meant the plates never left the North regardless of where the issuing bank operated.