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10 Piastres
| Issuer | Banque d'Hochelaga |
|---|---|
| Year | 1889 |
| Type | Standard circulation banknote |
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| Obverse description | The obverse bears the bold serif inscription BANQUE D'HOCHELAGA across the upper portion, flanked by an ornate guilloche border. To the left, a detailed intaglio vignette portrays a rural agricultural scene with a farmer and horses at work in a field; to the right, a finely engraved portrait medallion of a bearded gentleman in 17th-century dress. The centre carries the denomination DIX PIASTRES within a panel, with the date Montréal, 1er Juin 1889 below, and this example is overprinted CANCELLED and bears SPECIMEN perforations at lower left and right. |
|---|---|
| Obverse lettering | BANQUE D'HOCHELAGA DIX PIASTRES TEN Payable au Porteur Montréal, 1er Juin 1889 PRESIDENT CAISSIER Canada Bank Note Co. Montreal SPECIMEN CANCELLED |
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The Banque d'Hochelaga was a Montreal-based French-Canadian chartered bank founded in 1874 to serve the working-class parishes of eastern Montreal — a deliberate institutional counterweight to the Anglophone financial establishment. It survived well past many of its contemporaries, eventually merging into the Banque Canadienne Nationale in 1924.
By 1889, private bank note issuance in Canada was already operating under tight Dominion regulation, with chartered banks required to hold Dominion notes as reserves against their own circulation. The Canada Bank Note Company, operating out of Montreal, handled much of this chartered bank production during the period — a practical near-monopoly on Canadian private note printing that displaced earlier reliance on American Bank Note Company contracts.
P#787 is scarce. Hochelaga's notes from this decade circulated hard in a tight regional economy.