Catalog
100 Dollars
| Issuer | Molsons Bank, Montreal |
|---|---|
| Year | 1914 |
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| Reference(s) | P#S1238 |
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|---|---|
| Obverse lettering | DOMINION OF CANADA THE MOLSONS BANK CHARTERED BY ACT OF PARLIAMENT 1855 WILL PAY TO THE BEARER ON DEMAND ONE HUNDRED DOLLARS 100 MONTREAL JAN. 3RD, 1914 BRITISH AMERICAN BANK NOTE CO. OTTAWA |
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| Signature(s) | B.M. Macpherson and J. Leiner |
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| Comments |
Molsons Bank was one of Canada's older chartered banks, founded in 1855 as an outgrowth of the Molson family's brewing and transportation empire. By 1914 the chartered bank system was already under pressure from federalist consolidation arguments, and Molsons would eventually be absorbed by the Bank of Montreal in 1925 — one of dozens of mergers that ended private banknote issuance in Canada.
The British American Bank Note Company executed the printing in Ottawa, as they did for much of Canada's chartered bank paper during this period. At the $100 denomination, circulation was limited almost by definition — these moved between merchants and institutions, not through ordinary hands, which partly explains survival rates.
Macpherson served as General Manager of Molsons Bank in this period; Leiner as Cashier.