Catalog
100 Dollars
| Issuer | Union Bank of Canada, Winnipeg |
|---|---|
| Year | 1921 |
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| Currency | Dollar (1858-date) |
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| Obverse description | The obverse is dominated by a large central guilloche vignette with an oval cartouche bearing the denomination ONE HUNDRED in intaglio lettering, framed by intricate lathe-work underprint in pink and green. To the right, an intaglio portrait of a distinguished gentleman in an oval frame. The bank title UNION BANK OF CANADA is printed in bold letterpress at the top, with the place and date WINNIPEG, JULY 1ST 1921 inscribed below the central vignette, and the denomination ONE HUNDRED DOLLARS rendered along the lower border. |
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| Obverse lettering | UNION BANK OF CANADA WILL PAY TO THE BEARER ON DEMAND ONE HUNDRED Winnipeg, JULY 1ST 1921. ONE HUNDRED 100 ONE HUNDRED DOLLARS AMERICAN BANK NOTE COMPANY, OTTAWA. |
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| Comments |
The Union Bank of Canada was absorbed by the Royal Bank of Canada in 1925, making all its outstanding notes liabilities that the Royal Bank was obliged to honor — a consequence of the merger terms negotiated under federal charter. Notes of this denomination from the final years of the Union Bank's independent operation were printed in relatively small quantities, and the $100 face value meant they moved through commercial rather than retail hands, typically among grain merchants and prairie wholesalers doing business out of Winnipeg.
The American Bank Note Company maintained a Canadian production facility in Ottawa, distinct from its New York operations, which handled much of the chartered bank work in this period.