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2 Dollars = 10 Shillings
| Issuer | Agricultural Bank, Toronto |
|---|---|
| Year | 1834 |
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| Printer | Rawdon, Wright, Hatch & Co. |
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| Obverse description | The obverse is laid out in a horizontal format with the bank title 'AGRICULTURAL BANK.' in bold letterpress across the top centre. Denomination numeral '2' appears twice in large intaglio figures flanking a central pastoral vignette of a farmer ploughing with oxen, while four smaller circular vignettes occupy the corners, each enclosing rural or wildlife scenes. A handwritten promise-to-pay text runs across the middle, with manuscript signatures and date at the lower portion, and ornamental guilloche scrollwork borders the left and right edges. |
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| Variants | P#S1552a - Without clause: One year after date P#S1552b - With additional clause: One year after date under Large 2's |
| Comments |
The Agricultural Bank of Toronto was a short-lived private institution that collapsed in 1837, caught in the widespread bank failures that swept Upper Canada during the financial panic of that year. Notes like this one were left unredeemed when the bank suspended operations, which makes surviving examples a product of disaster rather than routine retirement.
The dual denomination — dollars and shillings — reflects the monetary confusion of pre-Confederation Canada, where American dollars and British sterling coexisted in daily commerce with no fixed official hierarchy. Issuers had to satisfy both.