2 Dollars = 10 Shillings

Emittente	St. Lawrence Bank and Lumber Company
Anno	1837
Tipo	Standard circulation banknote
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Descrizione del dritto	Printed in black intaglio on white cotton paper in the style typical of Lower Canadian private bank issues of the 1830s, the obverse presents a central vignette of a steam-powered paddle wheeler on the St. Lawrence River, flanked by two oval medallions each bearing the numeral TWO, with corner vignettes of a beaver at lower left and a deer at lower right evoking the issuer's lumber and natural resources associations. The arched legend ST. LAWRENCE BANK AND LUMBER COMPY appears above the promise-to-pay clause and the triple denomination statement TWO DOLLARS / TEN SHILLINGS / DEUX PIASTRES, with the place of issue given as Malton, Lower Canada. The date 25th May 1837 and serial number are entered in manuscript, consistent with hand-completion practices of the period.
Legenda del dritto	TWO REAL ESTATE PLEDGED Malton, Lower Canada ST. LAWRENCE BANK AND LUMBER COMPY Will pay J. Fraser or bearer on demand TWO DOLLARS TEN SHILLINGS DEUX PIASTRES
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Commenti	The St. Lawrence Bank and Lumber Company was not a bank in any conventional regulatory sense — it was a lumber operation that issued scrip because specie was simply unavailable in the remote timber regions of Upper Canada during the 1837 monetary crisis. That year, failures among American banks triggered a suspension of specie payments that cascaded north, leaving frontier workers with no practical medium of exchange. Company scrip filled the void. The dual denomination — dollars on one face, shillings on the other — reflects the genuinely mixed monetary arithmetic of pre-Confederation Canada, where American dollars and British sterling circulated simultaneously and conversion was a daily practical necessity, not a formality.