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5 Dollars
| Issuer | Union Bank of Canada, Quebec |
|---|---|
| Year | 1893 |
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| Reference(s) | P#S1488 |
| Obverse description | Green-tinted note with the bank title THE UNION BANK OF CANADA across the upper portion in bold serif lettering. The central vignette presents two allegorical figures flanking a heraldic shield, with a sailing ship vignette at the lower left and a portrait of a bearded gentleman at the lower right. The promise text WILL PAY TO BEARER ON DEMAND and the denomination FIVE DOLLARS appear centrally, with the place of issue QUEBEC and date June 1893 noted below, accompanied by a facsimile signature of the President. |
|---|---|
| Obverse lettering | THE UNION BANK OF CANADA WILL PAY TO BEARER ON DEMAND FIVE DOLLARS QUEBEC JUNE 1893 PRESIDENT |
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| Comments |
The Union Bank of Canada had its roots in Quebec City, where it was chartered in 1865, but by the 1890s the bank was pushing aggressively into western expansion — a strategy that would eventually outrun its capital and contribute to its absorption by the Royal Bank in 1925. This 1893 note was issued during a period of institutional confidence that, in retrospect, was already fragile.
American Bank Note Company produced the series, as they did for a large proportion of Canadian chartered bank issues of this period. ABNC's Toronto competitor, the British American Bank Note Company, was the more common choice for Quebec issuers by this point, which makes the ABNC contract here worth noting.