20 Dollars

The Northern Bank was a short-lived institution — chartered in 1905, it collapsed in 1908 following a run on deposits triggered by broader confidence failures in the Canadian prairie banking sector that year. Notes from the 1905 series had an exceptionally brief window of legitimate circulation, and the bank's failure meant redemption was uncertain; noteholders faced real losses before the liquidation process concluded.

The British American Bank Note Company in Ottawa handled printing for a large share of Canadian chartered bank issues during this period, which makes attribution straightforward. At the $20 denomination, surviving examples are scarce — higher-value notes from failed banks were disproportionately surrendered during claims proceedings rather than kept as curiosities.