The Banque d'Hochelaga was a Montreal-based French-Canadian chartered bank founded in 1873 to serve the working-class francophone east end of the city — a deliberate counterweight to the Anglo-dominated financial institutions on St. James Street. By 1917, it was one of the more stable mid-sized chartered banks in Quebec, though it would eventually merge into the Banque Canadienne Nationale in 1924.
ABNC handled most of the prestige chartered bank work in Canada during this period. The $20 denomination saw limited everyday circulation — at a time when a factory worker's weekly wage might not reach that figure, these moved primarily between businesses and through bank clearing, which kept street wear low.
The Banque d'Hochelaga was a Montreal-based French-Canadian chartered bank founded in 1873 to serve the working-class francophone east end of the city — a deliberate counterweight to the Anglo-dominated financial institutions on St. James Street. By 1917, it was one of the more stable mid-sized chartered banks in Quebec, though it would eventually merge into the Banque Canadienne Nationale in 1924.
ABNC handled most of the prestige chartered bank work in Canada during this period. The $20 denomination saw limited everyday circulation — at a time when a factory worker's weekly wage might not reach that figure, these moved primarily between businesses and through bank clearing, which kept street wear low.