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| 正面铭文 | The New Orleans Canal & Banking Co. Will pay TWENTY DOLLARS on demand to bearer, New Orleans 18 |
| 背面描述 | The reverse is arranged symmetrically, with the word TWENTY in large horizontal lettering at both left and right margins. A large numeral 20 occupies the center, flanked by two circular guilloche medallions each bearing the Roman numeral XX. |
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The Canal and Banking Company was chartered by Louisiana in 1831 primarily to finance construction of the New Orleans Navigation Canal — banking was almost incidental to its original mandate. By the 1840s it had evolved into a full commercial bank, but the infrastructure origins explain the institution's unusual hybrid character among antebellum New Orleans issuers.
Rawdon, Wright, Hatch & Edson was among the most technically sophisticated security printers operating in North America at the time, later absorbed into the American Bank Note Company in 1858 — which brackets the upper end of this note's issue window precisely.