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5 Dollars
| Issuer | Consolidated Bank of Canada |
|---|---|
| Year | 1876 |
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| Composition | Cotton paper |
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|---|---|
| Obverse lettering | THE CONSOLIDATED BANK OF CANADA FIVE DOLLARS Montreal 1st July 1876 to the bearer on demand FIVE 5 Commissioner Pres. |
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| Variants | S1724a - without overprint S1724b - blue overprint: N N S1724b - blue vertical overprint twice: GALT |
| Comments |
The Consolidated Bank of Canada was chartered in 1876 and collapsed in 1879 — a three-year lifespan that ended in one of the more embarrassing bank failures of the post-Confederation decade. The bank never recovered from a disastrous combination of imprudent lending and undercapitalization, and its failure contributed to tightening scrutiny of chartered bank practices under the 1880 Bank Act revision discussions.
The British American Bank Note Company had only been formally constituted in Ottawa in 1866, relocating to Montreal by the time this note was printed. Given the bank's brief existence and chaotic wind-down, surviving examples from the full series are genuinely uncommon.