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5 Dollars
| Issuer | Farmers Bank of Canada |
|---|---|
| Year | 1907 |
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| In circulation to | 1907 |
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| Obverse description | Black intaglio print on white paper. The left portion carries a rural agricultural vignette with a farmer standing beside a white horse and livestock near a farm building, rendered in fine engraved line work. The bold serif inscription THE FARMERS BANK OF CANADA spans the centre, with the date TORONTO, JAN. 2ND 1907 and the obligation WILL PAY TO THE BEARER ON DEMAND above the denomination FIVE DOLLARS in a decorative panel; large numeral 5 counters appear at upper centre-right and lower right, with the word FIVE in a vertical panel at the far right. A purple CANCELLED overprint is visible at right. |
|---|---|
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| Reverse description | The reverse is essentially plain, printed on white cotton paper with minimal design. A faint ghost impression of the obverse is visible through the paper, along with what appears to be a lightly printed vignette or seal in the upper left area, consistent with the unfinished or cancelled state of this note. |
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| Comments |
The Farmers Bank of Canada was chartered in 1904 but never actually opened for business in the conventional sense — it collapsed before achieving full operational status, and its notes were issued speculatively rather than backed by functioning branch deposits. The 1907 series, of which this note is part, was printed by ABNCo in anticipation of a bank launch that never materialized cleanly, making these notes survivors of one of the more embarrassing chartered bank failures in Canadian financial history.
Because genuine circulation was negligible, most examples that surface today are remainders rather than truly issued notes. The distinction matters for provenance.