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5 Dollars Canal Bank, 'Redback'
| Uitgever | New Orleans Canal and Banking Company |
|---|---|
| Jaar | 1831-1895 |
| Type | Log in om details te zien |
| Waarde | 5 Dollars (5 USD) |
| Valuta | Log in om details te zien |
| Samenstelling | Log in om details te zien |
| Afmetingen | Log in om details te zien |
| Vorm | Log in om details te zien |
| Drukker | Log in om details te zien |
| Ontwerper(s) | Log in om details te zien |
| Graveur(s) | Log in om details te zien |
| In omloop tot | Log in om details te zien |
| Referentie(s) | Log in om details te zien |
| Beschrijving voorzijde | Black intaglio-printed note on cream paper, engraved by Toppan, Carpenter & Co. of Philadelphia and New York. The central vignette presents a group of four allegorical female figures arranged around a large ornate numeral '5', with a sailing ship visible in the right background; flanking the central design are two oval portrait medallions — George Washington at left and an unidentified male dignitary at right — each set within elaborate scrollwork frames. The denomination '5' appears in all four corners within guilloche rosettes, with the bank title 'CANAL BANK' in bold display lettering across the upper centre and 'NEW ORLEANS' in a ribbon panel along the lower centre, with cursive text forming the promise-to-pay legend distributed across the note face. |
|---|---|
| Opschrift voorzijde | Log in om details te zien |
| Beschrijving keerzijde | Printed entirely in red-orange ink, giving rise to the popular 'Redback' designation for this series. The design is symmetrically composed around a central vignette of an allegorical female figure of Agriculture, seated and holding a sheaf of wheat, set within a large Roman numeral 'V'. Flanking her on each side is a matching circular guilloche rosette enclosing a bold numeral '5' with a scroll inscribed 'FIVE', surrounded by radiating lathe-work. The inscription 'CANAL BANK' appears in a curved banner along the lower centre between the two rosettes. |
| Opschrift keerzijde | Log in om details te zien |
| Handtekening(en) | Log in om details te zien |
| Beveiligingstype | Log in om details te zien |
| Beschrijving beveiliging | Log in om details te zien |
| Varianten | Log in om details te zien |
| Opmerkingen |
The Canal Bank was one of Louisiana's most durable antebellum financial institutions, chartered in 1831 and surviving — remarkably — through the Civil War, Reconstruction, and several regional banking panics before finally closing in 1895. The 'Redback' nickname derives from the distinctive red-tinted reverse printing, a colorization technique Toppan, Carpenter adopted in the early 1850s partly as an anti-counterfeiting measure, predating the federal greenback program that would make colored reverses a national standard.
Louisiana's strict specie-reserve banking laws under the 1842 Banking Act meant Canal Bank notes generally maintained parity with gold longer than comparable Southern issues — a reputation that gave this paper real commercial reach outside the state.