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50 Dollars Canal Bank
| Issuer | New Orleans Canal & Banking Company |
|---|---|
| Year | 1841-1895 |
| Type | Log in to see details |
| Value | 50 Dollars (50 USD) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
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| Obverse description | Central vignette of a seated allegorical female figure resting on merchandise bales in a harbor setting, with sailing vessels in the middle distance. A secondary allegorical figure at left mirrors the central composition, while a figure of Justice (or a related civic allegory) occupies the right portion of the note. The design is executed in the detailed intaglio style characteristic of Rawdon, Wright, Hatch & Edson productions of the mid-nineteenth century. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse carries a simple typographic layout with the abbreviated bank name and numerical denomination value, characteristic of the plain backs used on many American obsolete banknotes of this period. Some examples are known cut wider than standard, resulting in folded edges visible on the reverse. |
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| Comments |
The New Orleans Canal & Banking Company was chartered in 1831 primarily to finance the New Orleans Canal — a commercial waterway connecting the city's back basin to Lake Pontchartrain. Banking was almost an afterthought in the original mandate. By the 1840s, however, the institution had become a reasonably sound commercial bank, one of the few Louisiana banks to weather the 1837 panic without permanent suspension.
Rawdon, Wright, Hatch & Edson were among the most technically accomplished bank note engravers working in antebellum America, later absorbed into the American Bank Note Company in 1858 — which tightly brackets the printing window for notes bearing their imprint.