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50 Dollars Canal Bank

Uitgever New Orleans Canal & Banking Company
Jaar 1841-1895
Type Local banknote
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Opschrift voorzijde CANAL BANK The New Orleans Canal & Banking Comp.y Will pay Fifty Dollars to the bearer on demand. New Orleans _____ 18__ _____ Cash.r _____ Pres.t
Beschrijving keerzijde 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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Opmerkingen

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.

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