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50 Piastres
| Issuer | Banque d'Hochelaga |
|---|---|
| Year | 1898 |
| Type | Log in to see details |
| Value | 50 Piastres |
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|---|---|
| Obverse lettering | PROVINCE DE QUÉBEC BANQUE D'HOCHELAGA INCORPORÉE EN 1873 AUTORISÉ $4,000,000 CAPITAL Paiera CINQUANTE PIASTRES au porteur à demande Montréal, le 1er Mars, 1907 GÉRANT GÉNÉRAL PRÉSIDENT AMERICAN BANK NOTE COMPANY 50 CINQUANTE FIFTY |
| Reverse description | The reverse is plain, printed on unadorned white cotton paper with no design elements, vignettes, or inscriptions, consistent with many Canadian chartered bank notes of this era. |
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| Comments |
The Banque d'Hochelaga was a Montreal-based French-Canadian chartered bank founded in 1874 to serve working-class francophone communities largely shut out of the Anglo-dominated banking establishment. By 1898 it had grown substantially, but it would not become the Banque Canadienne Nationale until 1924. Canadian chartered bank notes of this period circulated as de facto currency under the Bank Act, redeemable at par — the federal government tolerated private note issue well into the twentieth century.
The American Bank Note Company in New York printed the bulk of Canadian chartered bank paper through this period, and the relationship was longstanding. ABNC's intaglio work on Canadian issues from the 1890s is consistently precise.