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1 Dollar = 5 Shillings
| Issuer | St. Lawrence Bank and Lumber Company |
|---|---|
| Year | 1837 |
| Type | Log in to see details |
| Value | 1 Dollar = 5 Shillings |
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| 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 | Log in to see details |
|---|---|
| Obverse lettering | ONE DOLLAR ST. LAWRENCE BANK AND LUMBER COMPY REAL ESTATE PLEDGED ONE FIVE SHILLINGS ONE MASTER Will pay or bearer on demand |
| Reverse description | Plain unprinted. |
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| Comments |
The St. Lawrence Bank and Lumber Company was one of dozens of short-lived Upper Canadian commercial ventures that issued scrip during the Free Banking chaos of the late 1830s. Whether it functioned as a genuine bank or primarily as a company payroll instrument for lumber camp workers is a reasonable question — the dual denomination (Dollar and Shillings) reflects the awkward monetary bilingualism of pre-Confederation Canada, where American dollars and British sterling circulated simultaneously and conversion was a daily negotiation.
Underwood, Bald, Spencer & Hufty — note the correct spelling — were among the most prolific American security printers of the period, producing notes for hundreds of issuers across the northeastern states and Canada.