1 Dollar = 5 Shillings

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.