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10 Dollars

Issuer Banque du Peuple
Year 1836
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Value 10 Dollars
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Reverse description Blue print with a central vignette of a standing male citizen in period coat and hat, set within an ornate engraved frame. Elaborate guilloche rosettes in vertical columns of three flank both left and right margins, against a blue lathe-work underprint.
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Variants P#S879a - Title: Cassier at lower left. 2.3.1836
P#S879r - Company name at lower left. Remainder. 18xx
Comments

The Banque du Peuple was a Montreal cooperative banking venture incorporated in 1835, organized in part to serve the French-Canadian merchant class that found itself consistently underserved by the Bank of Montreal and other anglophone-controlled institutions. Rawdon, Wright, Hatch & Co. in New York handled much of the engraved note printing for Canadian private banks during this period — the quality of their work was simply unavailable in Montreal at the time.

The bank survived until 1895, when it collapsed in a fraud scandal that wiped out a significant portion of its depositors. Notes from the 1836 emission predate that failure by nearly six decades.

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