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10 Dollars
| Issuer | Eastern Bank of Canada |
|---|---|
| Year | 1929 |
| Type | Log in to see details |
| Value | 10 Dollars |
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| Composition | Log in to see details |
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| Obverse description | Black and red intaglio on white cotton paper, with the bank title 'EASTERN BANK OF CANADA' in bold letterpress across the top and the place and date of issue 'St. John, N.B., 15th May 1929' inscribed below it. The central vignette, executed in fine line engraving, presents a classical female allegorical figure seated before an industrial harbour scene with a steam locomotive and ships in the background. The denomination numeral '10' is repeated in guilloche panels at left and right, with 'TEN DOLLARS' in letterpress at the foot of the note. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | EASTERN BANK OF CANADA TEN DOLLARS 10 TEN CANADIAN BANK NOTE COMPANY, LIMITED |
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| Comments |
The Eastern Bank of Canada collapsed in 1928, making any note dated 1929 an immediate puzzle. The bank had already suspended operations by September 1928 after a catastrophic run triggered by losses in western Canadian grain lending — a failure that rattled depositor confidence across the Maritime provinces and prompted renewed calls for federal deposit protection. Notes bearing the 1929 date were almost certainly printed before the suspension but never formally issued, circulating only in the hands of liquidators and creditors.
Canadian Bank Note Company held the contract for several smaller chartered banks simultaneously, and surviving sheets from failed issuers occasionally surfaced through the liquidation process rather than normal banking channels.