USA 1841-1895 50 Dollars - Canal Bank 18xx - New Orleans- Serial A XF

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This 50-dollar banknote issued by the Canal Bank of New Orleans, series A, dates from a period between 1841 and 1895. It is an example of an obsolete banknote, a form of private currency issued by banks without government guarantee, a common practice in the United States at the time.

The front of the note features a central allegory depicting a seated figure amidst merchandise, suggesting a bustling port scene with ships sailing in the background. On either side of this central image are other allegories: on the left, a variation of the main scene, and on the right, a representation of justice. The designation of the issuing bank, "CANAL BANK", is clearly indicated, as well as the promise to pay fifty dollars to the bearer on demand. Spaces are provided for the handwritten inscription of the date and the signatures of the cashier and president of the bank.

The back of the note displays the abbreviated name of the bank, "CANAL BANK", along with the mention "NEW-ORLEANS". The numerical value of the note is also inscribed. The name of the printer, "Rawdon, Wright, Hatch & Edson, New York", also appears on the back. It should be noted that some copies of this note may have wider cutouts and folded edges on the back, which testifies to their circulation and handling during their existence.

The dimensions of this note are 189 mm in length and 79 mm in width. All inscriptions are written in Latin. Due to their non-redeemable nature and their issuance without guarantees, these obsolete banknotes are considered historical artifacts testifying to the banking system of the time.

 

 

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