Canada’s banking history tells the story of our nation’s development even beyond economics. Learning about our earliest financial institutions teaches about which cities were vital to the growth of our country and the local industries that fuelled each community’s well-being. The Bank of Hamilton was a determined and innovative company that served a new country for more than 50 years.
Chartered in 1872, the Bank of Hamilton witnessed recessions, railways, fires, booms, and enough growth to have 157 branches to celebrate their 50th anniversary in 1922, while always seeming to manage to turn a profit until they called it quits in 1923, amalgamating with the Canadian Bank of Commerce.
Geoffrey Bell Auctions Ltd. has offered a number fine Bank of Hamilton notes, including a rare 1914 $50 banknote that was a part of the historic Covered Bridge Collection at the last Toronto Coin Expo Sale. The note realized $5,000. The intricate red-tint face features a seated allegorical female vignette with the agriculture and commerce allegories in the background.
The same sale and collection also presented an 1892 $5 pro cashier note in VG that sold for $525. Of note on this piece is the vignettes of Agriculture at left and the bank president, John Stuart at right. On the back is a lovely rendition of their head office before they added an additional eight stories, making it Hamilton’s first skyscraper and attracting the Human Fly, Harry H. Gardiner, to celebrate the end of World War I by climbing it on November 11, 1918.
The Bank of Hamilton is a significant bank in Canadian banking history. And when Geoffrey Bell Auctions Ltd. is between sales, keep an eye on the inventory of the Coin Cabinet in Moncton; there’s even a 1914 Bank of Hamilton $5 note listed on eBay that’s waiting for the perfect home.
Keep in mind we’re participating in the local gift card promotion: twice a year, Downtown Moncton Gift Cards will be sold at 20% discount ($0.80 cash for $1 in Downtown Moncton Gift Cards), in a minimum denomination of $20 and a maximum denomination of $500. The first sale will take place from Tuesday, July 11- Friday, July 14, 2017, at 770 Main Street, suite 104 (Assumption building lobby) or until supplies last! These gift cards will allow the general public to choose multiple locations to spend their Downtown Moncton Gift Cards. On top of the two 20% off sales offered by Downtown Moncton Centre-ville Inc., most of the downtown businesses will also be offering various sales throughout the year, as they normally would. Just think of all the money you will save!