Description

    Montreal, PQ- Merchants Bank of Canada $4 June 2, 1873 Ch # 460-10-08
    This note bears the second title adopted by this institution. While this bank was in business from 1868 through 1923, it had several brushes with failure, including one during the depression of the 1870's, when a spate of bad loans made the bank's failure a distinct possibility. The end came in 1922, when the bank was sold to the Bank of Montreal, again after large loan writeoffs. PMG Fine 12 Net, with some repairs.


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    Auction Dates
    January, 2011
    5th-10th Wednesday-Monday
    Bids + Registered Phone Bidders: 5
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