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    Description

    Montreal, PQ- The Mechanics Bank $4 June 1, 1872 Ch. # 430-10-04
    This short-lived bank was established in 1865 and failed in 1879, dogged by reports of corruption by its officers. It's failure was so complete that the bank's notes were redeemed at only 57.5 cents on the dollar, even after assessing its shareholders the full double liability they were responsible for under the law. The Charlton catalogue also relates that notes of this bank are uncommon in all grades. Good-Very Good with a blue "A" within a circle overprint.


    Auction Info

    Auction Dates
    August, 2010
    11th-16th Wednesday-Monday
    Bids + Registered Phone Bidders: 5
    Lot Tracking Activity: N/A
    Page Views: 476

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