Old $100 notes

News: Welcome to the Canadian Paper Money Forum.

I was thumbing through my Charlton and realized that there were no government-issue $100 notes issued prior to the Bank of Canada's first issue in 1935, except for the 1872 Dominion issue, and the 1866 Province of Canada (which were printed but never actually issued.)

Did the chartered banks fill the demand for $100 notes, or was there no demand to fill?

Both, really.  The old BABN printing of 1872 was used for decades, but such demand as existed was supplied mainly by the chartered banks.  See page 88 in Charlton - the $100 denomination was too small to be convenient for bank Dominion note reserves (bank legals of $500 to $50,000 met that need) but too big for the general public, when $100 could well have represented 3 to 6 month's income.  The last $100 Dominion note was redeemed in 1918; they are now extinct except as proofs.

Now if only I could get a scan...  

http://www.cdnpapermoney.com/English/DoC/doc_$100.htm

Further to our discussion of $100 Dominion notes, it occurred to me that there might be some interest in the models prepared by ABN (Ottawa branch) in 1902.  $50 and $100 models were discussed.  I have never seen the $100 model but here is the $50.  It is dated 1st Jan. 1903 and comes from a CPMS souvenir sheet.  (The Society may still have a few of these if anybody is interested.)

Here's the image. Can't use a "$" in the file name.

And yes, I'd love one.

Thanks, guys, for the info.

Still curious...What if, say in 1934, one chartered bank had to transfer $800 worth of their Dominion note reserves to another bank?  They'd use one of their $500 bank legals, and what would they use for the other $300?  Sixty 1912 "train" $5 notes and/or any 1924 Queen Mary's they had kicking around?  

I'm just going from memory  here and could easily be wrong, but I think by the date you mentioned banks settled their outstanding balances against each other by drafts - not transfer of Dominion notes or gold.

Does anyone have a high-res scan of that $50?  More specifically, the central vignette... or could someone point me to where I could obtain the souvenir sheet?  Thanks so much!