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Volume 2 - ElectricCanadian.com

Volume 2 - ElectricCanadian.com

Volume 2 - ElectricCanadian.com

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544 HISTORY OF THE BANKIn the following year,1871, the $5 and $10 notes werealso changed, the portrait of Queen Victoria with the latheworkpanels at each end of the five, and the Royal arms ofGreat Britain on the ten, being apparently all that wasretained of the old face designs, the rest, including the greentint-plate, being re-engraved with the same general effect butof Canada hadmany minor differences. As the provinceceased to exist two months after the date of the first issue,May 1, 1867, the legend "Province of Canada" at the foot ofwas now replaced by thethe face of the note, in the centre,figures of the capital of the bank, and these were apparentlyrevised from time to time as the capital was increased. Thebacks of both notes remained unchanged, save for the omissionof the imprint of the bank-note <strong>com</strong>pany. These new $5 and$10 notes are dated May 1, 1871. 1After a few years a dangerous counterfeit of the $5 noteof May 1, 1871, appeared, bearing the signature of E. J. Smithas cashier. This signature is heavily printed and appears tothe naked eye almost as though affixed by a rubber stamp,whereas on the genuine notes the signatures are written. Theengraving of the head of Queen Victoria on the counterfeit iscoarse, and the head is turned slightly more to the right thanin the genuine note. The specimens of the forgeryin thebank's collection all bear the plate letter C and the serialnumbers are in the neighbourhood of 231270.As a result of the appearance of this counterfeit, the bankin 1879 issued a $5 note of a new design, bearing, in a rectangularframe with a curved indentation in each corner, a vignettedportrait of its president, the Hon. William McMaster. Ingeneral appearance and colour this note resembled previousissues, and it was dated January 1, 1879. In 1881 the frame ofMr. McMaster's portrait was changed to an oval, but in allother particulars, including the date, the note remainedunchanged. 2*See plates 72 and 74, facing pages 510 and 518.'See plate 73, facing page 514.

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