The Bank of Upper Canada was established in 1821 under a Charter granted by the legislature of Upper Canada in 1819 to a group of Kingston merchants. This charter was "stolen" by the more influential Executive Councillors to the Lt. Governor, the Rev. John Strachan and William Allan and moved to Toronto. The bank was closely associated with the group that came to be known as the Family Compact, and formed a large part of their wealth. This association with the Family Compact and underhanded practices made Reformers, including Mackenzie, regard the Bank of Upper Canada as a prop of the Government. Complaints about the bank were a staple of Reform agitation in the 1830s due to its monopoly and aggressive legal actions against debtors.
Organization
Bank of the Family Compact
The first Bank of Upper Canada was located on the south-east corners of King and Frederick street in Toronto. Toronto at the time was too small for a bank and its promoters were unable to raise even the minimal 10% of the £200,000 authorized capital required for start-up. The bank succeeded only because its promoters had the political influence to have this minimum reduced by half, and because the provincial government subscribed for two thousand of its eight thousand shares. The Lt. Governor appointed four of the bank’s fifteen directors making for a tight bond between the nominally private company and the state. Despite these tight bonds, the Receiver General, the reform leaning John Henry Dunn, refused to use the bank for government business.
The Province of Upper Canada (French:province du Haut-Canada) was a part of British Canada established in 1791 by the United Kingdom to govern the central third of the lands in British North America and to accommodate Loyalist refugees of the United States after the American Revolution. The new province remained, for the next fifty years of growth and settlement, the colonial government of the territory.
Upper Canada existed from 26 December 1791 to 10 February 1841 and generally comprised present-day Southern Ontario. The "upper" prefix in the name reflects its geographic position being closer to the headwaters of the Saint Lawrence River than that of Lower Canada (or present-day Quebec) to the northeast.
Upper Canada included all of modern-day Southern Ontario and all those areas of Northern Ontario in the Pays d'en Haut which had formed part of New France, essentially the watersheds of the Ottawa River or Lakes Huron and Superior (excluding any lands within the watershed of Hudson Bay).
Canada (i/ˈkænədə/; French: [ka.na.da]) is a country in the northern part of North America. Its ten provinces and three territories extend from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98million square kilometres (3.85million square miles), making it the world's second-largest country by total area and the fourth-largest country by land area. Canada's border with the United States is the world's longest land border. Canada is sparsely populated, the majority of its land territory being dominated by forest and tundra and the Rocky Mountains; about four-fifths of the country's population of 35 million people live near the southern border. The majority of Canada has a cold or severely cold winter climate, but southerly areas are warm in summer.
The land now called Canada has been inhabited for millennia by various Aboriginal peoples. Beginning in the 15th century, British and French colonies were established on the Atlantic coast, with the first establishment of a region called "Canada" occurring in 1537. As a consequence of various conflicts, the United Kingdom gained and lost territories within British North America until left, in the late 18th century, with what mostly geographically comprises Canada today. Pursuant to the British North America Act, on July 1, 1867, the colonies of Canada, New Brunswick, and Nova Scotiajoined to form the autonomous federal Dominion of Canada. This began an accretion of provinces and territories to the self-governing Dominion to the present ten provinces and three territories forming modern Canada. In 1931, Canada achieved near total independence from the United Kingdom with the Statute of Westminster 1931, and full sovereignty was attained when the Canada Act 1982 removed the last remaining ties of legal dependence on the British parliament.
Canada is a 2012 novel by American author Richard Ford. The novel follows 15-year-old Dell Parsons, who must learn to fend for himself after his parents are arrested for robbing a bank. The book also re-visits Great Falls, Montana, a setting that Ford frequently uses in his work.
Plot
After his parents are arrested for robbing a bank, fifteen-year-old Dell Parsons is left to fend for himself. His twin sister Berner has run off, leaving him to a family friend that secrets him away to Saskatchewan, Canada. There Dell is to live with the American Arthur Remlinger, a man with a cool demeanor and a hidden inner violence that threatens Dell's well-being.
Development
The work on Canada took Ford twenty years, with the author stating that he took inspiration from several different sources. Ford stated that some of the elements in the book, such as the feeling of "not [being] connected with the larger forces of a culture I was by accident born into", were drawn from his personal experiences. He also expressed an interest in the aftermath and consequences of crimes such as murder and robberies, and the effect they have on the young family members of the perpetrators, as well as the "closeness to which normal life bears upon felonious life".
CANADA 1857 ONE PENNY Coin VALUE - Bank of Upper Canada 1857 Bank Token
CANADA 1857 ONE PENNY Coin VALUE - Bank of Upper Canada 1857 Bank Token WORTH? Bank of Upper CANADA 1857 ONE PENNY BANK TOKEN. Comment below if you have any old Canadian one penny coins and I'll value them up for.
Thanks for Watching, please like and subscribe for more Daily coin videos. Thanks again Dans Dollars.
published: 07 Jun 2020
Canada 1852 One Half-Penny - Bank of Upper Canada St. George Slays the Dragon
Country Canadian provinces
(Canada)
Type Token
Years 1850-1857
Value 1/2 Penny = 1/24 Shilling = 1/480 Pound (1/480)
Metal Copper
Weight 8.1 g
Diameter 27.7 mm
Thickness 1.9 mm
Shape Round
Demonetized yes
References CCT# PC-5, Br# 720, KM# Tn2
Obverse
Saint George slaying the dragon
Lettering:
BANK OF UPPER CANADA
1857
Engraver: John Pinches
Reverse
Coat of arms of Upper Canada.
Lettering:
BANK TOKEN
ONE HALF-PENNY
Engraver: John Pinches
Edge
Smooth
Comments
Diameter: 27.6 - 27.9mm
PC-5A Weight: 7.9g
Proofs exist.
Weight: 7.9 - 8.3g
PC-5B1 Royal Mint, Medal alignment
PC-5B2 Heaton Mint, Coin alignment
Proofs exist of PC-5B1
Cast copies exist.
https://en.numista.com/catalogue/pieces1898.html
http://www.coinsandcanada.com/tokens-medals-banks.php?title=1-penny-1852&id=116...
published: 14 Oct 2018
Crazy huge 1857 bank token of upper Canada found metal detecting in NH
Out metal detecting behind the cellar hole from the 1800s farm house we are doing some relic hunting. Looking to dig up artifacts and relics from the old days around this cellar hole with the Teknetics G2+ metal detectors . Down a bit from the rock wall of the old barn we got a signal ringing up really high around 88 - 89 and started to dig into the dirt. With the Teknetics pinpointed zeroing in on the target we see a big round thing. With just a little cleaning we start to see it is a huge copper coin. After cleaning it we find that it is a 1857 Bank token from Upper Canada and in great condition.....wow what a great find. Now that is treasure hutning when you are finding really old coins like that buried in the ground for almost 200 years. Now that is some great history found here in New...
published: 02 Mar 2023
CANADA 1850 ONE PENNY Coin VALUE - Bank of Upper Canada 1850 Bank Token
CANADA 1850 ONE PENNY Coin VALUE - Bank of Upper Canada 1850 Bank Token WORTH? Bank of Upper CANADA 1850 ONE PENNY BANK TOKEN. Comment below if you have any old Canadian one penny coins and I'll value them up for.
Thanks for Watching, please like and subscribe for more Daily coin videos. Thanks again Dans Dollars.
published: 07 Jun 2020
Coins in History- Episode #3 1857 Upper Canada Bank Penny
What was going on in Canada in 1857 when this coin was minted?! Find out in this episode of Coins in History!
published: 06 May 2020
1850 Upper Canada Bank Token (Punched)
Found on Feb 7th 2016 Southern Ontario. This 1850 Upper Canada Bank Token would have been warn by an Indian. Holes near the rims were for bracelets or charms. Found with an ATPro.
published: 08 Feb 2016
ONE PENNY TOKEN 1857 (Bank of upper Canada)
published: 25 Jun 2020
CRAZY OLD CANADIAN COIN, Bank OF Upper Canada Bank Token
https://www.antiquesinvestments.com/p...
One of a kind Pokemon prototype conveniently sold right here.
https://www.ebay.com/itm/334671970875
#coins
#coin
#coincollecting
#numismatics
#coinvalue
#coinhistory
#coindesign
#coincollectingtips
#coinshows
#rarecoins
#valuablecoins
#collectiblecoins
#foreigncoins
published: 05 Aug 2023
A BANK TOKEN FROM THE BANK OF UPPER CANADA: 1857 - FOUND SAGINAW, MICHIGAN
This video is based on a pretty cool bank token from 1857. I misspoke myself in the video and said it is a penny when in fact this was a half penny.
published: 02 May 2015
1850 1 cent bank of Upper Canada 172 years old coin 🪙
CANADA 1857 ONE PENNY Coin VALUE - Bank of Upper Canada 1857 Bank Token WORTH? Bank of Upper CANADA 1857 ONE PENNY BANK TOKEN. Comment below if you have any old...
CANADA 1857 ONE PENNY Coin VALUE - Bank of Upper Canada 1857 Bank Token WORTH? Bank of Upper CANADA 1857 ONE PENNY BANK TOKEN. Comment below if you have any old Canadian one penny coins and I'll value them up for.
Thanks for Watching, please like and subscribe for more Daily coin videos. Thanks again Dans Dollars.
CANADA 1857 ONE PENNY Coin VALUE - Bank of Upper Canada 1857 Bank Token WORTH? Bank of Upper CANADA 1857 ONE PENNY BANK TOKEN. Comment below if you have any old Canadian one penny coins and I'll value them up for.
Thanks for Watching, please like and subscribe for more Daily coin videos. Thanks again Dans Dollars.
Country Canadian provinces
(Canada)
Type Token
Years 1850-1857
Value 1/2 Penny = 1/24 Shilling = 1/480 Pound (1/480)
Metal Copper
Weight 8.1 g
Diameter 27.7 m...
Country Canadian provinces
(Canada)
Type Token
Years 1850-1857
Value 1/2 Penny = 1/24 Shilling = 1/480 Pound (1/480)
Metal Copper
Weight 8.1 g
Diameter 27.7 mm
Thickness 1.9 mm
Shape Round
Demonetized yes
References CCT# PC-5, Br# 720, KM# Tn2
Obverse
Saint George slaying the dragon
Lettering:
BANK OF UPPER CANADA
1857
Engraver: John Pinches
Reverse
Coat of arms of Upper Canada.
Lettering:
BANK TOKEN
ONE HALF-PENNY
Engraver: John Pinches
Edge
Smooth
Comments
Diameter: 27.6 - 27.9mm
PC-5A Weight: 7.9g
Proofs exist.
Weight: 7.9 - 8.3g
PC-5B1 Royal Mint, Medal alignment
PC-5B2 Heaton Mint, Coin alignment
Proofs exist of PC-5B1
Cast copies exist.
https://en.numista.com/catalogue/pieces1898.html
http://www.coinsandcanada.com/tokens-medals-banks.php?title=1-penny-1852&id=116
Country Canadian provinces
(Canada)
Type Token
Years 1850-1857
Value 1/2 Penny = 1/24 Shilling = 1/480 Pound (1/480)
Metal Copper
Weight 8.1 g
Diameter 27.7 mm
Thickness 1.9 mm
Shape Round
Demonetized yes
References CCT# PC-5, Br# 720, KM# Tn2
Obverse
Saint George slaying the dragon
Lettering:
BANK OF UPPER CANADA
1857
Engraver: John Pinches
Reverse
Coat of arms of Upper Canada.
Lettering:
BANK TOKEN
ONE HALF-PENNY
Engraver: John Pinches
Edge
Smooth
Comments
Diameter: 27.6 - 27.9mm
PC-5A Weight: 7.9g
Proofs exist.
Weight: 7.9 - 8.3g
PC-5B1 Royal Mint, Medal alignment
PC-5B2 Heaton Mint, Coin alignment
Proofs exist of PC-5B1
Cast copies exist.
https://en.numista.com/catalogue/pieces1898.html
http://www.coinsandcanada.com/tokens-medals-banks.php?title=1-penny-1852&id=116
Out metal detecting behind the cellar hole from the 1800s farm house we are doing some relic hunting. Looking to dig up artifacts and relics from the old days a...
Out metal detecting behind the cellar hole from the 1800s farm house we are doing some relic hunting. Looking to dig up artifacts and relics from the old days around this cellar hole with the Teknetics G2+ metal detectors . Down a bit from the rock wall of the old barn we got a signal ringing up really high around 88 - 89 and started to dig into the dirt. With the Teknetics pinpointed zeroing in on the target we see a big round thing. With just a little cleaning we start to see it is a huge copper coin. After cleaning it we find that it is a 1857 Bank token from Upper Canada and in great condition.....wow what a great find. Now that is treasure hutning when you are finding really old coins like that buried in the ground for almost 200 years. Now that is some great history found here in New England.
Crazy huge 1857 bank token of upper Canada found metal detecting in NH
SD channel membership.
https://www.youtube.com/channel/UCQYXpNBRRAfOfZpd6tAFVtw/join
The official SDNT website
www.notthursday.com
Stealth Diggers use Teknetics metal detectors.
www.tekneticsdirect.com
Check out Teknetics G2 Plus metal detector on Amazon.
https://www.amazon.com/s?k=teknetics+g2+metal+detector&crid=1JQJ1RJG8G7Q8&sprefix=teknetics+g2+metal+detector%2Caps%2C102&linkCode=ll2&tag=stealthdigger-20&linkId=1cd5506f43a105aa1f64166a8b09d47a&language=en_US&ref_=as_li_ss_tl
The Teknetics Tek Point pinpointer we use on Amazon.
https://www.amazon.com/Teknetics-TEK-POINT-Tek-Point-Pinpointer/dp/B079TXG8V6?crid=3ADKNG6UUMQ0D&keywords=teknetics+tek-point+pinpointer&qid=1676377728&sprefix=teknetics+Tek+point%2Caps%2C107&sr=8-2&linkCode=ll1&tag=stealthdigger-20&linkId=6585f924f9fa67435f9a5a2c436df743&language=en_US&ref_=as_li_ss_tl
We use the 5.11 tactical Rush series backpacks.
https://www.amazon.com/s?k=5.11+tactical+rush+backpack&crid=1VSY1VU4CJJJJ&sprefix=5.11+tactical+rush+backpack%2Caps%2C189&linkCode=ll2&tag=stealthdigger-20&linkId=a73d912ad62d1f72809164aabfd9387f&language=en_US&ref_=as_li_ss_tl
Check out the Olight flashlight gear we use & save $$$ with our coupon code.
https://www.olightstore.com/s/ZFDV9P
Use the SDNT10 promo code to get 10% off the non sale items.
Check Out the gear & items Stealth Diggers recommend on Amazon
https://www.amazon.com/shop/stealthdiggers
If you would like to be a patron of this channel by making a pledge & being a contributor to Stealth Diggers & Not Thursday.
www.patreon.com/stealthdiggers
Out metal detecting behind the cellar hole from the 1800s farm house we are doing some relic hunting. Looking to dig up artifacts and relics from the old days around this cellar hole with the Teknetics G2+ metal detectors . Down a bit from the rock wall of the old barn we got a signal ringing up really high around 88 - 89 and started to dig into the dirt. With the Teknetics pinpointed zeroing in on the target we see a big round thing. With just a little cleaning we start to see it is a huge copper coin. After cleaning it we find that it is a 1857 Bank token from Upper Canada and in great condition.....wow what a great find. Now that is treasure hutning when you are finding really old coins like that buried in the ground for almost 200 years. Now that is some great history found here in New England.
Crazy huge 1857 bank token of upper Canada found metal detecting in NH
SD channel membership.
https://www.youtube.com/channel/UCQYXpNBRRAfOfZpd6tAFVtw/join
The official SDNT website
www.notthursday.com
Stealth Diggers use Teknetics metal detectors.
www.tekneticsdirect.com
Check out Teknetics G2 Plus metal detector on Amazon.
https://www.amazon.com/s?k=teknetics+g2+metal+detector&crid=1JQJ1RJG8G7Q8&sprefix=teknetics+g2+metal+detector%2Caps%2C102&linkCode=ll2&tag=stealthdigger-20&linkId=1cd5506f43a105aa1f64166a8b09d47a&language=en_US&ref_=as_li_ss_tl
The Teknetics Tek Point pinpointer we use on Amazon.
https://www.amazon.com/Teknetics-TEK-POINT-Tek-Point-Pinpointer/dp/B079TXG8V6?crid=3ADKNG6UUMQ0D&keywords=teknetics+tek-point+pinpointer&qid=1676377728&sprefix=teknetics+Tek+point%2Caps%2C107&sr=8-2&linkCode=ll1&tag=stealthdigger-20&linkId=6585f924f9fa67435f9a5a2c436df743&language=en_US&ref_=as_li_ss_tl
We use the 5.11 tactical Rush series backpacks.
https://www.amazon.com/s?k=5.11+tactical+rush+backpack&crid=1VSY1VU4CJJJJ&sprefix=5.11+tactical+rush+backpack%2Caps%2C189&linkCode=ll2&tag=stealthdigger-20&linkId=a73d912ad62d1f72809164aabfd9387f&language=en_US&ref_=as_li_ss_tl
Check out the Olight flashlight gear we use & save $$$ with our coupon code.
https://www.olightstore.com/s/ZFDV9P
Use the SDNT10 promo code to get 10% off the non sale items.
Check Out the gear & items Stealth Diggers recommend on Amazon
https://www.amazon.com/shop/stealthdiggers
If you would like to be a patron of this channel by making a pledge & being a contributor to Stealth Diggers & Not Thursday.
www.patreon.com/stealthdiggers
CANADA 1850 ONE PENNY Coin VALUE - Bank of Upper Canada 1850 Bank Token WORTH? Bank of Upper CANADA 1850 ONE PENNY BANK TOKEN. Comment below if you have any old...
CANADA 1850 ONE PENNY Coin VALUE - Bank of Upper Canada 1850 Bank Token WORTH? Bank of Upper CANADA 1850 ONE PENNY BANK TOKEN. Comment below if you have any old Canadian one penny coins and I'll value them up for.
Thanks for Watching, please like and subscribe for more Daily coin videos. Thanks again Dans Dollars.
CANADA 1850 ONE PENNY Coin VALUE - Bank of Upper Canada 1850 Bank Token WORTH? Bank of Upper CANADA 1850 ONE PENNY BANK TOKEN. Comment below if you have any old Canadian one penny coins and I'll value them up for.
Thanks for Watching, please like and subscribe for more Daily coin videos. Thanks again Dans Dollars.
Found on Feb 7th 2016 Southern Ontario. This 1850 Upper Canada Bank Token would have been warn by an Indian. Holes near the rims were for bracelets or charms. F...
Found on Feb 7th 2016 Southern Ontario. This 1850 Upper Canada Bank Token would have been warn by an Indian. Holes near the rims were for bracelets or charms. Found with an ATPro.
Found on Feb 7th 2016 Southern Ontario. This 1850 Upper Canada Bank Token would have been warn by an Indian. Holes near the rims were for bracelets or charms. Found with an ATPro.
https://www.antiquesinvestments.com/p...
One of a kind Pokemon prototype conveniently sold right here.
https://www.ebay.com/itm/334671970875
#coins
#coin
#coin...
https://www.antiquesinvestments.com/p...
One of a kind Pokemon prototype conveniently sold right here.
https://www.ebay.com/itm/334671970875
#coins
#coin
#coincollecting
#numismatics
#coinvalue
#coinhistory
#coindesign
#coincollectingtips
#coinshows
#rarecoins
#valuablecoins
#collectiblecoins
#foreigncoins
https://www.antiquesinvestments.com/p...
One of a kind Pokemon prototype conveniently sold right here.
https://www.ebay.com/itm/334671970875
#coins
#coin
#coincollecting
#numismatics
#coinvalue
#coinhistory
#coindesign
#coincollectingtips
#coinshows
#rarecoins
#valuablecoins
#collectiblecoins
#foreigncoins
CANADA 1857 ONE PENNY Coin VALUE - Bank of Upper Canada 1857 Bank Token WORTH? Bank of Upper CANADA 1857 ONE PENNY BANK TOKEN. Comment below if you have any old Canadian one penny coins and I'll value them up for.
Thanks for Watching, please like and subscribe for more Daily coin videos. Thanks again Dans Dollars.
Country Canadian provinces
(Canada)
Type Token
Years 1850-1857
Value 1/2 Penny = 1/24 Shilling = 1/480 Pound (1/480)
Metal Copper
Weight 8.1 g
Diameter 27.7 mm
Thickness 1.9 mm
Shape Round
Demonetized yes
References CCT# PC-5, Br# 720, KM# Tn2
Obverse
Saint George slaying the dragon
Lettering:
BANK OF UPPER CANADA
1857
Engraver: John Pinches
Reverse
Coat of arms of Upper Canada.
Lettering:
BANK TOKEN
ONE HALF-PENNY
Engraver: John Pinches
Edge
Smooth
Comments
Diameter: 27.6 - 27.9mm
PC-5A Weight: 7.9g
Proofs exist.
Weight: 7.9 - 8.3g
PC-5B1 Royal Mint, Medal alignment
PC-5B2 Heaton Mint, Coin alignment
Proofs exist of PC-5B1
Cast copies exist.
https://en.numista.com/catalogue/pieces1898.html
http://www.coinsandcanada.com/tokens-medals-banks.php?title=1-penny-1852&id=116
Out metal detecting behind the cellar hole from the 1800s farm house we are doing some relic hunting. Looking to dig up artifacts and relics from the old days around this cellar hole with the Teknetics G2+ metal detectors . Down a bit from the rock wall of the old barn we got a signal ringing up really high around 88 - 89 and started to dig into the dirt. With the Teknetics pinpointed zeroing in on the target we see a big round thing. With just a little cleaning we start to see it is a huge copper coin. After cleaning it we find that it is a 1857 Bank token from Upper Canada and in great condition.....wow what a great find. Now that is treasure hutning when you are finding really old coins like that buried in the ground for almost 200 years. Now that is some great history found here in New England.
Crazy huge 1857 bank token of upper Canada found metal detecting in NH
SD channel membership.
https://www.youtube.com/channel/UCQYXpNBRRAfOfZpd6tAFVtw/join
The official SDNT website
www.notthursday.com
Stealth Diggers use Teknetics metal detectors.
www.tekneticsdirect.com
Check out Teknetics G2 Plus metal detector on Amazon.
https://www.amazon.com/s?k=teknetics+g2+metal+detector&crid=1JQJ1RJG8G7Q8&sprefix=teknetics+g2+metal+detector%2Caps%2C102&linkCode=ll2&tag=stealthdigger-20&linkId=1cd5506f43a105aa1f64166a8b09d47a&language=en_US&ref_=as_li_ss_tl
The Teknetics Tek Point pinpointer we use on Amazon.
https://www.amazon.com/Teknetics-TEK-POINT-Tek-Point-Pinpointer/dp/B079TXG8V6?crid=3ADKNG6UUMQ0D&keywords=teknetics+tek-point+pinpointer&qid=1676377728&sprefix=teknetics+Tek+point%2Caps%2C107&sr=8-2&linkCode=ll1&tag=stealthdigger-20&linkId=6585f924f9fa67435f9a5a2c436df743&language=en_US&ref_=as_li_ss_tl
We use the 5.11 tactical Rush series backpacks.
https://www.amazon.com/s?k=5.11+tactical+rush+backpack&crid=1VSY1VU4CJJJJ&sprefix=5.11+tactical+rush+backpack%2Caps%2C189&linkCode=ll2&tag=stealthdigger-20&linkId=a73d912ad62d1f72809164aabfd9387f&language=en_US&ref_=as_li_ss_tl
Check out the Olight flashlight gear we use & save $$$ with our coupon code.
https://www.olightstore.com/s/ZFDV9P
Use the SDNT10 promo code to get 10% off the non sale items.
Check Out the gear & items Stealth Diggers recommend on Amazon
https://www.amazon.com/shop/stealthdiggers
If you would like to be a patron of this channel by making a pledge & being a contributor to Stealth Diggers & Not Thursday.
www.patreon.com/stealthdiggers
CANADA 1850 ONE PENNY Coin VALUE - Bank of Upper Canada 1850 Bank Token WORTH? Bank of Upper CANADA 1850 ONE PENNY BANK TOKEN. Comment below if you have any old Canadian one penny coins and I'll value them up for.
Thanks for Watching, please like and subscribe for more Daily coin videos. Thanks again Dans Dollars.
Found on Feb 7th 2016 Southern Ontario. This 1850 Upper Canada Bank Token would have been warn by an Indian. Holes near the rims were for bracelets or charms. Found with an ATPro.
https://www.antiquesinvestments.com/p...
One of a kind Pokemon prototype conveniently sold right here.
https://www.ebay.com/itm/334671970875
#coins
#coin
#coincollecting
#numismatics
#coinvalue
#coinhistory
#coindesign
#coincollectingtips
#coinshows
#rarecoins
#valuablecoins
#collectiblecoins
#foreigncoins
The Bank of Upper Canada was established in 1821 under a Charter granted by the legislature of Upper Canada in 1819 to a group of Kingston merchants. This charter was "stolen" by the more influential Executive Councillors to the Lt. Governor, the Rev. John Strachan and William Allan and moved to Toronto. The bank was closely associated with the group that came to be known as the Family Compact, and formed a large part of their wealth. This association with the Family Compact and underhanded practices made Reformers, including Mackenzie, regard the Bank of Upper Canada as a prop of the Government. Complaints about the bank were a staple of Reform agitation in the 1830s due to its monopoly and aggressive legal actions against debtors.
Organization
Bank of the Family Compact
The first Bank of Upper Canada was located on the south-east corners of King and Frederick street in Toronto. Toronto at the time was too small for a bank and its promoters were unable to raise even the minimal 10% of the £200,000 authorized capital required for start-up. The bank succeeded only because its promoters had the political influence to have this minimum reduced by half, and because the provincial government subscribed for two thousand of its eight thousand shares. The Lt. Governor appointed four of the bank’s fifteen directors making for a tight bond between the nominally private company and the state. Despite these tight bonds, the Receiver General, the reform leaning John Henry Dunn, refused to use the bank for government business.