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Promotional Advertising Steel Bank"The Bank Of New Brunswick, Saint-John,NB"Circa before 1913

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Gruff's loves346 of 460Cobalt Blue Centre piece with applied Feet, Circa 20 Century.Czech Art Deco Tall vase,Circa 1920-30
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    Posted 9 years ago

    Alan2310
    (915 items)

    Good Afternoon CW Friends----(5:30 PM)2016-4-14
    In the passion of collecting in any field, collectors always looking for some missing link in there collection, my passion for banking memorabilia, push me always to look, research and try to find this missing link, 4 or 5 month ago, i was looking online, and I find one chrome steel bank, i did't have in my collection, different front plate then the pair already have, so it's evident that i have to get it, well and the rest was history.
    This new post depicted the promotional Bank of New Brunswick, with a different front plate, the serial number also is lower, in this case anterior of my first model, same shape and material(Chrome Steel)
    Now my goal is the find the last one of this link, the heavy gage steel with darker decor call(swirl finish), already post many of this shape and decor.

    Those 2 bank are manufactured by W.F.Burns, Chicago and New-York.
    Measurement 4 inch wide, 3 inch tall, 1.75 inch thick, small little handle at the top, hole for bill, slot for coin on the right side.

    Picture 1 show both reunited.
    Picture 2 show my new acquisition, with additional engraving" St-John,NB"
    Picture 3 show my first one only engraving"Bank of New Brunswick"

    -----------------------------Bank of New Brunswick--------------------------------

    The Bank of New Brunswick was established on March 25, 1820 in the pre-Confederation Province of New Brunswick, Canada as the first Canadian bank to operate under a charter. Headquartered in a new building on Prince William Street in Saint John in 1826, the neoclassical bank façade consisted of an Ionic temple of finance.

    It was founded by some of the colony's most prominent businessmen. At the time, Saint John was the largest city in the Maritime Provinces, exceeding in population both Halifax, Nova Scotia, and for a time during the 19th century, even Toronto, Ontario.

    John Robinson was elected the first President of the Bank of New Brunswick and served until 1824 when he was succeeded by Charles Simonds.

    The acquisition of the City Bank of Saint John in 1839 and the Summerside Bank of P.E.I. in 1901, expanded the Bank's network. Following the City Bank acquisition, City Bank president Thomas Leavitt became president of the Bank of New Brunswick.Leavitt came from a family of merchants, shipowners and shipmasters of Saint John, New Brunswick, who were related to the early Simonds, White and Hazen families of Saint John.

    -----------------------------------------Merger---------------------------------------

    But by the early part of the 20th century it became apparent that the Bank of New Brunswick lacked the capital needed to remain competitive, and its shareholders accepted an offer to merge with the Bank of Nova Scotia on February 15, 1913 Saint John, the largest city, could not attract investment from overseas despite 4% higher returns compared to Upper Canada. The investment funds went to Central Canada. The four banks that had been established in New Brunswick were closed or merged after Confederation in 1867. Manufacturing consequently slid in Saint John from 15% of the total output of Canada in 1867 to less than 5% 70 years later.

    The four banks in New Brunswick closed or merged because they could not get capital from investors to remain competitive. The investment went to central Canada. The bank's headquarters ended up in Montreal - the banks follow the investors. The investors fled Saint John because the West was opening up. The Saint John Board of Trade wanted "commercial union" with the United States. So did the US and many other Canadians. But the Toronto Board of Trade did not want commercial union. Since the House of Commons was controlled by Ontario having 100 seats, 59 of which were Conservative including Toronto's, and New Brunswick had 19 seats with 3 Liberals from Saint John, Toronto won out. Sir John A. Macdonald's Conservative government voted down the commercial union bill of March 5, 1888 which would have given Saint John access to a larger market, and thus continued its economic superiority. But Toronto won the day thanks to Sir John A. Macdonald and his Conservatives. Since Saint John was cut off from Central Canada, and its natural market was the New England, Saint John has been in decline since 1867 – 140 years. The Bank of Nova Scotia (Scotiabank) eventually moved its headquarters to Toronto- Canada's banking and financial centre.

    Like the other Canadian chartered banks, it issued its own paper money. The Bank of Canada was established through the Bank of Canada Act of 1934 and the banks relinquished their right to issue their own currency. Around $30,000 in notes are in circulation.[citation needed] These notes can be reimbursed by the Bank of Canada.

    Courtesy of : https://en.wikipedia.org/wiki/Bank_of_New_Brunswick

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    Comments

    1. blunderbuss2 blunderbuss2, 9 years ago
      Hey, enjoyed the history & makes your collection just that more appealing & appreciated. I liked "TO" but now will have to look into what natural resources prompted development at that spot.
    2. Alan2310 Alan2310, 9 years ago
      bb2, let me found something for you on this matter.
      Many thanks for the comment and the love, always appreciated your visit on my post, take care.

      Regards
      Alan
    3. Alan2310 Alan2310, 9 years ago
      Nicefice
      AzTom
      kivatinitz
      Gruff
      Karen
      fortapache
      bb2
      SEAN
      mike
      NevadaBlades
      brunswick, many thanks to all of you for the love, much appreciated that you take some time to stop by, also for you constant support.

      Regards
      Alan
    4. blunderbuss2 blunderbuss2, 9 years ago
      The Humber River bypasses the fall line ("Viagra" Falls) ? Is this where North Bay comes into the formula ? (Eh!)
    5. Alan2310 Alan2310, 9 years ago
      Kevin, many thanks for the love, much appreciated that you take some time to stop by.
      Also thank you for your constant support.

      Regards
      Alan
    6. woofer911 woofer911, 7 months ago
      i just dug one of these metal detecting says bank of new brunswick and number looks like 819
    7. Alan2310 Alan2310, 7 months ago
      Hi Woofer911, you mean you dug one, was underground, what condition it is ??
      thank you for your visit on my post.
      Alan
    8. woofer911 woofer911, 7 months ago
      was a metal detcting find in saint john. i can send pictures if u have an email.
    9. woofer911 woofer911, 7 months ago
      oh and mine is stamped new york. ,
    10. Alan2310 Alan2310, 7 months ago
      I add an email for you to send pictures, thank you.
      Alan
    11. woofer911 woofer911, 7 months ago
      np, ill send as soon as i can find the email address. i dont want it so if u can restore it, u can have it.
    12. woofer911 woofer911, 7 months ago
      or u can email me at digital_vp@techie.com
    13. woofer911 woofer911, 7 months ago
      i sent you an email alan.

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