Excerpt from The War of 1812: In Connection With the Army Bill Act
In the winter of the year 1874 Mr. James Stevenson delivered a lecture on the Card Money of Canada during the French domination, and in the winter of 1876 another lecture on the Currency of Canada after the capitulation, both of which were published in the Transactions of the Literary and Historical Society. In the concluding paragraph of the last lecture he stated: "On some future occasion I will proceed with my subject. We have now reached the most interesting part of our financial history - that which is related to the war of 1812, when our Militia and our monetary resources were taxed to the utmost. I shall leave others to deal with the incidents of the war: it will be my endeavour to show how the exigencies of the Army were provided for under circumstances particularly trying, by the creation of a Government Bank of Issue, which all writers on Canadian history have alluded to; but which few, if any, have described in its operations, from its inception to its close on the return of peace." Mr. Stevenson redeemed his pledge last winter by delivering a lecture before the Society on The War of 1812 in connection with the Army-bill Act, which lecture, with some additions, divided into three chapters, we now publish. This lecture completes the history of the currency of Canada, as given by Mr. Stevenson up to the time that Banks were established, viz.: -
The Montreal Bank in 1817.
The Quebec Bank in 1818.
Quebec, 10th August, 1892.
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