#1 1929T2 Paonia, CO

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National Bank Notes > Colorado

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Paonia, First NB, 6671
Fr. 1802-2 $20 1929T2 #A000001
Grade: PCGS Ch. Abt. New 55    

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A nice, well centered $20 Type 2 note with serial #A000001 from this Delta County bank in western Colorado. Until a group was uncovered, this bank virtually never appeared. From the Rocky Mountain Collection. ---- Paonia was founded by Samuel Wade, a rancher and owner of the first general store in the town. He secured the post office and suggested Paeonia, the botanical term for the peony flower. The officials in Washington dropped the "e" to form Paonia. The North Fork Valley was the home of the Ute Indians until 1880 when the Ute Indian Reservation was closed by the federal government following the Meeker Massacre. In that same year Wade arrived with William Clark and Enos Hotchkiss. Today most of the town residents are employed in the fruit industry or the coal business.

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