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National Bank Notes > North Dakota

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Fairmount, First NB, W6255
Fr. 624 $10 1902PB
Grade: PMG VF 25    

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This Richland County town had just one national bank that was in business from May 1902 until August 28, 1925 when it liquidated. During its time there were 7,233 sheets issued. This note is new to the census and brings the total known to six. Stamped signatures of F.L. Branson, President and William Perry Dahlquist, Cashier. Fairmount is located in Richland County in the Wahpeton metro area. The population was 367 at the 2010 census. The village, which incorporated in 1887, reached a peak population of 706 in 1920. During the spring of 1878 quite a number of farmers of western Michigan, decided to remove to some state farther west where lands were cheaper. The settlement came to be known as "The Michigan Settlement" and later as Sewall Station. In the spring of 1879 a post office was established in the home of Warren Spaulding with the name of DeVillo. On June 5, 1884 the name was changed to Fairmount after the Quaker settlement in Pennsylvania. The Milwaukee Railway came through in the year 1884. Two years later 1886 marked the completion of two new railroads the Soo and the Great Northern. Before the locally-formed Fairmount & Veblen Railroad merged with the Soo Line Railroad in 1915, this town claimed to be the only place in the state with four different railroads.

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