---

National Bank Notes > North Dakota

---

---

Buxton, First NB, 10814
Fr. 1801-1 $10 1929T1
Grade: PMG Ch. EF 45 EPQ    

---

This bank issued $10 and $20 Type 1s and Type 2s with 696 Type 1 sheets printed. This gorgeous, new to the census $10 has the signatures of Oliver Sigvard Hanson, President and Albert Leonard Hanson, Cashier. Leonard Hanson was killed in 1931 during a robbery of this bank. Oliver S. Hanson, president of the Scandinavian American Bank of Grand Forks, was born in Hanover township, Iowa, June 3, 1862. His parents were Hans A. and Maren Hanson, both of whom were natives of Norway. He came to to Hillsboro, ND in November, 1881, and spent three years in the position of bookkeeper for the Hillsboro National Bank. He went to Buxton in January, 1884, at the age of twenty-one years, and established the Bank of Buxton and became cashier. He purchased the business within a few months and conducted it as a private bank. In 1890 it was reorganized as the State Bank of Buxton, and he was president of the institution until 1907, when he moved to Grand Forks. Buxton, in Traill County, is part of the Grand Forks metro area; the population was 323 at the 2010 census. Buxton was founded in 1880 as a townsite along the Great Northern Railroad. The post office began operating in November of that year. At that time the only construction on the town site was a sod shanty homestead owned by a Norwegian family. By November 2, 1880, a store had been built, operated by John Newberry and Randolph Roberts. During these same months a two-story station and a section house were built by the railroad. The section house was operated as a boarding house, rooms being rented to railroad section crews and their families. The original promoters of the town site were T. J. Buxton, President of the City Bank, Minneapolis and Charles McCormick Reeve, bank cashier, among others. As the surrounding farming community recognized the development of the town site, Buxton became the first grain market between Grand Forks and Fargo. It was incorporated as a village in 1922, and a peak population of 410 was reached in 1930. Chester Fritz (1892-1983), the famous businessman, financier, and UND benefactor, was born here.

---