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National Bank Notes > North Dakota

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Milton, First NB, W6518
Fr. 613 $10 1902RS
Grade: PMG VF 20    

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A pleasing Red Seal from this bank in this Cavalier County community. After its organization on October 25, 1902 they issued only 420 sheets of Red Seals along with a scant 813 Blue Seal sheets. To date there are just two survivors. The bank was placed into receivership on August 11, 1932 after a small total issue of 61,650. This Red Seal has excellent color and wonderful pen signatures of W.W. McQueen, President and H.G. Halverson, Cashier. Milton is located in Cavalier County in northeast North Dakota; the population was 58 at the 2010 census. When Milton was founded in 1887, the postmaster initially suggested that the town be called Springfield. Some historians claim the town was named after the famous English poet, John Milton. However, most historians agree the town was named for Milton, Ontario, the hometown of pioneer settler Steven Sophar. Steven Sophar was instrumental in obtaining land and creating townships across North Dakota, as well as in several other northern states. A high population of 764 was reported here in 1890 at the peak of its initial boom; the village incorporated in 1888. Milton High School graduated its first class in 1914. The original School building burned on April 19, 1919 and a new brick school was built which opened in 1920.

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