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National Bank Notes > North Dakota

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Oakes, First NB, 6457
Fr. 650 $20 1902PB
Grade: PMG VF 25 Net    

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The First National Bank of Oakes was the earlier of two national banks chartered in town. This bank was chartered in October 1902 printing 7,624 large size sheets in addition to small size. The bank continued following the issuing period which ended in 1935. This note is new to the census so now there are five large notes reported on the bank. The quality and grade are nice but I would not have used 'net' grade for such a minor stain. Excellent black stamped signatures of H.C. McCartney, President and H.H. Denning, Assistant Cashier. PMG notes: stains. J. Hamlin Denning was born in Ohio, October 29, 1850. In 1883 he came to North Dakota, settling at Ellendale and numbered among the pioneer residents. He engaged in merchandising at Ellendale and subsequently became interested in the coal, grain and implement business as a member of the firm of Denning Brothers. In November, 1904, however, he gave up active farming and established his home in Oakes, and became one of the organizers of the Oakes National Bank, of which he was a director from the beginning and second vice president as well a senior member of the firm of Denning & Dyer, proprietors of the Oakes Steam Laundry. Oakes is located in Dickey County on the southern border of the state; the population was 1,856 at the 2010 census. Platted in 1886, Oakes had its beginnings as an important stagecoach and railroad station, taking its name from Thomas F. Oakes, President of the Northern Pacific Railroad. The post office was established December 6, 1886 with Floyd Hineman as Postmaster. It incorporated as a city in 1888, and its first mayor was its most famous citizen, Thomas Frank Marshall (1854-1921), later a United States Representative. Oakes became a railroad hub when the Chicago & Northwest Railroad arrived in 1886 and the Soo Line Railroad mainline was built here in 1887. A peak population of 2,110 was reached in 1980.

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