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National Bank Notes > North Dakota

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Ashley, First NB, 10864 #3
Fr. 1802-1 $20 1929T1
Grade: PMG Ch. Fine 15 Net    

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This town, in McIntosh County, had but one bank and they printed 440 sheets of small size nationals by the time it was placed into liquidation in 1930. This serial #3 note is the only $20 reported, but there are also three $10s known. Printed signatures of Louis Rubin, President and Arthur Walker Wentz, Cashier. There are two numbers written on the back. PMG notes: annotations partially erased, trimmed. Louis Rubin, of Ashley, was born in Romania, Europe, April 1, 1872. In 1896, Mr. Rubin came west and set himself up as an itinerant merchant and eventually developed into a storeowner. He also undertook extensive farming and livestock operations and served for two terms as president of the board of trustees at Ashley as well as president of the First National Bank. Ashley is the county seat of McIntosh County; the population was 749 at the 2010 census. During the early 1880s there was a great influx of immigrants from the various countries of western and northern Europe into the area. In 1884, a site for the town of Hoskins was established on the south shore of Lake Hoskins. This new settlement became the town of Ashley in 1888 when its buildings were moved to the present site to be closer to the Soo Line Railroad. The community was named after Railroad executive Ashley Morrow. The post office was established May 4, 1888 with Thomas J. Lamunyon as Postmaster. That year it was made McIntosh county seat, replacing Hoskins. A peak population of 1,423 was reached in 1950.

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