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National Bank Notes > North Dakota

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Mandan, Merchants NB, W10604
Fr. 605 $5 1902PB
Grade: PMG AU 55    

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Here is a very special note. This was Mandan's second national bank and it was a short-lived affair. It was organized on August 24, 1914 and issued 3,303 sheets of $5, $10 and $20 Plain Backs before being placed into receivership on December 26, 1923; that must have been a bad Christmas for some. This note is one of only four survivors. It's listed in the census as UNC and Jack Everson always thought it was UNC, as I did. Now it's graded AU 55. It carries a penned signature of R.S. Johnstone, Vice President and a stamped signature of S.S. Meyer, Cashier. Mandan, in the Bismarck metro area, is the county seat of Morton County. The population was 18,331 at the 2010 census, making Mandan the sixth largest city in the state. Mandan was founded in 1879 and became the county seat in 1881, the same year it was organized as a village. The first permanent settlers were here in 1872, and it was known as Morton and Lincoln before officially becoming Mandan, for the Indian tribe of that name, on December 14, 1878. Mandan is derived from Mantahni, or 'people of the river bank'. Postmaster Arthur Linn adopted the new name March 3, 1879, but on March 11, 1879 new Postmaster Andre Thompson changed the name to Cushman. The Mandan name was restored September 26, 1879 by popular demand. It is a major railroad center, and is the home of the State Industrial School. Nearby Fort Clark was founded as an American Fur Company trading post in 1831. Located on the west bank of the Missouri River and north of present-day Mandan, the post was named to honor General William Clark (of the Lewis and Clark Expedition).

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