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National Bank Notes > North Dakota

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Mohall, First NB, W7008
Fr. 639 $20 1902RS
Grade: PCGS Fine 15    

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Here is a remarkable Red Seal from this Renville County bank that was organized on August 17, 1903. The bank issued 1,322 sheets of Red Seals and 3,438 sheet of Blue Seals before being placed into receivership on January 22, 1925. This note was one of the last pieces added to Glen's collection; acquired in January 2012 at a cost of $13,800. Pen signed by H. Herbert Steele, Cashier but the president's signature has faded. From the 'Platte River Hoard'. H. Herbert Steele was born in Sparta, Wis., February 27, 1872. He came to Dakota Territory in 1889 and lived at Aberdeen, moving to Mandan in 1894 and to Oakes in 1896. Here he entered a bank and made his way to the cashiership of the institution, but soon he went back to his studies. He attended the University of Michigan and the University of Minnesota and secured a law degree. He was admitted to the bar and went in to practice at Leeds. He added nance to his legal practice and organized the Farmers Bank of Leeds and became its cashier. In 1903 he extended his connection by moving to Mohall and establishing there the First National Bank, becoming the cashier of the bank. In 1904 he was elected to the senate and re-elected in 1908. Mohall, in the Minot metro area, is the county seat of Renville County. Mohall is located on the Canadian border, in north central North Dakota; the population was 783 at the 2010 census. Mohall was founded in 1901 by Martin O. Hall, the local newspaperman, who also founded Greene in 1909. The city was originally named Hall but this conflicted with another community in North Dakota with the same name, so it was changed to Mohall in 1902. The post office was established February 24, 1902 with Mr. Hall as Postmaster. When Renville County was formed in 1910, Mohall was named the county seat. A peak population of 1,073 was reached in 1950. Thomas H. Moodie, Governor of North Dakota for a short time during the political upheaval of 1935, was a longtime resident of Mohall.

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