Fifty Dollar Notes › Nationals › 1902 Fifty Dollar National Bank Notes › North Carolina Charters › 1902 $50 Spencer North Carolina First National Bank
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1902 $50 Red Seal - Front
1902 $50 Red Seal - Back
1902 $50 Date Back - Front
1902 $50 Date Back - Back
1902 $50 Plain Back - Front
1902 $50 Plain Back - Back
| Item | Info |
|---|---|
| Series | 1902 |
| Charter | #10662 First National Bank of Spencer, North Carolina |
| Year Chartered | 1914, 200 Banks Chartered |
| City Info | Spencer is a town in Rowan County, North Carolina, United States, incorporated in 1905. As of the 2010 census, the town population was 3,267. The town was named for Samuel Spencer, first president of the Southern Railway, who is credited with establishment of the railroad's mechanical shops at the site in 1896. The site was approximately the midpoint of the railroad's mainline between Atlanta, GA and Washington, DC. As the shops were being built the Southern Railway developed a town, also named Spencer, alongside the shops for worker housing. Initially, the Southern partitioned 85 acres into 500 lots. Instead of creating a traditional "company" town in which the workers rented houses Southern sold the lots to workers or businesses for $100 apiece. The deeds did contain restrictive covenants which maintained that a dwelling costing in excess of $400 and approved by a Southern appointed architect be built within a year. The Southern donated lots for religious institutions. Southern also helped establish a YMCA in the town. The community grew quickly and … Source: Wikipedia |
| Similar Cities | If your note doesn't match try: 1. Spencer, Indiana - First National Bank 2. Spencer, Massachusetts - Spencer National Bank 3. Spencer, Iowa - First National Bank 4. Spencer, Iowa - Citizens National Bank 5. Spencer, Nebraska - First National Bank 6. Spencer, Indiana - Spencer National Bank 7. Spencer, West Virginia - First National Bank 8. Spencer, Iowa - Clay County National Bank |
| Seal Varieties | Red, Blue |
| Other Info | 1. Value depends on notes known for charter, condition and market demand. |
| Neat Fact | Full and partial sheets of National Bank Notes are known to exists. Families of bank officials, particularly those who signed the notes, kept them as keepsakes. Some sheets are extremely valuable. Others are more common. |
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