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    Eaton, CO - $20 1902 Plain Back Fr. 660 The First NB Ch. # (W)6057
    Tonight we are pleased to offer a couple of National Bank notes and a small trove of effects from the The First National Bank of Eaton. All of the items come directly from the dispersed estate of bank President John D. Wilson, a well respected Eaton businessman and financier. According to History of Colorado, published in 1919 by the S.J. Clarke Publishing Co., Wilson's parents originally settled in Greeley after emigrating from Scotland in 1881. John was born in December of the same year, and not long afterwards, the Wilson family established themselves in Eaton. John attended public school in Eaton before attending the Agricultural College at Fort Collins. He was a graduate of the 1901 class and immediately secured a position as a bookkeeper at the bank in which his father had an ownership role, Thomas, Sullivan, & Wilson. Before year's end, the First National Bank of Eaton was chartered, but John D. Wilson remained with his first employer until the banks were consolidated in 1905. Wilson was appointed Vice President of the newly consolidated company, and by 1910, he assumed the presidency upon the resignation of A.C. Adams. Since the bank was organized during the second charter period, it received and issued 1882 Brown Backs, Date Backs, and Value Backs. A much smaller order of Series 1902 notes was placed and issued, the two here featuring the stamped signature of J.D. Wilson. The trove that follows this note, and the note in the next lot, includes many other items related to the bank's history, including the stamps used to affix Wilson's signature to the notes seen here. Both notes display bright, attractive paper, with full embossing. Graded Choice About New 55 by PCGS, a lone fold in the center of each note was likely the result of the notes being stashed away by Wilson as a remembrance of his achievements in banking. No small size notes were issued by the bank, perhaps alluding to financial problems. By 1931, the Eaton National Bank, Eaton's other National Bank, was liquidated, having issued only Large Size notes. The notes and effects of The First National were likely put into a box in February of 1934 when the receiver shut down the bank. Today, one note survives from the Eaton National Bank, and seven were previously known from the First National. The two offered here are the second and third Series 1902 notes offered, the other of which was graded Fine and sold for $3220 in 2009.

    Auction Info

    Auction Dates
    September, 2011
    7th-12th Wednesday-Monday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 463

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