First National Bank
of Ceylon, Minnesota
Large Size - 2nd Charter
Brown Back - US$10

National US$20 bank Notes issued in 1901 by the First National Bank of Ceylon, Minnesota with Charter Number 6029. Original note issued when the Bank was founded with date Oct. 4, 1901 and Treasury Signatures of the time. The Bureau of Engraving and Printing certified Proof in National Numismatic Collection has date 1901-12-06.
Denomination : $10
English : Ten Dollars
State : Minnesota
City : Ceylon
Bank : First National
Charter : 6029 M
Seal Color : Brown
Size : 189x79 mm
Date on Note : Oct. 4, 1901
Year of Issue : 1902
Front Design : 1882
Back Plate Type: Brown Back
Bank Serials : 1 - 1500
Plate Prefix : A-C
Printed Notes : 4500
Known Notes : 0 (T&P)
Status : Plate Proof
Fr. 490 $10 1882 BB FNB

Front: Printed in Black the Engravings: On left, Benjamin Franklin drawing electricity On right, Liberty with eagle.
Large TEN on upper left and Numeric 10 on upper right.
In Middle NATIONAL CURRENCY in Arc on Top. Below THIS NOTE IS SECURED BY BONDS OF THE UNITED STATES OR OTHER SECURITIES in 4 arcs/lines. THE FIRST NATIONAL BANK OF CEYLON Will pay TEN DOLLARS on demand MINNESOTA in 7 arcs/lines. Ceylon, Minn and Oct. 4 1901 on either side of FIRST.
Above US Treasury Signatures:
On left J. W. Lyons Register of the Treasury (1898-04-07-1906-04-01)
On right Ellis H. Roberts of New York, Treasurer of the United States (1897-07-01 to 1905-06-30).
Labeled space at bottom for hand Signatures of Bank Cashr on left and John Dows (1902-10) Prest on right.
Multiple times along Border Charter No 6029 and value as 10 TEN X and NATIONAL CURRENCY in microprint.
Plate position A, B or C on upper left and lower right.
Border bottom middle in small text BUREAU OF ENGRAVING AND PRINTING in 2 lines with U$ on either side.
Will be Overprinted in Blue Bank Serial Number and National Serial Number. Large Charter Number 6029 with Seal. The large M indicates that Ceylon MN is in Mid West
Back: Large Charter Number 6029 overprinted in Blue centered in oval panel with Spirographic design.
Numeric 20 on upper and XX on lower corners.
Engravings within ovals.
on left, Settler plowing a field in front of an Indian on horseback rides toward the left. A banner shows the state motto "L'Etoile du Nord" with MINNISOTA belows in arc. Left part of official state seal adopted soon after Minnesota became a state in 1858.
on right, Perched Eagle with looking left on a twig and US Flag to right. U.S. below. NATIONAL CURRENCY multiple times left and right along border.
Upper Center panelTHIS NOTE IS RECEIVABLE AT PAR IN ALL PARTS OF THE UNITED STATES, IN PAYMENT OF ALL TAXES AND EXCISES AND ALL OTHER DUES TO THE UNITED STATES. EXCEPT DUTIES IMPORTS AND ALSO SALARIES AND OTHER DEBTS, DEMANDS OWING, BY THE UNITED STATES TO INDIVIDUALS, CORPORATIONS & ASSOCIATIONS WITHIN THE UNITED STATES, EXCEPT INTEREST ON PUBLIC DEBT.
Lower center panelCOUNTERFEITING OR ALTERING THIS NOTE OR PASSING COUNTERFEIT OR ALTERATION OF IT, OR HAVING POSSESSION OF ANY FALSE OR COUNTERFEIT PLATE OR IMPRESSIONS OF IT, OR ANY PAPER MADE IN IMITATION OF THE PAPER ON WHICH IT IS PRINTED, IS FELONY. AND PUNISHABLE BY $1,000 FINE OR 15 YEARS IMPRISONMENT AT HARD LABOR OR BOTH.

According to Kelly "Notes issued between 1902 March 17, and 1924 March 14, were overprinted with the appropriate geographical letter." Since the Ceylon MN was Chartered on an earlier date 1901 October 4th, if the subsequent initial order of banknotes was completed before 1902 March 17, there would be 1882 Brown Back notes without the M and if there was order after that date and before 1908, there would notes with the M. So the Ceylon MN 1882 Brown Back notes may or may not have the M, and there maybe notes of both kinds.

The Treasury Serial number at change over on 1902 March 17 was between Z836436E and Z9228485E by inspecting a few 1882 Brown Backs which are in the Heritage Auction Archive.

Click for References and other notes from Ceylon, MN, USA