MILTON

 

Milton was settled in the early 1800s as a small village centered on the lumber industry. The town was formerly known as Scratch Ankle, because of the briars and bramble that grew in the area. Its current name most likely comes from “Milltown,” since Milton had the largest mill around. Milton was incorporated as a city in 1844, one year before the Territory of Florida joined the United States as the 27th state.

During the Civil War, much of Milton was burned by Confederate forces retreating from the Union capture of Pensacola in May 1862. The Confederates intended to prevent the town’s industries from falling into Union hands. Many Milton residents fled to Alabama.

 Source: Wikipedia

 

 
First National Bank of Milton (7034)

006 (3)

1902 Date Back $10 Note
Charter #7034

001 (2)

1902 Date Back $20 Note Charter #7034 1902 Date Back $20 Note
Charter #7034  Signed by C.W. Cobb, cashier

1902 Plain Back $5 Note Charter #7034

1902 Plain Back $5 Note
Charter #7034   Signed by C.W. Cobb, cashier and Peter Rosasco, president

1902 Plain Back $20 Note Charter #7034

1902 Plain Back $20 Note
Charter #7034  Signed by C.W. Cobb, cashier and Peter Rosasco, president

1929 Type 1 $5 Note Charter #7034

1929 Type 1 $5 Note
Charter #7034   Signec by C.W. Cobb, cashier and D. Faircloth, president

 

A charter was issued on November 9, 1903 to the First National Bank of Milton. The bank nearly failed until it was reorganized and renamed in January of 1934 as the First National Bank In Milton.

 

First National Bank in Milton (13968)

 

1929 Type 2 $5 Note Charter #13968

1929 Type 2 $5 Note
Charter #13968  Signed by P.M. Caro, cashier and S.N. Cox, president

 

First National Bank In Milton was the efforts of reorganizing and saving the First National Bank of Milton. The new banks charter was issued on January 27, 1934.

 

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