Joseph H. Millard (1836-1922), born in Hamilton, Ontario, moved to Omaha in 1856, only two years after the town's official founding (the Omaha Indians still owned that land as of 1853. The passage of the 1854 Kansas-Nebraska Act and an agreement with the Omaha Indians in the same year allowed for the creation of modern-day Omaha). Millard first became involved with a land company, and then took that financial success and invested it into banking ventures. However, his first banking interests led him away from Omaha; he opened a bank in Virginia City, Montana, in 1864. It wasn't until 1866 that he returned to Omaha and became the president of the Omaha National Bank.
The arrival of the Trans-Continental Railroad, with Omaha serving as a hub, along with broader aspects of U.S. history aided in helping Omaha enjoy a rapid population and economic boom from the Civil War through the 1880s; Millard benefitted from that growth. In addition to his banking prowess, he was an incorporator of the Omaha and Northwest Railroad and the Chicago, St. Paul, Minneapolis, and Omaha Railroad; served with a group that financed the construction of the Millard Hotel; and organized the Omaha and Council Bluffs Street Railway and Bridge Company. Also, for fifteen years, he directed the Union Pacific Railroad Company including six years in which he served as its Government director.
Millard's familiarity with the government can also be attributed to his brief role as Omaha's Mayor (1871-72) and as a U.S. Senator from 1901-1907, where he served as Chairman of the Inter-Ocean Committee. According to a 1922 Omaha Morning World-Herald article, Millard was highly instrumental in the decision to use the lock-level type of canal building used for the Panama Canal.
Millard also helped secure a $400,000 appropriation for the rebuilding of Fort Omaha and the establishment there of the chief training station for the Army Signal Corps
After leaving the Senate, his focus again returned to private business ventures. As well, he purchased the house at 500 South 38th Street where he and his daughter, Jessie, resided for the last thirteen years of his life. Millard passed away in 1922 after suffering a stroke during a board meeting of the Nebraska Power Company. Jessie remained in the house until 1950.