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About Altus, OK The town that would later be named Altus was founded in 1886. The community was originally called "Frazer", a settlement of about 50 people on Bitter Creek that served as a trading post on the Great Western Cattle Trail. Cowboys driving herds northward often stopped to buy buttermilk from John McClearan. Thus, the town was known locally as "Buttermilk Station". The Frazer post office opened February 18, 1886.
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