Skip to main content

Finding Aids

University of Idaho Library Special Collections & Archives Guides and Descriptions

X

Collections A-Z



Guide to the State Bank of Commerce, Wallace, Idaho Records ; State Bank of Commerce, Wallace, Idaho Records

Records

1 of 2
Open Finding Aid
small (250x250 max)
medium (500x500 max)
Large
Extra Large
large ( > 500x500)
Full Resolution

Guide to the State Bank of Commerce, Wallace, Idaho Records 1901-1911

Sponsor: Funding for encoding this finding aid was provided through a grant awarded by the National Endowment for the Humanities.


Overview of the Collection

Title: Records
Creator: State Bank of Commerce, Wallace, Idaho
Dates: 1901-1911
Quantity: 34 cubic feet
Abstract:Ledgers and correspondence of the State Bank of Commerce and its predecessor, the Bank of Commerce, including letters between bank president Bennett F. O'Neil, Idaho governor James H. Brady, and Senator William E. Borah regarding Republican Party activities in Idaho.
Identification: MG050
Language: English
Repository: University of Idaho Library Special Collections and Archives
Moscow, ID 83844-2351

Arrangement and Description

The foldered correspondence, which includes both incoming and outgoing letters and telegrams, was originally arranged first alphabetically, then chronologically by year only. In order to make the collection more useable the correspondence was further separated by month, but no attempt was made to put material in strict chronological order. The letterbooks of outgoing correspondence are in chronological order.There is a second set of letterbooks labeled "Statements" which contain letterpress copies of bank statements sent to depositors; these were placed at the beginning of the second series.The remaining bound volumes include stock certificates, Auxiliary Records, Savings Ledgers, books listing valuable papers intrusted to the bank and include the agreements between the bank and the depositor, ledgers of individual accounts, and other financial volumes necessary for record keeping.Some volumes from the original Bank of Commerce form their own series. These were separated from the State Bank of Commerce records because of their uniform small size and paper binding.One final volume is the 1890-1897 Town of Wallace Treasurer's Book. This item appears on the original inventory received with the papers so was retained with the collection. Another volume which appeared on the original inventory, an account book of the Wallace Press, was transferred to the Day Mines, Inc. Collection, an unprocessed manuscript group, which also contains Wallace Press Times records. (MG 310)Several volumes have been water damaged, and the handwriting in others is fading. Many of the volumes are labeled as exhibits for either plaintiff or prosecution in the criminal investigation which followed the failure of the bank.

Scope and Content

The papers of the State Bank of Commerce span the years 1901 to 1911. They include correspondence and bound financial volumes. In addition to the routine bank correspondence there is also personal correspondence of bank president, B.F. O'Neil, relating to investments and his activities in the Republican Party. Among his frequent correspondents are Governor James H. Brady and William E. Borah. Also included is an early treasurer's book for the town of Wallace, Idaho.

The correspondence is widely scattered, leaving large gaps in the sequence. Several volumes listed on the original inventory were missing at the time of processing. These include one Auxiliary Book, one Trial Balance Book April 1910 to 1911, two Balance Ledgers, 1901-1902 and May 1905 to 1906, one Teller's Cash Book March 1904 to June 1906, and one Closed and Transferred Accounts book. Several volumes not on the original list were with the records, and it is possible the missing volumes were misidentified originally.


Administrative/Biographical History

The State Bank of Commerce, successor to the Bank of Commerce organized in 1901, was organized May 1, 1903. Its officers were Bennett F. O'Neil, president, Thomas L. Greenough, vice president, Maurice H. Hare, cashier, and Charles Z. Seelig, assistant cashier. Additional directors were Albert Burch, Ewan McIntosh, August Paulsen, and G. Scott Anderson who was also a director of the Lane Lumber Company. Later E.S. Wyman succeeded Hare as cashier and in July 1906 Harry L. Day, a major depositor in the bank--the Day family interests had a total of 12 different accounts--joined the board of directors.

The bank was suspended in May 1911 following O'Neil's unsuccessful campaign for governor. A combination of campaign expenses, bad investments and excessive borrowing--on the closing date of the bank his indebtedness comprised 70% of the bank's total loans--depleted the bank's reserves and he was unable to honor depositors' demands when they began withdrawing their money. The bank was turned over to the state bank commissioner and Harry L. Day was named trustee, thus giving him physical control of the bank's records. He asked Bland & Wilson Accountants of Spokane to go over the books and prepare a report. They concluded the failure was due to "excessive and dishonest financing of the personal enterprises of B.F. O'Neil, President and G. Scott Anderson, Director, aided and abetted by E.S. Wyman, Cashier," and also "the abstraction of funds for the private use of B.F. O'Neil."


Subjects

This collection is indexed under the following headings in the online catalog. Researchers desiring materials about related topics, persons, or places should search the catalog using these headings.

Business, Industry, and Labor
Idaho

Borah, William Edgar, 1865-1940
Brady, James H.
O'Neill, Bennett F.

Bank of Commerce (Wallace, Idaho)
Republican Party (U.S. : 1854- ) -- Idaho
State Bank of Commerce (Wallace, Idaho)

Banks and banking -- Idaho -- Wallace -- History -- Sources
Idaho -- Politics and government -- Sources

Administrative Information

Source

The records of the State Bank of Commerce, Wallace, Idaho, were donated to the University of Idaho library by Henry L. Day in November 1968.


Separated Material

One box of deposit slips, 2 boxes of debit and credit slips, and one box of bank statements and canceled checks were removed from the collection. In all the records were reduced by two cubic feet.


Detailed Description of the Collection

Series I. Correspondence 1901-1911
box-folderbox-folder
1/1-21/1-2A 1907-1909 200 items
box-folderbox-folder
1/3-91/3-9B 1906-1909 1245 items
box-folderbox-folder
1/101/10Baker Clothing, Wardner, Idaho 1907 37 items
box-folderbox-folder
1/111/11Bankers National Bank, Chicago 1906-1907 13 items
box-folderbox-folder
1/121/12Boise City National Bank, Boise, Idaho 1907 7 items
box-folderbox-folder
1/131/13Borah, William E. 1907-1909 17 items
box-folderbox-folder
1/141/14C 1901-1902 108 items
box-folderbox-folder
1/15-231/15-23C 1905-1910 1278 items
box-folderbox-folder
1/241/24Clark, W.A. and Brother, Bankers 1907 6 items
box-folderbox-folder
2/252/25D 1901-1902 58 items
box-folderbox-folder
2/262/26D 1905-1906 130 items
box-folderbox-folder
2/272/27E 1901-1902 65 items
box-folderbox-folder
2/28-292/28-29F 1901-1902 213 items
box-folderbox-folder
2/302/30G 1901-1902 76 items
box-folderbox-folder
2/312/31G 1907-1908 79 items
box-folderbox-folder
2/32-332/32-33K 1907-1911 162 items
box-folderbox-folder
2/342/34M 1908 232 items
box-folderbox-folder
2/35-372/35-37N 1906-1910 464 items
box-folderbox-folder
2/382/38National Bank of Commerce, New York City 1906-1907 122 items
box-folderbox-folder
2/392/39P 1908 118 items
box-folderbox-folder
2/40-412/40-41S 1908-1909 385 items
box-folderbox-folder
2/422/42Y 1910 11 items
box-folderbox-folder
2/432/43Returned letters for which there are no folders 1908-1909 4 items
box-folderbox-folder
2/45-482/45-48Letterbooks 1901-1902 4 items
box-folderbox-folder
3/49-533/49-53Letterbooks 1902-1909 5 items
Series II. Bound Volumes 1901-1911
box-folderbox-folder
3/54-583/54-58Letterbooks: Statements 1901-1907 5 items
box-folderbox-folder
4/59-654/59-65Letterbooks: Statements 1907-1911 7 items
box-folderbox-folder
os/66os/66Stock Journal 1903-1908 1 item
box-folderbox-folder
os/67os/67Stock Certificate Book 1903-1909 1 item
box-folderbox-folder
os/68-88os/68-88Auxiliary Records 1903-1911 21 items
box-folderbox-folder
os/89-91os/89-91Savings Ledgers 1908-1910 3 items
box-folderbox-folder
os/92-97os/92-97Escrows and Valuable Papers in Trust 1901-1910 6 items
box-folderbox-folder
os/98-104os/98-104Reconcilement of Accounts 1902-1910 7 items
box-folderbox-folder
os/105-111os/105-111Trial Balance Books 1902-1910 7 items
box-folderbox-folder
os/112-124os/112-124Cash Books 1902-1911 13 items
box-folderbox-folder
os/125os/125Teller's Cash Book September 1902-February 1904 1 item
box-folderbox-folder
os/126-128os/126-128Daily Balance Ledgers 1901-1905 3 items
box-folderbox-folder
os/129-133os/129-133Individual Account Ledgers 1906-1911 5 items
box-folderbox-folder
os/134-135os/134-135Individual Account Balance Ledgers 1905-1906 2 items
box-folderbox-folder
os/136-137os/136-137Individual Account Transfer Ledgers 1906-1911 2 items
box-folderbox-folder
os/138os/138Drafts, Cashiers Checks and Deposits Ledger 1906-1911 1 item
box-folderbox-folder
os/139os/139Accounts Claimed, Indirect Deposits Ledger 1910-1911 1 item
box-folderbox-folder
os/140-142os/140-142Ledgers: Accounts with other Banks 1906-1912 3 items
box-folderbox-folder
os/143os/143Current Liability Ledger 1905-1912 1 item
box-folderbox-folder
os/144os/144Transfer Liability Ledger 1907-1910 1 item
box-folderbox-folder
os/145-146os/145-146Closed and Transferred Accounts undated 2 items
box-folderbox-folder
os/147os/147Discounted Bills Register 1901-1908 1 item
box-folderbox-folder
os/148-149os/148-149Unidentified Accounting Books 1906-1911 2 items
box-folderbox-folder
os/150os/150Certificate of Deposit Register 1901-1905 1 item
box-folderbox-folder
os/151os/151General Ledger 1904-1905 1 item
box-folderbox-folder
os/152os/152Unidentified Journal January-March 1909 1 item
box-folderbox-folder
os/153os/153Detailed Account of State Bank of Commerce Account with Lane Lumber Company December 1902 to May 1911 1 item
box-folderbox-folder
os/154os/154Deeds, Mortgages, etc. 1906-1911 22 items
Series III. Other Records from Bank of Commerce 1901-1902
box-folderbox-folder
os/155-156os/155-156Cash Books April 1901-January 1903 2 items
box-folderbox-folder
os/157-158os/157-158Counter Books April 1901-June 1902 2 items
box-folderbox-folder
os/159os/159Debts January 1902-December 1902 1 item
box-folderbox-folder
os/160os/160Shoshone County Warrants Paid 1902-1903 1 item
box-folderbox-folder
os/161os/161Journal April 1901-August 1902 1 item
box-folderbox-folder
os/162os/162Ledger April 1901-August 1902 1 item
Series IV. Non-bank Records 1890-1897
box-folderbox-folder
os/163os/163Town of Wallace Treasurer's Book 1890-1897 1 item

Profile Description

Creation: Encoded by ArchProteus2003
Language: Finding aid is in English

you wish to report:


...
Select the collections to add or remove from your search
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
 
OK