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Guide to the Consolidated Insurance Agency, Wallace, Idaho Records ; Consolidated Insurance Agency, Wallace, Idaho Records

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Guide to the Consolidated Insurance Agency, Wallace, Idaho Records 1921-1964

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: Consolidated Insurance Agency, Wallace, Idaho
Dates: 1921-1964
Quantity: 7 linear feet
Abstract:Correspondence with insurance companies and policy holders, business licenses, minutes of directors' and stockholders'meetings, tax records and other financial records of a Wallace, Idaho, agency.
Identification: MG067
Language: English
Repository: University of Idaho Library Special Collections and Archives
Moscow, ID 83844-2351

Arrangement and Description

The material in this record group retains its original order. Although material was refoldered, the original folder headings, when present, were used.The correspondence is in two sections, the first is arranged alphabetically by insurance company, the second, alphabetically by policy holder. The business records are separated by type and each is arranged chronologically. The same arrangement is used for the financial records with the exception of the three boxes of ledger sheets. The first of these boxes (#5) contains the 6 most recent years (1958-1963) and is separated by year; each year contains three sections, one is arranged alphabetically by insurance company, the second appears to be a record of rental property and is arranged alphabetically by owner, and the third contains the Accounts Receivable and other similar headings and appears to be in the order in which these items appear on the balance sheets. The second box of ledger sheets contains the earlier records but in a single sequence. The last box contains records of individual policy holders and is in alphabetical order by name of the policy holder.

Scope and Content

The records of the Consolidated Insurance Agency span the years 1921 to 1964, with the bulk of the material covering the years 1958-1962.

The papers include correspondence with insurance companies and policy holders, business licenses, minutes of several directors' and stockholders' meetings, property, income and withholding tax statements, balance sheets and financial ledger sheets.


Administrative/Biographical History

The Consolidated Insurance Agency was organized in 1919. The original shareholders were local business and mining men who were in a position to direct considerable business to the company. Over time, through death or removal, many shares passed to non-residents who were not in a position to assist the company.

Additionally, in the early 1960's radical changes occurred in the insurance industry. Nation-wide organizations advertising on television introduced direct selling, thus eliminating the need for local agents. The cost of insurance rose, but the commissions paid to local agents decreased. These changes resulted in a declining income for the company, while the cost of doing business increased.

With the probability that these trends would continue, the directors decided to sell the business and entered into negotiations with the Rossi Insurance Company of Wallace which purchased Consolidated in June, 1964.


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

Consolidated Insurance Agency (Wallace, Idaho)

Insurance agents -- Idaho -- Wallace

Administrative Information

Source

The records of the Consolidated Insurance Agency of Wallace, Idaho, were donated to the University of Idaho Library by Henry L. Day, one of the directors and a major stockholder in the company, in September 1971.

Processing Information

Cancelled checks, agents' copies of policies, receipts and invoices were discarded as were duplicate copies of financial statements and mimeographed material. In all, approximately 3 c.f. of material was removed.


Detailed Description of the Collection

Series I. Correspondence 1957-1962
A. Companies
box-folderbox-folder
1/1-21/1-2Aetna Insurance Company 174
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1/3-41/3-4American Insurance Group 180 items
box-folderbox-folder
1/51/5American National Insurance Company 9 items
box-folderbox-folder
1/6-71/6-7Balfour, Guthrie & Company 84 items
box-folderbox-folder
1/8-91/8-9Continental Insurance Company 154 items
box-folderbox-folder
1/101/10Farmin Insurance Company 32 items
box-folderbox-folder
1/11-121/11-12Farmin, Rothrock & Parrott 273 items
box-folderbox-folder
1/131/13Fidelity & Deposit Company 20 items
box-folderbox-folder
1/14-151/14-15Fireman's Fund - Automobile 364 items
box-folderbox-folder
1/16-171/16-17Fireman's Fund - Fire 141
box-folderbox-folder
1/18-201/18-20Fireman's Fund - Miscellaneous 788 items
box-folderbox-folder
1/21-221/21-22General Insurance Company of America 231 items
box-folderbox-folder
1/23-241/23-24Glens Falls Insurance Company 236 items
box-folderbox-folder
1/251/25Great American Insurance Company 98 items
box-folderbox-folder
1/261/26Hanover Insurance Company 70 items
box-folderbox-folder
1/27-281/27-28Hartford Accident & Indemnity - Bonds 282 items
box-folderbox-folder
2/292/29Hartford Accident & Indemnity - Miscellaneous 47 items
box-folderbox-folder
2/30-312/30-31Hartford Fire - Fire 164 items
box-folderbox-folder
2/322/32Hartford Fire - Miscellaneous 37 items
box-folderbox-folder
2/332/33Hartford Steam Boiler 74 items
box-folderbox-folder
2/342/34Holland America 10 items
box-folderbox-folder
2/35-362/35-36Home Insurance Company 206 items
box-folderbox-folder
2/37-402/37-40Industrial Indemnity - Compensation 684 items
box-folderbox-folder
2/412/41Insurance Company of North America 61 items
box-folderbox-folder
2/42-452/42-45Liberty National Insurance Company 582 items
box-folderbox-folder
2/462/46Minneapolis Fire & Marine Insurance Company 22 items
box-folderbox-folder
2/472/47New York Underwriters Insurance Company 14 items
box-folderbox-folder
2/482/48Old Colony Insurance Company 15 items
box-folderbox-folder
2/492/49Oregon Mutual Insurance Company 59 items
box-folderbox-folder
2/502/50Pacific Indemnity Company 13 items
box-folderbox-folder
2/51-522/51-52Prudential Insurance Company of America 251 items
box-folderbox-folder
2/532/53Springfield Insurance Companies 69 items
box-folderbox-folder
2/542/54St. Paul Fire & Marine Insurance Company 33 items
box-folderbox-folder
2/552/55Standard Insurance Company 10 items
box-folderbox-folder
2/562/56Sun Insurance Company 5 items
box-folderbox-folder
2/57-582/57-58United States Fire Insurance Company 112 items
box-folderbox-folder
2/59-602/59-60United States Fidelity & Guaranty Company 153 items
B. Individuals 1960-1963
box-folderbox-folder
2/61-642/61-64A-D 288 items
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3/65-733/65-73E-M 752 items
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3/743/74Monitor Mining Company 1946-1959 84 items
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3/75-823/75-82N-W 362 items
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3/833/83Wallace Realty 1940-1960 20 items
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3/843/84Wallace Supply Company 1943-1961 268 items
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3/853/85X-Z 21 items
Series II. Corporation Business Records 1943-1964
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3/863/86Licenses and Annual Statements 1952-1963 71 items
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3/873/87Notices and minutes of meetings 1943-1964 59 items
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3/883/88Proxy Statements 1951-1964 379 items
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3/893/89Stock transfers and dividend payments 1953-1963 34 items
Series III. Financial Records 1921-1964
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3/903/90Property Taxes 1953-1963 19 items
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3/913/91Employer's Quarterly Withholding Returns 1958-1962 209 items
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3/923/92Corporate Income Tax Returns 1957-1960 16 items
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3/933/93Bad Accounts 1949-1961 14 items
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3/943/94Salaries and commissions 1951-1960 12 items
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3/95-973/95-97Profit and Loss Statements 1957-1960 28 items
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4/984/98Check Stub Books 1959-1961 7 items
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4/994/99Cancelled checks, Real Estate Trust Account 1959-1961 34 items
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4/1004/100Journal Entry slips 1959-1961 1200 items
box
5Ledger sheets 1958-1963 600 items
box
6Ledger sheets 1921-1958 850 items
box
7Policy holder ledger sheets 1933-1964 800 items

Profile Description

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

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