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Guide to the Basin Mining Company Records ; Basin Mining Company Records

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Guide to the Basin Mining Company Records 1902-1938

Sponsor: Funds for processing were provided by the National Historical Publications and Records Commission, the U.S. Department of Education HEA Title II-C "Strengthening Research Library Resources" program, the Library Associates of the University of Idaho and other donors.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: Basin Mining Company
Dates: 1902-1938
Quantity: 1 cubic foot
Abstract:Correspondence and organizational, stock, financial, tax, and other records of a silver-lead mine in the Lelande Mining District of the Coeur d'Alene region of Idaho.
Identification: MG239
Language: English
Repository: University of Idaho Library Special Collections and Archives
Moscow, ID 83844-2351

Arrangement and Description

This Manuscript Group is divided into five series: Records of the Board of Directors and the Stockholders, 1902-1937; General Correspondence and Related Records, 1916-1937; Capital Stock Records, 1902-1936; Financial Records, 1902-1937; and Tax Records, 1916-1938.The first series includes three minute books covering 1902-1937 except for 1914. Volume two contains only the by-laws, 1902, also contained in volume one. Also included in this series are a folder of records related to meetings -- reports to stockholders, meeting notices, and lists of stockholders -- and a folder of annual financial statements. The former runs 1915-1937 but most items are 1927-1937. The latter contains a summary of activity 1918-1927, and yearly statements 1927-1936.The second series contains a slim folder of records relating to the 1937 merger with the Hercules Mining Company; a folder of correspondence, 1919-1937, organized alphabetically; and a folder of annual reports to the Inspector of Mines and annual statements of domestic corporations for the Idaho Department of State.The third series includes a folder of lists of stockholders. Most of the material is from 1924 or is undated, but there is a will (dividing the shares of stockholder John L. Smith) from 1907, and a stockholders list from 1915. There are ledgers and cancelled stock certificates, all 1902-1936, and an assessment journal. This journal contains only information about assessment one in 1906.The fourth series contains a ledger, a journal, check registers, and vouchers. Overall there is little information in this series. The ledger runs only 1902-1906, and the journal 1902-1904. The check registers provide only sparse and sporadic details of activity 1915-1936. Vouchers, 1936-1937, were kept for lack of check register coverage.The two folders in Tax Records, the final series, both date 1916-1938, and include tax returns and correspondence. The federal file includes capital stock tax returns, 1919-1926. The state file includes tax receipts from the Shoshone County tax office, 1916-1931.This collection, as it arrived, consisted mainly of volumes. Only a very few items were discarded. These included bank statements, paid checks, and vouchers -- which are summarized in the check registers -- and duplicate reports.

Scope and Content

The records of the Basin Mining Company span the years 1902 to 1938, with the bulk of the material covering the years 1915 to 1938. Included are minutes of meetings, financial statements, correspondence, annual statements and reports to state agencies, stock ledgers, cancelled stock certificates, assessment records, a financial ledger and journal, check registers, vouchers, and federal, state, and county tax records.

Related materials can be found in the records of the Hercules Mining Company.


Administrative/Biographical History

The Basin Mining Company, Limited, was formed on October 29, 1902, in Wallace, in Shoshone County, Idaho. At their first meeting the stockholders organized and adopted the by-laws of the corporation and elected the board of directors. These directors then elected the officers from among themselves: president, John P. Gray; vice-president, John L. Smith; secretary/treasurer, L.C. Wilson; and manager, W.C. Miller. The Basin Mine was located in the Lelande Mining District in Shoshone County. It consisted of five lode mining claims: Selkirk, Smoke House, Roosevelt, Sky Line, and Big Horn.

John P. Gray was president of Basin from 1902 to 1914. On April 1, 1915, the company lost all of its property by a decree of the district court of Shoshone County, in the case of Cronin et al vs. The Basin Mining Co., Ltd. The five patented, unproductive mining claims were vested in the plaintiffs on June 1, 1915. Arrangements were made with the plaintiffs and an entirely new company bearing nearly the same name, Basin Mining Company (no longer limited), was formed.

The officers of the new company were O.W. Lewis, L.C. Wilson and Therrett Towles. The property was never productive, but it afforded protection to the other properties of the Hercules Mining Co., which owned the majority of the Basin stock. The cost of maintaining this property as a separate organization was deemed excessive and, in 1937, the Hercules purchased Basin and dissolved the company.


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.

Idaho
Mines and Mineral Resources

Basin Mining Company

Lead mines and mining -- Idaho -- Coeur d'Alene Mining District -- History -- Sources
Mining corporations -- Records -- Idaho -- Coeur d'Alene Mining District
Silver mines and mining -- Idaho -- Coeur d'Alene Mining District -- History -- Sources

Administrative Information

Source

The records of the Basin Mining Company are part of the records of Day Mines, Inc., donated to the University of Idaho by Henry Day in 1984 and 1985.

Processing Information

Initial processing of this manuscript group was done by Kelly Clark in April 1987.


Detailed Description of the Collection

Series I. Records of the Board of Directors and the Stockholders 1902-1937
folder
1-3Minutes 1902-1937
folder
4Records relating to meetings 1915-1937
folder
5Financial statements 1918-1936
Series II. General Correspondence and Related Records 1916-1937
folder
6Records relating to merger with Hercules Mining Co. 1936-1937
folder
7Correspondence 1916-1937
folder
8Annual Reports and Statements, Idaho 1916-1937
Series III. Capital Stock Records 1902-1936
folder
9Lists of stockholders 1907-1924
folder
10-11Stock ledgers 1902-1936
folder
12-14Cancelled stock certificates 1902-1936
folder
15Assessment journal 1906
Series IV. Financial Records 1902-1937
folder
16Ledger 1902-1906
folder
17Journal 1902-1904
folder
18Vouchers 1936-1937
folder
19Check register 1915-1936
Series V. Tax Records 1916-1938
folder
20Federal tax records 1916-1938
folder
21State tax records 1919-1938

Profile Description

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

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