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Guide to the Homestake Mining Company Records ; Homestake Mining Company Records

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Guide to the Homestake Mining Company Records 1909-1943

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: Homestake Mining Company
Dates: 1909-1943
Quantity: 1 cubic foot
Abstract:Minutes of meetings, annual statements, stock records, tax returns, and other financial records of a silver-lead mine in the Hunter Mining District of the Coeur d'Alene region of Idaho.
Identification: MG258
Language: English
Repository: University of Idaho Library Special Collections and Archives
Moscow, ID 83844-2351

Arrangement and Description

Since there are so few records for the Homestake Mining Company no series designations were made; however, the order follows that of other mining companies.Minutes of meetings are available only for 1943, many of the earlier records of the company having been lost or destroyed. The general correspondence and related records, 1841-1945, includes annual statements, stock conversion records, certificates of incorporation and reinstatement, and tax returns. Among the Capital stock records, 1909-1943, are a ledger, a journal, cancelled stock certificates and assessment records. The financial records consist of a 1921 journal/ledger.

Scope and Content

The records of the Homestake Mining Company span the years 1909 to 1943 with the bulk of the material covering the years 1941 to 1943. Included are minutes of meetings, annual statements, stock records, tax returns and other financial records.


Administrative/Biographical History

The Homestake Mining Company was incorporated December 6, 1909. Its property in the Hunter Mining District, near Mullan, Shoshone County, Idaho, consisted of 5 patented claims, the Ironcap, Bull Dog, Missoula, Gertrude, and Homestake, with an area of 12.711 acres.

The Homestake property had been extensively developed in its early years due to its proximity to the Hunter vein. The company's charter was forfeited in 1916, however, idling the mine for 27 years until its reinstatement in 1943 when the two surviving members of the board, James A. Wayne and William Stratton, met again. Most of the early records of the Homestake Mining Company were lost or destroyed during the interim.

The National Copper Mining Company played an important role in the history of the Homestake. National Copper purchased a controlling interest of 700,000 shares in Homestake in 1921, and increased its holdings to 1,238,955 shares in 1942, one year before Homestake was absorbed by the King Mining Company.

The Homestake Mine was considered National Copper's greatest asset. Control of the property was acquired by National Copper to secure the ground for a tunnel site. When National Copper suspended its own operations in 1921, the stockholders voted to invest in the further development of the Homestake. An agreement between National Copper and the Silver Reef Mining Company left the actual development work to the Silver Reef, and relieved National Copper of the $500-per-month caretaking expense the Homestake required.

During the time that Homestake was inactive, William Stratton, a director of Homestake, met the nominal expenses of the company out of his pocket. The $273 reinstatement fee was paid by National Copper, which also covered Homestake's operating expenses for 1941-1943.

Before Homestake's reinstatement, the surviving members of the board met to discuss the merger of Homestake with the newly-incorporated King Mining Company. Only William Stratton and James A. Wayne remained as directors after James F. McCarthy's death in 1943. The new directors elected in February 1943 (F.M. Rothrock, president; John Wourms, vice-president; Henry Burhmester, secretary-treasurer) resolved to sell the tools, machinery, equipment and claims to King in exchange for 50,000 shares of capital stock, to be distributed pro rata to Homestake's stockholders. One share of King was exchanged for 27 shares of Homestake.

Homestake Mining Company was dissolved in 1943. Its final board of directors F.M. Rothrock, John Wourms, and Henry Burhmester, served on the boards of King and National Copper concurrently.


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

Homestake 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 Homestake 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 Leslie Smallwood and Judith Nielsen in June 1987.


Detailed Description of the Collection

Series I. Records of the Board of Directors and the Stockholders 1943
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1/11/1Minutes 1943
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1/21/2Records relating to meetings 1943
Series II. General Correspondence and Related Records 1909-1945
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1/31/3Annual statements 1942-1945
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1/41/4Conversion of stock to King Mining Company stock 1943
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1/51/5Certificate of Incorporation, deeds, proofs of labor 1909-1913
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1/61/6Certificate of Reinstatement 1943
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1/71/7M-R
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1/81/8Stockholders lists 1942-1943
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1/91/9Taxes: capital stock returns
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1/101/10Taxes: Federal returns 1941-1943
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1/111/11Taxes: Idaho returns 1941-1943
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1/121/12Transactions, accounting
Series III. Capital Stock Records 1909-1943
box-folderbox-folder
1/131/13Ledger 1921-1923
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1/141/14Journal 1921-1924, 1929-1930, 1943
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1/151/15Cancelled stock certificates 1909
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1/161/16Assessment records 1943
Series IV. Financial Records 1921
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1/171/17Journal/ledger 1921

Profile Description

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

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