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Guide to the Sherman Lead Company Records ; Sherman Lead Company Records

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Guide to the Sherman Lead Company Records 1918-1953

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: Sherman Lead Company
Dates: 1918-1953
Quantity: 23.5 cubic feet
Abstract:Minutes of meetings, annual statements, stock records, financial ledgers and journal, ore production records, personnel records, and tax records of a silver-lead mine in the Lelande Mining District of the Coeur d'Alene region of northern Idaho.
Identification: MG268
Language: English
Repository: University of Idaho Library Special Collections and Archives
Moscow, ID 83844-2351

Arrangement and Description

The records of the Sherman Lead Mining Company are divided into seven series.The first series, Records of the Board of Directors and the Stockholders, includes minutes of meetings and annual reports.General Correspondence and Related Records, the second series, contains three alphabetical files with correspondence with suppliers and stockholders, accident reports, assays, contracts, financial statements, ore shipment records, and reports to government agencies.The third series is Capital Stock Records. Included are stock ledgers and journals, transfer correspondence, assessment records, and lists of stockholders. Item 330, an assessment journal also contains assessment information for Copper King, Crystal Lead, Happy Day, Imperial, Oreano, and Dayrock mines.The fourth series, Financial Records, contains financial ledgers and journals, an appraisal of the mine and equipment, depletion and depreciation statements, financial statements, cash books, and voucher registers.Ore Production and Shipment records in series five consist of ore records, composite summaries, and shipment assay records.Personnel Records, the fifth series, includes payroll and other wage information, and employee time sheets and shift reports.Tax Records, the final series, consists of material relating to unemployment compensation withholding, dividend payments, capital stock tax records, and Idaho tax records.Removal of cancelled stock certificates, returned assessment notices, vouchers, paid checks, bank statements, and duplicate materials reduced the size of this collection by 18.5 cubic feet.

Scope and Content

The records of the Sherman Lead Mining Company span the years 1918 to 1953, with the bulk of the material covering the years 1929 to 1947. Included are minutes of meetings, financial statements, correspondence with suppliers and stockholders, annual statements and reports to state agencies, stock ledgers and journals, cancelled stock certificates, assessment records, lists of stockholders, financial ledgers and journals, vouchers, check registers, and tax returns.

Related materials can be found in the records of the Sherman Development Company.


Administrative/Biographical History

When the Sherman Development Company found itself unable to meet a mortgage payment due on July 1, 1918, its board of directors concluded an agreement with Eugene R. Day wherein he would receive 51 percent of the company's capital stock in exchange for $153,000. Subsequently the company treasury could not produce the 1,020,000 shares of stock constituting E.R. Day's portion. Thereupon the company was reorganized.

The new firm, called the Sherman Lead Company, took over all real and personal property belonging to Sherman Development Company and issued 3.5 million shares of capital stock at a par value of twenty-five cents. Sherman Lead's board of directors were P.J. Maggy, Axel Swan, Charles McKinnis (also serving as the company's first manager), Harry R. Allen and Walter B. Heitfeld. At the first board meeting Heitfeld resigned and Eugene Day was elected to the board to become the firm's first president.

Of Eugene Day's $153,000, $100,000 went directly into the purchase of land. Eugene assigned his interest to the Tamarack & Custer Consolidated Mining Company, making Sherman Lead a subsidiary of Tamarack & Custer, which it remained for the remainder of its corporate life.

Sherman Lead held twelve patented claims and one patented millsite over 97 acres. The claims were: the Sherman, Union Fracture, Union, Bengal Tiger, Hidden Treasure, Burke-Tiger, Bullion, Oreano, Sinker, Pearl, Pearl Fracture, and Moonlight. The mill was named the Bullion.

Jerome Day was elected president of Sherman Lead in 1922, an office which he held until his death in 1942. During the earlier years the company was often strapped financially, having to borrow money to meet expenses. A fire in 1923 destroyed the company's surface structures and buildings. The mines were producing again by 1926, however, and in 1928 Sherman Lead increased its capital stock by 175,000 shares in a successful attempt to acquire the assets of Oreano Mining Company.

By 1929, after six years of development, large reserves were discovered and Sherman Lead paid its first dividend. But in the following year Sherman shut down due to low metal prices. The mine frequently reopened and closed, being completely idled for the latter half of 1931, from July 1935 to June 1936, and again in June 1938 -- but, it paid a 12-mill dividend in 1937.

The 1940s were more prosperous. By 1942 the war effort was receiving 72 percent of Sherman's total production, more than 400 tons of lead per month, and higher grade ore production had to be stopped in order to make available as much lead as possible. Dividends were paid every year from 1941-1947.

Sherman Lead's years of greatest production were 1929, 1941 (the year unions were established in its mines), and 1942. The property value of the corporation's holdings increased from $100,000 in 1918 to $3 million in 1942. During the firm's twenty-nine year history, stockholders received a total of $797,475 through 14 dividend payments.

In 1947 the Sherman Lead Company was consolidated with other Day interests to form Day Mines, Inc. The Sherman Mill, constructed near the portal of the Hercules mine in the early 1940s, operated steadily until 1942.


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

Sherman Lead 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 Sherman Lead 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 in August 1987.


Detailed Description of the Collection

Series I. Records of the Board of Directors and the Stockholders 1918-1947
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1/1-21/1-2Minutes 1918-1947
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1/3-141/3-14Records relating to meetings 1918, 1922-1947
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1/151/15Annual reports (printed) 1929-1946
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1/16-171/16-17Annual reports (typed) 1927-1947
Series II. General Correspondence and Related Records 1918-1948
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2/182/18A 1919-1941
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2/19-242/19-24Accidents 1937-1942
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3/253/25Accounting, Classification of undated
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3/263/26Agreements 1918-1923
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3/273/27Ahlers, J.R., Metallurgist 1940
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3/283/28American Cyanimid Company 1940-1941
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3/293/29American Smelting & Refining Co. 1930-1941
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3/303/30Annual reports and statements 1923-1931
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3/313/31Assays 1926-1940
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3/323/32B 1920-1941
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3/333/33C 1923-1941
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3/343/34Cable, Hoisting 1937
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3/353/35Compressor 1926-1929
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3/363/36Continental Oil Company 1928
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3/37-403/37-40Contracts 1919-1930
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3/413/41Costs 1929-1930
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3/423/42Cost apportionment, Mining 1939-1940
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3/433/43Crusher, Symons cone undated
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3/443/44D 1931-1941
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3/453/45Day, Henry Lawrence 1926-1941
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3/463/46Dayrock Mining Co. 1925-1929
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3/473/47E 1930-1941
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3/483/48Equipment 1937
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3/493/49F-H 1920-1941
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3/503/50Hecla Mining Co. 1929
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3/51-533/51-53Hercules bills 1927-1932
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3/543/54Hercules Mining Co. 1929-1940
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3/553/55Hoist 1929-1938
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3/563/56Humming Bird Mining Co. 1925-1932
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3/573/57I 1930-1941
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3/583/58Idaho, University of 1936-1938
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3/593/59Insurance, Accident 1937-1941
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3/603/60Insurance, State Insurance Fund 1937-1945
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3/613/61Idaho Mining Association 1928-1938
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3/623/62Idaho, State of 1918-1930
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3/633/63J 1921-1941
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3/643/64Jig tests by R.D. MacAfee 1939
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3/653/65K-M 1925-1941
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3/663/66Labor, U.S. Department of 1937-1939
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3/673/67Lead Industries Association 1937-1941
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3/683/68Leases 1927-1937
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3/693/69Marsh Mines Consolidated 1919
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3/703/70McGuigan, Philip T. 1928-1937
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3/713/71Minerals Separation North American Corp. 1940
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3/723/72Montana Power Company 1928-1937
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3/733/73N 1923-1941
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3/743/74National Industrial Information Committee 1940
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3/753/75Nordberg Manufacturing Co. 1941
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3/763/76O 1929-1941
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3/773/77Oliver United Filters, Inc. 1940
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3/783/78Oreano Mining Company 1927-1941
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3/70-803/70-80Ore, Carbonate 1930-1940
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4/814/81Ore, Carbonate, Mining 1929-1939
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4/82-834/82-83Ore settlements, East Helena Smelter ASARCO 1941
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4/844/84P 1928-1941
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4/854/85Premium affidavits 1945-1948
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4/864/86Premium affidavits, Vic Seminza lease 1945-1946
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4/874/87Premium records 1945-1947
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4/884/88Press-Times Publishing Co. 1931-1937
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4/894/89R 1928-1940
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4/904/90Reports and maps 1925-1926
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4/914/91Reports, Progress 1927-1941
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4/924/92Reports, Miscellaneous 1940
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4/934/93Reports, Timekeeper's 1928-1929
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4/944/94Rock raise 1929
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4/954/95S 1919-1939
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4/964/96Scales 1940
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4/974/97Seattle Mining Exchange 1934
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4/984/98Sherman Development Co. 1920-1922
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4/994/99Shoshone Credit Association, hired & quit 1937-1941
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4/1004/100St. Joseph's Orphanage, Slickpoo, Idaho 1941
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4/101-1024/101-102Statements, Financial 1928-1939
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4/1034/103Standard Stock Exchange 1934
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4/1044/104Summary, Monthly 1928
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4/1054/105T 1922-1941
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4/1064/106Tax, Capital Stock 1920-1916
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4/1074/107U 1926-1941
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4/1084/108U.S. Bureau of the Census, Bureau of Mines 1928-1941
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4/1094/109U.S. Internal Revenue Service 1922-1929
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4/1104/110U.S. Department of Labor, Wage and Hour Division 1941
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4/1114/111U.S. Office of Production Management 1941
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4/1124/112U.S. War Production Board, Quotas, Metallic premium payment 1942-1945
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4/1134/113V-Z
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4/1144/114A 1942-1945
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4/115-1184/115-118Accidents 1943-1945
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5/1195/119American Smelting & Refining Co. 1942-1945
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5/1205/120ASARCO crude carbonate ore schedule 1939
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5/1215/121Anaconda Copper Mining Co. 1937
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5/1225/122B 1942-1944
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5/123-1245/123-124Bond fund, Employee 1942-1946
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5/1255/125Bunnell, Everett C. 1943
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5/1265/126By-laws 1918-1929
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5/1275/127C 1942-1946
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5/1285/128Contract, Hercules 1940
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5/1295/129Contract, Wilson & Geo. Meyer & Co., soda ash 1942
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5/1305/130Cresylic acid 1941-1942
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5/1315/131D 1942-1943
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5/1325/132Dredge fund 1943
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5/1335/133E 1942-1945
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5/1345/134Employment, Quits and reasons 1942-1943
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5/1355/135F-I 1942-1945
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5/1365/136Idaho Mining Association 1942-1945
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5/1375/137Idaho. Division of Industrial Hygiene. Dust study 1942
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5/1385/138Idaho. Inspector of Mines 1943
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5/1395/139Insurance, Accident 1942
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5/1405/140Insurance, Idaho Compensation Co. 1945
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5/1415/141Insurance, State Insurance Fund 1942-1945
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5/1425/142International Mine, Mill and Smelter Union Workers 1942-1945
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6/1436/143J-L 1942-1945
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6/1446/144Labor recruitment, San Francisco
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6/1456/145Labor, C.I.O. grievance cases 1941-1943
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6/1466/146Lease: Union vein, Vic Smenza 1946
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6/1476/147M 1942-1945
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6/1486/148Maps 1928-1929
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6/1496/149Mill 1940-1941
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6/1506/150Minerals Separation North America Corporation 1942
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6/1516/151N-O 1941-1946
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6/1526/152Northern Pacific Railway Co. 1919
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6/1536/153Oliver United Filters, Inc. 1942
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6/1546/154P 1941-1945
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6/1556/155Payroll 1942-1943
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6/1566/156Prints, Sherman Mill
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6/1576/157Priorities 1941
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6/1586/158Q-R 1942-1944
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6/1596/159Reports, Accident 1942-1946
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6/1606/160Reports, Miscellaneous 1942
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6/1616/161Reports, Production 1942-1946
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6/1626/162Reports, Progress 1942-1946
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6/1636/163Retroactive wages paid 1943-1946
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6/1646/164S 1941-1946
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6/1656/165Shoshone Credit Association 1941-1946
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6/1666/166Silicosis waiver, Badgley 1944
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6/1676/167Soldiers, Request for release 1943
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6/1686/168Standard Stock Exchange 1942
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6/169-1736/169-173Statements, Financial 1927-1930; 1940
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6/1746/174T 1942-1946
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6/1756/175Tamarack and Custer Consolidated Mining Co. 1918-1930
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6/1766/176Tax, Capital stock 1945
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6/1776/177Testing 1941
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6/1786/178Timbers 1933-1938
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6/1796/179Tunnel rental 1937-1938
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6/1806/180U 1942-1945
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6/1816/181Unemployment Compensation Division, Industrial Accident Board 1942-1944
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6/1826/182U.S. Bureau of Mines form 6-953 1941-1945
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6/1836/183U.S. Bureau of Mines, Federal Explosives Act licenses 1942-1945
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6/1846/184U.S. Internal Revenue Service 1941-1944
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6/1856/185U.S. Dept. of Labor, Bureau of Labor Statistics 1942-1945
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6/1866/186U.S. Office of Price Administration 1942-1945
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6/1876/187U.S. Office of Defense Transportation 1942
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6/1886/188U.S. Nonferrous Metals Commission 1942-1943
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6/1896/189U.S. Nontaxable bonus income, Excess profits tax 1944-1945
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6/1906/190U.S. Treasury Dept. Foreign dividend checks and silver affidavits 1940-1942
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7/1917/191U.S. War Department, Headquarters Northern Security District 1943-1944
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7/1927/192U.S. War Production Board 1942-1943
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7/193-1947/193-194U.S. War Production Board, Purchasing Quotas 1942-1944
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7/1957/195U.S. War Production Board, Construction Machinery Board 1942
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7/1967/196U.S. War Manpower Commission 1943
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7/1977/197V-W 1942-1944
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7/1987/198Vacations 1941-1942
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7/1997/199Vein 1928; 1941
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7/2007/200Wages 1937-1941
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7/2017/201Western Union Mining Co. 1929
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7/2027/202X-Z 1943
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7/2037/203A 1946-1947
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7/2047/204Anaconda Copper Mining Co., Ore contract 1930
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7/2057/205ASARCO 1946-1947
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7/2067/206B-C 1946-1948
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7/2077/207Contracts, Hospital 1927-1944
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7/2087/208D-R 1945-1947
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7/2097/209Reports, Accident 1946-1948
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7/2107/210Reports, Office of Price Administration, annual and quarterly 1942-1946
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7/2117/211Reports, Production 1946-1948
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7/2127/212Reports, Progress 1946-1948
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7/2137/213S 1946-1947
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7/2147/214Shoshone Credit Association 1947
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7/2157/215Silicosis waiver, L.J. Doyle 1942
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7/216-2177/216-217Statements, Financial 1946-1947
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7/2187/218T-Z 1946-1947
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7/2197/219Tax, Annual return of income 1942-1946
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7/2207/220Trucks 1945-1947
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7/221-2227/221-222Union of Mine, Mill and Smelter Workers 1941-1946
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7/2237/223War Production Board, Quota Commission 1942-1947
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7/2247/224Miscellaneous: Annual Report, Idaho 1931-1948
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7/2257/225Annual Statement 1932-1948
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7/2267/226Seattle Curb Exchange, Tacoma Stock Exchange 1918-1929
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7/227-2297/227-229Securities and Exchange Commission application for permanent registration 1935-1947
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7/2307/230Securities and Exchange Commission reports 1943-1946
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7/2317/231Spokane Stock Exchange registration 1934-1935
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7/2327/232U.S. Bureau of Mines 1943-1947
Series III. Capital Stock Records 1919-1947
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8/2338/233Stock ledger 1919-1928
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8/2348/234Stock ledger 1927-1938
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9/235-2369/235-236Stock ledgers 1928-1946
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10/236-23810/236-238Transfer stockholders ledgers 1940-1947
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10/239-24110/239-241Stock journals 1919-1941
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11/243-25111/243-251Transfer correspondence, A-F 1919-1945
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11/25211/252First National Bank 1928-1941
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11/253-25511/253-255Ford, Frank D. 1928-1945
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11/25611/256G 1925-1945
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11/257-25911/257-259Gibson, E.J. & Co. 1925-1945
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11/260-26111/260-261H 1920-1945
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11/26211/262Howarth, Chester J. 1925-1940
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11/26311/263Howarth, James F. 1935-1945
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11/264-26511/264-265I-K 1926-1941
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12/26612/266L 1930-1945
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12/26712/267Logan & Bryan 1928-1938
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12/268-26912/268-269M 1927-1941
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12/27012/270McAllister, Harry C. 1922-1941
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12/27112/271N 1927-1945
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12/27212/272Nicholas, William A. 1920-1945
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12/27312/273O 1937-1941
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12/27412/274O'Brien, Tom J. 1929-1942
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12/27512/275P 1928-1945
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12/276-27912/276-279Pennaluna and Company 1925-1945
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12/28012/280Pohlman, L.S. & Company 1922-1934
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12/281-28212/281-282Preston & Raef 1929-1945
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12/28312/283R 1930-1941
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12/28412/284Rothrock, F.M. 1925-1941
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12/285-29112/285-291S-W 1919-1945
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12/29212/292Wallace Bank & Trust Company 1929-1937
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12/29312/293Whaley, A.A. 1930-1937
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12/29412/294Y-Z 1920-1926
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13/295-30013/295-300Transfer correspondence: A-F 1940-1947
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13/301-30213/301-302Ford, Frank D. 1942-1947
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13/30313/303First National Bank 1940-1946
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14/30414/304G 1943-1945
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14/305-30814/305-308Gibson, E,J, 1942-1947
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14/309-31014/309-310H 1941-1947
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14/31114/311I-L 1942-1946
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14/31214/312Lavigne, Edwin & Co. 1942-1947
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14/31314/313M 1942-1947
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14/314-31514/314-315Merrill Lynch, Pierce, Fenner, & Beane 1942-1947
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14/31614/316N 1942-1947
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14/31714/317O 1944-1947
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14/31814/318O'Brien, J. Tom, Co. 1942
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14/31914/319P-R 1942-1947
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14/320-32114/320-321Pennaluna & Co. 1942-1947
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14/322-32314/322-323Preston & Raef 1942-1947
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14/324-32514/324-325S 1942-1947
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14/326-32714/326-327Standard Securities Corporation 1942-1947
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14/32814/328T-Z 1942-1947
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14/32914/329Washington Trust Company 1942-1947
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os/330os/330Assessment journal 1925-1927
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15/331-33515/331-335Assessments 1-7 1925-1927
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os/336os/336Dividend record 1930-1947
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os/337os/337Correspondence relating to dividends 1930-1947
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os/338os/338Lists of stockholders 1922-1947
Series IV. Financial Records 1919-1947
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os/339os/339General ledger number 1 1919-1927
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os/340os/340Ledger 1928-1947
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os/341os/341General ledger transfer 1928-1944
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os/342os/342General journal number 1 1919-1926
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os/343os/343General journal number 2
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os/344os/344Transfer expense ledger 1941-1945
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os/345os/345Expense ledger 1946-1947
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os/346os/346Appraisement by General Appraisal Co. 1946
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os/347os/347Depletion 1929-1947
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os/348os/348Depreciation statements 1940-1947
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os/349-350os/349-350Financial statements 1923-1930
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os/351os/351Net profit statements 1928-1930
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os/352os/352Cash book 1928-1933
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os/353os/353Cash book 1941-1947
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os/354-357os/354-357Voucher registers 1926-1947
Series V. Ore Production and Shipment Records 1928-1947
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os/358os/358Ore record 1928-1947
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17/359-36117/359-361Monthly composite summaries 1946-1947
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17/361a17/361aShipment assay record 1927-1930
Series VI. Personnel Records 1918-1947
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17/36217/362Payrolls 1918-1919
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17/36317/363Retroactive wages paid for 1942
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17/364-36517/364-365Employee payrolls 1943
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18/366-37118/366-371Administrative payroll and related records 1942-1947
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18/372-38318/372-383Employee time sheets 1942
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19/384-41519/384-415Employee time sheets 1943-1947
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20/416-43820/416-438Shift reports 1928-1930
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21/439-44221/439-442Shift reports 1937
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21/443-44421/443-444Daily summaries 1929-1930
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22/44522/445Daily summaries 1931
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22/447-46022/447-460Shift reports and summaries 1938-1942
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23/461-47223/461-472Shift reports and summaries 1942-1945
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24/473-47824/473-478Shift reports and summaries 1945-1946
Series VII. Tax Records 1921-1948
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24/479-48424/479-484Records relating to unemployment compensation withholding 1942-1947
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24/48524/485Return of income tax withheld on wages 1943-1947
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24/48624/486Summary of reports of dividend payments 1945
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24/48724/487Capital stock tax records 1921-1945
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24/48824/488Idaho tax records 1931-1948

Profile Description

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

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