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Guide to the Benton Mining Company Records ; Benton Mining Company Records

Records

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Guide to the Benton Mining Company Records 1894-1920

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: Benton Mining Company
Dates: 1894-1920
Quantity: 1 cubic foot
Abstract:Records relating to meetings of the stockholders, correspondence with stockholders, stock ledgers and journals, assessment records, invoices, a cash book, payrolls, and income and property tax records of a silver-lead mine in the Lelande Mining District of the Coeur d'Alene region of Idaho.
Identification: MG271
Language: English
Repository: University of Idaho Library Special Collections and Archives
Moscow, ID 83844-2351

Arrangement and Description

The records of the Benton Mining Company are divided into seven series.The first series, Records of the Board of Directors and the Stockholders, includes proxy statements, votes, and notices and reports of meetings.General Correspondence and Related Records, the second series, contains contracts and escrow agreements, and correspondence from stockholders.The third series is Capital Stock Records. Included are a stock ledger and journal, an assessment register and receipt books, and a stock audit.The fourth series, Financial Records, contains bank statements and paid checks, invoices bills and receipts, and a cash book.Series five, Ore Production and Shipment Records, contains assay certificates.Personnel Records, the sixth series, includes payrolls and correspondence concerning insurance and accidents.Tax Records, the final series, consists of income tax returns and property tax receiptsRemoval of cancelled stock certificates, returned assessment notices, vouchers, and duplicate materials reduced the size of this collection by one cubic foot.

Scope and Content

The records of the Benton Mining Company span the years 1894 to 1920, with the bulk of the material covering the years 1903 to 1916. Included are records concerning meetings, financial statements, correspondence with stockholders, stock ledgers and journals, assessment records, lists of stockholders, a cash book, assay certificates, correspondence concerning accidents and insurance, and tax returns.


Administrative/Biographical History

The Benton Mining Company of Wallace, Idaho, originally consisted of five unpatented claims, Ward (1901), Silver Chief (1894), Dump, Darlington, and Benton (all registered in 1899), in the Lelande District of Gorge Gulch, a quarter of a mile from Burke. It adjoined the Stanley and Moonlight mines. In 1916 the company purchased from Trade Dollar Mining Company the Trade Dollar, Truax, Bad Axe, Lilly, Eureka, and Silver Dollar Claims. The company was originally incorporated February 14, 1903, and reincorporated April 19, 1920. The 1920 capitalization was 1,500,000 shares with a par value of $1.00 per share.

The mine was developed by John Callahan, president until 1924 when he was succeeded by Mary Callahan. Development of this lead-silver and zinc mine consisted of approximately 1500 feet of tunnels and a 200 foot shaft. Money for development was raised through stock assessments. In addition to the assessments mentioned in these papers there were assessments March 31, 1923 (3 mills), March 29, 1924 (2 mills), March 28, 1925 (2 mills), and April 30, 1928 (3 mills). The plant consisted of an electrically driven hoist and two drill compressors. Development work in 1922 resulted in a very encouraging showing and in 1923 the original five claims were patented. By 1927 the largest of the six tunnels was 2500 feet long. It was lengthened during the following years but by 1930 the mine was idle. The mine remained inactive until 1967 when, under the direction of R.J. Bruning, president, an agreement was reached with the Silver Dollar Mining Company to do exploration work. The mine was active through 1970 when it again lapsed into inactivity.

The 1967 Report to Shareholders is among L.C. Gaffney's papers "Miscellaneous Financial Materials (folder 24)

Although never part of Day Mines, Incorporated, that company owned 54,480 shares of Benton, as shown in a 1972 report filed with the Securities and Exchange Commission.


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

Benton 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 Benton 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 Judith Nielsen in November 1988.


Detailed Description of the Collection

Series I. Records of the Board of Directors and the Stockholders 1906-1920
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1/11/1Records relating to meetings 1906-1920
Series II. General Correspondence and Related Records 1894-1916
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1/21/2Records relating to claims 1894-1912
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1/31/3Contracts 1906-1917
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1/4-61/4-6Correspondence 1908-1916
Series III. Capital Stock Records 1903-1916
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1/71/7Ledger 1903-1915
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1/81/8Journal 1903-1915
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1/91/9Assessment registers, 1911-1913; assessment receipt book, 1916
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1/101/10Audit 1914
Series IV. Financial Records 1904-1919
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1/11-121/11-12Bank statements 1904-1919
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1/13-151/13-15Invoices, bills, and receipts 1905-1916
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1/161/16Cash book 1905-1914
Series V. Ore Production and Shipment Records 1913-1915
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1/171/17Assay certificates 1913-1915
Series VI. Personnel Records 1914-1918
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1/181/18Pay rolls 1914-1916
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1/191/19Accident and insurance records 1917-1918
Series VII. Tax Records 1912-1916
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1/201/20Miscellaneous 1912-1916

Profile Description

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

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