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Guide to the Woodburn Mining Company Records ; Woodburn Mining Company Records

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Guide to the Woodburn Mining Company Records 1937-1940

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: Woodburn Mining Company
Dates: 1937-1940
Quantity: 0.5 cubic feet
Abstract:Minutes of meetings, annual statements and reports to state agencies, stock ledgers and journals, assessment records, and tax returns of a Mineral County, Montana, mining company.
Identification: MG287
Language: English
Repository: University of Idaho Library Special Collections and Archives
Moscow, ID 83844-2351

Arrangement and Description

Since there is so little material in the records of the Woodburn Mining Company no series designations were made. The physical arrangement of the material, however, follows that of the larger companies in the Day Mines group.The Records of the Board of Directors and the Stockholders, include the articles of incorporation, by-laws, certificate of incorporation, petition for dissolution, minute book and other papers dealing with the meetings of directors and stockholders. Capital Stock records include a stock ledger and journal, documents related to the transfer of assets from Ben Hur to Woodburn, stock transfer correspondence, and records relating to the unsuccessful 1940 assessment. The final items in the collection are annual reports to the state of Montana, Montana corporation license tax returns and federal income tax returns, 1937-1940.

Scope and Content

The records of the Woodburn Mining Company span the years 1937 to 1940. Included are minutes of meetings, annual statements and reports to state agencies, stock ledgers and journals, assessment records, and tax returns.

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


Administrative/Biographical History

The first meeting of the Woodburn Mining Company was held May 6, 1937 at the residence of Herbert E. Rogers in Saltese, Mineral County, Montana. The incorporators were Herbert E. Rogers, vice-president; Eugene Keesey; John H. Wourms, president; Roy W. Anno, secretary-treasurer; and Frank Davey. The corporation was primarily organized for the purpose of acquiring and taking over from the surviving directors, then acting as trustees, of the Ben Hur Mining Company all the property owned by Ben Hur before it was dissolved by the expiration of its charter, all of which property was located in St. Regis, an unorganized mining district in Mineral County, Montana.

Jerome Day, who owned approximately 90% of the Woodburn stock, advanced the company $1,000 to buy Mrs. Malvina Lelande's undivided 1/8 interest in the Bell #1 and #2 claims. Woodburn already owned the other 7/8.

The minutes for the 1940 directors meeting report the company was indebted for more than $1900 for organizational expenses, the Bell purchase, and annual expenses. A financial sheet dated March 19, 1940, shows the total indebtedness to Jerome Day as $1,980.88. A 2 1/2 mill stock assessment was authorized on April 9, 1940, but many shareholders failed to pay and the company raised only $1300. Jerome Day agreed to accept 82,463 shares of stock in payment of his claim against the company.

The Woodburn property was located next to Last Chance Copper Company. Last Chance was negotiating with Jupiter Mining Company which had already acquired 3/5 of the neighboring Bryan Claim developed by the Day brothers. On June 3, 1940, the directors of Woodburn, John H. Wourms, Roy W. Anno, Alpha H. Hogan, Gale D. Rogers and Herbert E. Rogers, has a special meeting to discuss selling the property to Jupiter. The shareholders approved the sale on June 29, and in August 1940 a petition of dissolution was filed. The Woodburn property was sold to Jupiter for 200,000 shares of capital stock of Jupiter Mining Company with a par value of $20,000. At the time of the sale Woodburn owned nine patented lode mining claims and 8 unpatented mill sites.


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.

Mines and Mineral Resources
Montana

Woodburn Mining Company

Mining corporations -- Records -- Montana -- Mineral County

Administrative Information

Source

The records of the Woodburn 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 June 1987.


Detailed Description of the Collection

Series I. Records 1937-1940
box-folderbox-folder
1/11/1Articles if incorporation, by-laws, certificate of incorporation 1937
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os/2os/2Minute book 1937-1940
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os/3os/3Records relating to meetings 1937-1940
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os/4os/4Petition for dissolution 1940
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os/5os/5Stock ledger 1937-1940
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os/6os/6Stock journal 1937-1940
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os/7os/7Transfer of assets from Ben Hur Mining Co. 1937
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os/8os/8Stock transfer correspondence 1937-1940
box-folderbox-folder
os/9os/9Records relating to assessment 1940
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os/10os/10Annual reports, State of Montana 1938-1939
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os/11os/11Corporation license tax returns, Montana 1938-1939
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os/12os/12Federal income tax returns 1937-1940

Profile Description

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

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