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Guide to the Success Mining Company Records ; Success Mining Company Records

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Guide to the Success Mining Company Records 1906-1953

Sponsor: Funds for processing were provided by the National Historical Publications and Records Commission.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: Success Mining Company
Dates: 1906-1953
Quantity: 16 cubic feet
Abstract:Records relating to the meetings of the directors and stockholders, correspondence concerning mine operations, correspondence with stockholders and suppliers, financial statements, tax returns, leases, ore contracts, ore shipment records, information on the sale of equipment, capital stock records, financial records, and accident and payroll records of a zinc mine in the Placer Center Mining District of the Coeur d'Alene mining region of Idaho.
Identification: MG291
Language: English
Repository: University of Idaho Library Special Collections and Archives
Moscow, ID 83844-2351

Arrangement and Description

The records of the Success Mining Company are divided into seven series.The first series, Records of the Board of Directors and the Stockholders, does not contain minute books. However, some years do contain minutes as well as other material relating to meetings, such as by-laws, lists of stockholders, proxy statements, and ballots for directors. Meetings were not held annually, but at widely scattered intervals.General Correspondence and Related Records, the second series, is broken down into three subseries. The first is an alphabetically arranged file of the Secretary/Treasurer, and contains correspondence relating to mine operations, correspondence with stockholders regarding stock transfers and assessments, correspondence with suppliers, reports to the U.S. Bureau of Mines in 1927 and 1937, records of the sales of mine equipment in 1925 and 1926, financial statements, income and capital stock tax returns, leases, and ore contracts. The second subseries contains the incomplete files (A-O) of the General Manager and includes ore shipment records, information on the sale of equipment, capital stock tax returns, and correspondence with suppliers. The final subseries contains leases, contracts, coroner's inquests and insurance policies which were loose in the original received order.The third series is Capital Stock Records. Included are stock ledgers and journals, incomplete sets of bound volumes of receipts for assessments 1-7, correspondence concerning assessments 4, 6 and 7, and a dividend register.The fourth series, Financial Records, contains check stubs for the years 1939 to 1943, an alphabetical file of correspondence, financial ledgers and journals, and a voucher register.Ore Production and Shipment Records, the fifth series, contains smelter returns which include shipping information, assays, and settlement sheets for ore the mine shipped to American Smelting and Refining Co, Anaconda Copper Mining Company and Vieille Montagne Zinc Co., and a daily record of production for the years 1915-1925.Series six, Plant and Equipment Records, contains inventories of equipment and supplies for the years 1920 to 1925, and a 1925-1926 order book.Personnel Records, the final series, contains accident reports for 1923-1926, time check records, and payroll journals for the years 1915-1926.Material relating to the Idaho Memorial Association found with the Success Mining Company papers appeared to have no relation to the mine or its officers and was therefore removed. Also removed were the stock ledger on cards since the stock ledger books were more complete, returned notices of meetings and assessment notices, and paid checks which were listed in the voucher register. This reduced the bulk of the material by four cubic feet.

Scope and Content

The records of the Success Mining Company span the years 1910 to 1953, with the bulk of the material covering the years 1915 to 1926. Included are records relating to the meetings of the directors and stockholders, correspondence concerning mine operations, correspondence with stockholders and suppliers, financial statements, tax returns, leases, ore contracts, ore shipment records, information on the sale of equipment, capital stock records, financial records, and accident and payroll records.


Administrative/Biographical History

In 1905, H.F. Samuels and associates bought the Granite Company, a formerly successful lead-silver producer that had been abandoned after encountering excessive zinc in the ore. The new firm, incorporated under the laws of the state of Idaho on April 5, 1905 as the Success Mining Co., was to be operated primarily for zinc. Samuels owned 2/3 or more of the stock. The Success paid frequent dividends between 1911 and 1917. In the latter year the U.S. Geological Survey's Mineral Resources of the United States ranked the Success mine second among smelter producers in the state of Idaho.

Early in 1915 rapidly advancing zinc prices spurred a brief boom in Success stock. The company had owed $77,825.14 at the beginning of the year; by April it was out of debt and able to declare a two-cent dividend on the $1.5 million par value of stock; a similar dividend followed in May and again in June, yet a surplus continued to accumulate. Then, near the end of the latter month, H.F. Samuels resigned the presidency and his cousin C.C. Samuels quit the secretaryship. P.J. Gearon, and C.M. Carroll, both of whom had been directors, became president and secretary-treasurer, respectively.

After that, the flow of dividends dried up. Two years later, a stockholder and attorney, Franklin Pfirman, circulated a report charging Gearon, Howarth, and other directors with having disposed of most of their own stock and conspiring to rob the company of the money accumulated in the treasury. Securing the proxies of the scattered small stockholders now in the majority, Pfirman took over the Success at its next annual meeting and installed new officers, with himself as president. Nevertheless, by 1918, the mine was closed. Between 1918 and 1925, there were seven assessments levied against Success stock.

The Success continued to ship small amounts of ore while successive managers, first Allen G. Kennedy and then Herman Rossi, tried to encourage stockholders with reports of development work and hints of a forthcoming rich strike and an end to the continual assessments. In 1925 when Kennedy and his entire staff were fired, Success stock rose briefly, but even exploration work soon ceased. With the Success supposedly played out and the stock down, the Day family took over control. Henry Day became manager, although Rossi remained as a director. John Fahey, in The Days of the Hercules, suggests the Days bought the Success hoping for a hidden vein. Later a variety of lessees tried their luck without finding anything of value. The mine was soon allowed to fill, much of the equipment sold, and one liquidating dividend paid. The last known sale of Success stock was for 1/4 cent per share in 1932.

Although inoperative and the stock completely worthless, the Success Mining Company continued to exist for many decades. The Henry L. Day Papers, Subject Files, contain information on the Success Mining Co. into the 1980s.


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

Success Mining Company

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

Administrative Information

Source

The records of the Success 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 Dixie Miller in February 1988.


Detailed Description of the Collection

Series I. Records of the Board of Directors and Stockholders
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1/11/1Records relating to meetings 1916, 1918, 1924
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1/21/2Records relating to meetings 1925-1926
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1/31/3Records relating to meetings 1927
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1/41/4Records relating to meetings 1930-1932
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1/51/5Records relating to meetings 1933, 1936
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1/61/6Records relating to meetings 1939, 1942
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1/71/7Records relating to meetings 1946, 1953
Series II. General Correspondence and Related Records 1910-1946
A. Secretary/Treasurer's Files 1917-1930
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1/8-91/8-9A-B 1918-1939
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1/101/10Bureau of Mines 1927, 1935-1937
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1/111/11C 1924-1939
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1/121/12Consolidated Insurance Agency, Hartford 1924-1927
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1/131/13D 1925-1938
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1/141/14Dividend file 1927, 1930
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1/151/15E 1925-1936
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1/161/16Equipment sales 1927-1929
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1/171/17F 1925-1939
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1/18-191/18-19Financial statements 1915-1946
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1/20-221/20-22G-J 1920-1940
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1/231/23Income and capital stock tax returns 1912-1916
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1/241/24Industrial Accident Board, State of Idaho 1925
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1/251/25K 1925-1939
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2/262/26L 1925-1939
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2/272/27Lidell and Clarke, Inc. 1925-1936
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2/282/28Lease: Bloyed & Clark 1937
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2/292/29Lease: Roberts 1936
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2/302/30Lease: Ross & Hillstrom 1937
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2/31-322/31-32M 1925-1939
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2/332/33Minerals Separation Corporation 1925
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2/342/34N-O 1925-1937
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2/352/35Ore contracts 1910-1926
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2/362/36P 1925-1937
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2/372/37Price list 1915-1936
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2/382/38R 1925-1938
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2/392/39Rossi Insurance and Investment: Aetna 1924-1930
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2/40-412/40-41S-U 1925-1939
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2/422/42Thomas & McDonell, lessors 1927
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2/432/43V, W, Wage schedule 1925-1939
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2/442/44Y-Z 19226-1935
B. General Manager's Files 1917-1930
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2/452/45A; Aetna 1924-1925
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2/462/46American Smelting and Refining Company, East Helena, Montana 1922-1927
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2/472/47Applications; Austin-Henderson Company, Spokane 1923-1925
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2/482/48B; Brokers; Bureau of Mines; Bureau of the Census 1919-1928
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2/492/49C; Capital Stock Tax 1918-1926
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2/502/50Change of address; Claims; Coal 1924-1925
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2/512/51Coeur d'Alene Hardware & Foundry; Collector of Internal Revenue, Boise; Connersville Blower Company; Continental Oil Company; Cowles, A.E. 1918-1925
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2/522/52Corporation Income and Profit Tax 1917-1930
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2/532/53D; Denver Rock Drill Manufacturing Company; Department of the Interior; Dier, E.D. and Company 1923-1925
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2/542/54DuVal Moore & Company 1925-1926
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2/552/55E; Edison Lamp Works; Export Lumber Company 1924-1933
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2/562/56F; First National Bank 1923-1933
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2/572/57G; Goodyear Tire & Rubber Company 1924-1925
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2/582/58H; Hallidie Company 1924-1925
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2/592/59Housman, A.A. & Company; Hartford Accident and Indemnity; Herrin, H.M. and Company; Hutton, E.F. and Company 1923-1925
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2/602/60I; Insurance "Compensation"; J; Jessen, Dewey; K 1923-1925
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2/612/61L; Labor unions; Lauzier, Wolcott & Company 1924-1925
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2/622/62Mc; Motors; Operating statements 1925-1926
C. Other Files 1906-1930
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3/633/63Agreements 1913-1917
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3/643/64Contracts: Hospital 1917-1922
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3/653/65Contracts: Mine work 1922
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3/663/66Contracts: Washington Water Power 1915-1930
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3/673/67Coroner's inquests 1915
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3/683/68Deeds and Proofs of labor 1906-1924
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3/693/69Explosives license 1917-1918
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3/703/70Indemnity bonds 1915-1923
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3/713/71Insurance policies 1928-1929
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3/723/72Leases 1917-1922
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3/733/73Legal cases 1916
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3/743/74Miscellaneous correspondence 1916-1925
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3/753/75Property records 1903-1906
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3/763/76Reports on property 1912-1918
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3/773/77Rights of way 1911-1914
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3/783/78Settlements of mine injuries 1910-1914
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3/793/79Stock settlement, sale February 28, 1919
Series III. Capital Stock Records 1915-1928
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3/803/80Stock journal 1915
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os/81-82os/81-82Stock ledgers 1915
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os/83os/83Stock journal 1915-1922
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os/84-89os/84-89Stock ledgers 1915-1928
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os/90os/90Dividend register 1915-1917
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os/91-95os/91-95Correspondence relating to assessment #4 1924-2925
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os/96-98os/96-98Correspondence relating to assessment #6 1925
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4/99-1014/99-101Correspondence relating to assessment #7 1925
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4/102-1104/102-110Assessment receipts, assessment #l 1919
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4/111-1174/111-117Assessment receipts, assessment #2 1919
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4/118-1244/118-124Assessment receipts, assessment #3 1921-1922
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4/125-1314/125-131Assessment receipts, assessment #4 1924-1925
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5/132-1365/132-136Assessment receipts, assessment #4 1924-1925
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5/137-1495/137-149Assessment receipts, assessment #5 1925
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5/150-1565/150-156Assessment receipts, assessment #6 1925
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5/157-1595/157-159Assessment receipts, assessment #7 1925
Series IV. Financial Records 1915-1943
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os/160os/160Voucher register 1915-1932
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os/161os/161Debit/Credit ledger 1915-1942
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os/162os/162Distribution of expenses journal 1915-1925
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os/163os/163Applications 1926
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os/164os/164Boarding house statements 1926
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os/165os/165Continental Oil Company 1926
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os/166os/166Development 1926
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os/167os/167Dupont (explosives shipment) 1926
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os/168os/168Insurance claims (accident) 1926
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os/169os/169Orders for money to be paid from salary 1923-1926
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os/170os/170Spokane Nash Motor Company 1926
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os/171os/171Check stubs 1939-1943
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os/172os/172Bank deposit books 1915-1924
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os/173os/173Paid checks 1915
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os/174os/174Paid checks "In partial liquidation" 1930
Series V. Ore Production and Shipment Records 1915-1925
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os/175os/175Daily record of ore production 1915-1925
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6/176-1816/176-181Smelter returns: American Smelting and Refining Company, East Helena, Montana 1922-1926
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6/182-1846/182-184Smelter returns: Anaconda Copper Mining Company, Butte, Montana 1923-1925
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6/185-1906/185-190Smelter returns: Vieille Montagne Zinc Co., San Francisco, California 1925-1927
Series VI. Plant and Equipment Records 1920-1926
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6/191-1926/191-192Inventories 1920, 1924-1925
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6/1936/193Order book 1925-1925
Series VII. Personnel Records 1915-1926
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6/1946/194Accident reports 1923-1926
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6/1956/195Time check record 1915-1926
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os/196os/196Payroll journal 1915-1921
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os/197os/197Payroll journal 1922-1926
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os/198os/198Mill payroll journal 1925
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os/199os/199Miscellaneous payroll April-June 1925

Profile Description

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

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