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Guide to the Wallace Press-Times Records ; Wallace Press-Times Records

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Guide to the Wallace Press-Times Records 1906-1956

Sponsor: Funding for processing this finding aid was provided through a grant awarded 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: Wallace Press-Times
Dates: 1906-1956
Quantity: 2.0 cubic feet
Abstract:Alphabetical correspondence file, minute book (1912-1956), and several financial journals of a Wallace, Idaho, newspaper.
Identification: MG310
Language: English
Repository: University of Idaho Library Special Collections and Archives
Moscow, ID 83844-2351

Arrangement and Description

The records of the Wallace Press-Times are divided into two series. The first contains the minute book for the years 1912 to 1956, and several financial journals from the Press-Times predecessor, Wallace Times. The second series is an alphabetical file which contains correspondence, notices of meetings, and financial statements for the years 1915 to 1974.

Scope and Content

The records of the Wallace Press-Times Company span the years 1906 to 1956, with the bulk of the material covering the years 1930 to 1945. Included are a minute book covering the years 1912-1956, several financial journals, and an alphabetical correspondence file.


Administrative/Biographical History

The Wallace Press-Times came into existence as a daily publication in 1911 following consolidation of two earlier publications, The Wallace Times owned by Harry Day, and The Idaho Press owned by A.J. Dunn, both of which had been published since before the turn of the century. All equipment was purchased from these two companies for $25,000, paid for in shares of the new company. The Day family shares were divided as follows: Eugene, 10,000 shares, Jerome, 1,328 shares, and Harry L. trustee, 5,052 shares.

Present at the first meeting of the incorporators, held June 5, 1912, were John L. Dunn, A.J. Dunn, May C. Kirby, Robert E. Seysler, and Roderick McLeod. The certificate of incorporation for the new company was filed May 27, 1912. At the first meeting of the directors the following officers were elected: Robert E. Seysler, president; Roderick McLeod, vice president; and May C. Kirby, secretary-treasurer. A stock assessment of 100% was also levied. On September 10, 1912, all three officers resigned and were replaced by Eugene Day, Jerome Day, and A.J. Dunn respectively. Harry L. Day also joined the board at this time. In 1917 W.B. Heitfeld replaced Dunn as secretary.

From 1911 until 1928 the Press-Times was a morning daily, then in April 1928 it began publishing both a morning and an evening paper. Financial conditions in 1931 forced the suspension of the morning edition. The paper also published a weekly Mining Review.

By 1926 the Day family was firmly in control of the paper. The Hercules Mining Company was the largest stockholder with 12,849 shares, Harry Day served as president, Henry as vice president, and W.B. Heitfeld as secretary-treasurer. Stock assessments were levied to cover the indebtedness of the paper and money was also borrowed from the Wallace Bank and Trust Company. in 1936 68% of the stock held by each stockholder was returned to the treasury to wipe out the indebtedness of the company and the first dividend of 75 cents per share was declared. in 1937 Henry replaced his father as president and W.B. Heitfeld was elected vice president, a position he held until December when he was replaced by Paul Jessup, and S.F. Heitfeld became secretary-treasurer. Also in December of 1937 John Wourms was elected to the board and became the company attorney.

The early 1940s saw several efforts to buy the Press-Times, but all offers were rejected. In October 1952 the Press-Times was sold to the Coeur d'Alene Press Print Shop, also known as the North Idaho Publishing Company, owned by Burl C. Hagadone, and publisher of the Coeur d'Alene Press, for $65,000. This transaction merged the two largest and oldest daily newspapers in the five northern counties of Idaho, although the Press-Times continued to operate on a politically independent basis. On December 18, 1954, the Board of Directors of the Press-Times passed a motion to declare a liquidating dividend and officially dissolve the company.


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.

Business, Industry, and Labor
Idaho

Wallace Press-Times

Wallace (Idaho)--Newspapers

Administrative Information

Source

The records of the Wallace Press-Times are part of the records of Day Mines, Inc., donated to the University of Idaho by Henry Day in 1984 and 1985.


Detailed Description of the Collection

Series I. Minute Book and Financial Journals 1906-1956
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1/11/1Minute book 1912-1956
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1/21/2Financial journal 1906-1907
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1/31/3Trial balance book 1906-1909
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1/41/4Proprietor's ledger 1910-1912
Series II. General Correspondence and Related Records 1915-1956
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1/51/5A Correspondence 1932-1945
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1/61/6Accounts charged off 1935-1940
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1/71/7Accounts receivable 1936
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1/81/8Advertising: Beer; Patent 1933-1935
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1/91/9Alburn Bureau; America First, Inc. 1932-1934
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1/101/10Annual meeting of stockholders and directors, notice of 1935-1936
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1/111/11 February 5, 1940
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1/121/12Association of National Advertisers 1932
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1/13-141/13-14Associated Press 1926-1951
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1/151/15Ayer & Son 1931-1932
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1/161/16B Correspondence 1928-1952
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1/171/17Bills, Hercules 1928
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1/181/18C Correspondence 1933-1955
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1/191/19Chemical Foundation; Circulation 1931-1934
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1/201/20Clark, Thomas F., Co., Inc.; Code; Coeur d'Alene Mines 1932-1936
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1/211/21Commission, Securities and Exchange; County printing 1934-1936
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1/221/22D Correspondence 1931-1939
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1/231/23Daily Newspaper Publishing Business - Code authority 1935
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1/241/24Data 1931-1932
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1/251/25David, George B., Co. 1932
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1/261/26Employing Printers Association of America, Inc.; Erwin Wasey & Co. 1932-1935
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1/271/27F Correspondence 1933-1936
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1/281/28G Correspondence 1933-1944
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1/291/29Goss Printing Press Co. 1935-1942
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1/301/30H Correspondence 1930-1953
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1/311/31Haywood, D.B., Co.; Hercules Mining Co. 1931-1935
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1/321/32I Correspondence 1934-1952
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1/331/33Idaho, State of 1931-1942
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1/341/34Idaho State Editorial Association 1933-1936
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1/351/35Interior, Department of 1935
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1/361/36J; Joint National Code Authority 1934-1936
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1/371/37K; Kohler 1932-1946
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1/381/38L Correspondence 1935-1949
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1/391/39Legislation; Lewiston Tribune; Liquor Advertising 1932-1947
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2/402/40M Correspondence 1932-1945
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2/412/41McClure Newspaper Syndicate 1932-1940
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2/422/42Meetings, Stockholders, etc.; Miehle Printing Press & Mfg. Co.; Mining Truth 1926-1935
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2/432/43N Correspondence 1933-1956
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2/442/44NEA Service 1930-1954
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2/452/45Newell-Emmett Company 1933
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2/462/46O Correspondence 1935-1939
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2/472/47P Correspondence 1932-1947
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2/482/48Position seekers 1933-1940
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2/492/49Post Office Department 1931-1937
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2/502/50R; Republican State Central Committee 1932-1937
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2/512/51S Correspondence 1933-1951
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2/522/52Shoshone County; Social Security; Spokesman Review 1928-1946
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2/532/53Statements, Comparison by years 1915-1935
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2/54-662/54-66Statements, Financial 1926-1956
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2/672/67State printing; Standard Rate & Data Service 1932
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2/682/68Stockholders, Press-Times Publishing Co.; Southern Newspaper Publishers' Association 1931-1936
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2/692/69T; Tax, Income 1932-1938
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2/702/70U; United Press Associations 1933-1950
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2/712/71V, W Correspondence 1933-1938
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2/722/72Wages and salaries 1934-1952
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2/732/73Wallace Bank and Trust Co.; Washington, State College of; Weekly Pictorial Syndicate; XYZ correspondence 1932-1939

Profile Description

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

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