• Share:
  • Download/Print:
  • PDF
Search

Records, 1912-1947

Overview of the Collection

Creator
Portland Mining Company
Title
Records
Dates
1912-1947 (inclusive)
Quantity
1 cubic foot
Collection Number
MG264 (collection)
Summary
Minutes of meetings, financial statements, correspondence with suppliers and stockholders, annual statements and reports to state agencies, stock ledgers and journals, and financial ledgers and journals of a silver-lead mine in the Beaver Mining District of the Coeur d'Alene mining region of northern Idaho.
Repository
University of Idaho Library, Special Collections and Archives
Special Collections and Archives
University of Idaho Library
875 Perimeter Drive
MS 2351
Moscow, ID
83844-2351
Telephone: 208-885-7951
libspec@uidaho.edu
Languages
English


Historical NoteReturn to Top

Between 1890 and 1895 the original Portland Mining Company developed a property on the west slope of Sunset Peak, but the zinc ores exposed in the Silver Tip tunnel proved valueless because there was no proper method of separation from the lead associated with them. After 1917 Eugene Day undertook further development under the name West Sunset Mining Company. Although the Days invested between $75,000 and $80,000 little ore was found and on September 29, 1921, the mine was closed.

On October 2, 1940, the new Portland Mining Company was incorporated by John Wourms, R.V. Anno, Paul Jessup, S.F. Heitfeld, and Harry Buhrmester. Recapitalization was 5,000,000 shares with a par value of 10cts per share. At the first meeting of the incorporators, held October 19, 1940, John Wourms, president of the company, announced that the Portland Mining Company had been formed primarily for the purpose of acquiring mining property located on Sunset Peak in the Beaver Mining District of Shoshone County, about 12 miles from Wallace, and that the Portland, Parrott, and Eugene Lodes had been examined by Norman Ebbley, Jr., in the early fall, and that he had placed a value on the various properties owned by the Day family and their associates.

It was agreed to purchase the Portland Group consisting of the following patented claims: Red Dragon, Silver Tip, Mule Deer, Sitting Bull, Silver Tip Fraction, West Fraction, Parallel Fraction, and Connection, comprising 73.635 acres and owned by Eleanor Day Boyce, E.G. Ellis, David Smith, and George K. Garrett for 1,000,000 shares of Portland Mining Company capital stock at the par value of $100,000; the Eugene Claim consisting of one patented claim of 8.87 acres owned by Eleanor Day Boyce, Harry L. Day, Jerome J. Day, and Blanche Day Ellis for 24,900 shares, par value 10cts per share; and the Parrott Lode, also one patented claim of 19.456 acres, owned by Anna B. Wadsworth, Ralph Comegys, Harry L. Day, Jerome J. Day, Eleanor Day Boyce, Blanche D. Ellis, Dan L. McGrath, E.G. Ellis and David D. Smith, for 100,320 shares, par value $10,032. By 1941 the Portland Mining Company owned 100% of the Eugene, all but 1260/3040 of the Parrott, and all but 1/20 of the Portland, the missing shares being tied up in estates. In 1942 the company acquired the Garrett interest in the Portland Group.

At a special meeting of the directors in 1942 it was decided to purchase the Sunshine Mining Company for 100,000 shares of Portland capital stock, and pay a similar amount for Beaver Creek Mining Company which owned Beaver Lode and the Bessie Group consisting of 7 unpatented claims, and give 600,000 shares for the Idora and Tuscumbia mines. The directors also agreed to purchase any other contiguous properties if they could be acquired for a reasonable price. The unpatented claims acquired by these later purchases included: Alfretta, Butte, Colwyn, Idora, Triangle Fraction, Tuscumbia, Fraction and others.

On March 23, 1943, the shareholders approved the takeover bid of Monitor Mining Company by which they would receive one share of Monitor stock for each four shares of Portland stock held. The properties of these two companies were contiguous and the workings of the Monitor could be used for the development of both. The Portland's directors were empowered to deliver over all company properties and dissolve the company.

Content DescriptionReturn to Top

The records of the Portland Mining Company span the years 1912 to 1947, with the bulk of the material covering the years 1940 to 1943. Included are minutes of meetings, financial statements, correspondence with suppliers and stockholders, annual statements and reports to state agencies, stock ledgers and journals, financial ledgers and journals, vouchers, voucher registers, and tax returns.

Related materials can be found in the records of the Monitor Mining Company and the West Sunset Mining Company.

Administrative InformationReturn to Top


Detailed Description of the CollectionReturn to Top

Series I. Records of the Board of Directors and the Stockholders , 1912, 1940-1943Return to Top

Container(s) Description Dates
Box/Folder
1/1
Minutes and by-laws
1940-1943
1/2
Report on property
1912

Series II. General Correspondence and Related Records , 1926-1947Return to Top

Container(s) Description Dates
A. Alphabetical File
Box/Folder
1/3
A-B, Bessie Claim
1941-1943
1/4
Bowen, Earl G.
1937-1942
1/5
Boyce, Eleanor Day
1940-1942
1/6
C
1940-1942
1/7
Contracts: Hospital
1942
1/8
D
1940-1942
1/9
Day, Henry L. ("Summary of property proposed to be acquired by issuance of shares....")
undated
1/10
E, 1940-1943; Exploration, undated
1/11
Easement: Rob Roy Mining Company
1941
1/12
Eugene and West Sunset Lodes
1928-1935
1/13
F
1942-1943
1/14
Financial statements
1940-1942
1/15
G-H, Hudson Lode
1941-1943
1/16
I-L, 1940-1942; Liquidator (drawings of claims), undated
1/17
Lease: Mark-Gardner (ore settlements)
1942
1/18
Lease: Silver Tip
1941-1943
1/19
Lease: Sitting Bull Dump
1942
1/20
M
1941-1942
1/21
Meetings of directors and stockholders
1940-1943
1/22
Ore settlements: Silver Tip Lease
1941-1942
1/23
P-R
1940-1942
1/24
Reports
1928-1943
1/25
S-T, Toughnut Lode
1941-1943
1/26
U.S. Office of Price Information and War Information
1942
1/27
U.S. Bureau of Mines, form 6-953
1/28
U.S. Office of Defense Transportation
1942
1/29
U.S. War Production Board: quotas, metallic premium payment
1942
1/30
U.S. War Production Board: quotas, purchasing
1942
1/31
W
1940
B. Portland Group
Box/Folder
1/32
Boyce, Mrs. Edward
1932-1938
1/33
Day, Henry L.
1926-1927, 1933-1937
1/34
Map
1933
C. Miscellaneous
Box/Folder
1/35
Annual Reports: State Inspector of Mines
1941-1943
1/36
Annual Statements of Domestic Corporations
1941-1947
1/37
Industrial Accident Board Report
1942
1/38
Correspondence
1920, 1942-1944
1/39
Income tax returns: Idaho
1940-1943

Series III. Capital Stock Records , 1940-1943Return to Top

Container(s) Description Dates
Box/Folder
1/40
Ledger
1940-1943
1/41
Journal
1940-1943

Series IV. Financial Records , 1940-1943Return to Top

Container(s) Description Dates
Box/Folder
1/42-43
Ledgers
1940-1943
1/44-45
Voucher registers
1940-1943
1/46
Vouchers
1942-1943
1/47
Bank statements
1942-1943