Thatcher Brothers Banking Co. records, 1883-1953

Overview of the Collection

Creator
Thatcher Brothers Banking Co. (Utah)
Title
Thatcher Brothers Banking Co. records
Dates
1883-1953 (inclusive)
Quantity
178 volumes, (35 linear ft.)
Collection Number
UUS_COLL MSS 003
Summary
Minute books, dividend books, cashbooks, general and individual deposit ledgers, discount registers, general balances, records of escrow, outstanding cashier's checks, and other records created by Thatcher Brothers Banking Co. during its 50 year history. Correspondence files are absent. Also includes records for the West Cache State Bank of Trenton, Utah (1917-1923) and the Hyrum State Bank of Hyrum, Utah (1911-1935). Other books show dealings of the Bank as trustees for the Brigham Young College in the sale of the College's 10,000 acre endowment farm.
Repository
Utah State University, Merrill-Cazier Library, Special Collections and Archives Division
Special Collections & Archives
Merrill-Cazier Library
Utah State University
Logan, UT
84322-3000
Telephone: 4357978248
Fax: 4357972880
scweb@usu.edu
Access Restrictions
Restrictions

Open to public research.

Languages
English.
Sponsor
Library Services and Technology Act (LSTA) grant, 2007-2008

Historical NoteReturn to Top

In 1883, Logan, Utah's first bank was formed through a partnership between George W. Thatcher Sr., Moses Thatcher Sr., H. E. Hatch, W. D. Hendricks, S. T. Josselyn, and W. A. Rossiter, who organized the Thatcher Brothers and Company Banking with $58,500 in capital. Restructuring occurred within the bank in 1889, when it changed its name to Thatcher Brothers Bank Company (TBBC), and had $100,000 in capital. Within a year the bank built a large brick structure for $70,000 dollars on Center and Main Street of Logan (the current location of the Wells Fargo Building). This new building housed the Thatcher Brothers Banking Company on its lower levels and the Thatcher Opera House on its two upper floors. From 1889 to 1913 the Thatcher Brothers Banking Company acted as trustee for the sale of endowment lands from the Brigham Young College in Logan. With Moses Thatcher's involvement in the bank, and his status as an apostle for the Church of Jesus Christ of Latter-day Saints, some people perceived the Thatcher Brothers Banking Company as a "Mormon bank." In response a gentile-operated bank, the First Security Bank of Logan opened in competition to the Thatchers in 1892. Thereafter a number of banks opened in Cache Valley, such as the Hyrum State Bank (1908), the State Bank of Richmond (1908), and the West Cache Bank (1915). With the death of George W. Thatcher in 1902, H. E. Hatch became acting president of the Thatcher Brothers Banking Company until the 1930s.

Misfortune struck at 5:00 pm on April 17, 1912 when the Thatcher Bank caught fire, consuming the entire structure. Although this was the end of the Thatcher Opera House, temporary quarters were arranged to continue banking. By 1915 a new $150,000 building was erected on the site of the burned structure. With business continuing, the Thatcher Brothers Banking Company took over the assets and liabilities of the West Cache State Bank in 1922. Financial difficulties from the agricultural depression of the 1920s hurt the banking industry in Cache Valley, and in 1928 the First Security Corporation acquired ownership of the Thatcher Brothers Banking Company, the State Bank of Richmond, and the Hyrum State Bank. In 1933 the Thatcher Brothers Banking Company changed its name to the First Security Bank of Logan.

Sources:

Mss Collection 3: Thatcher Brothers Banking Company records, box 1, Fds 25-31.
Mss Collection 43: The Cache Valley Historical Society papers, box 2, Book 2.

Content DescriptionReturn to Top

This collection consists of the financial records of the Thatcher Brothers Banking Company, the Hyrum State Bank, West Cache Bank, and the First Security Bank of Logan. The collection consists of nearly 170 ledgers and three boxes of various papers, which contain financial information on Logan's first bankers, George W. Thatcher, Sr. and Moses Thatcher, Sr. In addition, since the Thatcher Bank was the only bank in Cache Valley from 1883-1892, these records contain extensive financial information on Cache Valley's residents and businesses during this time period. Although boxes 1 and 2 (and many of the ledgers) in this collection contain correspondence, researchers should also see COLL MSS 47: George W. Thatcher, Sr. Papers, which contain a substantial amount of early business correspondence for the Thatcher Brothers Banking Company.

This collection is organized into three sections, section I (the majority of the collection), contains records from the Thatcher Brothers Banking Company, section II contains 13 ledgers from the Hyrum State Bank, and section III contains two stock ledgers related to the West Cache Bank. boxes 1-3 contain incoming and outgoing correspondence, bank employee payroll, historical information about the bank, small ledgers, account books, deeds (one relating to the Brigham Young College, Logan), and various other papers. The ledgers contain a record of the minutes of the board of directors, daily transactions, savings accounts, stock purchases, safety deposit boxes, deeds, power of attorney, outstanding loans, and other various books, such as a day book connected to the Brigham Young College (Bk 138). Although boxes 1-3 and the ledgers from section I primarily contain materials connected to the Thatcher Brothers Banking Company, they also contain a small amount of material from other Cache Valley banks.

Use of the CollectionReturn to Top

Restrictions on Use

Copyright

It is the responsibility of the user to obtain permission to publish from the owner of the copyright (the institution, the creator of the record, the author or his/her transferees, heirs, legates, or literary executors). The user agrees to indemnify and hold harmless the Utah State University Libraries, its officers, employees, and agents from and against all claims made by any person asserting that he or she is an owner of copyright.

Permission to publish material from the Thatcher Brothers Banking Co. records must be obtained from the Special Collections Manuscript Curator and/or the Special Collections Department Head.

Preferred Citation

Thatcher Brothers Banking Co. records, 1883-1953. (COLL MSS 003) Utah State University. Special Collections and Archives Department.

Administrative InformationReturn to Top

Arrangement

Organized in 3 sections:

  • I. Ledgers and records of the Thatcher Brothers Banking Company;
  • II. Records of the Hyrum State Bank;
  • III. Records of the West Cache State Bank.

Acquisition Information

The materials contained in this collection were donated by the officers of First Security Bank during the years of 1970-1973.

Related Materials

Thatcher Brothers Banking Company photographs(P0230)

Moses Thatcher, Sr. papers COLL MSS 022

Moses Thatcher home photographs(P0223)

Thatcher Family papers COLL MSS 093

Thatcher Family photographs(P0023)

Hezekiah Sumner Hatch Family Papers COLL MSS 305.

Lorenzo Hill Hatch papers COLL MSS 070

Thatcher Brothers Banking Company Safety Deposit Boxes COLL MSS 175

Detailed Description of the CollectionReturn to Top

Section I:   Ledgers and records of the Thatcher Brothers Banking Company, 1883-1953Return to Top

Container(s) Description Dates
Papers of Thatcher Brothers Banking Company
1883-1953
Box Folder
1 1
Outgoing correspondence
1916-1962
1 2
Incoming correspondence, A-Z
1907-1937
1 3
Incoming correspondence from the International Banking Corporation
1839-1913
1 4
Incoming correspondence of the First Security Bank, Logan
undated
1 5
Correspondence of J. Mark Sorensen concerning the history of TBBC
1970
1 6
Employee payroll
For bank employees.
1909
1 7
Employee payroll
1910
1 8
Employee payroll
1911
1 9
Employee payroll
1912
1 10
Employee payroll
1913
1 11
Employee payroll
1914
1 12
Employee payroll
1915
1 13
Employee payroll
1916
1 14
Employee payroll
1917
1 15
Employee payroll
1918
1 16
Timecard of J. E. Hatch
1913 January
1 17
Directors roll
1899-1901
1 18
Papers concerning the purchase of assets of the First Security Bank of Hyrum
1931
1 19
Bank licenses of operation
1931 and 1938
1 20
TBBC souvenir statement
1922
1 21
A Record of Achievement, report of Cache Valley boy scouts, compliments of TBBC
1922
1 22
Savings balance papers
1927-1929
1 23
Miscellaneous papers, stock lists, bank financial status, forms, tracts, ect.
undated
1 24
Roster of officers of the TBBC and the FSB
1883-1967
1 25
History of the Thatcher Brothers Banking Company and Logan Office of the First Security Bank of Utah, National Association, by Annie E. Peterson, a former employee
(33 pages).
undated
1 26
Drafts, on the history of TBBC, by J. Mark Sorensen
undated
1 27
"Logan as a Banking Center," by Frederick P. Champ, broad cast over KSL radio, Salt Lake City
1935 September 6
1 28
The Thatcher Brothers Banking Company
undated
1 29
The Banking Industry in the Making
undated
1 30
Untitled papers on the history of TBBC
undated
1 31
Press release and newspaper article
undated
2 1
Account book of S. W. Hendricks
1897-1903
2 2
Account book of S. W. Hendricks, collector
1900-1903
2 3
Certificate of deposit, stubs
1921-1924; 1927-1928
2 4
Indenture document concerning the sale of TBBC to First Security Bank of Hyrum
1931
2 5
Hyrum State Bank papers, correspondence (one letter, 1915), financial status, loose papers, etc
1915
3 1
Minutes and reports of TBBC stockholders meetings
1890; 1912; 1928-1934; 1936
3 2
"Depositors in Thatcher Bank during its first year of business"
Contains a list of names of first depositors.
undated
3 3
Deed
Concerns the Brigham Young College, Logan, and the TBBC's duty as trustee.
1892
3 4
Legal document stating rights of TB & C in the Utah Territory
1888
3 5
Legal agreement to sell land to complete a deed
1902
3 6
Official document from the Secretary of State
1930
3 7
Deed of Indenture with Cache Knitting Works Bond
1933
Minutes of the Board of Directors
1889-1953
Book
1
Minutes of the Board of Directors
1889-1906
2
Minutes of the Board of Directors
1906-1912
3
Minutes of the Board of Directors
1913-1934
3a
Minutes of the Board of Directors
1908-1920
3b
Thatcher Brothers Banking Company
Book also contains minutes from Hyrum State Bank 1920-1923, First Security Bank of Hyrum 1928-1933, and Valley Development Company 1934-1936.
1934-1940
3c
Minutes of Cache Valley banks
1917-1953
Dividend Books
1901-1933
Book
4
Dividend Books
1901-1915
5
Dividend Books
1915-1933
General Ledgers
Record of the bank's overall transactions in savings, loans, and demand deposits.
1883-1916
Book
6
Book A
1883-1889
7
Book B
1890-1896
8
Book C
1898-1903
9
Book D
1904-1908
10
Book E
1909-1912
11
Book F
1913-1916
Cash Books
Contains daily financial transactions from the bank, figures later posted to general ledgers.
1883-1928
Book
12
Cash Books
1883-1884
13
Cash Books
1885-1886
14
Cash Books
1886-1888
15
Cash Books
1888-1889
16
Cash Books
1889-1890
17
Teller's individual blotter
1891-1892
18
Daily ticker
1896
19
Ticker
1905
20
Account book (ticker)
undated
21
Certificates of deposit ledger
1890-1891
22
Certificates of deposit ledger
1892-1928
Daily Balances Ledgers
Contains balances and daily activity of the bank's open accounts, succeeded by individual ledgers.
1883-1890
Book
23
Daily Balances Ledgers
1883-1885
24
Daily Balances Ledgers
1886-1887
25
Daily Balances Ledgers
1887-1889
26
Daily Balances Ledgers
1889-1890
Individual Ledgers
Balances and daily activity of the bank's open accounts, figures later posted to deposit ledgers.
1890-1928
Book
27
Individual Ledgers
1890 October-1891 February 1891
28
Individual Ledgers
1891 February-May
29
Individual Ledgers
1892 April-July
30
Individual Ledgers
1893 January-April
31
Individual Ledgers
1893 April-August
32
Individual Ledgers
1893 August-November
33
Individual Ledgers
1893 November - 1894 March
34
Individual Ledgers
1894 March-June
35
Individual Ledgers
1894 June-September
36
Individual Ledgers
1894 September-December
37
Individual Ledgers
1894 December-1895 March
38
Individual Ledgers
1895, March-June
39
Individual Ledgers
1895 June-September
40
Individual Ledgers
1895 September-December
41
Individual Ledgers
1895 December-1896 March
42
Individual Ledgers
1896 March-June
43
Individual Ledgers
1896 June-September
44
Individual Ledgers
1896 September-December
45
Individual Ledgers
1896 December-1897 March
46
Individual Ledgers
1897 March-October
47
Individual Ledgers
1897 June-October
48
Individual Ledgers
1897 October-1898 February
49
Individual Ledgers
1898 February-June
50
Individual Ledgers
1898 June-1899 January
51
Individual Ledgers
1899 January-1900 March
52
Individual Ledgers
1900 March-1901 March
53
(A-K)
1901, March-June
54
(L-Z)
1901, March-June
55
(A-K)
1901, June-September
56
(L-Z)
1901, June-September
57
(A-K)
1901, September-December
58
(L-Z)
1901, September-December
59
(A-K)
1901 December-1902 March
60
(L-Z)
1901 December-1902 March
61
(A-K)
1902, March-June
62
(L-Z)
1902, March-June
63
(A-K)
1902, June-September
64
(L-Z)
1902, June-September
65
1906 November-1907 January
66
1914, January-March
67
1914, April-July
68
1914, July-September
69
(A-K)
1914, October-December
70
(L-Z)
1914, October-December
71
(A-G)
1922 July-1928 April
72
(H-O)
1922 July-1928 April
73
(P-Z)
1922 July-1928 April
Deposit Ledgers
Balances and daily activity of the bank's open accounts, figures posted from individual ledgers.
1883-1901
Book
74
Deposit Ledgers
1883-1889
75
Deposit Ledgers
1889 January-1890 December
76
Deposit Ledgers
1890 July-1891 December
77
Deposit Ledgers
1892
78
Deposit Ledgers
1893 January-1894 March
79
Deposit Ledgers
1894 April-1895 June
80
Deposit Ledgers
1895 July-1896 July
81
Deposit Ledgers
1896 August-1897 April
82
Deposit Ledgers
1897, May-December
83
Deposit Ledgers
1898, January-October
84
Deposit Ledgers
1898 November-1899 May
85
Deposit Ledgers
1899 April-1900 March
86
Deposit Ledgers
1900 April-1901 March
87
(A-K)
1901, April-December
88
(L-Z)
1901, April-December
89
Index to ledger C
undated
Savings Ledgers
Records of savings accounts in the bank.
1883-1908
Book
90
Savings Ledgers
1883-1896
91
Savings Ledgers
1896-1909
92
Savings Ledgers
1900-1908
93
Savings Ledgers
1900-1908
94
Savings Ledgers
1911-1928
95
Savings Ledgers
1909-1926
96
Ledger #1, pp. 1-5999
undated
97
Ledger #2, pp. 6000-7499.
undated
98
Ledger #3, pp. 7500-8399.
undated
99
Ledger #4, pp. 8400-9299.
undated
100
Ledger #5, 9300-9919
undated
101-03
Indexes to savings legers
undated
104
Record of savings balances
1880-1892
105
Record of savings balances
1905-1908
Discount Ledgers
Record of money paid on outstanding loans.
1883-1932
Book
106
Discount Ledgers
1883-1892
107
Discount Ledgers
1888-1902
108
Discount Ledgers
1888-1902
109
Discount Ledgers
1922-1924
110
Discount Ledgers
1924-1926
111
Discount Ledgers
1926-1928
112
Discount Ledgers
1929, January
113
Collection book
1920-1929
114
Collection book
1925-1932
General Balances
Contains the balances and payments by Thatcher Brothers Banking Company with other financial institutions.
1888-1936
Book
115
General Balances
1890-1894
116
General Balances
1900-1904
117
General Balances
1904-1907
118
Daily statements
1901-1904
119
Daily statements
1904-1906
120
Daily statements
1908-1911
121
Average balances with corresponding banks
1925-1936
122
Exchange register
1930-1931
123
National reconcilement register
1931
124
Remittances
1888-1893
Outstanding Cashiers Checks
1911-1935
Book
125
Outstanding Cashiers Checks
1911-1925
126
Outstanding Cashiers Checks
1926-1935
Record of Escrows
1885-1927
Book
127
Record of Escrows
1885-1909
128
Record of Escrows
1907-1923
128a
Record of Escrows
1913-1924
129
Escrow deeds
1917-1927
Stock Ledgers
1889-1940
Book
130a
Stock Certificates, #s 1-250
1889-1904
130b
Stock Certificates, #s 251-500
1904-1911
130c
Stock Certificates, #s 501-725
1911-1918
130d
Stock Certificates
Loose, boxed.
1909-1923
130e
Stock Certificates, #s 251-500
1919-1923
130f
Stock Certificates, #s 751-909
1923-1940
130g
Stock transfer ledger
1889-1918
Miscellaneous Books and Ledgers
1889-1925
Book
131
H. E. Hatch memorandum book
undated
132
Profit and loss accounts of TBBC, Federal State Bank (Preston), State Bank of Richmond, and the Hyrum State Bank
1922-1928
133
Application for loan registers
1927-1928
134
Expense accounts ledger
1918-1929
135
Expense accounts ledger
1923-1928
136
Cash book
Lists properties bought from tax sales.
1923-1927
137
Estate of C. C. Amussen
1904-1910
138
Day book of the Brigham Young College
undated
139
Trust ledger
1924-1929
139a
Profit and loss record
1889-1916
139b
Profit and loss record
1916-1917
139c
Profit and loss record
1921-1928
139d
Bonds and power of attorney register
1899-1918
139e
Register, contains list of safety deposit boxes
1895-1912
139f
Hong Kong & Shanghai Banking Company band drafts
undated
139g
International Banking Corporation draft book
1907-1911
139h
Scrapbook of published statements of call dates of Cache Valley banks, commencing
December 1925

Section II::   Records of the Hyrum State Bank, 1906-1935Return to Top

Container(s) Description Dates
Book
140
General ledger
1908-1932
141
General ledger
1912-1919
142
Daily statements ledger
1928-1929.
143
Daily statements ledger
1931
144
Individual ledger
1911-1931
145
Savings ledger
1912-1931
146
Dormant accounts ledger
1919-1929
147
Daily discount register
1924-1928
148
Profit and loss report
1920-1928
149
Register of orders and checks
1926-1935
150
Stock ledger
1909-1933
150a
Stock certificates
1924-1936
151
Tickler, Farmers Utah Loan Association
1906

Section III::   Records of the West Cache State Bank, 1917-1921Return to Top

Container(s) Description Dates
Book
152
Stock ledger
1917-1921
153
Stock certificates
undated

Names and SubjectsReturn to Top

Subject Terms

  • Banks and banking--Utah--Cache County.

Corporate Names

  • Brigham Young College (Logan, Utah)
  • Hyrum State Bank (Hyrum, Utah)
  • Thatcher Brothers Banking Co. (Utah)
  • West Cache State Bank (Trenton, Utah)

Geographical Names

  • Cache Valley (Utah and Idaho)--History.
  • Hyrum (Utah)--History.
  • Logan (Utah)--History.
  • Trenton (Utah)--History.