Archives West Finding Aid
Table of Contents
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)18831953
- 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
CopyrightIt 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.