Consolidated Insurance Agency records

Consolidated Insurance Agency records, 1921-1964

Overview of the Collection

Creator: Consolidated Insurance Agency (Wallace, Idaho)
Title: Consolidated Insurance Agency records
Dates: 1921-1964 (inclusive)
19211964
Quantity: 7 linear feet
Collection Number: MG 067
Summary: Correspondence with insurance companies and policy holders, business licenses, minutes of directors' and stockholders'meetings, tax records and other financial records of a Wallace, Idaho, agency.
Repository: University of Idaho Library, Special Collections and Archives
Special Collections and Archives
University of Idaho Library
875 Perimeter Drive
MS 2350
Moscow, ID
83844-2350
Telephone: 2088850845
libspec@uidaho.edu
Access Restrictions: Collection is open for research.
Languages: English
Sponsor: Funding for encoding this finding aid was provided through a grant awarded by the National Endowment for the Humanities.

Historical NoteReturn to Top

The Consolidated Insurance Agency was organized in 1919. The original shareholders were local business and mining men who were in a position to direct considerable business to the company. Over time, through death or removal, many shares passed to non-residents who were not in a position to assist the company.

Additionally, in the early 1960's radical changes occurred in the insurance industry. Nation-wide organizations advertising on television introduced direct selling, thus eliminating the need for local agents. The cost of insurance rose, but the commissions paid to local agents decreased. These changes resulted in a declining income for the company, while the cost of doing business increased.

With the probability that these trends would continue, the directors decided to sell the business and entered into negotiations with the Rossi Insurance Company of Wallace which purchased Consolidated in June, 1964.

Content DescriptionReturn to Top

The records of the Consolidated Insurance Agency span the years 1921 to 1964, with the bulk of the material covering the years 1958-1962.

The papers include correspondence with insurance companies and policy holders, business licenses, minutes of several directors' and stockholders' meetings, property, income and withholding tax statements, balance sheets and financial ledger sheets.

Use of the CollectionReturn to Top

Preferred Citation

[Description of Item], Consolidated Insurance Agency records, MG 67, Special Collections and Archives, University of Idaho Library, Moscow, ID

Administrative InformationReturn to Top

Arrangement

The material in this record group retains its original order. Although material was refoldered, the original folder headings, when present, were used.

The correspondence is in two sections, the first is arranged alphabetically by insurance company, the second, alphabetically by policy holder. The business records are separated by type and each is arranged chronologically. The same arrangement is used for the financial records with the exception of the three boxes of ledger sheets. The first of these boxes (#5) contains the 6 most recent years (1958-1963) and is separated by year; each year contains three sections, one is arranged alphabetically by insurance company, the second appears to be a record of rental property and is arranged alphabetically by owner, and the third contains the Accounts Receivable and other similar headings and appears to be in the order in which these items appear on the balance sheets. The second box of ledger sheets contains the earlier records but in a single sequence. The last box contains records of individual policy holders and is in alphabetical order by name of the policy holder.

Acquisition Information

The records of the Consolidated Insurance Agency of Wallace, Idaho, were donated to the University of Idaho Library by Henry L. Day, one of the directors and a major stockholder in the company, in September 1971.

Processing Note

Cancelled checks, agents' copies of policies, receipts and invoices were discarded as were duplicate copies of financial statements and mimeographed material. In all, approximately 3 c.f. of material was removed.

Detailed Description of the CollectionReturn to Top

Series I. Correspondence, 1957-1962Return to Top

Container(s)		Description	Dates
		Sub-series A. Companies	1958-1962
Box	Folder
1	1	Aetna Insurance Company 98 items	1958-1960
1	2	Aetna Insurance Company 65 items	1960-1962
1	3-4	American Insurance Group 180 items	1958-1962
1	5	American National Insurance Company 9 items	1961
1	6-7	Balfour, Guthrie & Company 84 items	1958-1962
1	8-9	Continental Insurance Company 154 items	1958-1962
1	10	Farmin Insurance Company 32 items	1958-1962
1	11-12	Farmin, Rothrock & Parrott 273 items	1957-1962
1	13	Fidelity & Deposit Company 20 items	1960-1962
1	14-15	Fireman's Fund - Automobile 364 items	1958-1962
1	16-17	Fireman's Fund - Fire 141 items	1958-1962
1	18-20	Fireman's Fund - Miscellaneous 788 items	1957-1962
1	21-22	General Insurance Company of America 231 items	1958-1962
1	23-24	Glens Falls Insurance Company 236 items	1958-1962
1	25	Great American Insurance Company 98 items	1960-1962
1	26	Hanover Insurance Company 70 items	1959-1962
1	27-28	Hartford Accident & Indemnity - Bonds 282 items	1958-1962
2	29	Hartford Accident & Indemnity - Miscellaneous 47 items	1958-1960
2	30-31	Hartford Fire - Fire 164 items	1958-1962
2	32	Hartford Fire - Miscellaneous 37 items	1958-1962
2	33	Hartford Steam Boiler 74 items	1958-1962
2	34	Holland America 10 items	1961
2	35-36	Home Insurance Company 206 items	1958-1962
2	37-40	Industrial Indemnity - Compensation 684 items	1959-1962
2	41	Insurance Company of North America 61 items	1961-1962
2	42-45	Liberty National Insurance Company 582 items	1958-1962
2	46	Minneapolis Fire & Marine Insurance Company 22 items	1958-1960
2	47	New York Underwriters Insurance Company 14 items	1958-1959
2	48	Old Colony Insurance Company 15 items	1958-1959
2	49	Oregon Mutual Insurance Company 59 items	1958-1962
2	50	Pacific Indemnity Company 13 items	1959-1961
2	51-52	Prudential Insurance Company of America 251 items	1957-1961
2	53	Springfield Insurance Companies 69 items	1958-1960
2	54	St. Paul Fire & Marine Insurance Company 33 items	1958-1959
2	55	Standard Insurance Company 10 items	1958
2	56	Sun Insurance Company 5 items	1958-1959
2	57-58	United States Fire Insurance Company 122 items	1958-1962
2	59-60	United States Fidelity & Guaranty Company 153 items	1958-1962
		Sub-series B. Individuals	1958-1963
Box	Folder
2	61-64	A-D 288 items	1958-1963
3	65-73	E-M 752 items	1959-1963
3	74	Monitor Mining Company 84 items	1946- 1959
3	75-82	N-W 362 items	1957-1962
3	83	Wallace Realty 20 items	1940- 1960
3	84	Wallace Supply Company 268 items	1943- 1961
3	85	X-Z 21 items	1961-1962

Series II. Corporation Business Records, 1943- 1964Return to Top

Container(s)		Description	Dates
Box	Folder
3	86	Licenses and Annual Statements 71 items	1952- 1963
3	87	Notices and minutes of meetings 59 items	1943- 1964
3	88	Proxy Statements 379 items	1951- 1964
3	89	Stock transfers and dividend payments 34 items	1953- 1963

Series III. Financial Records, 1921- 1964Return to Top

Container(s)		Description	Dates
Box	Folder
3	90	Property Taxes 19 items	1953- 1963
3	91	Employer's Quarterly Withholding Returns 209 items	1958- 1962
3	92	Corporate Income Tax Returns 16 items	1957-1960
3	93	Bad Accounts 14 items	1949- 1961
3	94	Salaries and commissions 12 items	1951- 1961
3	95-97	Profit and Loss Statements 28 items	1957- 1960
4	98	Check Stub Books 7 items	1959-1961
4	99	Cancelled checks, Real Estate Trust Account 34 items	1959- 1961
4	100	Journal Entry slips 1200 items	1959- 1961
5		Ledger sheets 600 items	1958- 1963
6		Ledger sheets 850 items	1921- 1958
7		Policy holder ledger sheets 800 items	1933- 1964

Archives West Finding Aid

Table of Contents