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)
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

Names and SubjectsReturn to Top

Subject Terms

  • Insurance agents

Geographical Names

  • Wallace (Idaho)