Archives West Finding Aid
Table of Contents
Consolidated Insurance Agency records, 1921-1964
- Consolidated Insurance Agency (Wallace, Idaho)
- Consolidated Insurance Agency records
- 1921-1964 (inclusive)19211964
- 7 linear feet
- Collection Number
- MG 067
- 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.
University of Idaho Library, Special Collections and Archives
Special Collections and Archives
University of Idaho Library
875 Perimeter Drive
- Access Restrictions
Collection is open for research.
- 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
[Description of Item], Consolidated Insurance Agency records, MG 67, Special Collections and Archives, University of Idaho Library, Moscow, ID
Administrative InformationReturn to Top
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.
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.
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
Sub-series A. Companies
Aetna Insurance Company
Aetna Insurance Company
American Insurance Group
American National Insurance Company
Balfour, Guthrie & Company
Continental Insurance Company
Farmin Insurance Company
Farmin, Rothrock & Parrott
Fidelity & Deposit Company
Fireman's Fund - Automobile
Fireman's Fund - Fire
Fireman's Fund - Miscellaneous
General Insurance Company of America
Glens Falls Insurance Company
Great American Insurance Company
Hanover Insurance Company
Hartford Accident & Indemnity - Bonds
Hartford Accident & Indemnity - Miscellaneous
Hartford Fire - Fire
Hartford Fire - Miscellaneous
Hartford Steam Boiler
Home Insurance Company
Industrial Indemnity - Compensation
Insurance Company of North America
Liberty National Insurance Company
Minneapolis Fire & Marine Insurance Company
New York Underwriters Insurance Company
Old Colony Insurance Company
Oregon Mutual Insurance Company
Pacific Indemnity Company
Prudential Insurance Company of America
Springfield Insurance Companies
St. Paul Fire & Marine Insurance Company
Standard Insurance Company
Sun Insurance Company
United States Fire Insurance Company
United States Fidelity & Guaranty Company
Sub-series B. Individuals
Monitor Mining Company
Wallace Supply Company
Series II. Corporation Business Records, 1943- 1964Return to Top
Licenses and Annual Statements
Notices and minutes of meetings
Stock transfers and dividend payments
Series III. Financial Records, 1921- 1964Return to Top
Employer's Quarterly Withholding Returns
Corporate Income Tax Returns
Salaries and commissions
Profit and Loss Statements
Check Stub Books
Cancelled checks, Real Estate Trust Account
Journal Entry slips
Policy holder ledger sheets
Names and SubjectsReturn to Top
- Insurance agents
- Wallace (Idaho)