Archives West Finding Aid
Table of Contents
Sherman Lead Company Records, 1918-1953
Overview of the Collection
- Creator
- Sherman Lead Company
- Title
- Sherman Lead Company Records
- Dates
- 1918-1953 (inclusive)19181953
- Quantity
- 23.5 cubic feet
- Collection Number
- MG268 (collection)
- Summary
- Minutes of meetings, annual statements, stock records, financial ledgers and journal, ore production records, personnel records, and tax records of a silver-lead mine in the Lelande Mining District of the Coeur d'Alene region of northern Idaho.
- 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 - Languages
- English
- Sponsor
- Funds for processing were provided by the National Historical Publications and Records Commission, the U.S. Department of Education HEA Title II-C "Strengthening Research Library Resources" program, the Library Associates of the University of Idaho and other donors.
Funding for encoding this finding aid was provided through a grant awarded by the National Endowment for the Humanities.
Historical NoteReturn to Top
When the Sherman Development Company found itself unable to meet a mortgage payment due on July 1, 1918, its board of directors concluded an agreement with Eugene R. Day wherein he would receive 51 percent of the company's capital stock in exchange for $153,000. Subsequently the company treasury could not produce the 1,020,000 shares of stock constituting E.R. Day's portion. Thereupon the company was reorganized.
The new firm, called the Sherman Lead Company, took over all real and personal property belonging to Sherman Development Company and issued 3.5 million shares of capital stock at a par value of twenty-five cents. Sherman Lead's board of directors were P.J. Maggy, Axel Swan, Charles McKinnis (also serving as the company's first manager), Harry R. Allen and Walter B. Heitfeld. At the first board meeting Heitfeld resigned and Eugene Day was elected to the board to become the firm's first president.
Of Eugene Day's $153,000, $100,000 went directly into the purchase of land. Eugene assigned his interest to the Tamarack & Custer Consolidated Mining Company, making Sherman Lead a subsidiary of Tamarack & Custer, which it remained for the remainder of its corporate life.
Sherman Lead held twelve patented claims and one patented millsite over 97 acres. The claims were: the Sherman, Union Fracture, Union, Bengal Tiger, Hidden Treasure, Burke-Tiger, Bullion, Oreano, Sinker, Pearl, Pearl Fracture, and Moonlight. The mill was named the Bullion.
Jerome Day was elected president of Sherman Lead in 1922, an office which he held until his death in 1942. During the earlier years the company was often strapped financially, having to borrow money to meet expenses. A fire in 1923 destroyed the company's surface structures and buildings. The mines were producing again by 1926, however, and in 1928 Sherman Lead increased its capital stock by 175,000 shares in a successful attempt to acquire the assets of Oreano Mining Company.
By 1929, after six years of development, large reserves were discovered and Sherman Lead paid its first dividend. But in the following year Sherman shut down due to low metal prices. The mine frequently reopened and closed, being completely idled for the latter half of 1931, from July 1935 to June 1936, and again in June 1938 -- but, it paid a 12-mill dividend in 1937.
The 1940s were more prosperous. By 1942 the war effort was receiving 72 percent of Sherman's total production, more than 400 tons of lead per month, and higher grade ore production had to be stopped in order to make available as much lead as possible. Dividends were paid every year from 1941-1947.
Sherman Lead's years of greatest production were 1929, 1941 (the year unions were established in its mines), and 1942. The property value of the corporation's holdings increased from $100,000 in 1918 to $3 million in 1942. During the firm's twenty-nine year history, stockholders received a total of $797,475 through 14 dividend payments.
In 1947 the Sherman Lead Company was consolidated with other Day interests to form Day Mines, Inc. The Sherman Mill, constructed near the portal of the Hercules mine in the early 1940s, operated steadily until 1942.
Content DescriptionReturn to Top
The records of the Sherman Lead Mining Company span the years 1918 to 1953, with the bulk of the material covering the years 1929 to 1947. Included are minutes of meetings, financial statements, correspondence with suppliers and stockholders, annual statements and reports to state agencies, stock ledgers and journals, cancelled stock certificates, assessment records, lists of stockholders, financial ledgers and journals, vouchers, check registers, and tax returns.
Related materials can be found in the records of the Sherman Development Company.
Administrative InformationReturn to Top
Arrangement
The records of the Sherman Lead Mining Company are divided into seven series.
The first series, Records of the Board of Directors and the Stockholders, includes minutes of meetings and annual reports.
General Correspondence and Related Records, the second series, contains three alphabetical files with correspondence with suppliers and stockholders, accident reports, assays, contracts, financial statements, ore shipment records, and reports to government agencies.
The third series is Capital Stock Records. Included are stock ledgers and journals, transfer correspondence, assessment records, and lists of stockholders. Item 330, an assessment journal also contains assessment information for Copper King, Crystal Lead, Happy Day, Imperial, Oreano, and Dayrock mines.
The fourth series, Financial Records, contains financial ledgers and journals, an appraisal of the mine and equipment, depletion and depreciation statements, financial statements, cash books, and voucher registers.
Ore Production and Shipment records in series five consist of ore records, composite summaries, and shipment assay records.
Personnel Records, the fifth series, includes payroll and other wage information, and employee time sheets and shift reports.
Tax Records, the final series, consists of material relating to unemployment compensation withholding, dividend payments, capital stock tax records, and Idaho tax records.
Removal of cancelled stock certificates, returned assessment notices, vouchers, paid checks, bank statements, and duplicate materials reduced the size of this collection by 18.5 cubic feet.
Detailed Description of the CollectionReturn to Top
Series I. Records of the Board of Directors and the Stockholders , 1918-1947Return to Top
Container(s) | Description | Dates |
---|---|---|
Box/Folder | ||
1/1-2 | Minutes |
1918-1947 |
1/3-14 | Records relating to meetings |
1918, 1922-1947 |
1/15 | Annual reports (printed) |
1929-1946 |
1/16-17 | Annual reports (typed) |
1927-1947 |
Series II. General Correspondence and Related Records , 1918-1948Return to Top
Container(s) | Description | Dates |
---|---|---|
Box/Folder | ||
2/18 | A |
1919-1941 |
2/19-24 | Accidents |
1937-1942 |
3/25 | Accounting, Classification of |
undated |
3/26 | Agreements |
1918-1923 |
3/27 | Ahlers, J.R., Metallurgist |
1940 |
3/28 | American Cyanimid Company |
1940-1941 |
3/29 | American Smelting & Refining Co. |
1930-1941 |
3/30 | Annual reports and statements |
1923-1931 |
3/31 | Assays |
1926-1940 |
3/32 | B |
1920-1941 |
3/33 | C |
1923-1941 |
3/34 | Cable, Hoisting |
1937 |
3/35 | Compressor |
1926-1929 |
3/36 | Continental Oil Company |
1928 |
3/37-40 | Contracts |
1919-1930 |
3/41 | Costs |
1929-1930 |
3/42 | Cost apportionment, Mining |
1939-1940 |
3/43 | Crusher, Symons cone |
undated |
3/44 | D |
1931-1941 |
3/45 | Day, Henry Lawrence |
1926-1941 |
3/46 | Dayrock Mining Co. |
1925-1929 |
3/47 | E |
1930-1941 |
3/48 | Equipment |
1937 |
3/49 | F-H |
1920-1941 |
3/50 | Hecla Mining Co. |
1929 |
3/51-53 | Hercules bills |
1927-1932 |
3/54 | Hercules Mining Co. |
1929-1940 |
3/55 | Hoist |
1929-1938 |
3/56 | Humming Bird Mining Co. |
1925-1932 |
3/57 | I |
1930-1941 |
3/58 | Idaho, University of |
1936-1938 |
3/59 | Insurance, Accident |
1937-1941 |
3/60 | Insurance, State Insurance Fund |
1937-1945 |
3/61 | Idaho Mining Association |
1928-1938 |
3/62 | Idaho, State of |
1918-1930 |
3/63 | J |
1921-1941 |
3/64 | Jig tests by R.D. MacAfee |
1939 |
3/65 | K-M |
1925-1941 |
3/66 | Labor, U.S. Department of |
1937-1939 |
3/67 | Lead Industries Association |
1937-1941 |
3/68 | Leases |
1927-1937 |
3/69 | Marsh Mines Consolidated |
1919 |
3/70 | McGuigan, Philip T. |
1928-1937 |
3/71 | Minerals Separation North American Corp. |
1940 |
3/72 | Montana Power Company |
1928-1937 |
3/73 | N |
1923-1941 |
3/74 | National Industrial Information Committee |
1940 |
3/75 | Nordberg Manufacturing Co. |
1941 |
3/76 | O |
1929-1941 |
3/77 | Oliver United Filters, Inc. |
1940 |
3/78 | Oreano Mining Company |
1927-1941 |
3/70-80 | Ore, Carbonate |
1930-1940 |
4/81 | Ore, Carbonate, Mining |
1929-1939 |
4/82-83 | Ore settlements, East Helena Smelter ASARCO |
1941 |
4/84 | P |
1928-1941 |
4/85 | Premium affidavits |
1945-1948 |
4/86 | Premium affidavits, Vic Seminza lease |
1945-1946 |
4/87 | Premium records |
1945-1947 |
4/88 | Press-Times Publishing Co. |
1931-1937 |
4/89 | R |
1928-1940 |
4/90 | Reports and maps |
1925-1926 |
4/91 | Reports, Progress |
1927-1941 |
4/92 | Reports, Miscellaneous |
1940 |
4/93 | Reports, Timekeeper's |
1928-1929 |
4/94 | Rock raise |
1929 |
4/95 | S |
1919-1939 |
4/96 | Scales |
1940 |
4/97 | Seattle Mining Exchange |
1934 |
4/98 | Sherman Development Co. |
1920-1922 |
4/99 | Shoshone Credit Association, hired & quit |
1937-1941 |
4/100 | St. Joseph's Orphanage, Slickpoo, Idaho |
1941 |
4/101-102 | Statements, Financial |
1928-1939 |
4/103 | Standard Stock Exchange |
1934 |
4/104 | Summary, Monthly |
1928 |
4/105 | T |
1922-1941 |
4/106 | Tax, Capital Stock |
1920-1916 |
4/107 | U |
1926-1941 |
4/108 | U.S. Bureau of the Census, Bureau of Mines |
1928-1941 |
4/109 | U.S. Internal Revenue Service |
1922-1929 |
4/110 | U.S. Department of Labor, Wage and Hour Division |
1941 |
4/111 | U.S. Office of Production Management |
1941 |
4/112 | U.S. War Production Board, Quotas, Metallic premium payment |
1942-1945 |
4/113 | V-Z |
|
4/114 | A |
1942-1945 |
4/115-118 | Accidents |
1943-1945 |
5/119 | American Smelting & Refining Co. |
1942-1945 |
5/120 | ASARCO crude carbonate ore schedule |
1939 |
5/121 | Anaconda Copper Mining Co. |
1937 |
5/122 | B |
1942-1944 |
5/123-124 | Bond fund, Employee |
1942-1946 |
5/125 | Bunnell, Everett C. |
1943 |
5/126 | By-laws |
1918-1929 |
5/127 | C |
1942-1946 |
5/128 | Contract, Hercules |
1940 |
5/129 | Contract, Wilson & Geo. Meyer & Co., soda ash |
1942 |
5/130 | Cresylic acid |
1941-1942 |
5/131 | D |
1942-1943 |
5/132 | Dredge fund |
1943 |
5/133 | E |
1942-1945 |
5/134 | Employment, Quits and reasons |
1942-1943 |
5/135 | F-I |
1942-1945 |
5/136 | Idaho Mining Association |
1942-1945 |
5/137 | Idaho. Division of Industrial Hygiene. Dust study |
1942 |
5/138 | Idaho. Inspector of Mines |
1943 |
5/139 | Insurance, Accident |
1942 |
5/140 | Insurance, Idaho Compensation Co. |
1945 |
5/141 | Insurance, State Insurance Fund |
1942-1945 |
5/142 | International Mine, Mill and Smelter Union Workers |
1942-1945 |
6/143 | J-L |
1942-1945 |
6/144 | Labor recruitment, San Francisco |
|
6/145 | Labor, C.I.O. grievance cases |
1941-1943 |
6/146 | Lease: Union vein, Vic Smenza |
1946 |
6/147 | M |
1942-1945 |
6/148 | Maps |
1928-1929 |
6/149 | Mill |
1940-1941 |
6/150 | Minerals Separation North America Corporation |
1942 |
6/151 | N-O |
1941-1946 |
6/152 | Northern Pacific Railway Co. |
1919 |
6/153 | Oliver United Filters, Inc. |
1942 |
6/154 | P |
1941-1945 |
6/155 | Payroll |
1942-1943 |
6/156 | Prints, Sherman Mill |
|
6/157 | Priorities |
1941 |
6/158 | Q-R |
1942-1944 |
6/159 | Reports, Accident |
1942-1946 |
6/160 | Reports, Miscellaneous |
1942 |
6/161 | Reports, Production |
1942-1946 |
6/162 | Reports, Progress |
1942-1946 |
6/163 | Retroactive wages paid |
1943-1946 |
6/164 | S |
1941-1946 |
6/165 | Shoshone Credit Association |
1941-1946 |
6/166 | Silicosis waiver, Badgley |
1944 |
6/167 | Soldiers, Request for release |
1943 |
6/168 | Standard Stock Exchange |
1942 |
6/169-173 | Statements, Financial |
1927-1930; 1940 |
6/174 | T |
1942-1946 |
6/175 | Tamarack and Custer Consolidated Mining Co. |
1918-1930 |
6/176 | Tax, Capital stock |
1945 |
6/177 | Testing |
1941 |
6/178 | Timbers |
1933-1938 |
6/179 | Tunnel rental |
1937-1938 |
6/180 | U |
1942-1945 |
6/181 | Unemployment Compensation Division, Industrial Accident Board |
1942-1944 |
6/182 | U.S. Bureau of Mines form 6-953 |
1941-1945 |
6/183 | U.S. Bureau of Mines, Federal Explosives Act licenses |
1942-1945 |
6/184 | U.S. Internal Revenue Service |
1941-1944 |
6/185 | U.S. Dept. of Labor, Bureau of Labor Statistics |
1942-1945 |
6/186 | U.S. Office of Price Administration |
1942-1945 |
6/187 | U.S. Office of Defense Transportation |
1942 |
6/188 | U.S. Nonferrous Metals Commission |
1942-1943 |
6/189 | U.S. Nontaxable bonus income, Excess profits tax |
1944-1945 |
6/190 | U.S. Treasury Dept. Foreign dividend checks and silver affidavits |
1940-1942 |
7/191 | U.S. War Department, Headquarters Northern Security District |
1943-1944 |
7/192 | U.S. War Production Board |
1942-1943 |
7/193-194 | U.S. War Production Board, Purchasing Quotas |
1942-1944 |
7/195 | U.S. War Production Board, Construction Machinery Board |
1942 |
7/196 | U.S. War Manpower Commission |
1943 |
7/197 | V-W |
1942-1944 |
7/198 | Vacations |
1941-1942 |
7/199 | Vein |
1928; 1941 |
7/200 | Wages |
1937-1941 |
7/201 | Western Union Mining Co. |
1929 |
7/202 | X-Z |
1943 |
7/203 | A |
1946-1947 |
7/204 | Anaconda Copper Mining Co., Ore contract |
1930 |
7/205 | ASARCO |
1946-1947 |
7/206 | B-C |
1946-1948 |
7/207 | Contracts, Hospital |
1927-1944 |
7/208 | D-R |
1945-1947 |
7/209 | Reports, Accident |
1946-1948 |
7/210 | Reports, Office of Price Administration, annual and quarterly |
1942-1946 |
7/211 | Reports, Production |
1946-1948 |
7/212 | Reports, Progress |
1946-1948 |
7/213 | S |
1946-1947 |
7/214 | Shoshone Credit Association |
1947 |
7/215 | Silicosis waiver, L.J. Doyle |
1942 |
7/216-217 | Statements, Financial |
1946-1947 |
7/218 | T-Z |
1946-1947 |
7/219 | Tax, Annual return of income |
1942-1946 |
7/220 | Trucks |
1945-1947 |
7/221-222 | Union of Mine, Mill and Smelter Workers |
1941-1946 |
7/223 | War Production Board, Quota Commission |
1942-1947 |
7/224 | Miscellaneous: Annual Report, Idaho |
1931-1948 |
7/225 | Annual Statement |
1932-1948 |
7/226 | Seattle Curb Exchange, Tacoma Stock Exchange |
1918-1929 |
7/227-229 | Securities and Exchange Commission application for permanent registration |
1935-1947 |
7/230 | Securities and Exchange Commission reports |
1943-1946 |
7/231 | Spokane Stock Exchange registration |
1934-1935 |
7/232 | U.S. Bureau of Mines |
1943-1947 |
Series III. Capital Stock Records , 1919-1947Return to Top
Container(s) | Description | Dates |
---|---|---|
Box/Folder | ||
8/233 | Stock ledger |
1919-1928 |
8/234 | Stock ledger |
1927-1938 |
9/235-236 | Stock ledgers |
1928-1946 |
10/236-238 | Transfer stockholders ledgers |
1940-1947 |
10/239-241 | Stock journals |
1919-1941 |
11/243-251 | Transfer correspondence, A-F |
1919-1945 |
11/252 | First National Bank |
1928-1941 |
11/253-255 | Ford, Frank D. |
1928-1945 |
11/256 | G |
1925-1945 |
11/257-259 | Gibson, E.J. & Co. |
1925-1945 |
11/260-261 | H |
1920-1945 |
11/262 | Howarth, Chester J. |
1925-1940 |
11/263 | Howarth, James F. |
1935-1945 |
11/264-265 | I-K |
1926-1941 |
12/266 | L |
1930-1945 |
12/267 | Logan & Bryan |
1928-1938 |
12/268-269 | M |
1927-1941 |
12/270 | McAllister, Harry C. |
1922-1941 |
12/271 | N |
1927-1945 |
12/272 | Nicholas, William A. |
1920-1945 |
12/273 | O |
1937-1941 |
12/274 | O'Brien, Tom J. |
1929-1942 |
12/275 | P |
1928-1945 |
12/276-279 | Pennaluna and Company |
1925-1945 |
12/280 | Pohlman, L.S. & Company |
1922-1934 |
12/281-282 | Preston & Raef |
1929-1945 |
12/283 | R |
1930-1941 |
12/284 | Rothrock, F.M. |
1925-1941 |
12/285-291 | S-W |
1919-1945 |
12/292 | Wallace Bank & Trust Company |
1929-1937 |
12/293 | Whaley, A.A. |
1930-1937 |
12/294 | Y-Z |
1920-1926 |
13/295-300 | Transfer correspondence: A-F |
1940-1947 |
13/301-302 | Ford, Frank D. |
1942-1947 |
13/303 | First National Bank |
1940-1946 |
14/304 | G |
1943-1945 |
14/305-308 | Gibson, E,J, |
1942-1947 |
14/309-310 | H |
1941-1947 |
14/311 | I-L |
1942-1946 |
14/312 | Lavigne, Edwin & Co. |
1942-1947 |
14/313 | M |
1942-1947 |
14/314-315 | Merrill Lynch, Pierce, Fenner, & Beane |
1942-1947 |
14/316 | N |
1942-1947 |
14/317 | O |
1944-1947 |
14/318 | O'Brien, J. Tom, Co. |
1942 |
14/319 | P-R |
1942-1947 |
14/320-321 | Pennaluna & Co. |
1942-1947 |
14/322-323 | Preston & Raef |
1942-1947 |
14/324-325 | S |
1942-1947 |
14/326-327 | Standard Securities Corporation |
1942-1947 |
14/328 | T-Z |
1942-1947 |
14/329 | Washington Trust Company |
1942-1947 |
os/330 | Assessment journal |
1925-1927 |
15/331-335 | Assessments 1-7 |
1925-1927 |
os/336 | Dividend record |
1930-1947 |
os/337 | Correspondence relating to dividends |
1930-1947 |
os/338 | Lists of stockholders |
1922-1947 |
Series IV. Financial Records , 1919-1947Return to Top
Container(s) | Description | Dates |
---|---|---|
Box/Folder | ||
os/339 | General ledger number 1 |
1919-1927 |
os/340 | Ledger |
1928-1947 |
os/341 | General ledger transfer |
1928-1944 |
os/342 | General journal number 1 |
1919-1926 |
os/343 | General journal number 2 |
|
os/344 | Transfer expense ledger |
1941-1945 |
os/345 | Expense ledger |
1946-1947 |
os/346 | Appraisement by General Appraisal Co. |
1946 |
os/347 | Depletion |
1929-1947 |
os/348 | Depreciation statements |
1940-1947 |
os/349-350 | Financial statements |
1923-1930 |
os/351 | Net profit statements |
1928-1930 |
os/352 | Cash book |
1928-1933 |
os/353 | Cash book |
1941-1947 |
os/354-357 | Voucher registers |
1926-1947 |
Series V. Ore Production and Shipment Records , 1928-1947Return to Top
Container(s) | Description | Dates |
---|---|---|
Box/Folder | ||
os/358 | Ore record |
1928-1947 |
17/359-361 | Monthly composite summaries |
1946-1947 |
17/361a | Shipment assay record |
1927-1930 |
Series VI. Personnel Records , 1918-1947Return to Top
Container(s) | Description | Dates |
---|---|---|
Box/Folder | ||
17/362 | Payrolls |
1918-1919 |
17/363 | Retroactive wages paid for 1942 |
|
17/364-365 | Employee payrolls |
1943 |
18/366-371 | Administrative payroll and related records |
1942-1947 |
18/372-383 | Employee time sheets |
1942 |
19/384-415 | Employee time sheets |
1943-1947 |
20/416-438 | Shift reports |
1928-1930 |
21/439-442 | Shift reports |
1937 |
21/443-444 | Daily summaries |
1929-1930 |
22/445 | Daily summaries |
1931 |
22/447-460 | Shift reports and summaries |
1938-1942 |
23/461-472 | Shift reports and summaries |
1942-1945 |
24/473-478 | Shift reports and summaries |
1945-1946 |
Series VII. Tax Records , 1921-1948Return to Top
Container(s) | Description | Dates |
---|---|---|
Box/Folder | ||
24/479-484 | Records relating to unemployment compensation withholding |
1942-1947 |
24/485 | Return of income tax withheld on wages |
1943-1947 |
24/486 | Summary of reports of dividend payments |
1945 |
24/487 | Capital stock tax records |
1921-1945 |
24/488 | Idaho tax records |
1931-1948 |
Names and SubjectsReturn to Top
Subject Terms
- Lead mines and mining -- Idaho -- Coeur d'Alene Mining District -- History -- Sources
- Mining corporations -- Records -- Idaho -- Coeur d'Alene Mining District
- Silver mines and mining -- Idaho -- Coeur d'Alene Mining District -- History -- Sources
Corporate Names
- Sherman Lead Company