Archives West Finding Aid
Table of Contents
State Bank of Commerce, Wallace, Idaho Records, 1901-1911
Overview of the Collection
- Creator
- State Bank of Commerce, Wallace, Idaho
- Title
- State Bank of Commerce, Wallace, Idaho Records
- Dates
- 1901-1911 (inclusive)19011911
- Quantity
- 34 cubic feet
- Collection Number
- MG050 (collection)
- Summary
- Ledgers and correspondence of the State Bank of Commerce and its predecessor, the Bank of Commerce, including letters between bank president Bennett F. O'Neil, Idaho governor James H. Brady, and Senator William E. Borah regarding Republican Party activities in 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
- Funding for encoding this finding aid was provided through a grant awarded by the National Endowment for the Humanities.
Biographical NoteReturn to Top
The State Bank of Commerce, successor to the Bank of Commerce organized in 1901, was organized May 1, 1903. Its officers were Bennett F. O'Neil, president, Thomas L. Greenough, vice president, Maurice H. Hare, cashier, and Charles Z. Seelig, assistant cashier. Additional directors were Albert Burch, Ewan McIntosh, August Paulsen, and G. Scott Anderson who was also a director of the Lane Lumber Company. Later E.S. Wyman succeeded Hare as cashier and in July 1906 Harry L. Day, a major depositor in the bank--the Day family interests had a total of 12 different accounts--joined the board of directors.
The bank was suspended in May 1911 following O'Neil's unsuccessful campaign for governor. A combination of campaign expenses, bad investments and excessive borrowing--on the closing date of the bank his indebtedness comprised 70% of the bank's total loans--depleted the bank's reserves and he was unable to honor depositors' demands when they began withdrawing their money. The bank was turned over to the state bank commissioner and Harry L. Day was named trustee, thus giving him physical control of the bank's records. He asked Bland & Wilson Accountants of Spokane to go over the books and prepare a report. They concluded the failure was due to "excessive and dishonest financing of the personal enterprises of B.F. O'Neil, President and G. Scott Anderson, Director, aided and abetted by E.S. Wyman, Cashier," and also "the abstraction of funds for the private use of B.F. O'Neil."
Content DescriptionReturn to Top
The papers of the State Bank of Commerce span the years 1901 to 1911. They include correspondence and bound financial volumes. In addition to the routine bank correspondence there is also personal correspondence of bank president, B.F. O'Neil, relating to investments and his activities in the Republican Party. Among his frequent correspondents are Governor James H. Brady and William E. Borah. Also included is an early treasurer's book for the town of Wallace, Idaho.
The correspondence is widely scattered, leaving large gaps in the sequence. Several volumes listed on the original inventory were missing at the time of processing. These include one Auxiliary Book, one Trial Balance Book April 1910 to 1911, two Balance Ledgers, 1901-1902 and May 1905 to 1906, one Teller's Cash Book March 1904 to June 1906, and one Closed and Transferred Accounts book. Several volumes not on the original list were with the records, and it is possible the missing volumes were misidentified originally.
Administrative InformationReturn to Top
Arrangement
The foldered correspondence, which includes both incoming and outgoing letters and telegrams, was originally arranged first alphabetically, then chronologically by year only. In order to make the collection more useable the correspondence was further separated by month, but no attempt was made to put material in strict chronological order. The letterbooks of outgoing correspondence are in chronological order.
There is a second set of letterbooks labeled "Statements" which contain letterpress copies of bank statements sent to depositors; these were placed at the beginning of the second series.
The remaining bound volumes include stock certificates, Auxiliary Records, Savings Ledgers, books listing valuable papers intrusted to the bank and include the agreements between the bank and the depositor, ledgers of individual accounts, and other financial volumes necessary for record keeping.
Some volumes from the original Bank of Commerce form their own series. These were separated from the State Bank of Commerce records because of their uniform small size and paper binding.
One final volume is the 1890-1897 Town of Wallace Treasurer's Book. This item appears on the original inventory received with the papers so was retained with the collection. Another volume which appeared on the original inventory, an account book of the Wallace Press, was transferred to the Day Mines, Inc. Collection, an unprocessed manuscript group, which also contains Wallace Press Times records. (MG 310)
Several volumes have been water damaged, and the handwriting in others is fading. Many of the volumes are labeled as exhibits for either plaintiff or prosecution in the criminal investigation which followed the failure of the bank.
Acquisition Information
The records of the State Bank of Commerce, Wallace, Idaho, were donated to the University of Idaho library by Henry L. Day in November 1968.
Separated Materials
One box of deposit slips, 2 boxes of debit and credit slips, and one box of bank statements and canceled checks were removed from the collection. In all the records were reduced by two cubic feet.
Bibliography
Barrett, Glen. Idaho Banking. Boise, Boise State University Press, 1976.
Bland & Wilson, Accountants. "Report on Investigation of State Bank of Commerce, Wallace, Idaho. January 12, 1912. (Papers of Harry L. Day in an unprocessed manuscript group, Day Mines, Inc., Special Collections Library, University of Idaho.) (MG318)
Illustrated History of North Idaho. s.l., Western Historical Publishing Company, 1903.
Detailed Description of the CollectionReturn to Top
Series I. Correspondence , 1901-1911Return to Top
Container(s) | Description | Dates |
---|---|---|
Box/Folder | ||
1/1-2 | A 200
items
|
1907-1909 |
1/3-9 | B 1245
items
|
1906-1909 |
1/10 | Baker Clothing, Wardner, Idaho
37
items
|
1907 |
1/11 | Bankers National Bank, Chicago
13
items
|
1906-1907 |
1/12 | Boise City National Bank, Boise,
Idaho 7
items
|
1907 |
1/13 | Borah, William E. 17
items
|
1907-1909 |
1/14 | C 108
items
|
1901-1902 |
1/15-23 | C 1278
items
|
1905-1910 |
1/24 | Clark, W.A. and Brother, Bankers
6
items
|
1907 |
2/25 | D 58
items
|
1901-1902 |
2/26 | D 130
items
|
1905-1906 |
2/27 | E 65
items
|
1901-1902 |
2/28-29 | F 213
items
|
1901-1902 |
2/30 | G 76
items
|
1901-1902 |
2/31 | G 79
items
|
1907-1908 |
2/32-33 | K 162
items
|
1907-1911 |
2/34 | M 232
items
|
1908 |
2/35-37 | N 464
items
|
1906-1910 |
2/38 | National Bank of Commerce, New
York City 122
items
|
1906-1907 |
2/39 | P 118
items
|
1908 |
2/40-41 | S 385
items
|
1908-1909 |
2/42 | Y 11
items
|
1910 |
2/43 | Returned letters for which there
are no folders 4
items
|
1908-1909 |
2/45-48 | Letterbooks 4
items
|
1901-1902 |
3/49-53 | Letterbooks 5
items
|
1902-1909 |
Series II. Bound Volumes , 1901-1911Return to Top
Container(s) | Description | Dates |
---|---|---|
Box/Folder | ||
3/54-58 | Letterbooks: Statements
5
items
|
1901-1907 |
4/59-65 | Letterbooks: Statements
7
items
|
1907-1911 |
os/66 | Stock Journal 1 item
|
1903-1908 |
os/67 | Stock Certificate Book
1 item
|
1903-1909 |
os/68-88 | Auxiliary Records 21
items
|
1903-1911 |
os/89-91 | Savings Ledgers 3
items
|
1908-1910 |
os/92-97 | Escrows and Valuable Papers in
Trust 6
items
|
1901-1910 |
os/98-104 | Reconcilement of Accounts
7
items
|
1902-1910 |
os/105-111 | Trial Balance Books 7
items
|
1902-1910 |
os/112-124 | Cash Books 13
items
|
1902-1911 |
os/125 | Teller's Cash Book 1 item
|
September 1902-February 1904 |
os/126-128 | Daily Balance Ledgers
3
items
|
1901-1905 |
os/129-133 | Individual Account Ledgers
5
items
|
1906-1911 |
os/134-135 | Individual Account Balance
Ledgers 2
items
|
1905-1906 |
os/136-137 | Individual Account Transfer
Ledgers 2
items
|
1906-1911 |
os/138 | Drafts, Cashiers Checks and
Deposits Ledger 1 item
|
1906-1911 |
os/139 | Accounts Claimed, Indirect
Deposits Ledger 1 item
|
1910-1911 |
os/140-142 | Ledgers: Accounts with other
Banks 3
items
|
1906-1912 |
os/143 | Current Liability Ledger
1 item
|
1905-1912 |
os/144 | Transfer Liability Ledger
1 item
|
1907-1910 |
os/145-146 | Closed and Transferred Accounts
2
items
|
undated |
os/147 | Discounted Bills Register
1 item
|
1901-1908 |
os/148-149 | Unidentified Accounting Books
2
items
|
1906-1911 |
os/150 | Certificate of Deposit Register
1 item
|
1901-1905 |
os/151 | General Ledger 1 item
|
1904-1905 |
os/152 | Unidentified Journal 1 item
|
January-March 1909 |
os/153 | Detailed Account of State Bank of
Commerce Account with Lane Lumber Company 1 item
|
December 1902 to May 1911 |
os/154 | Deeds, Mortgages, etc.
22
items
|
1906-1911 |
Series III. Other Records from Bank of Commerce , 1901-1902Return to Top
Container(s) | Description | Dates |
---|---|---|
Box/Folder | ||
os/155-156 | Cash Books 2
items
|
April 1901-January 1903 |
os/157-158 | Counter Books 2
items
|
April 1901-June 1902 |
os/159 | Debts 1 item
|
January 1902-December 1902 |
os/160 | Shoshone County Warrants Paid
1 item
|
1902-1903 |
os/161 | Journal 1 item
|
April 1901-August 1902 |
os/162 | Ledger 1 item
|
April 1901-August 1902 |
Series IV. Non-bank Records , 1890-1897Return to Top
Container(s) | Description | Dates |
---|---|---|
Box/Folder | ||
os/163 | Town of Wallace Treasurer's Book
1 item
|
1890-1897 |
Names and SubjectsReturn to Top
Subject Terms
- Banks and banking--Idaho--Wallace--History--Sources
- Idaho--Politics and government--Sources
Personal Names
- Borah, William Edgar, 1865-1940
- Brady, James H.
- O'Neill, Bennett F.
Corporate Names
- Bank of Commerce (Wallace, Idaho)
- Republican Party (U.S. : 1854- )--Idaho
- State Bank of Commerce (Wallace, Idaho)