First National Bank of Wallace Records, 1892-1949

Overview of the Collection

Creator
First National Bank Of Wallace, Idaho
Title
First National Bank of Wallace Records
Dates
1892-1949 (inclusive)
Quantity
26 cubic feet
Collection Number
MG015 (collection)
Summary
Correspondence, 1901-1909, and financial ledgers. Also, deeds, agreements, correspondence, and other legal and financial papers filed in the building's vault prior to 1891.
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.

Historical NoteReturn to Top

The Wallace branch of the Agency Bank of Murray, under the direction of Charles Hussey, opened in 1887, and shortly before it failed in 1890 it changed its name to the Bank of Wallace. Patrick Clark of the Poorman Mine, along with several others, purchased all the assets of the bank except the building, and opened the Coeur d'Alene Bank on January 10, 1891. In July 1892 Horace Davenport was the bank's cashier.

The First National Bank of Wallace was organized on August 8, 1892 by Frank F. Johnson, Henry White, Horace M. Davenport, Richard Wilson, and Charles E. Bender. Other directors, besides Johnson and White, were Charles W. O'Neil, R.R. Neill, Richard Wilson, and Albert Johnson. The bank, which took over the building formerly occupied by the Hussey bank,, was the first national bank organized in Shoshone County. Several banks had been started in Wallace, but by 1893 the First National Bank was the only bank operating. It remained without competition until Bernard O'Neil started the State Bank of Commerce in 1904. M.J. Flohr, who had been connected with the bank since 1895, succeeded Davenport as cashier in 1903 and later became president of the bank.

The First National Bank continued to operate as an independent bank until 1972 when it became a branch of the newly organized First National Bank of North Idaho.

Content DescriptionReturn to Top

The records of the First National Bank of Wallace span the years 1892 to 1949, with the bulk of the material covering the years 1892 to 1935.

The records include incoming correspondence, a variety of financial ledgers, and personal papers which were deposited in the vault of the Bank of Murray and not claimed by their owners when the bank folded.

Several sets of journals, most notably the Reconcilements of Accounts and Computation of Reserve, have gaps in dates caused by missing volumes. Also, there is no correspondence for 1907.

Administrative InformationReturn to Top

Arrangement

The material in this record group divides easily into three series, correspondence, bound volumes, and Bank of Murray vault items.

The correspondence is all incoming and is arranged chronologically. Most letters deal with routine deposits and withdrawals, although a 1905 letter from Senator Weldon B. Heyburn discusses the need for a new hotel in Wallace.

The bound volumes were listed on an inventory, therefore it was easy to keep them in their original order. They include general ledgers, cash books, balance books, warranty registers, teller's cash books, bills receivable ledgers, reconcilement of accounts books and computation of reserve records. Most individual journals are arranged chronologically with the exception of the draft registers which are arranged by the bank drawn on; this accounts for the overlapping dates of the journals. Each register is in two volumes, one containing banks in New York and Chicago, and the other the remaining banks across the country. Another item in this series is a bundle of purchaser's applications for three different types of traveler's checks, American Express, American Banker's Association, and National City Bank of New York.

Since the vault material is not part of the First National Bank records it was placed at the end of the collection. It contains items such as mining deeds, powers of attorney, promissory notes, and correspondence which was apparently placed in the vault of the Bank of Murray for safe keeping and not called for when the bank closed its doors. When Frank Johnson opened his bank in the same building several years later he found these items. They are arranged alphabetically by the name on the envelope in which the material was originally deposited.

Acquisition Information

The early records of the First National Bank of Wallace were donated to the University of Idaho library in 1962 by former bank president M.J. Flohr.

Separated Materials

The only materials removed from the collection were an unused cash book and a September 1910 copy of Bradstreets.

Bibliography

Aldrich, Clara Elizabeth. History of Banking in Idaho. Thesis (MBA). Seattle, University of Washington, 1940

Barrett, Glen. Idaho Banking. Boise, Boise State University Press, 1976

Illustrated History of North Idaho. s.l., Western Historical Publishing, 1903

Detailed Description of the CollectionReturn to Top

Series I. Correspondence , 1901-1909Return to Top

Container(s) Description Dates
Box/Folder
1/1
1 item
1901
1/2
43 items
1902
1/3
69 items
1903
1/4
53 items
1904
1/5
68 items
1905
1/6
124 items
1906
1/7
2 items
1908-1909

Series II. Bound Volumes , 1892-1949Return to Top

Container(s) Description Dates
Box/Folder
os/8-25
General Ledgers
18 items
1892-1938
os/26-48
Cash Books
23 items
1892-1913
os/49-58
Balance Books
10 items
1892-1939
os/59-66
Collection Registers
8 items
1892-1917
os/67-87
Draft Registers
21 items
1892-1907
os/88
Warrants and Securities
1 item
1906-1949
os/89-91
Warranty Registers
3 items
1906-1924
os/92-105
Bills Receivable
14 items
1892-1945
os/106-123
Teller's Cash Books
18 items
1903-1934
os/124-139
Reconcilement of Accounts
16 items
1904-1940
os/140-142
Computation of Reserve to be carried with the Federal Reserve Bank by all member banks not located in reserve or central reserve cities
3 items
1920-1929
os/143
Ledger: Account with Capitol State Bank, Boise, 1903-1906; List of new and closed accounts, 1910-1914
1 item
os/144-146
Clearances
3 items
1907-1916
os/147
Purchaser's Applications for Travelers Checks
500 items
1924-1926

Series III. Bank of Murray Vault Items , 1882-1890Return to Top

Container(s) Description Dates
Box/Folder
2/148
Baker, J.D. and P. Foley. Contract
1 item
1884
2/149
Baldwin, Bruce and Brundage. Promissory Notes
25 items
1886
2/150
Barroll, E.R. and J.R. Marks. Agreement
1 item
1888
2/151
Bartlow, Isadore H. Deeds
2 items
1885
2/152
Beeman, Nelson. Correspondence & Financial items
3 items
1884
2/153
Bennington, J. & Ed Zeiger. Agreement
1 item
1885
2/154
Boss, James E. Deed
1 item
1888
2/155
Brill, Alfred. Legal Notices
2 items
1886
2/156
Burke, John M. Promissory Note
1 item
1886
2/157
Byrnett, G. Stock Certificates
29 items
1884
2/158
Byrnet, George N. Legal & Financial Papers
4 items
1884
2/159
Calavan, James. Agreement
1 item
1885
2/160
Campbell, A.R. Deed
1 item
1884
2/161
Chase, J.F. Sargent Affidavit
1 item
1887
2/162
Clark, Charles. Receipt
1 item
1888
2/163
Cole, D.M. Deed & Power of Attorney
2 items
1884
2/164
Cooper, John vs. N.S. Kellogg. Deeds
4 items
1886
2/165
Cunningham, Samuel. Correspondence & Financial
3 items
1882
2/166
Davis, W.R. Agreement
2 items
1884
2/167
Denver, W. McK. & Sylvanius Collett. Deed
1 item
1884
2/168
Downs, John. Financial
1 item
1885
2/169
Doyle, W.E. Insurance Receipt
1 item
1887
2/170
Everson, Louis, Power of Attorney
1 item
1886
2/171
Finn, Dan. Financial Correspondence
1 item
188-
2/172
Hanley, T.F. Bond of Clarence Cunningham
1 item
1888
2/173
Harris, W.E. Deed
1 item
1885
2/174
Hathaway, C.M. Promissory Note
1 item
1884
2/175
Herrman, John. Location Notices
5 items
1885-1886
2/176
Hogan, Thomas S. Deed
1 item
1886
2/177
Jackson, Charles. Deeds
7 items
1887-1890
2/178
Johnson, Robert J. Stock Certificate
1 item
1888
2/179
King, William. Receipt
1 item
1884
2/180
Klein, Eugene. Vernon Notes
7 items
1884-1885
2/181
Levi, Alexander B. Power of Attorney
1 item
1884
2/182
Linn, A. Agreements
2 items
1884
2/183
Lowe, R.R. Deed
2 items
1884
2/184
McDonald, Davis & Williamson. Financial
22 items
1884
2/185
McLelland, T.E. Bond
2 items
1885
2/186
Mead, Charles. Deeds
8 items
1889-1890
2/187
O'Brien, D. Deed
1 item
1890
2/188
Parker, William. Correspondence
21 items
1884-1885
2/189
Porter, W.J. Agreement
1 item
1885
2/190
Ryal, John C. Deeds
8 items
1884-1885
2/191
Scofield, A.L. Letter from George H. Knight
1 item
1890
2/192
Scowden, Leo A. Stock Certificate & Deed
1 item
1886-1887
2/193
Scrofford, A.D. Promissory Note
1 item
1884
2/194
Stevens, James & W.T. Dolman. Contract
1 item
1884
2/195
White, G.W. Deeds
9 items
1884

Names and SubjectsReturn to Top

Subject Terms

  • Banks and banking--Idaho--Wallace--History--Sources

Corporate Names

  • First National Bank of Wallace (Idaho)