Thatcher Brothers Banking Co. records

Thatcher Brothers Banking Co. records, 1880-1970

Overview of the Collection

Title: Thatcher Brothers Banking Co. records
Dates: 1880-1970 (inclusive)
18801970
Quantity: 178 volumes, (35 linear feet)
Collection Number: UUS_COLL MSS 003
Summary: Minute books, dividend books, cashbooks, general and individual deposit ledgers, discount registers, general balances, records of escrow, outstanding cashier's checks, and other records created by Thatcher Brothers Banking Co. during its fifty-year history. Correspondence files are absent. Also includes records for the West Cache State Bank of Trenton, Utah, (1917-1923) and the Hyrum State Bank of Hyrum, Utah, (1911-1935). Other books show dealings of the bank as trustees for the Brigham Young College in the sale of the college's 10,000-acre endowment farm.
Repository: Utah State University, Merrill-Cazier Library, Special Collections and Archives Division
Special Collections & Archives
Merrill-Cazier Library
Utah State University
Logan, UT
84322-3000
Telephone: 4357978248
Fax: 4357972880
scweb@usu.edu
Access Restrictions: Open to public research.
Languages: English.
Sponsor: Library Services and Technology Act (LSTA) grant, 2007-2008

Historical NoteReturn to Top

n 1883, Logan, Utah's first bank was formed through a partnership between George W. Thatcher Sr., Moses Thatcher Sr., H. E. Hatch, W. D. Hendricks, S. T. Josselyn, and W. A. Rossiter, who organized the Thatcher Brothers & Company Banking with $58,500 in capital. Restructuring occurred within the bank in 1889, when it changed its name to Thatcher Brothers Bank Company (TBBC) and had $100,000 in capital. Within a year, the bank built a large brick structure for $70,000 dollars on Center and Main Streets of Logan (the current location of the Wells Fargo Building). This new building housed the Thatcher Brothers Banking Company on its lower levels and the Thatcher Opera House on its two upper floors. From 1889 to 1913, the Thatcher Brothers Banking Company acted as trustee for the sale of endowment lands from the Brigham Young College in Logan. With Moses Thatcher's involvement in the bank, and his status as an apostle for the Church of Jesus Christ of Latter-day Saints, some people perceived the Thatcher Brothers Banking Company as a "Mormon bank." In response, a gentile-operated bank, the First Security Bank of Logan, opened in competition to the Thatcher's in 1892. Thereafter a number of banks opened in Cache Valley, such as the Hyrum State Bank (1908), the State Bank of Richmond (1908), and the West Cache Bank (1915). With the death of George W. Thatcher in 1902, H. E. Hatch became acting president of the Thatcher Brothers Banking Company until the 1930s.

Misfortune struck at 5:00 pm on April 17, 1912 when the Thatcher Bank caught fire, consuming the entire structure. Although this was the end of the Thatcher Opera House, temporary quarters were arranged to continue banking. By 1915, a new $150,000 building was erected on the site of the burned structure. With business continuing, the Thatcher Brothers Banking Company took over the assets and liabilities of the West Cache State Bank in 1922. Financial difficulties from the agricultural depression of the 1920s hurt the banking industry in Cache Valley, and in 1928 the First Security Corporation acquired ownership of the Thatcher Brothers Banking Company, the State Bank of Richmond, and the Hyrum State Bank. In 1933, the Thatcher Brothers Banking Company changed its name to the First Security Bank of Logan.

Sources:

Mss Collection 3: Thatcher Brothers Banking Company records, box 1, Fds 25-31.

Mss Collection 43: The Cache Valley Historical Society papers, box 2, Book 2.

Content DescriptionReturn to Top

This collection consists of the financial records of the Thatcher Brothers Banking Company, the Hyrum State Bank, West Cache Bank, and the First Security Bank of Logan. The collection consists of nearly 170 ledgers and three boxes of various papers, which contain financial information on Logan's first bankers George W. Thatcher Sr. and Moses Thatcher Sr. In addition, since the Thatcher Bank was the only bank in Cache Valley from 1883-1892, these records contain extensive financial information on Cache Valley's residents and businesses during this time period. Although boxes 1 and 2 (and many of the ledgers) in this collection contain correspondence, researchers should also see COLL MSS 47: George W. Thatcher, Sr. Papers, which contain a substantial amount of early business correspondence for the Thatcher Brothers Banking Company.

This collection is organized into three sections section I (the majority of the collection) contains records from the Thatcher Brothers Banking Company, section II contains 13 ledgers from the Hyrum State Bank, and section III contains two stock ledgers related to the West Cache Bank. Boxes 1-3 contain incoming and outgoing correspondence, bank employee payroll, historical information about the bank, small ledgers, account books, deeds (one relating to the Brigham Young College, Logan), and various other papers. The ledgers contain a record of the minutes of the board of directors, daily transactions, savings accounts, stock purchases, safety deposit boxes, deeds, power of attorney, outstanding loans, and other various books, such as a daybook connected to the Brigham Young College (Bk .138). Although boxes 1-3 and the ledgers from section I primarily contain materials connected to the Thatcher Brothers Banking Company, they also contain a small amount of material from other Cache Valley banks.

Use of the CollectionReturn to Top

Restrictions on Use

It is the responsibility of the researcher to obtain any necessary copyright clearances.

Permission to publish material from the Thatcher Brothers Banking Co. records must be obtained from the Special Collections and Archives manuscript curator and/or the Special Collections and Archives department head.

Preferred Citation

Thatcher Brothers Banking Co. records, 1883-1953. (COLL MSS 003) Utah State University. Special Collections and Archives Department.

Administrative InformationReturn to Top

Arrangement

Organized in 3 sections:

I. Ledgers and records of the Thatcher Brothers Banking Company;
II. Records of the Hyrum State Bank;
III. Records of the West Cache State Bank.

Acquisition Information

The materials contained in this collection were donated by the officers of First Security Bank during the years of 1970-1973.

Related Materials

Thatcher Brothers Banking Company photographs(P0230)

Moses Thatcher, Sr. papers COLL MSS 022

Moses Thatcher home photographs(P0223)

Thatcher Family papers COLL MSS 093

Thatcher Family photographs(P0023)

Hezekiah Sumner Hatch Family Papers COLL MSS 305.

Lorenzo Hill Hatch papers COLL MSS 070

Thatcher Brothers Banking Company Safety Deposit Boxes COLL MSS 175

Detailed Description of the CollectionReturn to Top

Section I: Ledgers and records of the Thatcher Brothers Banking Company, 1883-1953Return to Top

Container(s)		Description	Dates
		Papers of Thatcher Brothers Banking Company	1883-1953
Box	Folder
1	1	Outgoing correspondence	1916-1962
1	2	Incoming correspondence, A-Z	1907-1937
1	3	Incoming correspondence from the International Banking Corporation	1839-1913
1	4	Incoming correspondence of the First Security Bank, Logan	undated
1	5	Correspondence of J. Mark Sorensen concerning the history of TBBC	1970
1	6	Employee payroll For bank employees.	1909
1	7	Employee payroll	1910
1	8	Employee payroll	1911
1	9	Employee payroll	1912
1	10	Employee payroll	1913
1	11	Employee payroll	1914
1	12	Employee payroll	1915
1	13	Employee payroll	1916
1	14	Employee payroll	1917
1	15	Employee payroll	1918
1	16	Timecard of J. E. Hatch	1913 January
1	17	Directors roll	1899-1901
1	18	Papers concerning the purchase of assets of the First Security Bank of Hyrum	1931
1	19	Bank licenses of operation	1931 and 1938
1	20	TBBC souvenir statement	1922
1	21	A Record of Achievement, report of Cache Valley boy scouts, compliments of TBBC	1922
1	22	Savings balance papers	1927-1929
1	23	Miscellaneous papers, stock lists, bank financial status, forms, tracts, ect.	undated
1	24	Roster of officers of the TBBC and the FSB	1883-1967
1	25	History of the Thatcher Brothers Banking Company and Logan Office of the First Security Bank of Utah, National Association, by Annie E. Peterson, a former employee	undated
1	26	Drafts, on the history of TBBC, by J. Mark Sorensen	undated
1	27	"Logan as a Banking Center," by Frederick P. Champ, broad cast over KSL radio, Salt Lake City	1935 September 6
1	28	The Thatcher Brothers Banking Company	undated
1	29	The Banking Industry in the Making	undated
1	30	Untitled papers on the history of TBBC	undated
1	31	Press release and newspaper article	undated
2	1	Account book of S. W. Hendricks	1897-1903
2	2	Account book of S. W. Hendricks, collector	1900-1903
2	3	Certificate of deposit, stubs	1921-1924; 1927-1928
2	4	Indenture document concerning the sale of TBBC to First Security Bank of Hyrum	1931
2	5	Hyrum State Bank papers, correspondence (one letter, 1915), financial status, loose papers, etc	1915
3	1	Minutes and reports of TBBC stockholders meetings	1890; 1912; 1928-1934; 1936
3	2	"Depositors in Thatcher Bank during its first year of business" Contains a list of names of first depositors.	undated
3	3	Deed Concerns the Brigham Young College, Logan, and the TBBC's duty as trustee.	1892
3	4	Legal document stating rights of TB & C in the Utah Territory	1888
3	5	Legal agreement to sell land to complete a deed	1902
3	6	Official document from the Secretary of State	1930
3	7	Deed of Indenture with Cache Knitting Works Bond	1933
		Minutes of the Board of Directors	1889-1953
book
1		Minutes of the Board of Directors	1889-1906
2		Minutes of the Board of Directors	1906-1912
3		Minutes of the Board of Directors	1913-1934
3a		Minutes of the Board of Directors	1908-1920
3b		Thatcher Brothers Banking Company Book also contains minutes from Hyrum State Bank 1920-1923, First Security Bank of Hyrum 1928-1933, and Valley Development Company 1934-1936.	1934-1940
3c		Minutes of Cache Valley banks	1917-1953
		Dividend Books	1901-1933
book
4		Dividend Books	1901-1915
5		Dividend Books	1915-1933
		General Ledgers Record of the bank's overall transactions in savings, loans, and demand deposits.	1883-1916
book
6		Book A	1883-1889
7		Book B	1890-1896
8		Book C	1898-1903
9		Book D	1904-1908
10		Book E	1909-1912
11		Book F	1913-1916
		Cash Books Contains daily financial transactions from the bank, figures later posted to general ledgers.	1883-1928
book
12		Cash Books	1883-1884
13		Cash Books	1885-1886
14		Cash Books	1886-1888
15		Cash Books	1888-1889
16		Cash Books	1889-1890
17		Teller's individual blotter	1891-1892
18		Daily ticker	1896
19		Ticker	1905
20		Account book (ticker)	undated
21		Certificates of deposit ledger	1890-1891
22		Certificates of deposit ledger	1892-1928
		Daily Balances Ledgers Contains balances and daily activity of the bank's open accounts, succeeded by individual ledgers.	1883-1890
book
23		Daily Balances Ledgers	1883-1885
24		Daily Balances Ledgers	1886-1887
25		Daily Balances Ledgers	1887-1889
26		Daily Balances Ledgers	1889-1890
		Individual Ledgers Balances and daily activity of the bank's open accounts, figures later posted to deposit ledgers.	1890-1928
book
27		Individual Ledgers	1890 October-1891 February 1891
28		Individual Ledgers	1891 February-May
29		Individual Ledgers	1892 April-July
30		Individual Ledgers	1893 January-April
31		Individual Ledgers	1893 April-August
32		Individual Ledgers	1893 August-November
33		Individual Ledgers	1893 November - 1894 March
34		Individual Ledgers	1894 March-June
35		Individual Ledgers	1894 June-September
36		Individual Ledgers	1894 September-December
37		Individual Ledgers	1894 December-1895 March
38		Individual Ledgers	1895, March-June
39		Individual Ledgers	1895 June-September
40		Individual Ledgers	1895 September-December
41		Individual Ledgers	1895 December-1896 March
42		Individual Ledgers	1896 March-June
43		Individual Ledgers	1896 June-September
44		Individual Ledgers	1896 September-December
45		Individual Ledgers	1896 December-1897 March
46		Individual Ledgers	1897 March-October
47		Individual Ledgers	1897 June-October
48		Individual Ledgers	1897 October-1898 February
49		Individual Ledgers	1898 February-June
50		Individual Ledgers	1898 June-1899 January
51		Individual Ledgers	1899 January-1900 March
52		Individual Ledgers	1900 March-1901 March
53		(A-K)	1901, March-June
54		(L-Z)	1901, March-June
55		(A-K)	1901, June-September
56		(L-Z)	1901, June-September
57		(A-K)	1901, September-December
58		(L-Z)	1901, September-December
59		(A-K)	1901 December-1902 March
60		(L-Z)	1901 December-1902 March
61		(A-K)	1902, March-June
62		(L-Z)	1902, March-June
63		(A-K)	1902, June-September
64		(L-Z)	1902, June-September
65			1906 November-1907 January
66			1914, January-March
67			1914, April-July
68			1914, July-September
69		(A-K)	1914, October-December
70		(L-Z)	1914, October-December
71		(A-G)	1922 July-1928 April
72		(H-O)	1922 July-1928 April
73		(P-Z)	1922 July-1928 April
		Deposit Ledgers Balances and daily activity of the bank's open accounts, figures posted from individual ledgers.	1883-1901
book
74		Deposit Ledgers	1883-1889
75		Deposit Ledgers	1889 January-1890 December
76		Deposit Ledgers	1890 July-1891 December
77		Deposit Ledgers	1892
78		Deposit Ledgers	1893 January-1894 March
79		Deposit Ledgers	1894 April-1895 June
80		Deposit Ledgers	1895 July-1896 July
81		Deposit Ledgers	1896 August-1897 April
82		Deposit Ledgers	1897, May-December
83		Deposit Ledgers	1898, January-October
84		Deposit Ledgers	1898 November-1899 May
85		Deposit Ledgers	1899 April-1900 March
86		Deposit Ledgers	1900 April-1901 March
87		(A-K)	1901, April-December
88		(L-Z)	1901, April-December
89		Index to ledger C	undated
		Savings Ledgers Records of savings accounts in the bank.	1883-1908
book
90		Savings Ledgers	1883-1896
91		Savings Ledgers	1896-1909
92		Savings Ledgers	1900-1908
93		Savings Ledgers	1900-1908
94		Savings Ledgers	1911-1928
95		Savings Ledgers	1909-1926
96		Ledger #1, pp. 1-5999	undated
97		Ledger #2, pp. 6000-7499.	undated
98		Ledger #3, pp. 7500-8399.	undated
99		Ledger #4, pp. 8400-9299.	undated
100		Ledger #5, 9300-9919	undated
	book
		Indexes to savings legers	undated
104		Record of savings balances	1880-1892
105		Record of savings balances	1905-1908
		Discount Ledgers Record of money paid on outstanding loans.	1883-1932
book
106		Discount Ledgers	1883-1892
107		Discount Ledgers	1888-1902
108		Discount Ledgers	1888-1902
109		Discount Ledgers	1922-1924
110		Discount Ledgers	1924-1926
111		Discount Ledgers	1926-1928
112		Discount Ledgers	1929, January
113		Collection book	1920-1929
114		Collection book	1925-1932
		General Balances Contains the balances and payments by Thatcher Brothers Banking Company with other financial institutions.	1888-1936
book
115		General Balances	1890-1894
116		General Balances	1900-1904
117		General Balances	1904-1907
118		Daily statements	1901-1904
119		Daily statements	1904-1906
120		Daily statements	1908-1911
121		Average balances with corresponding banks	1925-1936
122		Exchange register	1930-1931
123		National reconcilement register	1931
124		Remittances	1888-1893
		Outstanding Cashiers Checks	1911-1935
book
125		Outstanding Cashiers Checks	1911-1925
126		Outstanding Cashiers Checks	1926-1935
		Record of Escrows	1885-1927
book
127		Record of Escrows	1885-1909
128		Record of Escrows	1907-1923
128a		Record of Escrows	1913-1924
129		Escrow deeds	1917-1927
		Stock Ledgers	1889-1940
book
130a		Stock Certificates, #s 1-250	1889-1904
130b		Stock Certificates, #s 251-500	1904-1911
130c		Stock Certificates, #s 501-725	1911-1918
130d		Stock Certificates Loose, boxed.	1909-1923
130e		Stock Certificates, #s 251-500	1919-1923
130f		Stock Certificates, #s 751-909	1923-1940
130g		Stock transfer ledger	1889-1918
		Miscellaneous Books and Ledgers	1889-1925
book
131		H. E. Hatch memorandum book	undated
132		Profit and loss accounts of TBBC, Federal State Bank (Preston), State Bank of Richmond, and the Hyrum State Bank	1922-1928
133		Application for loan registers	1927-1928
134		Expense accounts ledger	1918-1929
135		Expense accounts ledger	1923-1928
136		Cash book Lists properties bought from tax sales.	1923-1927
137		Estate of C. C. Amussen	1904-1910
138		Day book of the Brigham Young College	undated
139		Trust ledger	1924-1929
139a		Profit and loss record	1889-1916
139b		Profit and loss record	1916-1917
139c		Profit and loss record	1921-1928
139d		Bonds and power of attorney register	1899-1918
139e		Register, contains list of safety deposit boxes	1895-1912
139f		Hong Kong & Shanghai Banking Company band drafts	undated
139g		International Banking Corporation draft book	1907-1911
139h		Scrapbook of published statements of call dates of Cache Valley banks, commencing	December 1925

Section II:: Records of the Hyrum State Bank, 1906-1935Return to Top

Container(s)	Description	Dates
book
140	General ledger	1908-1932
141	General ledger	1912-1919
142	Daily statements ledger	1928-1929.
143	Daily statements ledger	1931
144	Individual ledger	1911-1931
145	Savings ledger	1912-1931
146	Dormant accounts ledger	1919-1929
147	Daily discount register	1924-1928
148	Profit and loss report	1920-1928
149	Register of orders and checks	1926-1935
150	Stock ledger	1909-1933
150a	Stock certificates	1924-1936
151	Tickler, Farmers Utah Loan Association	1906

Section III:: Records of the West Cache State Bank, 1917-1921Return to Top

Container(s)	Description	Dates
book
152	Stock ledger	1917-1921
153	Stock certificates	undated

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