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 50 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. Special Collections and Archives Manuscript Collection
Merrill-Cazier Library Utah State University 3000 Old Main Hill Logan, UT 84322-3000 Phone: 435 797-2663 Fax: 435 797-2880 Email: scweb@usu.edu
Languages:
Collection materials are in English.
Sponsor:
Library Services and Technology Act (LSTA) grant,
2007-2008
Historical Note
In 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 Street 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 Thatchers 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 Description
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 Logans 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
Valleys 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 day book
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 Collection
Restrictions on Access : Restrictions
Open to public research.
Restrictions on Use : Copyright
It is the responsibility of the user to obtain permission to publish from the owner of
the copyright (the institution, the creator of the record, the author or his/her
transferees, heirs, legates, or literary executors). The user agrees to indemnify and
hold harmless the Utah State University Libraries, its officers, employees, and agents
from and against all claims made by any person asserting that he or she is an owner of
copyright.
Permission to publish material from the Thatcher Brothers Banking Co. records must
be obtained from the Special Collections Manuscript Curator and/or the Special Collections
Department Head.
Preferred Citation :
Thatcher Brothers Banking Co. records, 1883-1953. (COLL MSS 003) Utah State University.
Special Collections and Archives Department.
Administrative Information
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)
Thatcher Brothers Banking Company Safety Deposit BoxesCOLL MSS 175
Detailed Description of the Collection
Section I: Ledgers and records of the Thatcher Brothers
Banking Company, 1883-1953
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
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
January 1913
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.
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
(33 pages).
1
26
Drafts, on the history of TBBC, by J. Mark
Sorensen
1
27
"Logan as a Banking Center," by Frederick P.
Champ, broad cast over KSL radio, Salt Lake City
September 6, 1935
1
28
The Thatcher Brothers Banking
Company
1
29
The Banking Industry in the
Making
1
30
Untitled papers on the history of
TBBC
1
31
Press release and newspaper
article
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.
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
1889-1906
2
1906-1912
3
1913-1934
3a
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
1901-1915
5
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
1883-1884
13
1885-1886
14
1886-1888
15
1888-1889
16
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
1883-1885
24
1886-1887
25
1887-1889
26
1889-1890
Individual Ledgers
Balances and daily activity of the bank's open accounts, figures later posted
to deposit ledgers.
1890-1928
Book
27
October 1890-February
1891
28
February 1891-May
1891
29
1892, April-July
30
1893, January-April
31
1893, April-August
32
1893, August-November
33
November 1893-March
1894
34
1894, March-June
35
1894, June-September
36
1894,
September-December
37
December 1894-March
1895
38
1895, March-June
39
1895, June-September
40
1895,
September-December
41
December 1895-March
1896
42
1896, March-June
43
1896, June-September
44
1896,
September-December
45
December 1896-March
1897
46
1897, March-October
47
1897, June-October
48
October 1897-February
1898
49
1898, February-June
50
June 1898-January
1899
51
January 1899-March
1900
52
March 1900-March 1901
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)
December 1901-March
1902
60
(L-Z)
December 1901-March 1902
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
November 1906-January
1907
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)
July 1922-April 1928
72
(H-O)
July 1922-April 1928
73
(P-Z)
July 1922-April 1928
Deposit Ledgers
Balances and daily activity of the bank's open accounts, figures posted from
individual ledgers.
1883-1901
Book
74
1883-1889
75
January 1889-December
1890
76
July 1890-December
1891
77
1892
78
January 1893-March
1894
79
April 1894-June 1895
80
July 1895-July 1896
81
August 1896-April
1897
82
1897, May-December
83
1898, January-October
84
November 1898-May
1899
85
April 1899-March 1900
86
April 1900-March 1901
87
(A-K)
1901, April-December
88
(L-Z)
1901, April-December
89
Index to ledger C
Savings Ledgers
Records of savings accounts in the bank.
1883-1908
Book
90
1883-1896
91
1896-1909
92
1900-1908
93
1900-1908
94
1911-1928
95
1909-1926
96
Ledger #1, pp. 1-5999
97
Ledger #2, pp. 6000-7499.
98
Ledger #3, pp. 7500-8399.
99
Ledger #4, pp. 8400-9299.
100
Ledger #5, 9300-9919
101-03
Indexes to savings legers
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
1883-1892
107
1888-1902
108
1888-1902
109
1922-1924
110
1924-1926
111
1926-1928
112
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
1890-1894
116
1900-1904
117
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
1911-1925
126
1926-1935
Record of Escrows
1885-1927
Book
127
1885-1909
128
1907-1923
128a
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
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
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
139g
International Banking Corporation draft
book
1907-1911
139h
Scrapbook of published statements of call
dates of Cache Valley banks, commencing
