Antelope County Building and Loan Association [RG3537.AM]

HISTORY NEBRASKA MANUSCRIPT FINDING AID

RG3537.AM:  Antelope County Building and Loan Association (Elgin, Nebraska)

Records:  1923-1947

Elgin, Antelope County, Nebraska:  Building and Loan Association

Size:  1.0 cu.ft.; 2 boxes & 1 oversize volume

BACKGROUND NOTE

Articles of Incorporation for the Antelope County Building and Loan Association at Elgin, Nebraska, were filed with the Antelope County Clerk on October 8, 1923.  The purpose of the association was to raise money to be loaned amongst its members.  The initial officers of the association included George N. Seymour, president; Ray Swanson and George Gribble, vice-presidents; Henry B. McCampbell, secretary; and R.C. Huffman, treasurer.  Business of the association was conducted by a board of nine directors, elected by the members.

Financial instability of the Great Depression soon made the association insolvent and it was unable to meet requests for withdrawals without preferring creditors.  Several dedicated directors struggled to keep the association going, hoping they could restore solvency to the association by no longer taking a salary.  By November 30, 1940, the association had paid all outstanding bills and taxes and had enough money to pay a 5% liquidating dividend to members.  But, due to real estate prices at the time, the association decided to continue.  It wasn’t until a members meeting held on October 3, 1946, that the membership voted to liquidate and close the association.

SCOPE AND CONTENT NOTE

This collection consists of records of the Antelope County Building and Loan Association.  The records date from 1923 to 1947 and include articles of incorporation and bylaws, correspondence, and various financial records.  The first folder of governance documents includes one or two sets of meeting minutes.

INVENTORY

Box 1

Folder

1. 1. Governance documents, 1923-1946 (includes articles of incorporation, bylaws, meeting minutes, etc.)

1. 1. Correspondence, 1928-1946

1. 1. Financial journal, 1923-1947

1. 1. Trial balance sheets, 1923-1932

1. 1. Account ledger, ca. 1923-1933

1. 1. Account ledger, 1923-1947 (see oversize)

1. 1. Federal Hardware & Implement Mutuals insurance policy

1. 1. John G. Bauer loan

1. 1. Elmer Markley loan

1. 1. T.E. and Edith Wyman loan

Box 2

Folder

1. 1. Stock certificate books

1. 1. Members’ pass books and miscellany

Subject headings:

Antelope County (Nebraska) — Businesses

Antelope County Building and Loan Association (Elgin, Nebraska)

Elgin (Nebraska) — Businesses

Savings and loan associations — Nebraska

DDS/cr                 08-07-1970

Revised TMM      06-15-2018