Union Mortgage Loan Company Records, 1898-1942, 1949

Scope and Content Note

The Union Mortgage Loan Company records are divided into the following series: ADMINISTRATIVE SUBJECT FILE, 1903-1942, 1949; CORRESPONDENCE, 1910-1942; FINANCIAL AND ACCOUNTING RECORDS, 1907-1942; LOANS, 1905-1942; RENTALS, 1898-1942; and BOND ISSUES, 1900-1942. The first three series relate to all facets of the company's interests while the latter three concern specific lines of business. The records as a whole provide a detailed picture of the affairs of a financial institution of moderate size. They trace the company from its formation through a period of expansion in the prosperous 1910's and 1920's, and are particularly strong in documenting the business's failure in the Depression, its reorganization, and the first years of the tedious liquidation process. The files from the 1930's not only show the impact of the Depression on the company's business but also illustrate the resultant implications for company officials, clients, and creditors. The LOANS and RENTALS series provide information on agricultural conditions and farm life in northern Wisconsin, eastern Montana, and North Dakota, and the BOND ISSUES document investment opportunities and capital formation in Eau Claire and northwestern Wisconsin.