Union Mortgage Loan Company Records, 1898-1942, 1949
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Summary Information

Title: Union Mortgage Loan Company Records
Inclusive Dates: 1898-1942
Inclusive Dates: 1949

Creator:
  • Union Mortgage Loan Company
Call Number: Eau Claire Mss AR

Quantity: 45.0 c.f. (90 archives boxes and 16 flat boxes)

Repository:
Housed at the Area Research Center, William D. McIntyre Library, University of Wisconsin-Eau Claire; owned by the Wisconsin Historical Society, Division of Library, Archives, and Museum Collections

Archival Locations:
COLLECTION MAY BE STORED OFF-SITE: see catalog entry to request materials and for additional information.
UW-Eau Claire McIntyre Library / Eau Claire Area Research Ctr. (Map)

Abstract:
Records of the Union Mortgage Loan Company, a financial institution located in Eau Claire, Wisconsin, that did nearly all of its business in northern Wisconsin, North Dakota, and eastern Montana. The company made loans to farmers in return for first mortgages on the farm property and subsequently sold these mortgages to individual investors. It also bought and sold farm lands, acted as trustee for bond issues of local government units and private companies, and occasionally made loans on city property in Eau Claire. Hence the records document agricultural credit, farming conditions, and capital formation in the regions where the company did business. The collection also includes substantial personal data on the individuals to whom it lent money and on the physical characteristics of the property it accepted as security. 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 in 1905 through a period of expansion in the properous 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.

Language: English

URL to cite for this finding aid: http://digital.library.wisc.edu/1711.dl/wiarchives.uw-whs-ec00ar
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