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RG-T: Treasurer's Office Records 1847-1980 Inglês
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RG-T: Treasurer's Office Records 1847-1980

  • US US-IaGG Archives/RG-T
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Items in the Treasurer's Office record group span the years 1847-1980.  Records from the 19th Century (Series 1 and 4) consist chiefly of ledgers, journals, and donor lists.

Prior to 1887 the college had no office force, and a Trustee served as Treasurer (without salary). Several local bankers serves as treasurers and auditors during the Gates' administration, The first salaried Treasurer was H. H. Robbins.

H. H. Robbins, 1869, was Secretary and Treasurer of Iowa College 1887-1906, and was a Trustee 1890-1906. Prior to 1887 he was a Congregational minister and a railroad engineer. He was the son of Iowa Band Member A. B. Robbins, who was the first president of the Board.

H. W. Somers, 1882, became Business Manager and Secretary in 1907. His duties were to direct the financial and accounting system of the college and to direct fund raising. In 1916 his title changed to Secretary and Treasurer, and Louis Pyelps became Business Manager. Somers served until 1919.
Louis Phelps came as Business Manager in 1916, was college Treasurer 1919-1949. He was Secretary of the Grinnell College Foundation 1917-ca. 1954. Prior to coming to Grinnell he was a construction engineer, and was involved in construction of the women’s quadrangle 1914-1916.

Rupert Hawk, Treasurer, 1949-1956
Charles Kaufman served as Accountant 1942-1956 and as Treasurer 1956-1966
Donald Lambie, Treasurer, 1966-1972
Robert Anderson, Treasurer, 1972-1988
Waldo Walker, Treasurer, 1988-1990
David Clay, Treasurer, 1990-

From about 1913 to 1940 the college expanded its facilities dramatically.  Louis Phelps, College Treasurer 1919-1949, and Grinnell College Foundation Secretary 1917-ca.1954, preserved most of the papers which expedited the financing and construction of the dormitories and a few other buildings during this period.  Series 3-5 are from his files.

Providing on-campus dormitores for students was a new phenomenon in the early part of the twentieth century, and financing their construction called for considerable ingenuity.  Grinnell was a pioneer in this, and other colleges and universities studied the example.  One officer of the General Education Board, a Rockefeller philanthropy which contributed significantly to the College, praised President Main for pioneering in the social and educational experiment; another officer feared that war or pestilence might create serious problems in dormitories (RG-T, Ser. 3.4, folder 2, Phelps to Arnett, 6/22/30),.  The College Trustees created Grinnell College Foundation to raise the funds.  Details of their activities are in Series 6 and Series 3.4 of this record group.  Dormitory construction records are in Series 4.

Part of the financing involved owning, managing, and selling farms and other real estate.  Correspondence between Mr. Phelps and the farmers and farm managers (in series 5) records on a day-to-day basis the myriad problems farmers faced during the 1920s and 30s in the midwest.  Text books describe the agricultural situation, but this correspondence brings home what it was like to live and cope with falling market prices, crop diseases, pernicious weather patterns, and personal tragedies.  The correspondence includes such details as building and equipment repairs; livestock sales; plant and animal diseases; when to castrate the pigs; planting windbreaks; inability to get crops to market because of muddy roads; government farm assistance programs; trial planiting of the new hybrid corn seed.  Phelps was involved in all of these details.

Bills receivable and payable

v. 1 Notes and bills receivable, Mar. 1851 - Aug. 1879 (7.5" x 10.5"); Notes and bills payable, Sept. 1854 - June 1878 (7.5" x 10.5") v. 2 Notes and bills, 1859-1869 (12" x 5") v. 3 Bills Receivable, ca. 1871 - 1904. Bills receivable, June 1871 - Oct. 1904; Bills receivable--Memorial, Jan. 1871 - Dec. 1883 v. 4 Notes and bills receivable April 1914- Dec. 1930; Notes and bills payable April 1914- Dec. 1930 v.5 Notes and bills receivable Feb. 1914- Dec. 1927; Notes and bills payable Feb. 1914- Dec. 1927 Bills receivable and payable for later years are on microfilm, RG-T Ser. 1.6

Old Specific Funds Ledger Sheets

Ledger for 1921-1925: Arranged by fund. Typewritten index cites page number within the records of a particular fund. Types of funds: Faculty Chair funds; Prize funds; Library; Loan funds: memorial funds: Scholarship funds; Trusts. Ledger for 1921-1942 (starts about half-way through film): Arranged by type of fund then by individual fundl. Types of funds: Endowments subject to annuity; Endowments unrestricted; Chair funds; Loan funds: Library: Loan funds: Prize funds: Scholarship funds: Special funds and memorials. Funds Ledger 1925-1939 (starts about 80% of the way through the film). Arranged by fund. Includes records of college-owned real estate; investments; annuity payments; deferred salaries, accounts receivable, bills payable, departmental equipment, loan funds, bank transactions departmental equipment fund expenses; accounts receivable; loan funds.

Ledger. Endowment Funds and Trust & Endowment Funds

Endowment Funds, 1942-1951.  Arranged by fund and account.  Accounts and fund include Grinnell State Bank; bonds; stocks; memorial funds; scholarship funds; college-owned farm income and expenditures; college-owned city property income and expenditures; campus buildings; Grinnell Foundation investment; loans; mortgages; professorships, library funds; scholarships; prizes; special trusts; memorial funds; annuities. Trust & Endowment Funds, 1942-1950.  Arranged in 5 sections.  Section 1 not labeled but primarily consists of Younker Truist.  Section 2 not labeled but primarily consists of Darby Trust. Section 3 labeled Current Funds, includes various cash accounts; student loan funds; accounts receivable; various inventories; farms; accounts payable; etc.  Section 4 labeled Endowment Funds, includes cash; bonds; stocks; mortgages, real estate contracts and inventories; dormitories; scholarships; restricted endowments; annuities; farm income; etc.  Section 5 labeled Plant

Ledgers and Registers

Ledger. College-Owned Properties in Grinnell, 1938-1939. Includes income and expenditures for 17 college-owned properties in Grinnell, arranged alphabetically Also includes accounts receivable from 13 individuals, arranged alphabetically by name. Grinnell College Stock and Bond Register, 1956. Major portion of register is stocks, one page per stock. Last portion is in sections labeled Pooled Bonds; Pooled Stocks; Specific Stocks; Specific Bonds; Younker; Darby; Student Auditor. Financial Records, 1945-1950. ( Begins ca. 1/3 of way into film.) Arranged by account. Includes accounts receivable; various inventories (e.g. foods, housekeeping, athletics, bookstore, etc.); Lennox Foundry; accounts payable; current revenues; current expenditures; student loan funds; bonds; annuities; mortgages; inventories (e. g. grams, city property, dorm equipment); reserves; gains and losses; prizes; mortgages payable; restricted endowments; annuities; real estate income; interest on dorm mortgages. Records of Drafts Drawn - Journal, 1956-1962. (Begins ca. 1/2 way into film). Arranged by fund, then chronologically. Funds are: Current general funds, Dec. 1956-Dec. 1962; Endowment/trust fund, Jan. 1957-Dec. 1962; Grinnell Development fund, 1958-1962; Norris Hall construction, 1959-1960; Younker, 1956-1962

Grinnell College Foundation and Payroll

Grinnell College Foundation Transfer Ledger, 1914-1926. Arranged by fund. Index, lists contents but no page numbers. Entries include: Bills payable; bills receivable, mortgage bonds; Burchard property operating account; cash; accounts with various banks; men's dormitories; Davis porperty; Dibble property; Emmet County farm; Felt farms; James property; Jones property; Truman property; records for other college-owned real estate; President's house. Grinnell College Foundtaion Journal, 1916-1941. (Begins ca. 1/3 into roll). Arranged alphabetically by fund. Index, lists contents but no page numbers. A few funds are entered for a number of years in this volume, and for other years in Grinnell College Foundation Transfer Ledger. Entries include: Bills payable; bills receivable; cash from various banks; Dibble property; Emmet County farm; mortgage bonds; James property; Law property; Men's dorms; Noble land; President's house; Quadrangle buildings; Serial mortgage bonds; Truman property. (Journal for 1914-1917, the original paper copies, are in RG-T, Ser. 6.4) Iowa College Foundation Bond Register. Series B-F, 1914-1924. (Begins ca. 2/3 into film). Arranged by bond series, then chronologically by date of sale of bond. Bonds sold to finance dormitory construction. Lists name of purchaser of each bond, amount and maturity date of bond, dates of coupon pauments. Grinnell College Pay Roll Book, 1921-1931. (Begins ca. 4/5 into film). Arranged chronologically 1921-1927; arranged by college section then chronologically 1022-1931. College sections (latter half of the book) include: Quadrangle and dormitories; Buildings & grounds; instructional salaries.

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