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TABLE OF CONTENTS


Descriptive Summary

Historical Note

Scope and Content Note

Restrictions

Index Terms

Administrative Information

Description of Series

Letterpress Books

Loan Registers

Financial Ledgers

University of Texas San Antonio

A Guide to the H. P. Drought and Company Records, 1883-1966



Descriptive Summary

Creator: H. P. Drought and Company
Title: H. P. Drought and Company Records
Dates: 1883-1966
Creator Abstract: Henry Patrick Drought was born in 1858 in County Clare, Ireland. He eventually settled in San Antonio, Texas to take the Bar examination and establish a law practice. Drought became the attorney for Francis Smith, Caldwell and Company, the San Antonio branch of an investment firm that acted "as a financial liaison between Texas farmers and ranchers seeking money to expand their land and agriculture operations, and British and Scottish financiers who had money to lend and were looking for greater returns on their investments than European markets could." Drought purchased the company with Francis Smith, and after Smith's retirement, the company came to be known as H. P. Drought and Company. Under his guidance, the company became one of the most successful investment firms in San Antonio. Prior to his death, Drought's son, Henry Patrick Drought, Jr., became a partner.
Content Abstract: The collection consists of mortgage investment records made between the company and local and international investors from 1884 to 1969. These records include financial ledgers, correspondence, abstracts of title, and contracts documenting mortgage and loan transactions. Of note are descriptions of property and the names of investors, landowners, and businesses in San Antonio, Texas.
Identification: MS 69
Extent: 24 linear feet (about 18,000 items)
Language: Materials are in English.
Repository University of Texas at San Antonio Libraries Special Collections

Historical Note

Henry Patrick Drought was born in 1858 in County Clare, Ireland. When he was seven years old, his family relocated to London, Canada. He graduated from Toronto University. His first experience in Texas was as a member of a land surveying party which he partook in shortly after graduation. He eventually settled in San Antonio, Texas to take the Bar examination and establish a law practice.

Drought became the attorney for Francis Smith, Caldwell and Company, the San Antonio branch of an investment firm that was run by Francis Smith, Drought's eventual partner. The company acted "as a financial liaison between Texas farmers and ranchers seeking money to expand their land and agriculture operations, and British and Scottish financiers who had money to lend and were looking for greater returns on their investments than European markets could."

Though it was originally founded under the name Francis Smith, Caldwell and Company, Francis Smith would ultimately buy out his original partner and rename the company "Francis Smith and Co." with H. P. Drought as a co-partner. In 1900, Francis Smith retired and H.P Drought became sole owner of the company, which he renamed H. P. Drought and Company. Under his guidance, the company became one of the most successful investment firms in San Antonio. Prior to his death, Drought's son, Henry Patrick Drought, Jr. became a partner. He became the managing partner upon his father's death in 1917.

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Scope and Content Note

The H. P. Drought and Company Records consists of mortgage investment records made between the company and local and international investors from 1884 to 1969. This records include financial ledgers, correspondence, abstracts of title, and contracts documenting mortgage and loan transactions. Of note are descriptions of property and the names of investors, landowners, and businesses in San Antonio, Texas. The collection is arranged into three series: Letterpress Books, Loan Registers, and Financial Ledgers.

The Letterpress Books date from 1884 to 1930 and contain copies of outgoing letters bound in books. The volumes are divided into General Letters, Investor Letters and Opinions. Volumes in General Letters are arranged chronologically and volumes of Investor Letters are arranged alphabetically by first word of company. The Opinion Letters include title and legal opinions. The General and Investor letters cover topics about loans, land sales, descriptions of land, economic conditions, character references, and statements or reports of the financial status of particular companies.

The Loan Register volumes date from1883 to 1966 and consist of volumes recording individual loans made first by Francis Smith, Caldwell & Company and later by the H.P Drought Company, to assignees on behalf of several investors. Most of the investors are British, but there some American companies as well. The volumes are arranged in chronological order. Since both the former company – Smith and the latter company – Drought, had business with various investors, the Registers are usually grouped according to investor. When possible, the name of the company associated with a particular volume is listed. Within each volume, the loans are listed by date of note. In most volumes, there is an alphabetical index, in the beginning, linking assignee names with loan numbers. The information on each loan register includes name and address of the borrower, the name of the lender/investor, the date, amount and interest of the loan, and a record of payments. Occasionally correspondence is inserted into the pages.

The Financial Ledger series contains ledgers, a collection register and a note register. There are seven numbered company ledgers dating from 1897 to 1941 (#1 is missing), one volume dated 1904-1905, and two volumes dating 1943-1962. These volumes list various account balances, salaries and commissions. The Collection Register, 1924-1959, lists dates of when principal and interest payments were received on various loans. The Note Register, 1919-1956, lists dates when principal and interest payments were due and to whom the notes were sent.

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Restrictions

Access Restrictions

This collection is housed at UTSA's Main Campus and must be accessed via the John Peace Library Special Collections reading room. To request access, please use the Collections Request Form.

Use Restrictions

Permission to publish materials from the Drought Company Papers must be obtained from University of Texas at San Antonio Libraries Special Collections.

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Index Terms

Personal Names
Drought, Henry P.
Organizations
H.P. Drought and Company--Archives.
Alliance Trust Co. Ltd.
American Freehold Land Mortgage Co.
Francis Smith, Caldwell and Company--Archives.
U.S. Mortgage Co. of Scotland.
Subjects
Business records--Texas--San Antonio.
Loans--Texas.
Mortgages--Texas.
Real estate listings--Texas--San Antonio.
Real property--Texas--San Antonio.
Locations
Texas--History--Sources.
Genres/Formats
Financial records.
Correspondence.
Legal documents.
Local Subjects
Business
San Antonio History
Urban Development and Growth

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Administrative Information

Preferred Citation

[Identification of item], H. P. Drought and Company Records, 1883-1966, MS 69, University of Texas at San Antonio Libraries Special Collections.

Acquisition Information

Received as a gift from Thomas Drought in December 1988 (Acc. 1988-002).

Processing Information

Processed by Jose Javier Franco Garza, Library Assistant II, 2004, and Gerrianne Schaad, Head of University of Texas at San Antonio Libraries Special Collections, 2005.

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Detailed Description of the Collection

 

Letterpress Books

Letterpress books in this series date from 1884 to 1930 and contain copies of outgoing letters bound in books. The volumes are divided into General Letters, Investor Letters and Opinions. Volumes in General Letters are arranged chronologically and volumes of Investor Letters are arranged alphabetically by first word of company. The Opinion Letters include title and legal opinions. The General and Investor letters cover topics about loans, land sales, descriptions of land, economic conditions, character references, and statements or reports of the financial status of particular companies.
Box
1 General Letters
Un-numbered Volume
June 20, 1900 – December 22, 1908
Box
2 Numbered Volumes
2 201 January 5, 1925 – March 27, 1925
2 202 March 28, 1925 – June 20, 1925
Box Folder
3 1 203 June 2, 1925 – October 26, 1925
2 204 October 26, 1925 – January 2, 1926
Box Folder
4 1 205 January 2, 1926 – March 30, 1926
2 206 March 30, 1926 – August 25, 1926
Box Folder
5 1 207 August 25, 1926 – November 29, 1926
2 208 November 29, 1926 – February 14, 1927
Box Folder
6 1 209 February 15, 1927 – June 6, 1927
2 210 June 7, 1927 – September 29, 1927
Box Folder
7 1 211 September 29, 1927 – December 30, 1927
2 212 December 30, 1927 – May 1928
Box Folder
8 1 213 May 1, 1928 – September 22, 1928
2 214 September 24, 1928 – December 31, 1928
Box Folder
9 1 215 December 31, 1928 – May 14, 1929
2 216 May 14, 1929 – November 19, 1929
Box Folder
10 1 217 November 19, 1929 – May 28, 1930
2 218 May 29, 1930 – June 30, 1930
Box
11 Correspondence by Company
Alliance Trust Company, Ltd.
1 December 5, 1889 – January 8, 1893
2 January 25, 1893 – March 6, 1896
Box Folder
12 1 March 9, 1896 – January 31, 1899
2 February 1899 – November 1901
Box Folder
13 1 November 1901 – March 16, 1905
2 August 1905 – September 1908
Box Folder
14 1 April 17, 1908 – September 30, 1911
2 October 4, 1911 – December 26, 1914
Box Folder
15 1 January 4, 1915 – December 26, 1918
2 December 27, 1918 – June 2, 1921
Box Folder
16 1 June 4, 1921 – September 30, 1922
2 October 6, 1922 – October 3, 1923
Box Folder
17 1 October 3, 1923 – January 30, 1926
2 January 30, 1926 – November 1, 1928
Box Folder
18 1 November 1, 1928 – June 30, 1930
Box
19 Second Alliance Trust Co. Ltd.
May 2, 1925 – June 25, 1930
Box
20 American Freehold Land Mortgage Co.
1 September 19, 1988 – May 25, 1895
2 May 28, 1895 – April 7, 1899
Box Folder
21 1 April 10, 1899 – July 31, 1905
2 August 3, 1905 – December 29, 1920
Box
22 Canadian American Mortgage and Trust Co. Ltd.
1 January 1900 – December 20, 1904
2 January 3, 1905 – April 22, 1908
Box Folder
23 1 April 23, 1908 – December 28, 1912
2 December 1912 – February 1917
Box Folder
24 1 February 12, 1917 – February 17, 1923
2 February 1923 – June 11, 1930
Box
25 Henry A. Jones
1 August 1, 1923 – June 10, 1929
2 June 11, 1929 – June 25, 1930
Box
26 Investor's Mortgage Security Co. Ltd.
1 February 6, 1892 – May 1901
2 June 1901 – May 1912
Box Folder
27 1 June 8, 1912 – September 30, 1921
2 September 30, 1921 – October 31, 1926
Box
28 October 28, 1926 – June 30, 1930
Box
29 Kansas City Life Insurance Co.
1 December 27, 1915 – March 16, 1924
2 March 3, 1924 – January 25, 1929
Box
30 Northern Counties Investment Trust
1 October 21, 1890 – September 28, 1898
2 December 1898 – January 1924
Box
31 Scottish American Mortgage Co.
November 1888 – June 4, 1890
Box
32 Thomas Nelson Trust
Statements and Letters, June 1892 – November 18, 1901
Box
33 U.S. Mortgage Co. of Scotland
1 February 12, 1884 – February 24, 1890
2 February 25, 1890 – December 16, 1892
Box Folder
34 1 December 16, 1892 – May 1895
2 May 1895 – August 1897
Box Folder
35 1 September 1, 1897 – November 25, 1899
2 December 1899 – June 1903
Box Folder
36 1 May 31, 1903 – September 30, 1907
2 September 1907 – June 2, 1913
Box
37 May 31, 1913 – September 28, 1927
Box Folder
38 1 March 15, 1922 – September 28, 1927
2 October 3, 1927 – January 23, 1930
Box
39 Western Hawaiian Investment Co. Ltd.
January 19, 1919 – April 30, 1925
Box
40 Miscellaneous Corporations
1 February 4, 1889 – June 2, 1891
2 June 30, 1891 – October 29, 1895
Box Folder
41 1 October 1895 – August 31, 1900
2 August 24, 1900 – June 30, 1912
Box Folder
42 1 June 1, 1912 – March 29, 1920
Box
43 Miscellaneous Investors
November 20, 1901 – March 30, 1930
Box
44 Opinions
Title Opinions
1 December 20, 1888 – March 28, 1902
2 William H. King, June 12, 1902 – August 19, 1909
Box
45 Legal Opinions
1 November 22, 1888 – July 26, 1890, Book 1
2 June 26, 1890 – December 19, 1898
Box Folder
46 1 September 1909 – October 14, 1915, Book 2
2 November 9, 1915 – March 9, 1926, Book 3

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Loan Registers

These volumes date from1883 to 1966 and consist of volumes recording individual loans made first by Francis Smith, Caldwell & Company and later by the H.P Drought Company, to assignees on behalf of several investors. Most of the investors are British, but there some American companies as well. The volumes are arranged in chronological order. Since both the former company – Smith and the latter company – Drought, had business with various investors, the Registers are usually grouped according to investor. When possible, the name of the company associated with a particular volume is listed. Within each volume, the loans are listed by date of note. In most volumes, there is an alphabetical index, in the beginning, linking assignee names with loan numbers. The information on each loan register includes name and address of the borrower, the name of the lender/investor, the date, amount and interest of the loan, and a record of payments. Occasionally correspondence is inserted into the pages.
Box
47 Francis Smith, Caldwell & Co.; Dundee Investment Co. Ltd.; Dundee Mortgage and Trust Investment Co. Ltd., 1883 – 1888
Box
48 Francis Smith and Co.; H. P. Drought; U.S. Mortgage Co. of Scotland, 1885-1891
Box
49 Francis Smith and Co., 1886-1891
Box
50 Francis Smith and Co.; Canadian American Mortgage and Trust Co. Ltd.; United Trust; Western Hawaiian Investment Co. Ltd.; Edinburgh American Land Mortgage Co., 1887-1893
Box
51 Francis Smith and Co.; Edinburgh American Land Mortgage Co., 1887-1906
Box
52 Netherlands American Land Co.; American Freehold Land Mortgage Co., 1888-1899
Box
53 Francis Smith and Co.; American Freehold Land Mortgage Co., 1888-1903
Box
54 Francis Smith and Co.; Land Mortgage Investment and Agency Co. of America; American Freehold Land Mortgage Co., 1888-1907
Box
55 Francis Smith and Co.; Alliance Trust Ltd.; Caldwell Co., 1889-1896
Box
56 Francis Smith and Co.; Home and Foreign Investment and Agency Co. Ltd., 1889-1905
Box
57 Francis Smith and Co.; American General Mortgage; U.S. and South American Investment Trust and Co. Ltd., 1890-1899
Box
58 Francis Smith and Co.; H. P. Drought; Municipal Trust Co.; New Municipal Trust Co., 1890-1900
Box
59 H. P. Drought; U.S. Mortgage Co. of Scotland, 1890-1900
Box
60 Francis Smith and Co.; H. P. Drought; Western Hawaiian Investment Co. Ltd; Canadian American Mortgage and Trust Co. Ltd.; United Trust; Greshem Life Assurance Society, 1890-1912
Box
61 H. P. Drought; Northern Counties Investment Trust Ltd., 1890-1917
Box
62 Francis Smith and Co.; H. P. Drought; Yorkshire Guarantee and Securities Corporation, 1890-1929
Box
63 Francis Smith and Co., 1891-1917
Box
64 H. P. Drought; U.S. Mortgage Co. of Scotland; Chattel Mortgage Co., 1892-1894
Box
65 Francis Smith and Co.; H. P. Drought; Investor's Mortgage Security Co. Ltd., 1892-1903
Box
66 H. P. Drought; Canadian American Mortgage and Trust Co. Ltd., 1896-1910
Box
67 H. P. Drought; Alliance Trust Ltd., 1897-1902
Box
68 H. P. Drought; U.S. Mortgage Co. of Scotland, 1900-1905
Box
69 Alliance Trust Ltd., 1903-1906
Box
70 H. P. Drought; Investor's Mortgage Security Co. Ltd. #2, 1903-1910
Box
71 H. P. Drought; Canadian American Mortgage and Trust Co. Ltd., 1903-1913
Box
72 American Freehold Land Mortgage Co., 1903-1916
Box
73 H. P. Drought; U.S. Mortgage of Scotland Ltd., #5, 1904-1909
Box
74 Alliance Trust Co. Ltd., 1906-1911
Box
75 H. P. Drought; U.S. Mortgage Co. of Scotland, 1909-1918
Box
76 H. P. Drought; Investor's Mortgage Security Co. Ltd., 1910-1917
Box
77 H. P. Drought; Western Hawaiian Investment Co. Ltd., 1910-1935
Box
78 H. P. Drought; Alliance Trust Co. Ltd. #5, 1911-1916
Box
79 H. P. Drought; Northern Counties Investment Trust Ltd., 1912-1953
Box
80 Canadian American Mortgage and Land Co., 1913-1917
Box
81 U.S. Mortgage Co. of Scotland, 1913-1924
Box
82 H. P. Drought; Western Hawaiian Investment Co. Ltd., 1913-1948
Box
83 H. P. Drought; Alliance Trust Co. Ltd.; Farmer's Loan and Trust Co.; NY; Investor's Mortgage Security Co. Ltd., 1914-1931
Box
84 H. P. Drought; Alliance Trust Co. Ltd., 1914-1939
Box
85 H. P. Drought; Alliance Trust Co. Ltd., 1916-1926
Box
86 H. P. Drought, 1921-1927
Box
87 H. P. Drought, 1927-1966

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Financial Ledgers

This series contains ledgers, a collection register and a note register. There are seven numbered company ledgers dating from 1897 to 1941 (#1 is missing), one volume dated 1904-1905, and two volumes dating 1943-1962. These volumes list various account balances, salaries and commissions. The Collection Register, 1924-1959, lists dates of when principal and interest payments were received on various loans. The Note Register, 1919-1956, lists dates when principal and interest payments were due and to whom the notes were sent.
Box
88 Dated
1897 – 1902 #2
Box
89 1903 – 1907 #3
Box
90 1904 – 1905
Box
91 1908 – 1912 #4
Box
92 1913 – 1917 #5
Box
93 1918 – 1924 #6
Box
94 1925 – 1932 #7
Box
95 1933 – 1941 #8
Box Folder
96 1 October 1943 – May 1953
2 May 1953 – January 1962
Box
97 Collection Register
1924 – 1959
Box
98 Note Register
1919 – 1956

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