Plan For Economic Development
Lot Whitcomb was built at Milwaukie, Oregon, on the Willamette River. Her initial owners were S.S. White, Berryman Jennings, and Lot Whitcomb, who conceived the steamer as a way to establish Milwaukie, then engaged in rivalry with Portland and other towns along the river, as the premier city in the region. As construction continued, the original owners sold shares in the vessel to various people in the area, and some of the stock was paid for in livestock or produce, which was in turn consumed by the workmen building the vessel, whose wages were mostly in arrears. Lot Whitcomb himself had mortgaged just about everything he had to raise the funds to build the ship.
Read more about this topic: Lot Whitcomb (sidewheeler)
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