Formation of The Monopoly
The company was incorporated on December 29, 1860, at Vancouver, Washington, with 22 shareholders. Principal shareholders included D. F. Bradford (one of the owners of the north bank portage railway at the Cascades), Jacob Kamm, Harrison Olmstead, Simeon G. Reed, R. R. Thompson, and steamboat captains John C. Ainsworth and L. W. Coe. The company then gained control over most of the boats on the Columbia and Snake rivers.
Timmen described the Oregon Steam Navigation Company as "the many-tentacled monopoly of river transportation."
From 1858 to 1863, the Oregon Portage Railroad operated 4.5 miles of track between Bonneville and Cascade. The railroad hauled primarily military and immigrant traffic. In 1862, the railroad was sold to the Oregon Railway and Navigation Company for $155,000.
Soon afterwards, the company acquired most of the steamboats on the Columbia and Snake Rivers. The Oregon Railway and Navigation Company purchased the Oregon Steam Navigation Company in 1879.
- On the lower Columbia, the company's boats included Senorita, Fashion (ex-Venture), Julia (Barclay), Belle (of Oregon City), Mountain Buck, and Carrie Ladd.
- On the middle Columbia, boats were Mary, Hassaloe, Wasco, and Idaho.
- On the upper Columbia, the company ran the Tenino and the Colonel Wright.
Read more about this topic: Oregon Steam Navigation Company
Famous quotes containing the words formation of the, formation of, formation and/or monopoly:
“That for which Paul lived and died so gloriously; that for which Jesus gave himself to be crucified; the end that animated the thousand martyrs and heroes who have followed his steps, was to redeem us from a formal religion, and teach us to seek our well-being in the formation of the soul.”
—Ralph Waldo Emerson (1803–1882)
“... the mass migrations now habitual in our nation are disastrous to the family and to the formation of individual character. It is impossible to create a stable society if something like a third of our people are constantly moving about. We cannot grow fine human beings, any more than we can grow fine trees, if they are constantly torn up by the roots and transplanted ...”
—Agnes E. Meyer (1887–1970)
“The moral virtues, then, are produced in us neither by nature nor against nature. Nature, indeed, prepares in us the ground for their reception, but their complete formation is the product of habit.”
—Aristotle (384–322 B.C.)
“United Fruit... United Thieves Company... it’s a monopoly ... if you won’t take their prices they let your limes rot on the wharf; it’s a monopoly. You boys are working for a bunch of thieves, but I know it ain’t your fault.”
—John Dos Passos (1896–1970)