Iron Industry
In 1865, the Oregon Iron Company was incorporated with the goal of making the town of Oswego an industrial center for the smelting of the abundant iron ore in the area. The company purchased the entire town of Oswego, including the lake and surrounding hills, which were rich in not only iron ore, but trees that would be turned into charcoal to feed the furnaces. Population in the town boomed, aided by the opening of a narrow gauge railroad from Portland in 1886. The Oregon iron industry peaked in 1890, but with the availability of cheaper coke-fired iron and steel mills, by the early 20th century it had nearly collapsed.
Read more about this topic: Oswego Lake
Famous quotes containing the words iron and/or industry:
“The majority of the men of the North, and of the South and East and West, are not men of principle. If they vote, they do not send men to Congress on errands of humanity; but while their brothers and sisters are being scourged and hung for loving liberty,... it is the mismanagement of wood and iron and stone and gold which concerns them.”
—Henry David Thoreau (1817–1862)
“That some should be rich, shows that others may become rich, and hence is just encouragement to industry and enterprise.”
—Abraham Lincoln (1809–1865)