cades portage as well. Arrangements were made for the shipment of this iron at once, and the work of constructing The Dalles and Celilo road was commenced. They had completed about three miles of this road at The Dalles, when Mr. Bradford became more and more frightened at the success of Mr. Ruckle on the Oregon side of The Cascades. This led Mr, Bradford to agree to the construction of a road by the Oregon Steam Navigation Company the full length of the portage of the Washington side of the river. As soon as the negotiations for the sale were completed the construction force at The Dalles was taken to The Cascades and placed at work. Ruckle became convinced that his true policy was to sell to the company. The purchase was made that gave everything into the hands of the Oregon Steam Navigation Company, November 4th, 1862, and the price paid was $155,000.00.[1]
The company that was first organized by special act of the Legislature of Washington Territory, with nominal headquarters at Vancouver, was dissolved December 5th, 1862, and re-organized under the general corporation law of the State of Oregon. This settled the question of supremacy. The Oregon Steam Navigation Company was now master of the river, and all rival interests were now centered in the company.[2] The capital stock was $2,000,000.00, represented by twenty-five shareholders, at $500.00 per share, as follows:
Bradford & Co 758 shares J. W. Ladd 48 shares
E. E. Thompson 672 shares J. M. Gilman 44 shares
Harrison Olmstead. .. .558 shares P. F. Doland 42 shares
Jacob Kamm 354 shares E. J. Weekes 42 shares
L. W. Coe 336 shares S. G. Eeed, Agt 40 shares
T. W. Lyles 210 shares J. W. Ladd, Agt 40 shares
J. C. Ainsworth 188 shares Jos. Bailey 36 shares
A. H. Barker 160 shares O. .Humason 34 shares
S. G. Eeed 128 shares J. S. Euckle 24 shares
Ladd & Tilton 78 shares Geo. W. Hoyt 18 shares
Josiah Myrick 66 shares Ladd & Tilton 16 shares
Eichard Williams 48 shares J.H.Whittlesey 8 shares
A. H. Grenzebach 52 shares [3]
