"In the spring of 1838, from Fort Snelling we descended the Mississippi river to Prairie du Chien in bark canoes, thence by steamer to St. Louis, Missouri, where a co-partnership was formed by Messrs. Fitch, of Muscatine, Iowa, Libbey, of Alton, Illinois, Hungerford and Livingston, of St. Louis, Hill and Holcombe, of Quincy, Illinois, and myself. We chartered the steamer Palmyra, loaded her with all the materials with which to build a saw mill, including mechanics to do the work, and started for the scene of operations. Plans for procedure, rules and by-laws were discussed and adopted during the journey on the steamer, and the new organization was christened the St. Croix Falls Lumbering Company. Calvin A. Tuttle was the millwright." The trip was made in safety, our immediate plans executed, and the Palmyra was the first steamboat that ever sailed the St. Croix river and lake. Mr. Steele made an estimate for the construction of the mill and dam at $20,000, which he submitted to the company. It was accepted, and Calvin A. Tuttle, a millwright, was placed in charge of the work, but Mr. Steele sold his interest to the company before the mill was completed. On examination of the records we find that W. Libbey was the first agent of the company. We find also from the same record that Libbey knew little or nothing of the business he had undertaken. With a few barrels of whisky and one of beads he busied himself trading with the Indians. This was the first whisky sold in the valley, and it was sold in defiance of government law.