The quarterly of the Oregon Historical Society, Vol. 1, No. 3, September, 1900Oregon Historical Society
History
The quarterly of the Oregon Historical Society, Vol. 1, No. 3, September, 1900
Oregon Historical Society
Oregon -- History -- Periodicals
Fortunately in disposing of his cattle he made the acquaintance of a Mr.
Saxon, a business man of very high character, recently from New Jersey.
He was, indeed, not only a strict business man, but strictly religious,
and a crank in habits of morality, taking pains to advise young men
against bad habits. By this Mr. Saxon, Cosgrove was interested in taking
work, just being begun on the railway line from Detroit to Chicago,
Illinois, then a landing place on the marshy shores of Lake Michigan.
“Why not take a contract?” asked Mr. Saxon, who had himself the work of
locating a twenty-mile section of the road; and offered all assistance
necessary in making bids, and was willing to guarantee Cosgrove’s
responsibility. By this great service a paying contract was secured of
grading a section of road. The contract was profitable, and the ins and
outs of business were learned—especially the art of how to employ and
work other men profitably,—Mr. Saxon, the ever ready friend, frequently
giving the young immigrant helpful advice.
Having saved something like $5,000 from his operations, he was next
visited by a coterie of eastern men who were coming west to mend their
fortunes—to go to Chicago, and take a contract of excavating and filling
on the great projected canal from Chicago to the Mississippi—a work only
just completed at this day. It was then begun under state control. He
soon discovered that he was the only capitalist in the number, and in
order to save the job, bought out the main man, a Mr. Smith, who had a
contract of $80,000. This was finished to advantage, although the state
suspended operations. Prices were excellent, some of the rock excavating
being done at fifty to seventy-five cents, and rock filling at $1.25 per
square yard. Further contracts were taken, but in the course of time
prices were forced down. In following up the railway development, a
residence was made at Joliet, where he bought one hundred and sixty
acres of land, on which much of the city now stands. But two things
acted as a motive to make him look elsewhere. One was the malaria of the
Illinois prairie; the other was the report of Oregon.
A newspaper man by the name of Hudson, of the Joliet _Courier_, who had
come to Oregon, wrote back very favorable accounts of that then
territory, especially praising the equable climate. A number of Joliet
men, among whom were Lot Whitcomb and James McKay, read these articles
with interest, and finally made up their minds to cross the country to
Oregon, a name that was to the old west about what the new world was to
the old. Lot Whitcomb, a man of affairs, who afterwards made himself
famous in Oregon as a steamboat man, thought Oregon would be a great
place for contractors and men able to carry on large undertakings, as he
heard that there were few such there.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account