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  1. #1
    us
    Tuberale

    May 2010
    Portland, Oregon
    White's Coinmaster Pro
    4,047
    702 times

    Treasure Lead: steamboat Tenino

    Treasure legends I would define as stories without verifiable source.

    Treasure leads have verifiable sources, and are much more reliable as a result.

    The following quote is from Oregon Trail: The Missouri River to the Pacific Ocean, by Federal Writers;' Project, p. 150 (This is also available on-line.)

    "The gold rushes to Idaho and eastern Washington contributed to the town's (Portland's) prosperity. Local men engaged in river transportation made fantastic profits, the little Tenino cleared $18,000 for her owner on a single trip." Most of these gold rushes were between 1865 and 1898, although I have been unable to find which trip this was, or when.

    The Tenino was owned by the Oregon Steam Navigation Company, which began in 1860.

    http://en.wikipedia.org/wiki/Oregon_...gation_Company

    More about the sternwheeler Tenino and the New Tenino can be found at

    http://en.wikipedia.org/wiki/Oregon_...gation_Company

    While undoubtedly some of the great income derived from the OSNC was plowed back into the business, at least some of the profits went to the founders of the company. Oregon had no reliable banks until after 1880. And those had a bad habit of going bankrupt. Individuals with large quantities of cash commonly hid part of their wealth. Thus this information could result in a cache with further research.

 

 

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