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Des Chutes & Gales Creek & Wilson RR Cos. (81834)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:25.00 USD Estimated At:50.00 - 80.00 USD
Des Chutes & Gales Creek & Wilson RR Cos.  (81834)
SOLD
65.00USDto 6******n+ buyer's premium (16.25)
This item SOLD at 2019 Mar 10 @ 17:14UTC-7 : PDT/MST
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Unissued and uncancelled railroad stock @ $100 each for Gales Creek & Wilson River Railroad Company. Black border with gold company seal. Inc. OR. Vignette of eagle with wings spread. Gales Creek & Wilson River Railroad was built by J. L. Washburn to reach timber stands owned by his company to the west of where the United Railways Line ran through Banks, OR. United Railway owners didn't want to build a railroad, so Washburn started to build one in 1917. Original line was about 12.74 miles long. Took about 3 years to construct the line because right of way kept getting washed out during the winter months. Line in operation by 1920. By 1922, Washburn sold the railroad to the GN and NP. The GN/NP owned the United Railways and had formed Spokane Portland & Seattle Railroad, which would over see both the UR and GC&WR, but both railroads would operate their own crews, and retain their railroad names. Business was slow until 1933, when the Tillamook Burn hit, scorching 11 million board feet of timber west of the end of the GC&WR railroad. This was a major boom for the railroad as the timber had to salvaged soon or be lost due to from disease and rot. Three major logging companies and land holders came together to form the Consolidated Timber Company. They were the Blodgett Company, Crossett-Western and Henry F Cheney. By 1936, the end of the GC&WR was extended a short distance to a place just west of Glenwood. A large 4-track yard, engine facilities, and camp was constructed. From there, Consolidated Timber ran a line west into the woods and built numerous logging spurs. During next 10 years, logging railroad traffic would be frequent and plentiful, with as many as 4 to 6 log trains running on GC&WR at any one time. Trains would run the entire length of the GC&WR and then run on the United Railways all the way to Rafton, northwest of Portland, OR, where the logs would be dumped into the river. By 1946, the Consolidated Timber Co. had panned out the timber and ceased operations. Track west of Glenwood was abandoned. With little to no traffic to handle on the GC&WR, the line was doomed. Completely shut down at the end of 1949, 1950 officially abandoned and in 1951 the tracks were pulled up. Unissued and uncancelled railroad stock at $100 each for Des Chutes Railroad Company. Black border with gold company seal. Inc OR. Vignette of head on train on top right of certificate. Printed: Glass & Prudhomme Co. Portland. Deschutes Railroad War began in 1908 when 2 competing railroad companies, the Deschutes and Oregon Trunk Railway, started building lines from the mouth of Deschutes River across central Oregon. A Union Pacific subsidiary, Deschutes Railroad, was owned by Edward H. Harriman and the Oregon Trunk was owned by James J. Hill. Harriman was the 1st to begin construction and decided that the eastern side of the river would be the best route. Hill began building his own line on the western side. In the Deschutes River Canyon, the 2 roads ran side-by-side or shared the same rails and terminals. Following years brought many legal disputes to decide which company should have sole access to the canyon. Competing construction crews would often blow up the other side's supplies by igniting their supplies of black powder. Boulders were dumped onto camps, and small gunfights broke out. Casualties remained light though and by 1912 the 2 railroads were operating on mostly separate lines. Prag collection.

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State: Oregon