iron company located oregon company established company west rocky_mountains united_states iron company failed years reorganized addition larger incarnation company prospered reaching peak production pressure cheaper imported iron combined effects forced company close company continued operate pipe early 1960s existed land management company selling real estate holdings expanded city lake early history discovery iron ore near settlement hills south portland credited served speaker brown ore tested found excellent quality containing metal addition ore lay near surface bed estimated contain short tons ore site featured vast forests turned feed ready access water power potential successful mining operation easily recognized group portland included portland founders incorporated iron company named served president hoped pittsburgh west believing having local source iron help businesses included construction oversee construction fired blast company recruited modeled design connecticut designed british completed dam built creek harness water power forests cleared turned feed limestone iron remove shipped company docks adjacent august company united_states pig iron west rocky_mountains pigs given owned company nearly short tons iron group soon found business expertise areas apply iron industry lack experience coupled dispute water rights caused company close brief respite filled order iron wheels company closed good assets sold sheriff auction led experienced managers iron region new company number significant improvements purchased large tracts forest settled water rights issue opened new mines constructed homes workers built narrow gauge railroad hauling ore produced short tons iron finance improvements company incurred massive debt market price iron remaining low company sold group portland led railroad baron company reed president son founder vice president elder providing financing company built new north original times capacity short tons new iron works opened production company employed men population hotels churches opera house built support town railroad line portland completed making accessible company reached peak production short tons iron half company resources dedicated making wood availability cheaper imported fired iron overall reduction demand iron railroad expansion slowed economic effects combined final closure company continued operate pipe site new land development despite lack industry company found thousands acres land developed succeeded reed president father president formed manage real estate assets newly formed converted depressed company town prestigious suburb complete country club golf course polo field worked harsh sounding lake lake company existed shell final act powerhouse dams lake shareholders remnants infrastructure original blast stands extant iron west rocky_mountains placed national_register_of_historic_places seven year restoration completed pigs displayed remains place street marker northwest corner durham streets lake second dismantled sold scrap intact lake
Oregon Iron Company