Oregon Iron Company Furnace

Before 1862, the majority of Oregon's iron came from the East Coast of the United States. Due to the long and difficult journey, these imported iron products from the East were sold up for up to ten times what they originally cost. Aaron K. Olds, a blacksmith who worked with the first iron on Lake Superior, also created the first iron from Oswego ore in 1862 in his iron forge, despite iron ore being discovered there as early as 1841 by Robert Moore, founder of Linn City. According to his daughter Ellenette Olds Booth, Olds had started the forge with intention to smelt the iron ore. Smelting the ore is an important step that would allow Olds to separate the iron from the raw ore, but the ore proved refractory, and Olds was unable to smelt down the iron. The project was, in part, spearheaded by Olds' competitor Henry D. Green, who had purchased the water rights to Sucker Creek and a few acres of land above Oswego Landing in 1862. Water rights were important to hold within the industry, as it would provide the steam power necessary to fuel the engines of the furnaces and work the iron. The area that he purchased is present-day George Rogers Park, and would later also be used as the site of the Oregon Iron Company. Henry, along with his brother John and H.C. Leonard, were influential investors as they also owned the Portland Water Company at the time. As they were stakeholders in the water industry, they also hoped to have a hand in production of iron in the west, rather than pay high prices for iron in iron water pipes imported from the East or other competitors. After the foundation of the Oregon Iron Company in 1865, William S. Ladd was elected president of the company. H.C. Leonard became the vice-president and the first plant superintendent, and Henry D. Green became the secretary and company director. Twenty stockholders had invested a total of $500,000 in the company by February 1865, with some stockholders being from New York and San Francisco. Water disputes and Eastern competitors suspended the company several times before finally operations shut down indefinitely in 1894. == Construction and renovation ==