page_title: People's Transportation Company
section_title: Formation of the company
hierarchical_section_title: People's Transportation Company / Formation of the company
caption_attribution_description: English: Stock certificate issued by People's Transportation Company, E.N. Cooke, president, issued to Asa A. McCully, for 16 shares
context_page_description: The People's Transportation Company operated steamboats on the Willamette River and its tributaries, the Yamhill and Tualatin rivers, in the State of Oregon from 1862 to 1871. For a brief time this company operated steamers on the Columbia River, and for about two months in 1864, the company operated a small steamer on the Clackamas River.
context_section_description: The People's Transportation Company, often called the P.T. Company, was organized in 1862 to compete with the Oregon Steam Navigation Company, commonly known as the O.S.N.  Almost every steamboat man not associated with O.S.N. were either founders of the P.T. Company, or were afterwards associated with it.
  The principals in the founding of the P.T. company were two brothers, both businessmen and farmers: Asa Alfred McCully (1818-1886) and David McCully (b.1814).  Other officers were Stephen T. Church (1829-1871);  Edwin N. Cook (or Cooke) (1810-1879), businessman and Oregon State Treasurer from 1862 to 1870; steamboat captain Ephraim W. Baughman; businessman and politician Stephen Coffin; and master shipbuilder John D. Biles.  There were about 65 stockholders.  Stephen Coffin was the first president, and Edwin Cook and the McCully brothers were directors.  The McCullys, who were heavy shippers in the Willamette Valley, had invested $3,000 into a steamer, the James Clinton to assure access to river shipping free of monopoly control.
caption: Stock certificate of the People's Transportation Company, issued to Asa A. McCully.
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