Christopher Moore. [Illust-State] |
Moore got his start in business dealing in livestock, and then running freight into Washington Territory and Canada. After gold was discovered in what became Idaho, he and a partner, Benjamin M. DuRell, freighted into the Clearwater gold country.
They ventured into the Boise Valley in 1863, expecting to sell their merchandise and return to the coast. However, they saw the commercial potential of Boise City, located on the Oregon Trail and midway between the gold camps of the Boise Basin and the Owyhee mines.
By the spring of 1865, the partners had outlets in Boise City, Ruby City and Silver City. They soon went beyond merchandise sales. In Boise, they began doing gold assays and acting as an informal bank, making loans and holding gold in a big safe.
Then, in 1867, Moore, DuRell, and three other investors founded the First National Bank of Idaho. (One of the other investors was Territorial Governor David W. Ballard.) DuRell was selected as president, Moore as cashier. It was the first nationally-chartered bank in Idaho, and only the second west of the Mississippi. The firm prospered, and played a significant role in the development of southwestern Idaho. DuRell sold his shares and left the bank after five years. Various reorganizations followed, and Moore became president in January 1889. He would hold that position for the rest of his life.
Moore continued to invest outside his bank job, acquiring considerable farm and ranch property, as well as mine holdings in the Silver City area. Also, in 1870, he and another group of investors incorporated the “Idaho Telegraph Company.” It’s unclear how well that venture fared and it may have been absorbed when the Western Union Telegraph Company ran their own lines through the Territory.
Around 1890, Moore acquired an interest in a company formed to deliver water to customers in Boise. The details of the competition that followed are beyond the scope of this blog. However, in May 1891, the Idaho Statesman reported “a consolidation … between the two great water companies.” The new firm was called the Artesian Hot and Cold Water Company and Moore was the company president.
Their immediate plan was for a grand hotel and health spa supplied with hot water from nearby geothermal wells. The “Natatorium” they built is still a noted Boise landmark. But they also hoped to supply hot water to other businesses, and to homes. That proved to be a “hard sell,” even though the company offered very attractive prices.
C. W. Moore Mansion. [Illust-State] |
So Moore had a hot water line extended to his mansion on Warms Springs Avenue. The geothermal heating system that went into operation in February 1892 is believed to be the first such residential unit installed in this country.
Christopher W. Moore passed away in September 1916, but the geothermal network that he and his partners pioneered is still in use today.
The bank he helped found proved to be equally lasting, although its corporate descendant now operates as part of a large bank holding company. First National itself endured a two-month suspension of operations early in the Great Depression, but bounced back stronger than ever.
References: [Illust-State], [French] |
“Boise Natural Hot Water Heating System,” Reference Series No. 500, Idaho State Historical Society, Boise (1977). |
Eloise H. Anderson, Frontier Bankers, The Caxton Printers, Ltd., Caldwell, Idaho (1981). |
“[Christopher Moore News],” Idaho World, Idaho City, Idaho Statesman, Boise, Owyhee Avalanche, Silver City, Idaho (March 1865 – September 1916). |
No comments:
Post a Comment