Fidalgo City and Anacortes Railway
Encyclopedia
The Fidalgo City and Anacortes Railway was incorporated June 30, 1890. Its prospectus
indicates an intent to be capitalized at US$250,000. The organizers were Julius S. Potter, C.B. Holman, H.C. Colver, Joshua Pierce. W.A. Potter (? - December 1893) was a trustee. The company constructed and operated a 13 miles (20.9 km) long electric railway extending from Anacortes, Washington
, to Fidalgo City and Dewey Beach (all on Fidalgo Island
). It was placed in operation March 29, 1891. This is said to have been the first electric railway in Washington. Operations continued until the collapse of the land boom in the Panic of 1893
, when the road was abandoned and the track was removed.
Prospectus (finance)
In finance, a prospectus is a document that describes a financial security for potential buyers. A prospectus commonly provides investors with material information about mutual funds, stocks, bonds and other investments, such as a description of the company's business, financial statements,...
indicates an intent to be capitalized at US$250,000. The organizers were Julius S. Potter, C.B. Holman, H.C. Colver, Joshua Pierce. W.A. Potter (? - December 1893) was a trustee. The company constructed and operated a 13 miles (20.9 km) long electric railway extending from Anacortes, Washington
Anacortes, Washington
Anacortes is a city in Skagit County, Washington, United States. The name "Anacortes" is a consolidation of the name Anna Curtis, who was the wife of early Fidalgo Island settler Amos Bowman. Anacortes' population was 15,778 at the time of the 2010 census...
, to Fidalgo City and Dewey Beach (all on Fidalgo Island
Fidalgo Island
Fidalgo Island is an island in Skagit County, Washington, located about north of Seattle. To the east, it is separated from the mainland by the Swinomish Channel, and from Whidbey Island to the south by Deception Pass...
). It was placed in operation March 29, 1891. This is said to have been the first electric railway in Washington. Operations continued until the collapse of the land boom in the Panic of 1893
Panic of 1893
The Panic of 1893 was a serious economic depression in the United States that began in 1893. Similar to the Panic of 1873, this panic was marked by the collapse of railroad overbuilding and shaky railroad financing which set off a series of bank failures...
, when the road was abandoned and the track was removed.
Further reading
- A Guide to the Rod Varney Papers, 1918-1990, Center for American History, University of Texas at Austin indicates the existence of the following work:
- Benton, Homer, The Fidalgo City and Anacortes Electric Railway. Volume 2, #3, James D. Johnson, Wheaton, IL, 1964.