The first American settlers in what is now Spokane were J.J. Downing and S.R. Scranton, cattle ranchers who squatted and established a claim at Spokane Falls in 1871. Together they built a small sawmill on a claim near the south bank of the falls. James N. Glover and Jasper Matheney, Oregonians passing through the region in 1873, recognized the value of the Spokane River and its falls for the purpose of water power. They realized the investment potential and bought the claims of and the sawmill from Downing and Scranton for a total of $4,000. Glover and Matheney knew that the Northern Pacific Railroad Company had received a government charter to build a main line across this northern route. Amid many delays in construction and uncertainty over the completion of the railroad and its exact course, Matheney sold his interest in the claim to Glover. Glover confidently held on to his claim and became a successful Spokane business owner and the city's second mayor. He later came to be known as the "Father of Spokane".